COURSE OBJECTIVE:
vTo lay a foundation for the understanding of the oil industry and its synergy with the petrochemical industry.
vTo understand the salient characteristics of the oil business.
vTo gain knowledge of the world/regional oil markets and related issues leading towards an understanding of opportunity and competition in the oil industry.
COURSE OUTLINE:
vTOWARDS UNDERSTANDING THE PETROLEUM AND PETROCHEMICAL INDUSTRIES SYNERGY
vPetroleum Products: Fuel or Feedstock
vECONOMICS OF THE OIL INDUSTRY AND CONSEQUENCES OF ITS STRUCTURE: The Polarity/Dislocation between Demand and Supply / Oil has no Substitution
vReserves and R/P Ratio
vStructure & Features
vCHARACTERISTICS OF CRUDE OIL MARKET
vDemand / Supply
vCan Demand be Sustained?
vWhat about Supply?
vDemand / Supply Overview
vTrading Pattern
vCosts to Produce Oil & Technology
vPricing
vThe Role of OPEC and Crude Oil Price Formation
vCrude Oil Pricing: Cost Stacking / Floor Price
vREFINING
vRefinery Configuration & Industry Characteristics
vRefinery Margins and Outlook: Specs and Refining Margins
vPETROLEUM PRODUCTS MARKET
v Consumer Pricing & the Retail Market
THE SPEAKER
Khunying Thongtip Ratanarat
Member of PTIT Foundation Board & Council of Trustees
Petroleum Institute of Thailand
Brochure_Oil Industry_revised.pdf