The worldwide recession continues to drag down projections for oil consumption as evidenced by the latest EIA estimate drop by 1.4 million barrels per day in 2009. This translates into 200,000 fewer barrels since last month's projection and three million barrels since September 2008. Global GDP could see further declines by 0.8 percent in 2009 before growing by 2.6 percent in 2010 which, yes, means an increase in oil consumption.
So where am I going with this?
Arguably there is light at the end of the tunnel. But even as production swings and crude oil prices sway, the need for sophisticated training in oil trading is constant. My data points are the strong enrollment rates for our advanced oil trading courses, especially these two which are coming up (both confirmed to run):
International Oil Trading and Pricing to run end of this month in Oxford as well as International Oil Trading - Advanced Techniques and Strategic Risk Management which takes place in mid-April in Singapore.
I encourage you to check these out as they are great value for your money and yes, you are certain to walk away with critical strategies and tactics to weather this roller coaster ride.
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