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Course Detail
Module 1: International Oil Trader Academy - CLASSROOM
ICE Education and partners have combined their expertise to provide an innovative and practical programme covering all aspects of the physical crude oil, products and traded derivatives market through our market leading Oil Trader Academy.
With the global oil markets being subject to extreme volatility and change due to a series of geopolitical events, this is the ideal time and opportunity to understand the drivers of oil price movements and tools at your disposal to protect against and trade around your organisations market position.
October 2024 course is now FULL. January 2025 dates available. If you would like to go on a waiting list for October 2024, please email us at: [email protected]
Click here for the full course overview page.
Course Information
| Price | £4995.0 + VAT | ||||||
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| Duration | 5 days | ||||||
| Location | London | ||||||
| Available Dates |
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Who Should Attend
A course that blends concepts and examples of market fundamental supply and demand with the central elements of the traded physical oil market is designed to appeal to those new to oil trading, refiners, economists, analysts portfolio managers, risk managers, operations managers, brokers and other related front, middle and back office staff.
Booking Information
Course Content
Module 1: Physical crude oil & products trading
Day 1 Fundamentals of the Oil Industry
Demand in the oil industry
Demand drivers
Changes and developments
Supply in the oil market
Natural resources Unconventional supply
Shale revolution
Oil refining
Necessary link in the industry
Types of refineries
Economic challenges
A word on opec
Day 2 Overview of Trading
Contract types
Spot / Term / Forwards / Futures
FOB vs CIF
Trading crude oil
Choices in the industry
Who we are defines how we trade
Risk in oil trading
Contracts to manage risk
Clauses and their value
Benchmarks & pricing
Contango and backwardation
The value of the differential
The OSP and the risk in trading
Day 3 Shipping
Overview of the shipping industry
Vessel sizes and trading choices
Vessel acceptability
Costs and ownership
Charterparty types
Spot / Single Voyage
Term charter
Worldscale and freight calculations
Day 4 Crude Oil Pricing and Moving Oil from A to B
The Brent complex
Brent price relationships
Managing price risk in crude trading
Understanding exposure
Using futures
Swaps (CFDs)
Making a price in crude oil trading
Day 5 Products Trading
Differences between crude and products trading
Refining as a source of products
Quality issues in products markets
Price creation in product markets
Trading the arbitrage
Locational value
Understanding import and export parity
Making prices in products markets
Crack values