Economics of Downstream Oil 2014

This course is designed to identify the key economic driving forces of the supply chain through the downstream oil business and show the inter-relationship of the various activities. It covers operations and logistics from the crude oil loading port through shipping, refining and product delivery, the markets for these activities and the management of the risk involved.

Through case studies delegates gain hands-on experience of how profits are made in the individual activities and in optimization of downstream oil as a whole. Delegates will also consider the measurement and improvement of product quality before going on to look at the purchases and sale of products on the international markets. The concepts of price exposure and hedging will be introduced.