OIL TRADING AND PRICE RISK MANAGEMENT
COURSE OVERVIEW & LEARNING OUTCOMES
Participants will learn how oil and gas are traded, the various crude types and markets. They will be taught oil marketing and how to negotiate and cost deals, and calculate profitability. This course exposes attendees to ship chartering and understanding the contractual aspects of trading. Participants then form teams to simulate a crude and refined products trading exercise. They are made to gain an appreciation of maximizing profits through an understanding of the economics of trading and the management of inherent price risks. Participants will also be exposed to price risk and instruments to manage it.
TARGET PARTICIPANTS
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Crude Oil Marketing Teams
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Finance Teams
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Commercial Teams
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Economists
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Planners
EXAMPLE MODULES
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ntroduction to Trading and Markets
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Crude Oil Trading
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Products Trading – brokerage costing and quality valuation
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Contracts and Trading
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Deal Processing
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Chartering and Freight
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Identifying and Managing Risks
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Options and Optionality
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Instruments to Manage Price Risk
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Trading Controls
DURATION
5 Days
LOCATIONS:
Houston