The course is an opportunity to gain an understanding of the workings and practices of the international crude oil markets. The programme includes workshops and group trading games to demonstrate how to apply theory in practice. Duration: 3 Days
Who Should Attend: - If your work is affected by the changes to the international price of oil - Oil industry staff working supply, trading risk management, refining, finance, transportation and E&P - Oil trading and distribution companies - Energy-related government departments - Purchasing, planning and finance departments in major energy consumers - Energy publications - Bankers, accountants, auditors and others associated with oil companies and oil financing.
Crude oil trading and market volatility: - Outright price risk - Taking a view
Crude oil evaluation: - Chemical characteristics of crude oil - Assays and gross product worth
Crude oil pricing: - Pricing mechanisms - Physical vs forward vs futures - The value of the differentials
Physical oil trading: - The value in contractual clauses - Timing and shipping - Freight costs and chartering
Physical arbitrage: - Definition and mechanism - Timing and shipping - Freight costs and chartering
Trading decisions: - Risk assessment - Hedging instruments - Basic hedging techniques - Workshop - Team trading game
The course either has new dates in data loading, or is only run as a dedicated or In Company course.