This 2-day course is focused on trade and pricing in global crude oil markets. To understand patterns of international crude oil trade and pricing, the course covers how to value different crude oil types and how they compete in price and quality across markets. Key economic and valuation techniques are covered. Crude oil trade and pricing is set in a larger geopolitical context which will also be covered. The course covers in detail the Middle East – Asia crude oil trade relationship, which concerns the world’s largest and most important single trade flow of crude oil.
This-2-day course will focus on the pricing of Middle East crude oil in Asia, analysing:-
The course will be taught via a video conferencing platform, over six modules of either 1 or 1.5 hours each. The course instructor will adopt an interactive approach which will encourage active participation and delegate engagement.
Senior Visiting Research Fellow, Middle East Institute, National University of Singapore
Dr. Tilak K. Doshi is Senior Visiting Research Fellow, Middle East Institute, National University of Singapore. Dr. Doshi is an industry expert with over 26 years of international work experience in leading oil and gas companies and think tanks.
Dr. Doshi is the author of many articles and three books on energy economics, the most recent being the “Singapore Chronicles: Energy” (Straits Times Press, 2016). He received his Ph.D. in Economics from the University of Hawaii on a scholarship provided by the East-West Centre. He was one of two candidates which were granted the 1984 Robert S. McNamara Research Fellow award by World Bank, Washington, D.C.
Module 1: 3.00PM TO 4.00PM SGT
Module 2: 4.20PM TO 5.20PM SGT
Buying and Selling Crude Oil and Refined Products
Module 3: 5.40PM TO 6.30PM SGT
Economic Fundamentals of Pricing (demand and supply sides)
Module 4: 3:00pm to 3:40pm
Formulae Prices for Term Contracts vs. Spot Market Pricing
Module 5: 4:00pm to 5:30pm
Pricing of Middle East crude oil and geopolitics
Module 6: 5:50pm to 6:50pm
In-depth look at price formula calculations
"The very comprehensive approach the course follows simplifies the topic yet delivers the objective of the course. Experience and knowledge."
"It was very well organised. The course materials were provided beforehand giving people enough time to become familiar with the contents that were going to be discussed. It also gave a good overview and background of the oil industry as a whole particularly for people who are less familiar with the subject. He was making sure that everything is clear to everyone throughout the course and he allowed attendees to interrupt him during the lessons to ask their questions where needed."
“Comprehensive and systematic explanation. Easy to understand explanation for the complex matters. Saudi crude oil price mechanism and risk hedge using paper trading.”
“Focus on crude oil pricing calculations. Knowledge of the crude oil flows in the Middle East and Asia. A very interesting and valuable experience.”
“All natural resources are developed for the end goal of maximizing the benefit we get from it to uplift our lives in sustainable ways. In this regard, especially for critical supply in our daily life like oil, the marketing, pricing and related issues are of great importance. The course has briefly touched these areas and pricing mechanism in particular. He is well informed, very fast, tried to address all the concern areas within the scope of the course and communicated with the audience well.”