The good news is that abundant oil resources are available to meet the projected growth in demand. According to the U.S. Geological Survey the earth was endowed with more than 3 trillion barrels of conventional oil. This estimate has grown steadily over the years as our industry has developed new and more sophisticated technologies to locate and produce these resources.

If we add estimated frontier resources, such as heavy oil and shale oil, this total rises to over 4 trillion barrels. Considering we have used 1 trillion barrels of oil in the history of mankind, the outlook for future supply is positive.

But the challenge of meeting future demand is broader than recognizing that the resources are available. They must also be accessible.

For instance, in the United States alone, an estimated 31 billion barrels of recoverable oil and 105 trillion cubic feet of natural gas are currently ruled off-limits.  Many of these restrictions are driven by concerns about the environmental impact of offshore production.

To be a successful trader we advise our partners to have adequate knowledge in the following subjects:

The fundamental understanding of the trading and operational features within the international oil industry  - from the selection, purchase, shipment and refining of crude oil through to the subsequent selling of the refined products that meet stringent sales specifications

The oil markets, Pricing mechanisms, Crude Oil Valuation and Selection ,Crude oil characterization ,GPW, netback and refiners margin ,Tanker Markets ,Freight and World scale ,Tanker characteristics, Chartering and charter parties, Refining , Distillation ,Upgrading and conversion processes.

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