This five-day program is composed of two major segments: during the first half of the course, attendees learn how refineries select and value various crude oils and how the ‘gross product worth’ within a refinery contributes to establishing the market value and choice of crude oils available in the international marketplace. The second part focuses on how to negotiate and evaluate cost of 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, participants will gain the skills to manage their trading book, understand risk management instruments, 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.
| Program Type | |
|---|---|
| Location | |
| Dates | November 2 – 6, 2026 (London, UK) |
$7,440
The program will benefit both those currently involved in the downstream marketing and supply trading undertakings and those that are in associated and support functions to these core marketing functions. It is also ideal for analysts 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.
Crude Oil
Oil Refining
Logistics
Oil Products
Processing
Introductory Material
Crude Oil Trading
Products Trading
Contracts and Trading
Tendering
Chartering and Freight
Performance and Credit
Risk and Exposure
Risk Management Instruments
Risk Management Techniques
Trading Controls
