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JBC Energy Academy Brochure

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Crude & Product Pricing<br />

Risk Management Modules<br />

How is the price of crude oil and oil products established? This is the main question that will be<br />

answered in this module. During this course participants will gain an understanding of the factors<br />

that are taken into account when setting a price, and what the various procedures are.<br />

During the course attendees will:<br />

• Identify the main sources for prices<br />

• Learn the various calculations used in price formation<br />

• Gain insight into the differing methodologies<br />

used by pricing agencies<br />

• Understand the different types of prices<br />

• Investigate the connections between prices in different markets<br />

<strong>Academy</strong> Programme 12

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