Trading Oil on International Markets

Energy Institute

Training

In London

£ 200 VAT inc.

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Description

  • Type

    Training

  • Level

    Intermediate

  • Location

    London

  • Duration

    5 Days

  • Start date

    Different dates available

This five-day program provides delegates with a comprehensive understanding of the economics of trading and the management of
inherent price risks. Delegates will learn how to negotiate and cost deals, calculate profitability, charter a ship through a broker, and
examine the legal and operational aspects of trading. They will also gain the skills to identify and manage risk by using futures, forwards,
and over-the-counter markets.
During the practical exercises, delegates work as part of a trading team and make decisions using real-time information and prices from
Thomson Reuters trading screens and daily price reports from Platts and Petroleum Argus to manage and maximize the profit of a fictional
trading book. Invincible’s corporate position will be marked to market and reviewed on a daily basis, with comprehensive debriefs studying
the consequences of the decisions made.

Facilities

Location

Start date

London
See map
61 New Cavendish Street, W1G 7AR

Start date

Different dates availableEnrolment now open

About this course

Provides you with an introduction to crude oil and refined
product trading and price risk management
Covers all aspects of a traded deal: negotiation, economics,
freight and other costs, profit and loss calculations
Introduces price exposure and all the price risk management
instruments including futures, swaps, forwards, and options
Looks at hedging, market structure, and trading control

This course will benefit those coming into trading from elsewhere
in the industry; those in supply and marketing functions
looking for a wider understanding of the market; those in oil
companies, banks, law firms, accountancy practices, the media,
and elsewhere who interface with traders and trading; and those
moving into oil markets from the financial markets or elsewhere.

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Reviews

Subjects

  • Market
  • Risk
  • Trading
  • Swaps
  • Energy Markets
  • Energy Derivatives
  • International
  • IT risk
  • Freight
  • Legal issues
  • Tendering
  • Risk management techniques
  • Contracts and Trading
  • Trading Controls
  • Products Trading
  • Risk and Exposure
  • Crude Oil Trading
  • Performance and Credit

Course programme

Introductory Material

Introduction to Trading and Markets

Price Reporting

Pricing Mechanisms

Crude Oil Trading

International Pricing of Crude Oils

Crude Oil Trading

Brent / BFOE Market

Products Trading

Mechanics of Trading Products

Oil Brokering

Costings

Comparing Alternative Outlets

Arbitrage Trading

Valuing Product Quality

Contracts and Trading

Negotiating a Deal

Writing a Contract

Calculating the Profitability of Deals

Spread Trading

Contango and Backwardation

Exchange for Physical (EFP)

Legal Issues

Tendering

Preparing and Evaluating a Tender

Chartering and Freight

Calculating Freight Costs using Worldscale

Chartering a Ship

Calculating Demurrage

Freight Exposure and Swaps

Performance and Credit

Client / Counterpart Risk

Documentation

Risk and Exposure

Identifying and Minimizing Risks in Trading

Price Exposure

Separation of Price and Supply

Risk Management Instruments

Futures Markets

Forward Markets

Swaps and OTC Markets

Introduction to Options

Comparison of Instruments

Risk Management Techniques

Hedging with Futures and Swaps

Basis Risk

Refinery Margin Management

Technical Analysis

Trading Controls

Managing a Corporate Position and Mark to Market

See related categories

Trading Oil on International Markets

£ 200 VAT inc.

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