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 (energy), London, UK
All Euromoney Energy Training courses are held at four or five star venues in Central London, Zone 1. We strive to provide you with a training environment of the highest quality, to ensure that the whole learning experience exceeds your expectations.
Your training venue will be confirmed by one of our course administrators approximately 3-4 weeks before the course start date.
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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.
19-22 Jun 2012 (London, UK)
This Euromoney Energy Training course examines markets, pricing and products to provide you with a thorough overview of the sector. The course will explore mechanisms and tools for both physical and financial oil trading allowing unparalleled access to the world of trading, its role within the oil industry and its importance in the success of oil companies. You will leave this course with a thorough understanding of the workings of crude oil markets and the range of contracts, tools and techniques available to traders.
25-27 Jun 2012 (London, UK)
17-19 Dec 2012 (London, UK)
This Petroleum Company Performance Management training course has been designed to offer personnel from corporations and financial institutions a full compliment of tools to use most effectively in developing and analysing the corporate performance measures for oil and gas companies.
23-26 Apr 2012 (London, UK)
25-28 Sep 2012 (London, UK)
The Commercial and Trading Aspects of Oil Refining course will provide you with in-depth knowledge of the refining business and an understanding of how trading/hedging can improve margins and reduce risk. Discover how to optimise refinery margins and manage the profitability of commercial refining.
23-25 Apr 2012 (Accra, Ghana)
This Introduction to the Oil and Gas Industry training course will provide you with an understanding of how the industry works from exploration to commercialisation and will introduce you to oil and gas operations and economics.
20-24 Aug 2012 (London, UK)
This Euromoney Energy Training course provides a comprehensive overview of the oil and gas industry from upstream exploration and production to downstream refining, sales and marketing. You will gain an appreciation of industry dynamics and the key issues affecting its development and future. This course will provide a thorough foundation for understanding the changing industry dynamics.
15-17 Feb 2012 (London, UK)
17-19 Oct 2012 (London, UK)
This Euromoney Energy Training course provides a comprehensive overview of the oil and gas industry from upstream exploration and production to downstream refining, sales and marketing. Under the guidance of our expert course faculty, participants will gain an appreciation of industry dynamics and the key issues affecting its development and future.
16-18 May 2012 (London, UK)
Euromoney Energy Trainings Petroleum Sales Contracts course is designed to give attendees a comprehensive understanding of crude oil, natural gas and refined products markets and the sales contracts that are utilised for transactions through the supply chain.
29-31 Oct 2012 (London, UK)
This course is designed for professionals who need to develop an understanding of the unique aspects of the energy industry, including the oil and gas commercialisation and business development or facilities evaluation and commercialisation.
The course will focus on the skills required in evaluation (both buyside and sell-side), financing, acquisition, and exploitation planning for an oil and gas entity, a midstream facility or electrical generation plant.
11-15 Jun 2012 (Singapore, Singapore)
A 3-day course designed to provide participants with in-depth knowledge of oil products, oil trading, market participants and fundamentals such as pricing.
17-19 Sep 2012 (London, UK)
23-25 Apr 2012 (Singapore, Singapore)
19-21 Nov 2012 (Singapore, Singapore)
16-19 Jul 2012 (London, UK)
4 days of course modules that focus on the review and examination of the key elements of the supply chain from upstream activities of exploration, development and production through transportation to downstream sector that involves trading, refining, petrochemicals and final distribution to the consuming markets.
28-30 May 2012 (London, UK)
This Fundamentals of Crude Oil Valuation & Pricing course covers everything you need to know about how oil is traded and priced in the international market. The course covers the valuation and pricing of physical cargoes of crude oil, as well as how derivatives such as oil futures and swaps are structured.
18-20 Jul 2012 (New York, United States)
This course will give you an in-depth introduction to petroleum refining technology and economics. The focus is on transportation fuels refineries, however, petrochemical production and biofuels are also discussed. The first part of the program includes an
overview of crude oil supply and petroleum product demand. This is followed with a description of refinery process technology. Key refining technologies are described such as crude oil distillation, heavy oil conversion options, hydrotreating, and catalytic reforming.
12-15 Nov 2012 (Hong Kong, Hong Kong)
4 days of course modules that focus on the review and examination of the key elements of the supply chain from upstream activities of exploration, development and production through transportation to downstream sector that involves trading, refining, petrochemicals and final distribution to the consuming markets.
20-22 Aug 2012 (Hong Kong, Hong Kong)
This course is designed for professionals who need to develop an understanding of the unique aspects of the energy industry, including the oil and gas commercialisation and business development or facilities evaluation and commercialisation.
The course will focus on the skills required in evaluation (both buyside and sell-side), financing, acquisition, and exploitation planning for an oil and gas entity, a midstream facility or electrical generation plant.
25-27 Sep 2012 (Singapore, Singapore)
This Fundamentals of Crude Oil Valuation & Pricing course covers everything you need to know about how oil is traded and priced in the international market. The course covers the valuation and pricing of physical cargoes of crude oil, as well as how derivatives such as oil futures and swaps are structured.
23-26 Apr 2012 (New York, United States)
4 days of course modules that focus on the review and examination of the key elements of the supply chain from upstream activities of exploration, development and production through transportation to downstream sector that involves trading, refining, petrochemicals and final distribution to the consuming markets.
25-29 Jun 2012 (London, UK)
Energy Finance School: Upstream, Midstream & Downstream Oil, Gas & LNG Projects - London
20-22 Aug 2012 (London, UK)
22-31 Oct 2012 (Hong Kong, Hong Kong)
17-20 Sep 2012 (London, UK)
This four day training course is specifically designed for
professionals involved internationally in the oil and gas
industry, it offers a unique opportunity to rapidly
increase your understanding of the legal issues involved
in various international scenarios and to improve your
techniques and skills in drafting a variety of
international contracts.
Course dates