Oil, gas, and coal are currently the most commonly used energy sources and together constitute the largest traded energy commodities globally. These raw materials are almost always processed into final products rather than being used in their natural state. Oil and gas are integral to modern life, with applications ranging from energy production to shelter, clothing, food, and medicine. Our society is heavily reliant on these energy sources, and their reduction would lead to significant disruption. The production and distribution of oil and gas are concentrated in certain regions, and their prices tend to fluctuate unpredictably.
Since the early 1970s, oil prices have been volatile, with supply and demand fluctuations linked to supply disruptions, often due to regional conflicts or actions by oil-producing governments. Other factors contributing to oil price variations include regional and geopolitical influences. OPEC and more recently OPEC+ have sought to stabilize oil prices by adjusting production levels. The United States has also played a role in stabilizing prices, particularly after lifting its oil export ban in 2015, a measure introduced in the early 1970s. With increased shale oil production and the release of strategic petroleum reserves, the U.S. has both stabilized and exerted more influence on global prices.
Similarly, natural gas prices have experienced fluctuations tied to crude oil prices, as gas prices are often linked to oil benchmarks.
The Houston 10-Day Mini MBA in the Oil & Gas Industry™ training course seeks to explain the factors behind energy price fluctuations. The training course aims to help reduce inherent industry risks and minimize the likelihood of financial distress for producers and other stakeholders.
This training course will feature:
By the end of this training course, participants will be able to:
This training course is suitable to a wide range of professionals but will greatly benefit:
This training course will utilize a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes expert input, videos, case studies and class exercises.
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