About This Course
Course Curriculum
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Introduction
00:04:00 -
A marker price
00:02:00 -
Different strategies
00:02:00
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Introduction
00:01:00 -
The 1970s : Long term contracts
00:02:00 -
The 1980s : The development of spot markets
00:02:00 -
The netback contracts
00:05:00 -
The 1990s : The development of financial markets
00:02:00
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Introduction
00:01:00 -
The different types of agreements
00:03:00 -
Crude oil price setting mechanism
00:02:00 -
Product price setting mechanism
00:02:00
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Barter agreements
00:01:00 -
Single cargo sales
00:02:00 -
Long term contracts
00:02:00
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Definition
00:02:00 -
Spot markets in the world
00:02:00 -
Operators on the spot markets
00:01:00 -
The balance between crude oil and product prices
00:02:00
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Spot transactions
00:02:00 -
The Brent market
00:02:00 -
The Brent crude oil
00:01:00 -
Price transparency
00:03:00 -
Indexing crude oil prices : The adjustment factor
00:03:00 -
Indexing crude oil prices : Reference indices
00:02:00 -
Indexing crude oil prices : The price timing
00:06:00 -
The limitation of the system
00:03:00
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Example #1 : The Rotterdam products market
00:03:00 -
How prices are reported
00:02:00
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The forward market
00:03:00 -
The principle of cover
00:02:00 -
Speculation
00:01:00 -
The players on the forward markets
00:01:00 -
Dated Brent and 15 Day Brent
00:05:00 -
The limitations of the forward markets
00:01:00
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The historical development of the petroleum exchanges
00:03:00 -
Futures contracts
00:01:00 -
How the markets work : Generalities
00:02:00 -
How the markets work : The clearing house
00:01:00 -
How the markets work : The deposit
00:01:00 -
How the markets work : The margin call
00:01:00 -
The participants
00:04:00 -
Pricing structures : Backwardation and Contango
00:02:00 -
The limitations of the futures markets
00:07:00
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The definition of an option
00:01:00 -
Example of the use of an option : Call option
00:02:00 -
Example of the use of an option : Put option
00:01:00 -
The cost of an option
00:02:00 -
The definition of a swap
00:01:00 -
Example of the use of a swap
00:04:00
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Course conclusion
00:02:00
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Assignment -Oil Market: Trading, Pricing & Future Oil Markets