Web-based Training

The goal of this course is to provide a basic understanding of fuels, specifically gasoline and diesel. What makes them different? What are the unique properties of each? How have the quality of the fuels changed over time and what has driven that change? These are just some of the questions that will be answered in this web based course.

"石油輸送入門へようこそ！

このコースでは、石油タンカー市場の概観についてご説明します。 様々な種類のタンカーと、出荷に関する用語について学びます。 また船をチャーターする過程、用船契約で使用される様々な用語、また運賃の計算方法について扱っていきます。 最後に、出荷に対する環境および安全規則の影響を復習していきます。

"イントロ

この入門コースでは、石油に関して学びます。例えば、石油とは何か、どこで見つかるのか、またどのように抽出するのかなどを学んでいきます。 また、最終消費者に供給される前に、生の原油がどのように私たちがよく知っている石油製品（例えばガソリン）に変わるのかを学びます。 石油産業がどのように組織されているのかも覗いてみることができます。 コース終了までには、地下の天然貯蔵所からガソリンポンプに至るまで、石油に関する一般的な理解を深めていただくことができるでしょう。 本コースのために何か準備する必要はありません。また、テーマに関する知識や事前準備も必要ありません。

Coal, once the basic energy source for much of the world, is seeing a resurgence in today's complicated energy picture. This basic overview of the coal industry will take you from the mineshaft to delivery, giving you a glimpse of what the modern coal industry consists of. You'll learn about formation and mining, grades and quality factors, environmental issues, blending and transportation. There are no pre-requisites for this course and there is no advanced preparation required for this course.

This course provides an introduction to renewable energy resources that are emerging as major parts of the solution to global warming as well as a way to gain energy independence from the inherent power struggles over the fossil fuels of oil, coal, and natural gas. We will cover each renewable energy resource in a separate lesson. At the end, we will review the major reasons renewables are not readily adopted in the marketplace, and some of the ways government and utility operators are using to increase the pace of adoption.

This JUST-IN-TIME course was created in response to growing interest in the ethanol (biofuels) market as it continues to make headlines. A federal mandate to provide a 10% gasoline-blend by 2011 is paving the path for ethanol to become a mainstay of the American energy equation. Major oil companies are now embracing it and addressing the logistics and resources required to refine, blend, store, transport, and trade it vis-à-vis other refined products in their portfolios. Furthermore, ethanol is already widely available at the pump in markets like Brazil and with renewed worldwide focus as new technologies are identified, all interested parties need to dial up their foundational knowledge.

In this intermediate level course you will be introduced to the building blocks of petrochemicals, the nine key hydrocarbon compounds that form the basis for the petrochemicals industry. We will cover these important hydrocarbons one by one, sharing knowledge of how they're derived, the technology employed to produce them, and some of the many products manufactured using them. Please join us and enjoy this opportunity to learn how petrochemicals have become one of the most important industries in today's world. Delegates taking this course should already have successfully completed Introduction to Petroleum Chemistry, or have equivalent knowledge of refining chemistry.

In this introductory-level course, you will be exposed to the world of commodity derivatives. Along the way, you will learn about the different types of derivatives and how to identify each type. The course will cover futures, options on futures, swaps, over-the-counter options, and forwards. There are no prerequisites for the course, and no advance preparation is required.

In this introductory course, you will learn about oil – what it is, where it is found, and how it is extracted. You will also learn how raw crude oil is turned into the petroleum products we are familiar with (like gasoline), before it is distributed to end users. We will even take a look at how the industry is organized. By the end of the course, you will have a good general understanding of oil, from the underground crude reservoirs to the gasoline pump. There are no pre-requisites for this course, and no prior knowledge of the subject matter or advance preparation is required.

In this basic course, see how natural gas is produced and marketed in the natural gas industry. There are lots of exciting content that takes you from the formation of natural gas through processing and transmission to end-users. See how natural gas is traded in markets around the world. There are no pre-requisites for this course and there is no advanced preparation required for this course.

The goal of this course is to provide a basic understanding of futures contracts, the role of the basis, and global commodity exchanges as they relate to various commodities. In addition, this course introduces contract order types, concepts behind spreads, and the fundamentals of hedging. Delegates taking this course should already have successfully completed PrincetonLive.com's Introduction to Commodity Derivatives, or have equivalent knowledge.

Chemistry is the foundation on which the petroleum industry is built. In this intermediate-level course, you will learn how hydrocarbons found in crude oil are transformed into a range of marketable petroleum products. Learn about the chemistry associated with the major operating units – hydrocracker, fluid catalytic cracking unit, coker, alkylation unit, catalytic reformer, isomerization unit, and hydrotreater. Delegates taking this course should already have successfully completed PrincetonLive.com’s Petroleum Refining Made Easy, or have equivalent knowledge.

