Aviation Fuels: Supply, Trading and Risk Management

Course

In Oxford, Uk and Singapore ((Indicate))

£ 1,800 + VAT

Description

  • Class hours

    3h

Suitable for: Anyone who needs to know more about the aviation fuels market including those working in refining, marketing, distribution, trading, operations, risk management, purchasing, credit, finance, contracts and IT within an oil company, airline, airport or aviation authority.

Facilities

Location

Start date

Oxford, Uk (Oxfordshire)

Start date

On request
Singapore ((Indicate))

Start date

On request

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Course programme

Course Summary
This three-day workshop provides an overview of the supply, trading and risk management of the aviation fuels market. The course covers the key building blocks of knowledge for anyone needing to understand the jet fuel and aviation gasoline markets. Topics explored include the basics of aviation fuel production and refining processes, aviation fuels quality and specifications, supply and logistics, market fundamentals of supply and demand, jet fuel trading, pricing mechanisms and the management of price risk. Delegates will get the chance to participate in industry case studies and trading and hedging simulations.

Market fundamentals

  • Supply

    • Key refining processes used to produce aviation fuels
    • Quality standards, including key international specifications
    • Blending and the use of additives
    • Possible future sources of fuel including the development of synthetic jet fuel

  • Demand

    • Demand characteristics: volumes and geographic distribution
    • Growth rates and future market trends: overvie- of developments for ne- aircraft and passenger and cargo traffic growth
    • Impact of environmental issues: fuel consumption reduction initiatives and emission restrictions


Distribution and logistics

  • Marine, pipeline, road and rail infrastructure
  • Airport fuel system operations

Aviation fuel trading and marketing

  • Trading patterns and trade flows
  • Factors driving aviation fuel prices
  • Pricing mechanisms and price sources

Price exposure and risk management

  • Impact of price volatility on fuel costs
  • Types of risk, including price and basis risk
  • Exposure and risk measurement
  • Tools for hedging: futures, forwards, swaps and options

Aviation Fuels: Supply, Trading and Risk Management

£ 1,800 + VAT