Oil Markets, Price Forecasting & Commercial Fundamentals Training

Brussels Energy Club is pleased to invite energy professionals to join Oil Markets, Price Forecasting & Commercial Fundamentals, a 3-day industry training course in Brussels, delivered by S&P Global Energy.

Overview

As oil markets continue to be shaped by shifting supply and demand fundamentals, geopolitical uncertainty, the evolution of OPEC+, changing benchmark structures, energy transition dynamics, and increasing risk exposure, professionals across the energy sector need a clear understanding of how oil markets operate — and how prices are formed, assessed, forecast, and managed.

This training course will provide participants with a market-driven view of today’s global oil markets, from physical and paper trading mechanics to benchmark pricing, price discovery, commercial strategy, risk management, hedging, and long-term market outlooks.

Over the course of the programme, participants will explore the fundamentals of the world oil industry, the role of futures markets and price benchmarks, the mechanics of crude trading, oil price forecasting, carbon-related market developments, and practical approaches to managing physical and financial exposure.

The course will be delivered by S&P Global Energy experts, using the latest data, benchmark insights, and market analysis from S&P Global Commodity Insights.

Who should attend

This training is designed for professionals who want to strengthen their understanding of oil markets, price forecasting, commercial fundamentals, trading structures, and risk management.

It will be relevant for participants working in energy companies, trading, refining, utilities, infrastructure, finance, consulting, policy, regulation, and related sectors, as well as professionals seeking a stronger foundation in oil market dynamics and commercial decision-making.

Special registration rate

Super Early Bird rate: $3,800

Register by 8 September 2026 and save $495

Registration and group discounts are available directly through the S&P Global Energy website.

Register via S&P Global Energy

Agenda

Global Oil Market Fundamentals and Energy Transition Dynamics

• Global energy fundamentals: global energy supply & demand;

• Structure of the world oil industry

• World oil market fundamentals (part 1): Oil market history; oil demand and supply; forces shaping future of world oil demand; history of oil supply regulation; US Shale; Emergence of OPEC+

• World oil market fundamentals (part 2): oil price history; factors shaping the oil price today; role of futures markets; price benchmarks

• Oil and the energy transition: How to think about the future

  
  

Oil price discovery and trading

• Oil Pricing: How does the Brent market work?; Understanding what the physical trading data represents; Methodology: How do we arrive to the price?

• Trading: The mechanics of trading physical crude

• Oil Price Forecast

  
  

Benchmarks

• Overview of Platts Oil Benchmarks and assessment methodology

• Update on Platts Benchmarks: Dated Brent/Urals

• Update on Platts Benchmarks: Platts Dubai/Oman

  
  

Market Outlook

• How to develop an oil price outlook, short and long term

• Value of scenario framework for forecasting

• Oil market outlook to 2024 and through 2050

  
  

Carbon Capture

• Technologies and Trends

  
  

Carbon Intensities

• Carbon Accounted Commodity

• Carbon Price Premium

  
  

Risk Management Concepts

• Approaches to Risk Management

• Risks with discretionary positioning

• Long and Short

• Basis and Outright risk

• Physical v. Financial Exposure

  
  

Basic Futures

• Futures: ecosystem and settlement

• Margins, basis and spreads

  
  

Introduction to Basis Trading

• Implications of basis

• Models for basis analysis

  
  

Overview of Options

• Basics and definitions

• Variables to determine option prices

• Profit and Loss diagrams

• Basic option strategies

  
  

Introduction to Hedging

• Hedging strategies in trading

• Basic hedging instruments

  
  

Instructors

Kaushik Burman Roy

Global Director, Energy Training

Kaushik leads S&P Global Energy Training globally. He is responsible for leading training efforts on Energy Transition (Carbon, Renewables, Nuclear, Electricity, Methane, Hydrogen, Ammonia, Energy Attribute Certificates) and Energy and Generating Fuels (LNG, gas, oil, coal, lubricants, petrochemicals).

Prior to joining S&P Global, he worked for 30 years in the Energy Industry, with experience from some of the world's largest energy companies, including ExxonMobil and Shell in upstream, downstream and petrochemicals.

Being a Chemical Engineer, MBA, and master’s in education, he brings together technology and business in his training sessions.

Lucy Brown

Strategic Engagement & Intelligence Lead for Oil & Generating Fuels

Lucy Brown is the Strategic Engagement & Intelligence Lead for Oil & Generating Fuels, responsible for engagement strategy for European oil benchmarks and global benchmarks for natural gas, power, coal, and nuclear. Based in London, Lucy works with the oil and gas and power generation fuels pricing teams to elevate Platts’ visibility in the market, engage key market participants, and educate the market on Platts’ pricing methodology. Lucy has previous experience as the Market Engagement Lead for LNG and as a reporter on refined products markets at Platts.

Register via S&P Global Energy

Please contact us at info@brusselsenergyclub for more information.

You may also be interested in our upcoming training course on LNG Markets, Pricing & Commercial Fundamentals this September.