£2005 per delegate. This may be less for special offers on specific course dates and in-company training courses
Duration: 3 days
Trainer: E023CI
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Oil Price Risk Management
This intensive and interactive course focuses on the price risks involved in trading oil on the international markets. The course identifies the price risks involved and the use of exchange traded and OTC instruments in managing risk. You will compare the advantages and disadvantages of futures and OTC instruments and review the different trading procedures available and the profiles of the different hedgers in the market.
Who Should Attend
- Anyone who is affected by the changes in the international price of oil
- Oil industry personnel working in supply, trading, risk management, refining, finance, transport, exploration and production
- Oil trading and distribution companies
- Energy-related government departments and regulators
- Purchasing, planning, and finance departments in major energy consumers
- Energy publications
- Bankers, accountants, auditors and others associated with oil companies and oil financing
Course Content
Review of pricing mechanisms
- Fixed, floating, EFP's
- Physical vs forward vs futures
- The value of the differential
Understanding exposure
- When does price risk begin?
- Actively managing price risk
- What is hedging?
Hedging instruments
- Futures vs. swaps vs. options
Hedging with exchange traded products
- As a producer
- As a refiner
- As a consumer
Hedging with OTC products
- The underlying
- Rateable exposure
Comparative analysis
- Which instrument to use when and why?
This intensive and interactive course focuses on the price risks involved in trading oil on the international markets. The course identifies the price risks involved and the use of exchange traded and OTC instruments in managing risk. You will compare the advantages and disadvantages of futures and OTC instruments and review the different trading procedures available and the profiles of the different hedgers in the market.
Who Should Attend
- Anyone who is affected by the changes in the international price of oil
- Oil industry personnel working in supply, trading, risk management, refining, finance, transport, exploration and production
- Oil trading and distribution companies
- Energy-related government departments and regulators
- Purchasing, planning, and finance departments in major energy consumers
- Energy publications
- Bankers, accountants, auditors and others associated with oil companies and oil financing
Course Content
Review of pricing mechanisms
- Fixed, floating, EFP's
- Physical vs forward vs futures
- The value of the differential
Understanding exposure
- When does price risk begin?
- Actively managing price risk
- What is hedging?
Hedging instruments
- Futures vs. swaps vs. options
Hedging with exchange traded products
- As a producer
- As a refiner
- As a consumer
Hedging with OTC products
- The underlying
- Rateable exposure
Comparative analysis
- Which instrument to use when and why?
The course either has new dates in data loading, or is only run as a dedicated or In Company course.
Telephone Hotline
01933 233884
(Monday to Friday - 8:00am to 5:30pm).
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