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- 1. Multiple Choice
What is the estimated global crude oil demand?
~70 mbd
~10,000 kbd
~100 mbd
~80 mbd
- 2. Multiple Choice
Which region is Brent crude from?
North Sea
North America
North Asia
Asia Pacific
- 3. Multiple Choice
In 2018, Saudi Arabia is the largest crude oil producing country.
True
False
- 4. Multiple Choice
The United States has a crude oil production of approximately __ mbd.
15
20
8
5
- 5. Multiple Choice
API is a measure of how heavy or light a petroleum liquid is compared to water
True
False
- 6. Multiple Choice
Crude oil with Sulphur content of > 0.5% is "____".
Sweet
Bitter
Sour
Umami
- 7. Multiple Choice
The crude assay provides indication of the parameters below EXCEPT for:
Value
Cut point
API
Sulphur
- 8. Multiple Choice
Sweet crude is known to be produced in the following regions EXCEPT:
West Africa
North Sea
North Africa
Middle East
- 9. Multiple Choice
PETRONAS Entitlement of MCO is approximately ___.
700 kbd
500 kbd
400 kbd
1 mbd
- 10. Multiple Choice
Which of the following is a condensate amongst the following MCO grades?
Kebabangan
Miri Light
Kidurong
Penara
- 11. Multiple Choice
What is the condensate requirement at PSR-1?
75 kbd
18 kbd
58 kbd
28 kbd
- 12. Multiple Choice
The following are typical critical parameters for bunker fuel EXCEPT
Viscosity
Pour Point
Reid Vapour Pressure
Sulphur
- 13. Multiple Choice
How many countries are there in OPEC?
10
12
13
14
- 14. Multiple Choice
Contango means:
The forward price of a futures contract is higher than the spot price.
The backward price of a futures contract is higher than the spot price.
The forward price of the futures contract is lower than the spot price.
- 15. Multiple Choice
If a gasoline trader maintains a long position, he/she believes that the future price of gasoline will
Rise
Fall
- 16. Multiple Choice
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:
5 ppm
100 ppm
0.05 %
50 ppm
10 ppm
- 17. Multiple Choice
What is the global Sulphur Oxide limits mandated by the International Maritime Organization for all ocean-going vessels come Year 2020?
3.5 %
5.0 %
0.5 %
0.1 %
- 18. Multiple Choice
Which of the below is NOT one of the criteria that makes a good benchmark?
Liquidity
Geographical
Transparency
Reliability
- 19. Multiple Choice
In our MCO OSP, which of the below is NOT a crude grade that makes up the MCO Alpha?
Labuan
Kikeh
Kidurong
Kimanis
- 20. Multiple Choice
In a candle stick graph, which of the below represents the solid (black) candle?
Price opens higher than the closing price of the candle
Price opens lower than the closing price of the candle
Price opens the same than the closing price of the candle
Price opens at the "lowest point" and closes at the "highest point"
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