Oil Supply, Shipping and Trading - London
This course will investigate the mechanisms for trading physical oil, freight, shipping and derivatives to optimise margins and achieve profit targets. The interdependence between oil markets and ship chartering will be extensively explored, revealing links to the derivative markets and the use of trading tools.
Course dates
Attend this practical and interactive 3-day training course and enhance your knowledge on the following key areas:
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Physical markets and pricing
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Oil contracts
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Crude evaluation and selection
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Freight and shipping
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Hedging instruments – futures and swaps
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Product markets and reading the market
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Freight outlook and use of freight futures
- Management issues
Course overview
Understand the role of trading in oil shipping and operations. This course will investigate the mechanisms for trading physical oil, freight, shipping and derivatives to optimise margins and achieve profit targets. The interdependence between oil markets and ship chartering will be extensively explored, revealing links to the derivative markets and the use of trading tools.
This course will help you to:
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Understand oil supply & demand and the implications for trade
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Examine oil contracts in relation to markets, pricing & evaluation of crude
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Study crude evaluation & selection
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Consider freight & shipping
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Learn to read the market and monitor exposure book
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Examine hedging instruments
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Develop trading strategies using a range of tools
Plus – refining & trading simulation
Teams will compete to achieve optimum profits and margins by applying the course theory to 'real life' trading with the help of live market screens.
Day 1
General introduction
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Administration and delegate introduction
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Course overview
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Evolution of oil demand and supply
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Predicted oil supply and demand and implications for trade
Physical markets and pricing
Oil contracts
Crude evaluation and selection
Freight and shipping - Henry Curra, ACM Shipping Ltd
Day 2
Briefing, refining and trading simulation (round 1)
Hedging instruments – futures and swaps
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Pricing exposure/keeping an exposure book
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Crude oil forward markets
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Review of futures contracts and terminology
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Hedging example using futures
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Basis risk and forward curve
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Swaps
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Technical analysis
Briefing, refining trading simulation (round 2)
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Crude hedging with futures/basic risk
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Hedging strategy and position management
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Refinery nominations (crude type and mode of operation)
Product markets and reading the market
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Demand and supply for the main products
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Pricing benchmarks/Platts etc
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Arbitrage and trade
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Role of traders
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Main factors driving prices
Day 3
Freight outlook and use of freight futures
Briefing, refining and trading simulation (round 3)
Management issues
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Control lessons learnt
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The major economic risks
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Controlling risks
Simulation results
Course summary and close
Central London Hotel, London, United Kingdom
This programme takes place on a non-residential basis at a central London hotel. Non-residential course fees include training facilities, documentation, lunches and refreshements for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, prior to the course the delegate will receive full Joining Instructions which will detail how to book accommodation close to the training venue. Alternatively delegates can visit www.euromoneytraining.com/accommodation to view a list of preferred hotels in Central London.
As with all Euromoney Training programmes on-site administrators will be with you at the beginning of the programme to ensure smooth administration and group interaction.
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David Richards
David Richards has over 30 years experience in the international oil and natural gas business with the BP Group. He gained a breadth of experience in senior management positions within the downstream marketing business in the UK, Europe and South Africa, involving Directorships in a number of BP subsidiaries.
Courses run by this instructor
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Trevor Christmas
Trevor Christmas has 30 years experience in the energy industry with BP, and more recently, with the IPE.
At BP, he held senior management positions in London, Asia and the Americas mainly in trading and downstream.
At the IPE, he was responsible for the Exchange's marketing services worldwide in oil, gas and electricity.
Courses run by this instructor
Interested in holding this course in-house? Please fill out your details and a member of our team will be in touch with more information.
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Course dates