Enter the exciting world of hedging. Please discover the different kinds of hedges in some pretty interesting areas of business. This basic course will introduce you to hedging types, applications and answers that old question: why hedge? Delegates taking this course should already have successfully completed PrincetonLive.com's Understanding Commodity Risk, or have equivalent knowledge.

This course provides a good foundation for those wanting to learn about options and how they behave. You will find out what it means to be "long" options and "short" options – and what kind of market position could result from buying and selling both calls and puts. Delegates taking this course should already have successfully completed PrincetonLive.com's Introduction to Commodity Derivatives, or have equivalent knowledge.

This course will provide an introduction to emissions trading as practiced worldwide. Beginning with a description of the economic rationale and business effectiveness of emissions trading, the course will introduce the important types of emissions trading. A brief history of emissions trading programs will follow with emphasis on non-carbon emissions. Then carbon emissions will be introduced with an overview of the global regulations and resulting business implications. Major carbon emissions markets, e.g., the European Union’s Emission Trading System, will be described. Finally, course takers will be educated in the mechanics of emissions trading with emphasis on trading methods, instruments, and pricing.

This JUST-IN-TIME course was created in response to the events in January 2009 when Russia curtailed supplies into Ukraine and many parts of Europe. Even as these two nations have come to an agreement to get gas flowing again, their dispute is a long-running one that has been brewing ever since the breakup of the Soviet Union. We are unlikely to see the last of it. What are the underlying dynamics of the dispute and how prepared is Europe and the rest of the world for when this situation makes headlines in the future?

This course provides an overview of the fundamentals of the European power market, covering market structure, supply, demand and power flows. You’ll learn how liberalization is changing the structure of the power industry in Europe. We’ll review the different fuels used for power generation, and the factors affecting the generation mix in Europe. We’ll also cover the key factors affecting power demand and future consumption trends. You’ll understand how electricity is transmitted across Europe, including key power flows. Finally this course will provide an overview of the outlook for the European power market, including the likely impact of environmental legislation. Delegates taking this course should already have successfully completed PrincetonLive.com's Introduction to the Power Industry and/or Power Trading in Europe, or have equivalent knowledge.

Around the world, natural gas deregulation is changing the structure of the natural gas industry. These evolving market structures have brought new opportunities, but also additional risks. In today's world, understanding what natural gas deregulation means, how it's implemented, and the new industry structures are requirements for successful energy trading and hedging.

This intermediate level course introduces you to the risks involved in foreign exchange and the role of hedging in managing risk. Understand who they key players are and their roles, exchange rates and how they are determined, evaluation of risk and the various instruments available to protect one's self when hedging foreign exchange exposures. Delegates taking this course should already have successfully completed PrincetonLive.com's All Aboard the Hedge Express, or have equivalent knowledge.

This intermediate level course provides an overview of hedging using exchange-traded futures and options. It covers key terms and concepts and reviews hedging strategies using futures and options for a range of different participants. You will enjoy practical examples from various commodity markets. Delegates entering this course should already successfully completed PrincetonLive.com's Back to the Futures and Discovering Options, or have a basic knowledge of the workings of the futures and options markets.

En este curso introductorio, aprenderás que es el petróleo y donde se encuentra, como es extraído, y luego como es convertido en productos con los que estamos familiarizados, tal como la gasolina, antes que sea enviado a los centros de distribución donde se le facilita a los consumidores finales el acceso a dicho producto. También veremos cómo es la estructura organizativa de la Industria. Al completar el curso, tendrás una visión global del petróleo desde su inicio en el subsuelo hasta la estación de servicio donde nos surtimos de gasolina. No hay pre-requisitos para tomar este curso y tampoco es necesario de conocimiento alguno del tema. Asi mismo, tampoco se requiere una previa preparación para este curso.

In today's global economy, credit risk management is emerging as an essential component of business and industry success. In the past, this complex factor has often been overlooked and misunderstood and many firms have paid the price for not having credit risk management as a priority item in their business policy. Introduction to Credit Risk Management is a powerful intermediate level training tool to help you understand credit risk and teach you what your company can do to bring credit risk under control. There are no pre-requisites for this course and there is no advanced preparation required for this course.

