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Price: $(USD) 277
Course Level
Advanced
Delivery Method
On-Demand Self-Study Course
Professional Development Credit Hours
2
Pre-requisites
There is no pre-requisite for this course.

Faculty

All on-demand self-study courses are written by members of our Faculty in their areas of expertise.

Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org


CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.

Oil Pricing Mechanisms (ON-DEMAND) - OPM

Course Summary

Oil Pricing Mechanisms is an online training course that provides a comprehensive guide to the pricing mechanisms used in the wholesale oil trading markets. You’ll learn about the history of oil pricing, including the use of fixed pricing and netbacks for crude oil contracts. We’ll cover the components that are used in oil pricing, including units, averaging periods, benchmarks and Incoterms. We’ll review the methodologies used by the main price reporting agencies, and will assess the links between physical and paper market prices, including the use of EFPs.

Who Should Attend?

Course Content

You will learn to:

  • Recognize the types of pricing mechanisms used at different times during the history of the oil market
  • Select the units and currencies used for oil pricing in different regions
  • Identify the key components used in oil pricing
  • Recognize the key benchmarks used in oil pricing
  • Identify the way oil contracts are priced using Official Selling Prices (OSPs) and posted prices
  • Distinguish between the different methodologies used by the price reporting agencies
  • Point out the links between physical and paper market pricing

 

Practice exercises and self-assessment quizzes are included to help reinforce key topics introduced throughout the course.

A comprehensive final test will be given at the end of the course.

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