Crude oil valuation and pricing

Crude oil valuation and pricing

by | Sep 21, 2020 | HP Slider, Training, Training Courses

Course Code:

COVP

Course title:

Crude oil valuation and pricing

Course summary:

The 3-day course Crude Oil Valuation and Pricing explains how oil refiners select the crude oils to use in their systems from among the 600 plus crude oil streams that are available globally. Beginning with a review of the chemistry of crude oil, and explaining the various quality parameters of different types of crude oil, this course provides a framework for understanding how refiners evaluate different grades of oil within their overall refining slate. The course goes on to explain the different systems currently used for pricing oil around the world, including the operation of the main benchmark grades of Brent (BFOET), Oman/Dubai and WTI crude.

Course details:

The 3-day course Crude Oil Valuation and Pricing explains how oil refiners select the crude oils to use in their systems from among the 600 plus crude oil streams that are available globally. Beginning with a review of the chemistry of crude oil, and explaining the various quality parameters of different types of crude oil, this course provides a framework for understanding how refiners evaluate different grades of oil within their overall refining slate. The course goes on to explain the different systems currently used for pricing oil around the world, including the operation of the main benchmark grades of Brent (BFOE), Oman/Dubai and WTI crude.

Who should attend?

This course will appeal to producers of crude oil, in particular those seeking to market new grades of oil; market analysts and economists evaluating the different grades of oil available in the market; bankers and investment analysts financing the development of new streams of crude oil; lawyers and accounts involved in the valuation of crude oils; marketers of crude oils; refiners looking to diversify their crude slates.

Key objectives:

The crude oil valuation and pricing course aims to provide attendees with a full understanding of the key crude oil qualities; how these affect refining values; refiners’ approach to selecting crude oils; basic calculation tools such as GPW and refining margin; the use of LP models; use of pricing benchmarks and differentials; assessment methodologies of Platts, Argus and their competitors; use of futures contracts; and basic risk management tools.

Platts issues Dated Brent Special Report

by | Feb 21, 2018 | 5_Pricing+Markets, Reviews, Uncategorized

The Price Reporting Agency Platts, part of S&P Global, has recently issued a Special Report on the Dated Brent benchmark. The price of Brent crude oil from the North Sea has been used for the last 30-odd years as the pricing reference point for billions of barrels of oil – some estimates suggest that as much as two-thirds of the 95 million barrels per day of crude oil produced and traded globally is directly or indirectly linked to Brent price. The catch? Over the last decade, Brent production has declined to the point that Platts has had to use the price of other grades such as Forties, Oseberg, and more recently Ekofisk and Troll, in its calculation of the Brent price.
The Platts report: “Riding the Wave: The Dated Brent benchmark at 30 years old and beyond” can be downloaded at the link below:
https://www.platts.com/IM.Platts.Content/InsightAnalysis/IndustrySolutionPapers/sr-north-sea-riding-the-wave-dated-brent-feb-2018.pdf