Introduction to Trading and Oil Price Risk Management Training

Unit One examines physical trading economics in depth. Delegates will learn how to negotiate and cost deals, calculate profi tability, charter a ship and examine the contractual aspects of trading. They will make decisions as part of a crude oil and refi ned product trading team, maximizing profi ts through an understanding of the economics of trading and the management of inherent price risks.

Those attending Unit Two will build a sound understanding of the markets, gain practical experience in selecting and using a variety of risk management instruments, and learn strategies for their use in hedging and price management. This course will also cover the value of optionality, management control, and risk measures. As part of a trading team, 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 Petroleum Argus. As market conditions change, delegates will compare the performance of different instruments and learn to choose the appropriate one to meet their objectives.