The Petroleum Industry - The Crude Oil Market

4.0 2 Reviews SKU: RV-10524Duration: 120 Minutes

Petroleum economics is the field that studies human utilization of petroleum resources and the consequences of that utilization. In the simplest scientific terminology, petroleum use allows the production of energy. In this course we will discuss the factors and pricing strategies that determine oil prices, the transportation of oil from the producer to the consumer, and the structure of the crude oil market and global consumption of oil.

Course Details


Training Time: 120 minutes

Compatibility: Desktop Only

Based on: Industry Standards and Best Practices

Languages: English

Learning Objectives

  • By the end of this course, you will be able to:
  • Describe the global debate of peak oil and potential paths for oil in the future.List factors that influence oil prices.Recall the process of how oil gets from the ground to the consumer.Identify the characteristics of a refinery and different refinery types and processes, along with the impacts of refined oil.

Customer Reviews


economics is tough

“economics is tough”

Mitch R. Verified Customer


Detailed explanation of the crude oil market.

“Detailed explanation of the crude oil market.”

Philip L. Verified Customer

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