International Oil Trader Academy

International Business House

Course

Online

£ 4,795 VAT inc.

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Description

  • Type

    Course

  • Level

    Advanced

  • Methodology

    Online

  • Duration

    8 Days

  • Virtual classes

    Yes

Brought to you by IBH & ICE Education and now to be delivered VIRTUALLY.

We want you to continue your journey with us and make your trades with success. Our engaging and interactive Oil Trader Academy can now be accessed through our combined E-learning and provide you with the knowledge of oil trading environment.

The well-known Oil Trader Academy has become very popular among the traders and people in the industry by its strong modular structure and unique approach. This course is an opportunity to learn and develop through a blend of experience, valuable data and realistic trading simulations supported by wealthy experience of course experts.

Your 3 steps in E-Learning:

Pre-course: complete primer content and simulation tutorials
Live Virtual Sessions: attend trainers led LIVE video sessions with SIMULATIONS and interactive DISCUSSIONS
Post-course: revisit learning points one week post course live video clinic session

Course Content:

This course is split into two modules. Delegates can register for the full 8 day programme, or one of the 4 day modules. See the full course detail on each of the individual Module pages.

Module 1: Physical Crude & Products Trading - 6 - 10 September 2021 (Break day on 8th)

Module 2: Trading Simulation and Managing Price Risk - 13 - 17 September 2021 (Break day on 15th)

COURSE OUTCOME:

Review crude oil supply, demand and products
Understand crude oil refining, evaluation and selection
Explore physical and derivative oil markets, shipping and contracts
Appreciate pricing formation, trading and price risk management
Learn about futures, swaps, options and over- the-counter markets
Become familiar with trading techniques and terminology
Participate in trading and hedging simulation exercises and improve negotiation

About this course

This programme will appeal to those new to crude oil trading or those working in roles linked to the markets like: refiners, economists, analysts portfolio managers, risk managers, operations managers, brokers and other related front, middle and back office staff who need to understand the core aspects of how the physical and paper oil markets link together.

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Reviews

Subjects

  • Oil and Gas
  • Trading
  • Finance
  • LNG
  • Hedging

Teachers and trainers (5)

David Richards

David Richards

Lecturer

David Richards has over 30 years experience in the international oil and natural gas business with the BP Group. He gained a breadth of experience in senior management positions within the downstream marketing business in the UK, Europe and South Africa, involving Directorships in a number of BP subsidiaries.

Dr. Ken Mildwaters

Dr. Ken Mildwaters

World-renowned legal expert specialising in the field of natural resou

In a career spanning more than 30 years he has practised law as a partner with leading English and Australian law firms, Theodore Goddard, Jackson McDonald and Kott Gunning. Dr Mildwaters is a member of the faculty at the Centre for Petroleum and Mineral Law Studies at the University of Dundee. Globally, he has presented numerous papers and conducted workshops in the fields of natural resources law, joint ventures and joint operating agreement, negotiation skills and managing in-house legal functions.

John Fry

John Fry

Lecturer

Tom James

Tom James

Lecturer

Professor Tom James has built up 20 years of practical expertise in the Energy, Emissions and International Commodity markets. His broad experience covers investment and trading with a particular focus on Asian, Central Asian, and Middle East Markets.

Trevor Christmas

Trevor Christmas

Lecturer

Trevor Christmas has 30 years experience in the energy industry with BP, and more recently, with the IPE. At BP, he held senior management positions in London, Asia and the Americas mainly in trading and downstream. At the IPE, he was responsible for the Exchange’s marketing services worldwide in oil, gas and electricity.

Course programme

PROGRAMME. MODULE 1.

Physical Crude & Products Trading
6 - 10 September 2021
(Break day on 8th)

Delivery Schedule Module 1:
Start Time: 08.00 GMT, 12.00 Dubai, 16.00 Singapore
End Time: 14.00 GMT, 18.00 Dubai, 22.00 Singapore

6 September – Day 1
How to analyse the Oil markets

Supply and Demand Drivers
The crude oil supply and value chain
Building a market view

Break

Identifying key sources of information
Putting your analysis toolkit together
Adding the technical perspective

7 September – Day 2
Introduction to Oil Markets and Trading

What is trading?
Contracts and Clauses
Spot and term contracts
Incoterms and transfer of risk

Quantity and Quality: key elements and trading tools
- Timing: delivery dates and contract performance

Break

Payment and Credit terms: when and how you get paid
- Legal clauses: jurisdiction and applicable law
- Prices: fixed and floating prices

Prices and Pricing
- Reference prices for crude and products

Market structure and prices: contango and backwardation
- Timing of the Price Formula: choosing dates
- OSPs and the Market

Break day on 8th

9 September – Day 3
Shipping

Basics of oil tankers and operations
Choosing vessels: acceptability and vetting
Hiring vessels: markets and terms

Break

Charterparties: spot and term
Key clauses: laytime, demurrage, options
Freight rates: lump sum, dollar per tonne, Worldscale

10 September – Day 4
Prices, Risk and Hedging

Understanding Price Exposure: Long and Short
Hedging: basics of protecting a position
Derivatives: Futures, Swaps and Options

Break

Brent Complex: CFDs, DFLs, BFOET and the rest
Products prices: outrights, cracks and spreads
Arbitrage: risks and strategies.



PROGRAMME. MODULE 2.

Trading Simulation and Managing Price Risk
13 - 17 September 2021
(Break day on 15th)

Delivery Schedule Module 2:
Start Time: 08.00 GMT, 12.00 Dubai , 16.00 Singapore
End Time: 13.00 GMT, 17.00 Dubai, 21.00 Singapore

13 September - Day 1:

Derivatives
The current supply & demand situation
The difference between forwards, futures, swaps and options
How they are used in the crude oil market.
SIMULATION: Derivatives tutorial

Break

Trading Best Practice:
The various types of risk, how risk is measured and successfully managed by a trader.
SIMULATION: Brent flat price

14 September - Day 2:

Time Spreads:
What a forward curve is
The different types of market structure and how traders use time spreads.
SIMULATION: Brent time spreads

Break

Cargo Price Exposures:
- How crude oil is priced, what are crude differentials and lifting programmes.
SIMULATION: Crude differential trading

Break day on 15th September

16 September - Day 3:

Trading Opportunities
What geographical arbitrage is
The economics that need to be considered including chartering
How to hedge the associated price risks.
SIMULATION: Global arbitrage

Break

Price Risk Management
Being aware of the price risks connected with physical crude oil trading
How to manage risks effectively
The difference between arbitrage and unwinding hedges.
SIMULATION: Hedging tutorials

17 September - Day 4:

Storage
Why storage is valuable
Costs associated with storage
How storage can be optimised
SIMULATION: European storage optimisation

Break

Team Dynamics
How a trader can make money from a physical crude oil portfolio
Importance of evaluating opportunities quickly, hedging appropriately
Why teamwork is important.
SIMULATION: Crude equity portfolio optimisation

See related categories

International Oil Trader Academy

£ 4,795 VAT inc.

The best Oil and Gas Industry courses

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