Update 2022:
These Oil 101 videos were our first attempt at creating educational content many years ago. We have since fully updated our Oil 101 course which now is over 2.5 hours of video content (11 modules averaging 12-15 minutes each).
Within the course, you get access to videos and ebooks as well as assessments at the end of each lesson. A certificate of completion is offered at the end of the course.
You can find our complete catalogue of oil and gas training courses here:
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Oil 101 - Introduction to the Oil and Gas Industry
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What is Contango?
A contango market occurs when prompt crude oil prices fall below those further out in the future. There are futures contracts for each month going out many years. These prices reflect the market’s current as well as future expectations of oil prices.
Plotted in a chart with time on the x-axis and oil prices on the y-axis, these points create what is called the oil price ‘curve’.
