This course offers a comprehensive overview of all operations for the international trading of crude oil and refined products, guiding attendees to make the most cost-effective decisions in areas under their control. Participants gain a thorough understanding of stock management, oil blending, the importance of quality considerations, the interaction between operators and traders, and operational factors that affect profitability and avoid product leakage. They learn the impact of price exposure and price risk management on traders’ decisions and the knock-on effects for operations, and the essential areas of documentation and legal issues surrounding trading. They also gain the skills to use Worldscale to charter a ship.
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$2,100
Out of stock
This course is beneficial to those new to oil operating procedures or those with a need to understand the importance of operations on trading profitability. This includes back- and middle-office personnel such as finance, banking, shipping, and others supporting the front-office. Additionally, those managing trading functions wishing to eliminate profit leakage will also benefit from participating in this course.
IHRDC’s Virtual Courses run with 4 hours of online instruction each day, with a blend of learning formats consisting of live interactive lectures by an experienced industry specialist, group discussions of case studies, team assignments as well as group exercises.
