Petroleum Engineering courses as a finance major for Trading
I go to a large state school that offers a program for finance students to take certain petroleum engineering courses if they are interested in energy finance/ IB and other stuff. The main classes I would take would be Petroleum project evaluation and deterministic reserves evaluation. I know this would be especially useful for IB, but what about standard commodity trading positions/ S&T? Any comments are appreciated
Nothing is bad but I don't think petroleum engineering is particularly useful. It's actually not a common background for oil/gas traders, who tend to either come from finance backgrounds or chemical/mechanical engineering.
It's also not super useful for actually forecasting petroleum production in my experience, which depends more on corporate strategy, how much companies are guiding, what willingness there is to produce at a given price, etc. The science involved just doesn't go that deep given the available data to work with over a large area. Chemical engineering is in my view more useful than petroleum engineering in oil/products trading because understanding how a refinery works gives valuable insight to understand what crudes they want and what products they are producing.
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