Oil, gas and coal are today the most widely used sources of energy and together represent the largest traded energy commodities in the world. These primary resources are almost exclusively never used in their raw state but are transformed into end use products. Oil & gas are ubiquitous in our modern world with uses spanning from energy to shelter and clothing to food and medicines. Our modern society depend on these energy sources and would collapse if these were to be reduced in any way. The supply and distribution of oil and gas are concentrated in certain regions in the world and their price fluctuates in most cases unpredictably.
Oil price instability and hence oil supply and demand have been fluctuating since the early seventies. These fluctuations have been attributed to disruptions in the oil supply either due to regional conflicts or directly by oil producing governments. Other causes for these oil price variations are due to both regional politics but more importantly due geopolitics. OPEC and lately OPEC plus have attempted to stabilize oil prices by adjusting their production. The USA has also joined this price stabilization role, by lifting their oil export ban in2015, that was put in place in the early seventies. USA’s regional surpluses from increasing shale oil production and by releasing their strategic petroleum reserves, have served to both stabilize and to wield a greater influence on world prices.
Natural gas prices have also experienced a similar fate in price fluctuations to those of oil prices, since gas prices are in the most, linked to a crude oil benchmark.
The 10-day accelerated mini-MBA in oil and gas energy management course, aims to explain the reasons behind anergy price fluctuations with a view of reducing inherent industry risks, and hence reduce the likelihood of producers and other stakeholders, incurring financial distress.
This training course will feature:
By the end of this Coventry Academy training course, participants will be able to:
This Coventry Academy training course is suitable to a wide range of professionals but will greatly benefit:
This Coventry Academy training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes expert input, videos, case studies and class exercises.