Oil trade between the Middle East & Asia is the world’s largest and most important single inter-regional trade flow of crude oil. Asia’s four largest oil consumers, China, India, Japan & South Korea, secure up to half their crude requirements from the Middle East and, as reported by the US Energy Information Administration, an estimated 76% of 17.3 million barrels per day of crude and condensate that flowed through the Straits of Hormuz in 2018 were bound for Asia.
This 2-day course is focused on oil trade between the Middle East and Asia. This is the world’s largest and most important single trade flow of crude oil. After covering the basics of trade and pricing the course focuses on the pricing of Middle East crude oil in Asia. It will cover how to value different crude oil types and how they compete in price and quality.
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.
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 five 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.
Module 1: 2:00pm to 3:00pm
Module 2: 3:20pm to 4:20pm
Buying and Selling Crude Oil and Refined Products
Module 3A: 4:40pm to 5:30pm
Economic Fundamentals of Pricing (demand and supply sides) (Revamped)
Module 3B: 2:00pm to 2:40pm
Module 4: 3:00pm to 4:30pm
Pricing of Middle East crude oil (Revamped)
Module 5: 4:50pm to 5:50pm
In-depth look at price formula calculations