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PRICE & MARKET KNOWLEDGE FINAL

Total questions: 20

Worksheet time: 6mins

Name
Class
Date
1.

What is the estimated global crude oil demand?

a)

~70 mbd

b)

~10,000 kbd

c)

~100 mbd

d)

~80 mbd

2.

Which region is Brent crude from?

a)

North Sea

b)

North America

c)

North Asia

d)

Asia Pacific

3.

In 2018, Saudi Arabia is the largest crude oil producing country.

a)

True

b)

False

4.

The United States has a crude oil production of approximately __ mbd.

a)

15

b)

20

c)

8

d)

5

5.

API is a measure of how heavy or light a petroleum liquid is compared to water

a)

True

b)

False

6.

Crude oil with Sulphur content of > 0.5% is "____".

a)

Sweet

b)

Bitter

c)

Sour

d)

Umami

7.

The crude assay provides indication of the parameters below EXCEPT for:

a)

Value

b)

Cut point

c)

API

d)

Sulphur

8.

Sweet crude is known to be produced in the following regions EXCEPT:

a)

West Africa

b)

North Sea

c)

North Africa

d)

Middle East

9.

PETRONAS Entitlement of MCO is approximately ___.

a)

700 kbd

b)

500 kbd

c)

400 kbd

d)

1 mbd

10.

Which of the following is a condensate amongst the following MCO grades?

a)

Kebabangan

b)

Miri Light

c)

Kidurong

d)

Penara

11.

What is the condensate requirement at PSR-1?

a)

75 kbd

b)

18 kbd

c)

58 kbd

d)

28 kbd

12.

The following are typical critical parameters for bunker fuel EXCEPT

a)

Viscosity

b)

Pour Point

c)

Reid Vapour Pressure

d)

Sulphur

13.

How many countries are there in OPEC?

a)

10

b)

12

c)

13

d)

14

14.

Contango means:

a)

The forward price of a futures contract is higher than the spot price.

b)

The backward price of a futures contract is higher than the spot price.

c)

The forward price of the futures contract is lower than the spot price.

15.

If a gasoline trader maintains a long position, he/she believes that the future price of gasoline will

a)

Rise

b)

Fall

16.

EURO Sulphur Content specification are mandatory environmental directives issued by the European Union (European Commission, Parliament, Council, and Member States) as well as industry standards developed by the European Standards Organization (CEN).


A Euro V spec means that the sulphur limit is at:

a)

5 ppm

b)

100 ppm

c)

0.05 %

d)

50 ppm

e)

10 ppm

17.

What is the global Sulphur Oxide limits mandated by the International Maritime Organization for all ocean-going vessels come Year 2020?

a)

3.5 %

b)

5.0 %

c)

0.5 %

d)

0.1 %

18.

Which of the below is NOT one of the criteria that makes a good benchmark?

a)

Liquidity

b)

Geographical

c)

Transparency

d)

Reliability

19.

In our MCO OSP, which of the below is NOT a crude grade that makes up the MCO Alpha?

a)

Labuan

b)

Kikeh

c)

Kidurong

d)

Kimanis

20.

In a candle stick graph, which of the below represents the solid (black) candle?

a)

Price opens higher than the closing price of the candle

b)

Price opens lower than the closing price of the candle

c)

Price opens the same than the closing price of the candle

d)

Price opens at the "lowest point" and closes at the "highest point"