Course Curriculum
- 11 sections
- 51 lectures
- 1 hour, 55 minutes total length
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Introduction00:04:00
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A marker price00:02:00
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Different strategies00:02:00
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Introduction00:01:00
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The 1970s : Long term contracts00:02:00
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The 1980s : The development of spot markets00:02:00
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The netback contracts00:05:00
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The 1990s : The development of financial markets00:02:00
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Introduction00:01:00
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The different types of agreements00:03:00
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Crude oil price setting mechanism00:02:00
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Product price setting mechanism00:02:00
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Barter agreements00:01:00
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Single cargo sales00:02:00
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Long term contracts00:02:00
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Definition00:02:00
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Spot markets in the world00:02:00
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Operators on the spot markets00:01:00
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The balance between crude oil and product prices00:02:00
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Spot transactions00:02:00
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The Brent market00:02:00
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The Brent crude oil00:01:00
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Price transparency00:03:00
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Indexing crude oil prices : The adjustment factor00:03:00
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Indexing crude oil prices : Reference indices00:02:00
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Indexing crude oil prices : The price timing00:06:00
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The limitation of the system00:03:00
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Example #1 : The Rotterdam products market00:03:00
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How prices are reported00:02:00
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The forward market00:03:00
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The principle of cover00:02:00
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Speculation00:01:00
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The players on the forward markets00:01:00
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Dated Brent and 15 Day Brent00:05:00
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The limitations of the forward markets00:01:00
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The historical development of the petroleum exchanges00:03:00
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Futures contracts00:01:00
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How the markets work : Generalities00:02:00
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How the markets work : The clearing house00:01:00
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How the markets work : The deposit00:01:00
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How the markets work : The margin call00:01:00
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The participants00:04:00
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Pricing structures : Backwardation and Contango00:02:00
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The limitations of the futures markets00:07:00
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The definition of an option00:01:00
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Example of the use of an option : Call option00:02:00
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Example of the use of an option : Put option00:01:00
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The cost of an option00:02:00
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The definition of a swap00:01:00
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Example of the use of a swap00:04:00
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Course conclusion00:02:00