Event Details

A 3 Day Course on International Oil Trading and Price Risk Management

Venues:
Singapore :

7th Oct 2013 - 9th Oct 2013


(Early Bird Cut off Date: 26th Aug 2013)
 

About the Event

This course is designed to give delegates a comprehensive picture of the markets, risks and activities involved in the international trading of crude oil and refined products. It is presented through the medium of an international oil company and trading and hedging decisions are taken by delegates in the environment of live market conditions prevailing at the time of the course.

Conference Connection and Invincible Energy have been working together for over 10 years, bringing successful courses specializing in the commercial aspects of oil trading and price risk management to Singapore and the Middle East.

The International Oil Trading and Price Risk Management (ITRM) course was launched in 2001 in Singapore by Invincible Energy and Conference Connection and has been successfully held more than twenty (20) times since.  Singapore is the anchor venue for the course, held twice each year. It has also been held in Dubai, Bahrain, Geneva, Switzerland, Venezuela, and South Africa amongst other locations.  Participants from nearly 200 companies have attended the ITRM course.

Click here to view a summary of participating companies and countries represented respectively for previous courses.

Advanced Price Risk Management was launched as an advanced course and as an add-on to ITRM.  This is an in-depth course to understand hedging instruments and the techniques and practice of price risk management in the oil industry.  This is hosted in Singapore annually.

Key Issues to be Covered

You will understand:

  • How prices on the international free markets are established and what influences the markets
  • Crude oil and refined product pricing & trading
  • How OTC markets trade
  • Basic options theory
  • Oil trade finance and documentation
  • The basic principles of management control

Course Director(s)

Daniel Carr, Partner, Invincible Energy

Daniel Carr is the European Representative of the HKMEx and previously was Vice President - International Affairs for the New York Mercantile Exchange. Prior to joining NYMEX he spent thirteen years as a crude oil and refined products trader with Mabanaft before moving on to be a director of ED&F Man's oil futures broking division, working in both London and New York. Daniel was also a director of the International Petroleum Exchange (now ICE).

Howard Skipp, Partner, Invincible Energy

Howard Skipp started his career with Shell as a refinery engineer and had a variety of oil supply, trading and marketing jobs in Europe, Malaysia and Korea. These involved supply/refining, international oil trading teams and marketing of aviation fuel, marine fuels and marine lubricants. His career also included recruitment for Shell International and running the training programmes for Shell's international oil trading.

Sally Clubley, Partner, Invincible Energy

Sally Clubley has been a freelance consultant specialising in price risk management, since 1989. Previously, she was a futures broker with ED&F Man, becoming the director of the oil division in London. During her time there she was on the board of the IPE. Prior to that she was technology editor of European Chemical News. She is the author of Trading in Oil Futures and Options.

Michael Jarvis, Partner, Invincible Energy

His positions have included Refinery Process Engineer in the UK and Venezuela, Supply and Trading Manager in New York, Marketing Manager International Aviation, Marine Lubricants and Bunker Sales in London, and Vice-President Crude Oil Trading in Houston.

Any 2 Course Directors per venue

Why You Should Attend

By the end of the course you will be able to:
 
  • NEGOTIATE, cost and compare deals
  • WRITE a contract for the purchase and sale of crude oil and refined products
  • CALCULATE freight costs using Worldscale and charter a ship
  • TRADE futures, Singapore swaps and forward markets for hedging and price risk management
  • CALCULATE the profitability of deals
  • IDENTIFY price risk and hedge
  • MANAGE refinery margin risk

Who Should Attend

  • Crude Oil/Fuel Oil & Gas Traders
  • Petrochemical & Feedstock Traders
  • Senior Management in Market Analysis/Economic Analysis/International Markets Analysis
  • Operations Assistants
  • Trading/Risk & Business Analysts
  • Commercial Managers
  • Financial Managers
  • Purchasing Managers
  • Managers, Trading Risk
  • Supply/Trading & Distribution Managers
  • Business Development Managers
  • Supply Chain Optimiation Managers
  • Sales & Marketing Managers

What Others Have Said About the Event

"Very important learning experience"
"High level of in-depth and current knowledge of the lecturers"
"An enriching experience"
"Fantastic atmosphere and excellent lecturers"
"Exercises with real numbers"
"A broad overview of the market given by professionals"
"Clear concise explanations"
"Exercises, visuals information and interaction between speakers and audience"
"Provides a well rounded understanding of oil trading for the unitiated"
"Precise and concise in providing a basic understanding of oil trading and price risk management"
"Clear explanations without too much jargon"
"Very detailed and comprehensive presentation covering all the essential topics"

