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International Crude Oil & Products Training

Who should attend: 
  • All those needing to gain or improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms such.
  • Petroleum and associated industries staff
  • Consultants, Bankers, Accountants, Lawyers, Analysts, Economists, Risk Managers, Stock Market personnel, etc
4 days
Course aims: 

To provide participants with a better understanding of the structure, the methods of operation, the uses and the impacts of physical, financial and paper markets for crude oil and petroleum products.

The course will help participants to analyse the parameters which influence prices of crude oil and petroleum products. As well as review the different oil trading markets by type of transaction. Understand the importance of transport costs in oil supply economics and hedging techniques available for protection against fluctuations in price

Course outline: 
  • World energy demand and supply
  • Petroleum reserves and classification of reserves
  • Supply and demand fundamentals and implications
  • Crude classification, evaluation and selection
  • Physical markets, mechanisms, pricing & price exposure
  • Introduction to oil trading and jargon
  • Trading Brent and Dubai
  • Refining & trading simulation
  • Hedging Instruments- forward & futures, crude forward contracts& terminology; Role of ICE/Nymex;
  • Briefing refining & trading simulation
  • Oil refining - main products; refinery configurations & yield variation; emissions & product quality, etc
  • Swaps markets
  • Refining & trading simulation - gas oil futures and mogas swaps; developing a trading strategy
  • International product trade flows and transport
  • Shipping, operations and contracts
  • Trading: options and risk management strategies
  • Market reporting and price assessment
  • Risk management exercise
  • Simulation results
  • Management issues - the major economic risks and controlling risks
  • Legal aspects of trading and contracts