Oil & Gas Market Analysis

ICE Education and International Business House are pleased to present this annual course, now in its 8th year. It represents a point in the calendar when leading experts, analysts and industry professionals get together for the Oil and Gas Market Analysis workshop to analyse the factors that impacted or continue to impact the pricing in these energy markets. The course provides an overview of the factors underlying the pricing of oil and gas markets. Delegates gain a strong understanding of the fundamental drivers affecting the valuation of these energy sources. Economic, Geographical, political, strategic and comparative factors are considered.

Course Information

Price £2250.0 + VAT
Duration 3 days
Location London
Available Dates

Who Should Attend

  • Recommended for anyone who would like to gain an insight into fundamental analysis of the oil and gas market and understanding of the principles and applications of charting techniques
  • Trading companies, banks, brokers, oil and gas producers, refiners, distribution and storage companies
  • Senior managers, marketing and sales departments
  • Physical traders, futures and options brokers and dealers
  • Fund managers and investors

Booking Information

Tel: +44 (0) 20 7065 7706

Course Content

DAY 1

Introduction

  • The fundamentals of the International oil business
  • An indication of costs of exploration and production
  • Time frames and risk

Oil production and supply

  • Reserves
  • Geography of supply
  • OPEC
  • Oil Sands
  • The shale revolution
  • Non-oil supply

Natural gas markets and prices

  • Reserves
  • Production
  • Pricing
  • Major trends
  • The US and future exports

Detail and structure of oil demand

  • Geography of demand
  • The shifts: OECD vs non-OECD
  • Usage and future growth
  • Car ownership

What determines the price of oil?

  • Short term factors vs long term factors
  • OPEC's role
  • The challenge for the next 5 years

Crude oil pricing

  • Methods and practices
  • Types of sales contracts
  • Differentials
  • OSP's
  • Time dimension to prices

Group exercise:

Delegates will have a chance to analyse select the optimum mix of crude oils to process in order to maximise refining margins.

DAY 2

The shipping business

  • Tanker details
  • Demand - TMT
  • Supply - the fleet and forthcoming changes
  • Vetting
  • Asset management in shipping

The refining business

  • The geography of oil refining
  • Simple vs complex configuration
  • Difference in economic return
  • Future investment in capacity and the likely impact on existing refineries
  • The petchem division

Structure of product prices

  • The crack value
  • Development in product cracks
  • Regional comparisons
  • The US case and continued product exports

Risk in business and the need for price risk management

  • Understanding exposure
  • Definition of hedging
  • Futures markets
  • The role of Funds in commodities

SWOT analysis

  • Thoughts on the futures challenges and opportunities for the industry

Group exercise:

Using the fundamental characteristics over the previous two days, participants, working in small groups, will develop their own short- to medium-term oil and gas market outlook to be presented to the class. It will be followed by an interesting discussion.

DAY 3

Charting & Technical Analysis

  • Charting principles
  • How they developed
  • Charles Dow
  • Interpreting Volume & Open Interest

Main concepts:

  • Support, Resistance, Trend, Breakout
  • Chart patterns: Continuation, Reversal, Gap

Indicators

  • Moving Average: long & short term, using multiples
  • Oscillator: MACD, RSI, Stochastic
  • Trading Bands & Channels
  • Other approaches: Elliott Wave, Pivot trading, Candlesticks

Combining tools to make a trading system

  • Confirmation, Filter, Divergence Analysis
  • Oil & Products contracts as a group
  • Financial management

Exercises and workshops: Delegates are encouraged to interpret a chart to formulate a view of the next market move. You will analyse Open Interest reports to confirmation or deny a price trend.