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.

January Course is full, we are now taking bookings for February 2024

Click here for the full course overview page.

Course Information

Price £4,995 + VAT
Duration 5 days
Location London
Available Dates
Oct 14 2024  Register Now

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

Tel: +44 (0) 20 7065 7706

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