Residual and Bunker Fuel Oil: Understanding the Supply Chain, Price Drivers and Technical Aspects - MFM1 

CPE Credits Awarded:
Categories: Oil Industry, Oil Supply and Trading, Shipping and Bunkering

Course Code Date Duration Venue Price Register
MFM1 Open date - Not scheduled. Please enquire.

Gold Course This course is designed to provide delegates with a comprehensive understanding of the production and the drivers of price and quality of fuel oil. Using this knowledge, the course then investigates the day-to-day aspects of the fuel and bunker markets and describes the supply chain and factors that influence it. In addition the course examines concerns of participants in the structural changes and the economic effects of such changes. Candidates will gain an understanding of why fuel prices and quality vary, and the effects of such volatility and how it can be mitigated.

On completion of the course all participants will have a thorough understanding of the day-to-day mechanics of the fuel market and in addition an understanding of the factors influencing the global market.

Manager’s Return on Investment

Upon completion of this course your employees will have:

  • Develop an appreciation of the wider market and global issues influencing the market price volatility of fuel oil
  • Gain an understanding of the reasons for quality variations and associated disputes
  • Understand the theory and mechanics of implementing risk management in the fuel market
  • Appreciate the background behind bunker quality disputes and bunker market volatility

Do you have a question or enquiry regarding this course?

Please contact your local sales team:

Asia Pacific Europe, Middle East, Africa, Central & South America North America

Those wishing to learn the basics of fuel oil trading or understand the interaction between fuel oil and the bunker industry will find this course ideal. In addition, the course should be considered essential for anyone entering or recently new to the bunker industry in terms of buying, selling, trading, broking or the service industry. Institutions currently involved in financial aspects of bunker and fuel oil activities would also benefit from the comprehensive coverage of this course.

Introduction

  • Introduction
  • Course outline
  • Round robin

Supply

  • Crude Oil – properties and assays
  • OPEC and non-OPEC
  • Refining – capacity and fuel production
  • Fuel manufacture

Demand

  • Sectorial fuel use
  • Regional fuel use
  • Future trends
  • S&D forum

Price

  • Fuel and the refinery economics
  • Specifications
  • Characteristics affecting price
  • Pricing methodology
  • Price variations
  • Fuel cracks

Price Drivers

  • Fuel oil trading including hedging, storage, arbitrage, blending and spreads
  • The market participants
  • Physical trading
  • Derivative trading
  • Fuel oil from producer to consumer
  • Price drivers
  • How to avoid /mitigate some of the effects
  • Price Forum

Structural Changes

  • Refinery upgrading
  • Demand shifts
  • Bunker spec changes
  • Demand balances
  • Emission trading
  • Future refinery operations
  • Future pricing
  • Buyers strategy

Faculty

Course Director

Testimonials

If you have attended a past course please provide us with some feedback.

UK: (+44) 1865 250521   |   Singapore: (+65) 6837 8030   |   USA: (+1) 713 343 1699

 

Email us at info@oxfordprinceton.com

logos logos logos logos logos facebooklinkedintwitter

footerimage