This extensive course on oil trading examines physical trading operations and economics along with an in-depth explanation of risk management instruments and techniques. Delegates will learn how to negotiate and cost deals, calculate profitability, charter a ship and examine the contractual aspects of trading. They will make decisions as part of a crude oil and refined product trading team, maximizing profits through an understanding of the economics of trading and the management of inherent price risks. The program will also cover the value of optionality, management control, and risk measures. During exercises, delegates will identify and manage the price risks of their trading book. They will trade the full range of derivative markets, most of them in real-time, using prevailing market prices from Reuters, Platts, and Argus. As market conditions change, delegates will be asked to compare the performance of different instruments and learn to choose the appropriate one to meet their objectives.
| Program Type | |
|---|---|
| Location | |
| Dates | June 8 – 12, 2026 (London), November 9 – 13, 2026 (London) |
$7,440
This course will benefit anyone coming into trading from other segments of 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, market regulators, financial services, and others who interface with traders and trading.
It is also beneficial to those with a prior understanding of physical markets who wish to learn more about derivatives and hedging. In addition, it will benefit those who interface with risk management factors in the industry; and those from banks, accountancy practices, and law firms.
Introductory Material
Crude Oil Trading
Products Trading
Contracts and Trading
Processing
Chartering and Freight
Performance and Credit
Risk Identification
Risk Management Instruments and Markets
Options
Optionality
Risk Management Techniques
Price Management
Trading Controls
