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: firstname.lastname@example.org
Held in conjunction with the MPGC Week Events 2020
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.
Independent Consultant, UK
Daniel Carr designed and ran the energy trading module for Warwick University Business School in England. At that time he was the European Representative of the HKMEx and for thirteen years was Vice President International Affairs of the New York Mercantile Exchange. This followed working as a director of ED&F Man’s oil broking business in London and New York. Previously Daniel was a director and oil trader, for crude and refined products for Mabanaft in London. For many years Daniel has run, internationally, courses and modules on oil trading and price risk management. Daniel was a founding director of the International Petroleum Exchange (now ICE).
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
Crude & Refined Products Traders
Pricing & Risk Managers
Middle & Senior Managers
Business Development Managers
Corporate & Strategic Planning Managers
Sales & Marketing Managers
Supply Operations Managers
Chartering / Operations Managers
Refinery Planners & Schedulers
Procurement & Purchasing Managers
Finance & Revenue Managers
Legal / Contract Managers
Analysts – Market, Credit, Business, Financial, Power, Trading, Marine & Commercial
Administrators / Logistics / Freight Officers
"Both lecturers have a deep understanding and are able to explain the concepts & ideas well, and provide practical examples too. The topic is also really interesting and useful for the career path."
"The trainers - both of them are superb!"
"Deep knowledge of commodity markets & trading."
"Very close to reality of oil trading. Lecturers are former traders so they know their subject very well"
"Practical examples helped to understand paper and physical trade very well. Course directors are experienced and have good presentation
"It covers basics to understand complex markets"
"Course was interactive and lecturers are good and experienced"
"Course directors are devoted, enthusiastic, knowledgeable, and experienced"
“Lessons are easy to digest. They start with basics and progress to complex modules.”
“This course’s strength is very detailed explanation with outstanding case studies.”