Oil and Gas Market Analysis Course
Course
In London
Description
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Type
Intensive course
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Level
Advanced
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Location
London
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Class hours
27h
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Duration
3 Days
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Start date
Different dates available
The programme is accredited by the British Energy Institute. The course participants will be issued 80 CPD credits International Certificate of the IBH and ICE Futures.
Facilities
Location
Start date
Start date
About this course
The course will be held at ICE Futures in London from 17th to 19th of December 2014. The course provides an overview of the factors underlying the pricing of the energy markets. Delegates will gain a strong understanding of the fundamental drivers affecting the valuation of energy sources. Economic, Geographical, political, strategic and comparative factors are considered.
Reviews
Subjects
- Global
- Gas
- Supply
- Trading
- Market
- Oil and Gas
- Marketing Analysis
- Oil and Gas market analysis
Teachers and trainers (2)
John Fry
Lecturer
Julian Lee
Senior Energy Analyst/Centre for Global Energy Studies
Mr Lee joined the Centre for Global Energy Studies at its creation in 1989. He specialises in global oil market analysis and the oil industries of the former Soviet Union and sub-Saharan Africa, overseeing all the CGES’ work in these latter areas. Mr Lee has written extensively on many aspects of the oil industry of the former Soviet Union, i ncluding the production prospects for both Russia and the Caspian region, the export options for oil and gas producers in both regions and the dynamics of and prospects for Russian oil demand. Mr Lee is a frequent commentator on global oil markets and on the oil industry in the former Soviet Union and the proposed export projects of Russia and the Caspian countries. Mr Lee writes for the CGES on a wide range of subjects outside his areas of special interest, including the geopolitics of oil, the political and economic problems faced by major oil producers in the Middle East and general OPEC issues. Julian Lee is also responsible for the CGES’ publication, ‘Oil Market Prospects’ and regularly contributes research-based articles and the oil market review and forecast section for the ‘Global Oil Report’. Julian also writes much of the ‘Monthly Oil Report’ and produces the CGES’ ‘Annual Oil Market Forecast and Review’. Mr Lee is frequently interviewed for both recorded and live TV and radio broadcasts (BBC, ITN, CNN, Sky News, CNBC among others) on a wide variety of oil, gas and energy matters. Both the specialist and general print media also frequently seek his opinion on oil and gas matters. Mr Lee is a member of the Editorial Board for the Canadian Energy Research Istitute’s ‘Geopolitics of Energy’ and is also a regular presenter at conferences organised by the CGES and others on a wide range of oil- and gas-related subjects. Julian Lee has lectured on energy matters at summer schools organised by the German Society for Foreign Affairs and the Central European University. Julian Lee is a graduate in Mathematics from the University of Warwick and received his Master Degree in Operational Research from the London School of Economics.
Course programme
DAY 1
JULIAN LEE
Senior Energy AnalystCentre for Global Energy Studies
The fundamentals of oil and gas
- The global importance of oil and gas
- Similarities and differences
- Why market analysis is importantMeasuring oil and gas
- Upstream economics
The oil and gas supply chain
Major sources of supply
- The Middle East
- The FSU
- North America
- Shale gas and tight oil
- What they are
- How they are changing the oil and gas supply picture
- North American experience
- Will the phenomenon spread beyond North America
Oil transportation
- Pipelines
- Tankers
- Rail
Gas transportation
- Pipelines
- Tankers (LNG)
Oil refining
- The importance of crude oil characteristics (gravity & sulphur)
Major centres of consumption
- Asia
- The OECD
The drivers of oil and gas consumption
- The changing pattern of oil use
- Challenges in the transport sector
- The rise of natural gas demand
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
Julian Lee, Senior Energy Analyst, Centre for Global Energy Studies
Oil and gas pricing
- Basic market principles
- Oil prices and price relationships
- The use of benchmarks in oil pricing
- Natural gas pricing (regional differences)
- Will growing LNG trade erode regional gas price differences?
- What drives prices?
Oil & Gas Market Outlook
- The balance of oil supply and demand
- The impact of North American tight oil
- The role of OPEC
- The competition for Asian gas markets
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- Pipeline gas vs LNG
- New sources of LNG supply
- The implications of shale gas
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
JOHN FRY
Training Delivery ManagerICE Futures
Charting & Technical Analysis
- Charting principles, how they developed, Charles DowInterpreting
- 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 confirm or deny a price trend.
Additional information
Oil and Gas Market Analysis Course