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MARKET KNOWLEDGE BY SUPPLY OPS

Total questions: 30

Worksheet time: 10mins

Name
Class
Date
1.

What is marketing?

a)

Buying a cargo for system

b)

Selling a cargo from system

c)

Buying a cargo for third party

d)

Selling a cargo from third party

e)

Don’t know

2.

What is sourcing?

a)

Selling a cargo from third party

b)

Buying a cargo for system

c)

Buying a cargo for third party

d)

Selling a cargo from system

e)

Don’t know

3.

What does CFU stand for?

a)

Condensate Fractionation Unit

b)

Crude Functional Unit

c)

Condensate Fission Unit

d)

Crude Fractionation Unit

e)

Don’t know

4.

The following are secondary units which could be found at a refinery EXCEPT for ______.

a)

Coker

b)

CDU

c)

VDU

d)

Hydrocracker

e)

Don’t know

5.

What is the estimated crude oil & condensate production rate of Malaysia in kbd (thousand barrels per day)?

a)

~1,050 kbd

b)

~450 kbd

c)

~650 kbd

d)

~850 kbd

e)

Don’t know

6.

What is the total crude/condensate refining capacity for PSR-1 & PSR-2 at MRCSB?

a)

~100 kbd

b)

~305 kbd

c)

~180 kbd

d)

~125 kbd

e)

Don’t know

7.

The following countries in South East Asia produce crude oil EXCEPT?

a)

Myanmar

b)

Thailand

c)

Vietnam

d)

Singapore

e)

Don’t know

8.

What is the estimated crude oil production rate of Saudi Arabia in Mbd (million barrels per day)?

a)

> 10 Mbd

b)

8 – 10 Mbd

c)

6 – 8 Mbd

d)

5 – 6 Mbd

e)

Don’t know

9.

PETRONAS equity crudes in Iraq are:

a)

Basrah Heavy and Basrah Light

b)

Basrah Light and Basrah Medium

c)

Basrah Super Light and Basrah Heavy

d)

Basrah Heavy and Basrah Medium

e)

Don’t know

10.

Which of the below are members of OPEC?

a)

Qatar

b)

Venezuela

c)

Iran

d)

Turkey

e)

Don’t know

11.

Which of the below is NOT an ‘Oil Major’?

a)

BP

b)

Mubadalla

c)

Shell

d)

ExxonMobil

e)

Don’t know

12.

The below are known as ‘Trading houses’ EXCEPT?

a)

Vitol

b)

Trafigura

c)

SIETCO

d)

Glencore

e)

Don’t know

13.

Which of the below is NOT a ‘National Oil Company’?

a)

PTT

b)

TOTAL

c)

Pertamina

d)

PetroChina

e)

Don’t know

14.

Who has the largest retail market share in Malaysia?

a)

PETRONAS

b)

PETRON

c)

BHP

d)

SHELL

e)

Don’t know

15.

Which of the following below DOES NOT own a refinery in Malaysia?

a)

SHELL

b)

Heng Yuan

c)

PETRON

d)

PETRONAS

e)

Don’t know

16.

Which of the following are market driver(s) which impacts price?

a)

Refinery shutdown

b)

Festive season

c)

Colder Winter

d)

All of the above

e)

Don't know

17.

What will be International Maritime Organization (IMO) 2020 regulation change from 1 January 2020?

a)

To force 30% of the global tanker fleet are LNG powered

b)

To force a new 0.5% global sulphur cap on fuel content

c)

To force vessels to be equipped with scrubbers

d)

To force a maximum 15-year age limit for oil tankers

e)

Don’t know

18.

Malaysia is required to use B10 Biodiesel. What is meant by B10 Biodiesel?

a)

10% blending ratio of marine fuel oil in diesel

b)

10% blending ratio of Jet-A1 in diesel

c)

10% blending ratio of palm biofuel in diesel

d)

10% blending ratio of ethanol in diesel

e)

Don’t know

19.

Malaysia’s gasoline spec will adhere to Euro 4M standard by Jan 2020. What is the maximum Sulphur content allowed under Euro 4M?

a)

500ppm

b)

100ppm

c)

50ppm

d)

10ppm

e)

Don’t know

20.

Which of the below are NOT considered as controlled goods in Malaysia?

a)

Unleaded Gasoline 95 RON

b)

Diesel

c)

LPG

d)

JET-A1

e)

Don’t know

21.

What is the Government Body who regulates Malaysia’s Free Trade Agreement?

a)

KPDNHEP

b)

Royal Customs Malaysia

c)

MIDA

d)

MITI

e)

Don’t know

22.

Categorize the news snippet from BPPD below to the correct sentiment:


Gazpromneft, the oil arm of Russian gas giant Gazprom, expects the global oil supply-cut deal between OPEC and its allies to commence in the first half of the year.

a)

Bearish

b)

Bullish

c)

Don’t know

23.

Categorize the news snippet from BPPD below to the correct sentiment:


Data from the EIA showed that crude stock in the United States rose 7.2 mbbls last week, as net imports climbed, production edged higher to a new record and refining sales slowed.

a)

Bearish

b)

Bullish

c)

Don’t know

24.

PRefChem will be fully operational by Q4 2019,

a)

Crude bearish, product bullish

b)

Crude bullish, product bearish

c)

Crude bullish, product bullish

d)

Crude bearish, product bearish

e)

Don’t know

25.

What does “Fundamental Trading Forecast” means?

a)

Using technical charts to forecast prices

b)

Using gut-feeling to forecast prices

c)

Using market supply-demand balance to forecast prices

d)

Using stochastic analysis chart to forecast prices

e)

I don’t know

26.

Which of the following is NOT a price reporting agency?

a)

WoodMackenzie

b)

Platts

c)

Argus

d)

RIM

e)

Don’t know

27.

What is the most common pricing benchmark used in South East Asia for products?

a)

FOB Arab Gulf

b)

MOPJ

c)

MOPS

d)

FOB Fujairah

e)

Don’t know

28.

What MCO grades make up the MCO OSP?

a)

Labuan, Miri, Ketapang, Kikeh

b)

Labuan, Medanito, Kidurong, Kimanis

c)

(Labuan, Tapis) + Alpha

d)

Labuan, Miri, Kikeh, Kimanis

e)

Don’t know

29.

Generally, a force majeure at a major crude oil exporting terminal will lead to…

a)

An increase in crude price

b)

A drop in crude price

c)

Don’t know

30.

Generally, a shutdown from a major gasoline exporting plant will lead to…

a)

An increase in gasoline price

b)

A drop in gasoline price

c)

Don’t know

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