Course attendees learn how to negotiate, structure and cost deals, calculate profitability, charter a ship through a broker, and examine the legal and operational aspects of trading. As decision makers on a crude oil and refined product trading team, they will gain the skills to identify and manage risk by using futures, forwards and over-the-counter instruments. They manage their trading book and make decisions using current market pricing of crude oil and refined product markets worldwide as seen in daily price reports from Platts and Argus.
This course will benefit anyone coming into trading from elsewhere in the industry; those in supply and marketing functions looking for a wider understanding of the market; those in oil companies, banks, law firms, accountancy practices, the media, and elsewhere who interface with traders and trading. Those moving into oil markets from the financial markets, or elsewhere, will also find this course beneficial.