• Trading International Crude Oil

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Course Overview

 

This intensive and highly interactive two-day course is designed to give delegates a better
understand of crude oil trading in a safe environment. Delegates gain exposure, knowledge and
understanding of the workings of the world of crude oil trading and is designed for oil & gas traders. The course is a combination of lecture, syndicate work, case studies and a trading game.

 

This program is designed for :

• Energy, Oil & gas, Commodity traders
  
• Energy Trading Firms
  
• Trading Managers
  
• Financial, Business & Commercial Analysts
  
• Portfolio & Planning Managers
  
• Oil & Gas Financial Consultants
  
• Oil & Gas Equity Analysts
  
• Oil & Gas Executives in Banking & Corporate Finance
  
• Risk Consultants, Risk Managers
  
• Credit Risk Analysts

 

Benefits:

• ANALYSE the market performance oil and gas investments and their future outlook
• LEARN to trade products in the oil and gas market successfully
• DEVELOP a thorough understanding of the various trading techniques and methods
• IDENTIFY market risk and learn to control them effffectively
• APPLY practical strategies and technical analysis to mitigate risk factor in energy trading
• LEVERAGE on energy derivatives to hedge prices and risk exposure

 

Course Outline

 

DAY 1

Trading markets
Physical
- Spot
- Forwards
- Term
OTC
- Swaps
- Futures
- Options
Forward curves
OTC vs Cleared

 

Supply and demand issues
Crude Oil reserves
Production
Supply and Consumption
Geopolitics and National Oil Companies
Storage

 

Transportation
Tankers
World scale
Pipelines

 

Oil pricing
Pricing mechanisms
Price exposure

 

DAY 2

Crude evaluation and refining
Classification and assay
Gross product worth (GPW)
Simple distillation
Cracking

 

Contracts and trading
Market locations and participants
Contracts
Trading specifications
Price quotation
Trading limits
Settlement and delivery

 

Benchmarks
What is a benchmark?
What makes a grade a benchmark?
Main global benchmarks
- WTI
- ASCI
- Dubai
- Brent
- Tapis

 

Brent
Dated Brent
BFOE – 21 Day
ICE Brent
The EFP premium
CFD’s
Bwave

 

Pricing methodology
Platts
Petroleum Argus

 

Technical analysis
Types of charts
- Line
- Bar
- Japanese candlestick
- Market profile
Support and resistance levels
Trends lines
Major reversal patterns

 

Trading simulation
Delegates will take the part of a trading department of an integrated oil company selling their equity crude and buying additional cargos to feed one of their two refineries. The simulation increase in speed and complexity as the situations unfold and develop.
Delegates are encouraged to take on different roles within the team during the simulation to experience the various functions of a trading department.

 

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