Introduction to trading and oil price risk management
- Available in-house
This intensive 5-day training course will teach delegates how to negotiate and cost deals, calculate profitability, charter a ship and examine the contractual aspects of trading. They will make decisions as part of a crude oil and refined product trading team, maximizing profits through an understanding of the economics of trading and the management of inherent price risks.
Who should take this course?
- Unit One will benefit anyone 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, market regulators, financial services, and elsewhere who interface with traders and trading.
- Unit Two is beneficial to those with a prior understanding of physical markets or who have taken Unit One and wish to learn more about derivatives and hedging. In addition it will benefit hose who interface with risk management in the industry; and those from banks, accountancy practices, and law firms.
Unit One examines physical trading economics in depth. Delegates will learn how to negotiate and cost deals, calculate profitability, charter a ship and examine the contractual aspects of trading. They will make decisions as part of a crude oil and refined product trading team, maximizing profits through an understanding of the economics of trading and the management of inherent price risks.
Those attending Unit Two will build a sound understanding of the markets, gain practical experience in selecting and using a variety of risk management instruments, and learn strategies for their use in hedging and price management. This course will also cover the value of optionality, management control, and risk measures. As part of a trading team, delegates will identify and manage the price risks of their trading book. They will trade the full range of derivative markets, most of them in real-time, using prevailing market prices from Reuters, Platts, and Petroleum Argus. As market conditions change, delegates will compare the performance of different instruments and learn to choose the appropriate one to meet their objectives.
UNIT ONE: Introduction to Trading - 2 days
Crude Oil Trading
Contracts and Trading
Chartering and Freight
Performance and Credit
UNIT TWO: Oil Price Risk Management - 3 days
Risk Management Instruments and Markets
Risk Management Techniques
Upcoming classroom dates:
- 12-16th November 2018 in London, United Kingdom
If you would like to book please contact the training team for more information.
- Training Team
- +44 (0)20 7467 7178