Training

International Oil Trading - Advanced Techniques and Strategic Price Risk Management


Learn more Date of Training
04 Jun 2018

This course covers the advanced trading techniques applicable to the management of price risk in international oil trading. Through a variety of case studies, delegates will learn the techniques involved in trading and how to address day-to-day problems of managing the price risk associated with the role of producer, refinery or consumer with an integrated trading position. Much of the work will be carried out in syndicate groups where delegates will learn to develop and manage trading strategies designed to maximise corporate profitability and reduce exposure to losses arising from the price fluctuations. It is recommended that delegates should either have attended TR0 or TR1 or have a strong working knowledge of the subjects covered in these courses.

After reviewing the background of supply, refining and transportation, the course focuses on the key markets, pricing and the mechanisms involved in trading. Aspects of the various exposures encountered in trading are covered. Advanced trading instruments of swaps, CFDs and options are presented in detail, both from a theoretical and practical point of view, giving the delegates an insight into the application of these instruments in the development and management of a successful trading strategy. Syndicate exercises will address each skill required, providing the delegate with the essential tools and knowledge to successfully manage the price and accompanying risks of their strategy. Additionally, during the week, in a continuous theme case study, each syndicate group will manage their own company positions of equity production, refining supply, product disposal and speculative trading, identifying the pricing risk of new positions and reacting to changing market prices which simulate a live situation.

Not sure if you have the appropriate experience? Click here to test yourself on the knowledge necessary for this course.

Please note: a laptop and up-to-date version of Office software would be an advantage in order to engage in market data; however, it is not essential.

Please take note of the number of training days listed in the schedule, as it varies with location.

What You Will Learn

  • The significance of freight costs key to trading and how these may be hedged
  • How international crude oils and products are priced
  • How to trade in the futures and forwards markets
  • How to use and understand the EFPs, swaps and CFDs
  • Option theory and the factors affecting options trading
  • The management of price risk within trading positions through the application of hedging techniques
  • Freight hedging
  • The development and management of successful trading strategies for the producer, refiner and the consumer
  • The essentials of constructing purchase/sale contracts and arising exposures

Maximise your learning experience by signing on to a Diploma Programme for our Gold Level Supply and Trading courses.



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Date of Training

04 Jun 2018

Oiloil tradingtradinginternational oilInternationalstrategic pricerisk managementoil trainingenergy trainingMennta

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