Course Description
This dynamic two-day Energy Markets Primer provides a practical understanding of the physical and financial markets for natural gas, crude oil, unleaded gasoline and heating oil, providing you with the knowledge needed to successfully navigate this volatile market. It helps eliminate the mystery around what many consider a daunting topic.
The instructor will lead an examination and discussion on the factors that influence energy pricing including:
•Energy Logistics & Value Chain
•Physical “cash” market for energy and the related published indexes
•New York Mercantile Exchange and energy futures contracts
•Speculative trading for profit
•Hedging price risk for producers & consumers of energy
•Risk controls in Energy Trading & Hedging
Who Should Attend?
Those involved in all sectors of the oil & gas industry (upstream, midstream, downstream) needing to understand energy market pricing, trading and hedging.
•Managers
•Oil & Gas Accountants
•Contract Administrators
•Schedulers
•Financial Analysts
•Junior-level Marketers & Traders
•Controllers
•Planners
•Policy Analysts
•Consultants
*There are no prerequisites for attendance and no prior knowledge in the topics to be covered is necessary for attendance.
During this two-day seminar, you will learn…
•How the market for oil, natural gas, heating oil and gasoline functions
•How to interpret various factors that can influence energy prices
•About financial markets for energy commodities including energy financial derivatives
•What it takes to be proactive in planning for and reacting to the many factors at play in ever-changing energy prices
•How to hedge energy price/market risk and how hedging is used by various groups within the energy industry
•An in-depth understanding of how to hedge price/market risk in the energy marketplace.
Program Highlights & Benefits
•Access “real-time” energy futures price quotes and practice ‘trading’ during the program considering various factors that influence energy pricing and make determinations as to market direction
•Gain a better understanding of the dynamics of energy pricing both physical and financial
•Learn why and how entities hedge their energy price/market risk and the various financial energy derivatives used in that process
•Assess both the US domestic and global markets for energy commodities
Key Take-Aways:
•Enhanced knowledge of ‘market’ terminology
•Practical understanding of energy risk management
•An appreciation of the many domestic US and global factors that impact energy pricing
Length:
2 Days
Level:
Introductory
Accreditation
This class meets the criteria for continuing professional development in many state and national professional organizations.
Course Topics
• Oil & Gas Market Overview
• Factors That Influence Oil & Gas Prices
• Logistics & Value Chain for Natural Gas & Crude Oil
• Transportation & Storage Rates
• Cash Markets for Oil & Gas
• The New York Mercantile Exchange
• Financial Energy Derivatives
• Energy Hedging Using Financial Derivatives
• Risk Controls in Energy Trading & Hedging
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Public/Open Enrollment Course Dates & Locations