You are the new Risk Manager for Lucky Seven Airlines, and today's your first day. Join your new company and learn the basics of how forwards and swaps are the financial instruments that can help keep Lucky Seven in the air. On your first day on the job, you'll get an in-depth look at how they work and some practical applications. Delegates taking this course should already have successfully completed PrincetonLive.com's Introduction to Commodity Derivatives, or have equivalent knowledge.

This overview of the oil tanker market introduces you to different vessel types as well as the chartering process. You will become familiar with both charter contract terminology and freight rate calculations. Also included is a review of the impact current environmental and safety regulations have on the industry. Prior knowledge is not required and therefore ideal for new hires though this course serves as an excellent refresher course for professionals as well. There are no pre-requisites for this course and no prior knowledge on the subject is required. There is also no advanced preparation required for this course.

This course provides an overview of the aviation fuels market, covering quality, supply, demand and trading. You’ll learn the basics of producing aviation fuels in the refinery. We’ll review the different types and quality of jet fuel and aviation gasoline. We’ll also cover the key factors affecting supply, demand and trade flows. You’ll understand how aviation fuels are traded and priced, and how they are distributed to airports. Finally this course will provide an overview of the outlook for the aviation fuels market.

In this introductory course, you will become familiar with what electricity is and how it is generated and moved to the outlet in offices and homes. We shall also examine the market participants and the basic principles of how the electricity markets are structured and what impacts those markets. There are no pre-requisites for this course and no prior knowledge on the subject is required.

This course provides an overview of the economics of refining. You’ll learn how refineries make money, and what affects their profitability. We’ll review the fundamentals of refinery operations and planning, as well as optimization and blending. We’ll also cover crude oil quality and valuation. You’ll understand how refinery margins are calculated. Finally, this course will provide an overview of the market outlook for refining.

Recognizing the chemical make-up of hydrocarbons is one of the fundamentals of the petroleum industry. Learn about the structure of hydrocarbons and some common hydrocarbon compounds that are essential to the petroleum industry. This introductory course teaches you all about the properties of hydrocarbons that make them the building blocks of petroleum chemistry. There are no pre-requisites for this course and there is no advanced preparation required for this course.

This course provides an introduction to the fundamentals of the global LNG market. Liquefied Natural Gas (LNG) is becoming an increasing important fuel in the global energy marketplace. You'll learn about recent changes in contract terms, economics and the availability of spot cargoes are transforming the industry from a one-time regional market to a global source of gas supply.

This course provides an introduction to the fundamentals of the global LPG market. Liquefied Petroleum Gas has diverse applications and uses and therefore plays an important and lucrative role in the energy marketplace. You’ll become familiar with its value chain and how it is shipped and traded across markets.

You will be introduced to shale gas, its upstream production and the issues currently impacting the resources’ greater development, such as drilling costs, production decline rates, environmental concerns, regulatory challenges, its impact on the cost of natural gas and global natural gas production.

Come and see how a refinery operates in this introductory course. See how crude oil travels though the refinery and becomes petroleum products like gasoline, kerosene and lubricants. Learn the functions of the various units. There are no pre-requisites for this course and there is no advanced preparation required for this course.

This course provides an overview of the power trading market in Europe, covering the trading markets and exchanges, traded instruments, impact of liberalisation and power price drivers. You’ll learn the different motivations for trading. We’ll review the fundamentals of the market, including the factors driving electricity prices. You’ll understand how liberalisation has changed the structure of the power market in Europe. We’ll also cover the different types of power trading instruments, the major markets and exchanges. Finally this course will provide an overview of the outlook for the European power trading market. Delegates taking this course should already have successfully completed PrincetonLive.com's Introduction to the Power Industry, or have equivalent knowledge.

Ready to move up to a more advanced hedging experience? In this intermediate level course, meet Portia Bentley, champion race car driver and expert at negotiating tricky twists and turns on the track and in the portfolio. Join Portia at the track and learn what correlation risk and basis risk are and how they affect hedging. Delegates taking this course should already have successfully completed PrincetonLive.com's Discovering Hedging, or have equivalent knowledge.

Experience and learn about the types of risk, terminology and basic concepts of risk analysis, and more advanced ideas that are specific to commodity risk. You will be introduced to the basic concepts and terminology needed to understand commodity risk. There are no pre-requisites for this course and no prior knowledge to the subject is required.

Value-At-Risk can be an important tool for measuring risk, but it's often misunderstood. Because of the complexity of value-at-risk calculations, it's easy to become bewildered. In this intermediate level course, users will tackle this complicated subject and have it explained in simple terms. Delegates taking this course should already have successfully completed PrincetonLive.com's Understanding Commodity Risk, or have equivalent knowledge.