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Course Level
Intermediate
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
24
Pre-requisites
There is no pre-requisite for this course.

"This was very useful, beneficial and full of great content for our knowledge. The lecturers were very kind and friendly; we felt that we were at home!" Kuwait Petroleum Corporation

"This training met and even exceed my expectations. The explanations were clear and illustrated by examples/stories, the simulation software used to apply what we learned was smooth & fun to use. It has clarified some topics that I was struggling to fully understand since years. Overall the experience was great and certainly in my top 3 professional training until now." Varo Energy 

Faculty

Zoe Young has worked in the downstream oil and gas industry for over 20 years, both as an independent adviser and with companies such as ExxonMobil and Gaffney, Cline & Associates.  She has advised private companies, national oil companies and governments regarding the optimal development of natural gas resources and has consulted on projects covering LNG, GTL, methanol, ammonia and power generation.  She has also worked on natural gas importation, the development of gas master plans and the development of gas-based industry in various countries. Zoe  has lectured, or provided in-house training, on a range of topics, both for private companies, national oil companies (JOGMEC, PetroSA)  training providers (Mennta Energy Solutions, Energy Institute) and academic institutions (Cass Business School).


Peter Stewart worked for more than 30 years as an energy, commodities pricing and environmental consultant and analyst, before becoming a work and careers coach. He has served on the Managing Council of the British Institute of Energy Economics (BIEE) and has written widely about the challenges facing the energy workforce. For the last decade or so he has run his own training and consulting firm Resource Economist Ltd which provides training courses on energy and the energy transition, in the Middle East, Africa, Europe and Asia. In the past, Peter was managing director of Interfax Europe Ltd, a director at Standard & Poor’s Global Commodities (formerly Platts), and a principal consultant at KBC Advanced Technology. He has also worked as a business journalist and economics writer at Reuters, Euromoney and FT magazines. 

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.


The Synergies of Refining, Trading and Supply (CLASSROOM) - TRR

Course Schedule

Date Time Location Price* Registration Deadline**
10-12 Nov 2025
Register 		9:00-17:00
 London, UK
 £3,995 (TRR-ALDN25-11)
 3 Oct 2025

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.

Course Summary

The Synergies of Refining, Trading and Supply is a three-day instructor-led course where delegates will learn to protect and enhance refinery profitability.

The course will begin with a review of refining terminology and concepts that are foundations of the industry.  Then we will shift our focus to supplying the refinery.   Understanding the importance of selecting the optimal crude slate will be emphasised. 

Next, delegates will be given both the physical crude and paper market trading tools to maximise profitability and minimise risk.   Leveraging short/long positions and spot/term crude contracts will be considered.  Futures, forwards, swaps, and hedging strategies for the benefit of refinery will also be discussed.

Step by step we will travel through the refinery to see the fascinating methods used to take us from feedstock to products.   Delegates will leave this course with functional knowledge of the complex technologies and chemistry behind the refining processes.  With the goal of meeting product specifications in mind, we will cover blending and its optimisation.  Also, programs and techniques will be evaluated to ensure refining and supply plans are achieved economically.  This section of the course will culminate with the critical role refining margins play in the success of an operation.

Finally, the presentation will delve into project investment and financing.  And, more importantly, the trading techniques available to maximise value, reduce risk, and minimise cost of capital.  A forward-thinking look will be taken at the refining industry, its constraints, and the possible strategies to address those challenges.

The course is highly interactive and includes several different refining, supply, and trading exercises.

Who Should Attend?

Any personnel with direct or indirect involvement and responsibility for the profitability of a refinery.

Course Content

Overview of Core Refining Terms

  • Terminologies
  • Units
  • Conversion factors

Market Fundamentals

  • Supply and demand
  • Utilisation
  • Forecasting

Crude Oil Characteristics and Valuation

  • Density, sulfur content, viscosity, and more
  • Gross Product Worth (GPW)
  • Net-back
  • Refinery margin

Tankering

  • Tanker characteristics
  • Freight and Worldscale
  • Chartering Spot and Term

Refining Overview

  • Processes
  • Products and their qualities
  • Biofuels
  • Emissions
  • Cut flexibility
  • Yield

Physical Oil Markets

  • Market fundamentals
  • Pricing and Risk
  • Long and short positions
  • Spot and term contracts

Derivatives

  • Futures
  • Forwards and Swaps
  • Hedging tools
  • Risks

Product Specifications and Blending

  • Product quality review
  • Production specifications
  • Blending
  • Component valuation
  • Exchange deals

The Major Stages of Refining

  • Distillation
  • Reforming
  • Isomerisation
  • Alkylation
  • Visbreaking
  • Coking
  • Cracking processes
    1. Catalytic cracking
    2. Hydrocracking
  • Lubes, bitumen, and petrochemicals
  • Critical utility systems

Supply Planning

  • Understanding and interpreting linear programming (LP) models
  • Trading to support the solution
  • Optimising based off logistics
  • Medium-term planning
  • Long-term planning
  • Scheduling-planning interface benefits

Margins

  • Refinery margin hedging to protect against price fluctuations
  • Margin volatility
  • Achieving a target margin

Industry Investment, Financing, and Trends

  • Refining sector investment trends
  • Financing
  • Discounted Cash Flow (DCF)
  • Strategic decisions to consider
  • Protecting return on capital through trading
  • Industry outlook and challenges

During the course, delegates get hands-on experience with refining, supply, and trading through numerous interactive exercises.

 

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