GLOBAL OIL MARKET FUNDAMENTALS
one day seminar
Why are oil prices so high?
What lies behind the relentless rise on oil prices? Is it peak oil, refinery constraints, Opec production quotas or hedge funds? This essential briefing explains how market fundamentals interact with investment constraints, speculative pressures and competing political interests to shape the price of oil. Participants will gain a comprehensive understanding of the structure and operation of the global oil market.
This one-day seminar covers the entire oil
supply chain from upstream production to
downstream refining and marketing, providing an
invaluable foundation for informed oil market
analysis.
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- Politics and oil prices
- Opec and the IEA
- The behaviour of oil prices
- Types of oil
- Measurement and units
- The oil supply chain
- Growth in global oil demand
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- Uneven distribution of reserves
- Finding and developing oil fields
- Main sources of supply
- Challenges for the future
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- Transportation and refining
- Refinery economics
- Environmental specifications
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- Oil in the global economy
- Main sources of consumption
- Changing demand barrel
- Substitution and competition
- Environmental policies and taxation
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- The oil price cycle
- Matching supply to demand
- Patterns of inventory behaviour
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- What is the price of oil?
- Present and future prices
- Role of fundamentals
- Hedgers and speculators
- Changing oil price expectations
- Upstream capacity constraints
- Downstream capacity constraints
- Where next for oil prices?
- Whilst we always allow time for questions during the course of the day, it always helps to have a discussion time at the end.Questions, discussion and close
- 3rd September 2010 - London
We reserve the right to change the venue, dates and programme at our discretion.
- new staff in existing oil companies
- new market entrants
- Gas, electricity and other industries affected by oil prices
- lawyers, consultants, and officials with an interest in the oil market
CPD Credit now available for all participating Solicitors* and Accountants**
*All of our courses are CPD accredited by IGEM
(The Institute of Gas Engineers and Managers)
and The Solicitor's Regulation Authority.
**Attendance may also contribute to meeting
requirements under the terms of the ICAEW's CPD
policy for accountants. (Visit www.icaew.co.uk
for full details).