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Commercial Oil Operations and Logistics Training

By: International Human Resources Development Corporation (IHRDC)

United Kingdom

17 - 21 Jun, 2019  5 days

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GBP 2,600

Venue: London, U.K.

This course provides delegates with a comprehensive picture of the importance of operations in the international trading of crude oil and refi ned products. Delegates will learn the role of operations in the downstream supply chain and how to make the most cost-effective decisions in areas under their control. Exercises, using real-time data available at Thomson Reuters facilities, will demonstrate the effect that prices and freight rates have on decisions and how profit leakage can be understood and controlled. Delegates will benefi t from comprehensive debriefs and discussions of the decisions made throughout the course.
By participating in this course, delegates will understand stock management, oil blending, the importance of quality considerations, the interaction between operators and traders, and operational factors that have an effect on profi tability. They will learn the impact of price exposure and price risk management on traders’ decisions and the knock-on effects for operations, as well as the essential areas of documentation and legal issues surrounding trading. Delegates will also gain the skills to use Worldscale to charter a ship.

London, U.K. Jun 17 - 21 Jun, 2019
GBP 2,600.00
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Nnamdi Akwiwu 08033014101