Supply Chain Essentials and International Oil Trading and Price Risk Management Training

Unit One provides an essential understanding of the fundamentals of the supply and processing of oil. Delegates will learn how refi neries view and value various crude oils and how the ‘gross product worth’ within the refi nery contributes to establishing the market value and choice of crude oils available in the international market place. They will learn how choice of crude affects the resultant product quality from the refi nery and how the complexity of the processing hardware impacts on refi nery margins. This two day course will provide a valuable lead-in to the International Oil Trading and Price Risk Management offering.
Exercises and extensive debriefs will supplement the presentation material and will allow delegates to improve their understanding of the processing system and the logistics and challenges of scheduling activities.

Unit Two course examines trading economics in depth. Delegates will learn how to negotiate and cost deals, calculate profi tability, charter a ship through a broker, and examine the legal and operational aspects of trading. They will also gain the skills to identify and manage risk by using futures, forwards, and over-the-counter markets.
Delegates 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 the inherent price risks. They will manage their trading book and make decisions using real-time crude oil and refi ned product markets worldwide from Reuters trading screens and daily price reports from Platts and Petroleum Argus. The corporate position will be marked to market and reviewed daily, with comprehensive debriefs studying the consequences of the decisions made.