Past & Present Participating Companies

  • Acanthus Petroleum
  • ACE Shipping Consultancy
  • ADNOC Distribution
  • AP Oil International
  • Arabian Oil Company
  • Astmax Co.,
  • Australia & New Zealand Banking Group
  • Autoridade Nacional do Petroleo
  • Bellbrook
  • BP
  • Caltex
  • Cargill International Trading
  • CCC Chemical Commerce Co
  • Chevron Indonesia Company
  • Chevron Thailand Exploration and Production
  • Chevron USA Inc.
  • ChevronTexaco Global Trading
  • China Offshore Oil (S) Int'l
  • Citibank
  • CNODC
  • Concord Energy
  • ConocoPhillips
  • Dong Yuan International
  • Dubai Multi Commodities Centre
  • Emirates General Petroleum Corp (EMARAT)
  • Energy Equity Resources
  • Energy Intelligence
  • ENI Trading & Shipping S.p.a
  • ENOC Supply & Trading LLC
  • ExxonMobil Asia Pacific
  • Far East Oil Terminal Two (M) Sdn Bhd
  • Galana Oil Kenya
  • Galaxis Advisory LLC
  • Ginga Petroleum
  • Global Energy Resources
  • Global Manor International
  • Global Risk Management
  • GS Caltex Corporation
  • Gulf Energy Limited
  • Gulf Petrol Supplies (L.L.C)
  • Gunvor Singapore
  • Hass Petroleum (K) 
  • Hengyi Industries Sdn Bhd
  • HoangLong-HoanVu JOC
  • Hyundai Oilbank Company
  • Invincible Energy
  • IRPC PCL
  • Isla Petroleum & Energy
  • Itochu Petroleum Co (Singapore)
  • Kemaman Oil Corporation Sdn Bhd
  • KIC Oil & Gas Sdn Bhd
  • Koch Refining International
  • Kuwait National Petroleum Company
  • Kuwait Petroleum Corporation
  • Libyan Emirates Refining Company
  • Litasco Middle East DMCC
  • Lukoil Asia Pacific
  • LUKOIL Asia Pacific
  • Macquarie
  • Macquarie Fixed Income Currencies & Commodities
  • Masefield
  • MEG Energy Corp
  • Melrose Resources Egypt Co.
  • Metro PL International
  • Middle East Energy FZCO
  • Ministry of Oil and Gas
  • Mitsui Oil (Asia)
  • Mogas International
  • Morgan Stanley
  • Morgan Stanley Dean Witter Capital Group
  • Natixis Singapore Branch
  • Neptune Orient Lines
  • Nexen Marketing Singapore
  • O.W Bunker Far East (S)
  • Occidental of Oman Inc
  • Opet Trade (Singapore)
  • Overseas Oil Trading Co. (Pvt)
  • Pacific Islands Forum Secretariat
  • PERTAMINA
  • Petro Progress
  • Petrobras Singapore
  • Petroliam Nasional Bhd
  • Petrolimex Singapore
  • PetroSA 
  • Pilipinas Shell Petroleum Corp.
  • Prestige Marine Services
  • PT Exspan Nusantara
  • PT Patra
  • PT Shell
  • PT Tranaco
  • PTT Exploration & Production Public Co
  • PTT Plc
  • PTTEP
  • Qaiwan Group
  • Qatar Petroleum
  • Raffemet
  • Reliance Industries (ME)
  • Reuters
  • Sabah Shell Petroleum Company
  • Samsung Total Petrochemicals
  • Santos
  • Sarawak Shell Berhad
  • Saudi Aramco
  • Saudi Petroleum
  • Senoko Power
  • Shell
  • Showa Shell Sekiyu K.K.
  • Singapore Exchange Limited
  • Singapore Petroleum Co
  • Singapore Refining Company
  • SK Corp
  • SK Energy
  • S-Oil
  • Star Petro Energy LLC
  • Statoil Asia Pacific
  • Swiss Singapore Overseas Enterprises
  • Thai Oil Public Company Limited
  • The Shell Company of Thailand
  • Tipco Asphalt (Public) Co.,
  • Titan Petchem (M) Sdn bhd
  • TOTAL
  • United Bunkering & Trading (Asia)
  • Veritaoil
  • Viewsino
  • Vitol Asia
  • Woodside Energy

Organizer

Organised By:

Fees

Full Fee US$ 3245 per person
Early Bird US$ 2920 per person
Team/Group Fee US$ 2920 per person (2nd & subsequent delegate)
Joint Attendance Fee US$ 4865 per person

Associated Event

A 2 Day Course on Advanced Price Risk Management

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