International Oil Trading: Physical & Paper: A 2-Day Course

A practical step-by-step approach to structure a physical or paper trading deal through the highs and lows of the pricing cycle

Location: Kingdom of Bahrain

Venue: Four Seasons Hotel Bahrain Bay (Check The Map)

Starts: 18 Nov 2020

Ends: 19 Nov 2020

Type: Course

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MPGC Week 2020 from 15 to 19 November


The International Oil Trading (IOT) Course, held in conjunction with MPGC Week 2020, originally scheduled for 1 – 2 April 2020, has been re-scheduled to 18 – 19 November 2020.

This announcement follows our earlier communication on the postponement of MPGC 2020, following the global outbreak of COVID-19. Our top priority continues to be the safety and well-being of all stakeholders in the MPGC community from over 50 countries that have given their annual support and commitment to the conference.

Six other Middle East Petroleum & Gas Week 2020 events being held in the same week, will also be re-scheduled to 15 – 19 November 2020:

Conference Connection is fully committed to delivering a successful conference and all the week’s activities for NOCs, IOCs, Traders, Analysts, Refiners, Financial Institutions, Ship owners, Technology and Service Providers to discuss the direction of the global oil markets.

For further inquiries and clarification, please contact us Tel: +65 6338 0064 or Email: info@mpgc.cc

 

  Held in conjunction with the MPGC Week Events 2020

Event Objectives

This comprehensive 2-Day oil trading course on PHYSICAL & PAPER will guide all delegates through the fundamental principles of oil trading and price risk management, with practical aspects conducted in a predominantly workshop environment, working in small groups on frequent case studies to develop an understanding of trading practices and risk. You will learn how to follow a deal from beginning to end, from negotiation to writing a contract, calculate shipping and other costs, determining the risks and how to manage them. In addition, wherever possible real oil market prices and live market conditions will be used in the case studies.

Oil prices continue to be volatile, making an understanding of the mechanisms of market pricing and of trading and price risk management essential for everyone involved in the commercial areas of the oil industry. The past few years have seen volatility across all crude oil and refined product markets. All those involved in the industry, or who need to purchase or sell oil, need to be aware of how these markets work, how to adapt to changing market conditions and how to deal with price uncertainty.

 

Additional venue:

Course Director

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Key Trading Strategies & Methodologies

How to negotiate and write a contract

Develop an understanding of trading
practices and risks

Determine and manage the risks of a deal

Measure price exposure and how to hedge

Using swaps and futures

Comparing deals and calculating profitability

Course Outline

  • Background and introduction to oil trading – highlighting the differences between fuel oil and marine diesel
  • International price reporting
  • Mechanics of trading – including freight, chartering and legal contracts
  • Price exposure – how to identify it, the difference between supply and price exposure
  • Oil futures and swaps – the difference
  • Hedging – how to manage the price risks identified using futures and swaps
  • Clearing function and regulation
  • Case studies and exercises

What You Will Learn

  • Write a contract for the purchase and sale of crude oil and refined products
  • Identify price exposure and how to hedge it
  • Use swaps and futures to practise basic hedging techniques
  • Trade futures and swaps
  • Negotiate cost and compare physical and paper deals
  • Calculate the freight and the costs
  • Identify and manage the risks in physical oil trading
  • Compare and calculate the profitability of deals
  • Identify corporate and legal issues in physical and paper deals
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Who Should Attend

Crude & Refined Products Traders

Pricing & Risk Managers

Directors

Middle & Senior Managers

Business Development Managers

Corporate & Strategic Planning Managers

Sales & Marketing Managers

Business Originators

Commercial Managers

Supply Operations Managers

Chartering / Operations Managers

Refinery Planners & Schedulers

Procurement & Purchasing Managers

Retail Managers

Finance & Revenue Managers

Legal / Contract Managers

Company Secretaries

Analysts – Market, Credit, Business, Financial, Power, Trading, Marine & Commercial

Administrators / Logistics / Freight Officers

Testimonials

Media Sponsors

Get In Touch With Us!

+65 6338 0064
+65 6338 4090
iot@ccacademy.co

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