Oil Supply and Trading Gold Courses

This course is designed to provide delegates with a comprehensive understanding of the production and the drivers of price and quality of fuel oil. Using this knowledge, the course then investigates the day-to-day aspects of the fuel and bunker markets and describes the supply chain and factors that influence it. In addition the course examines concerns of participants in the structural changes and the economic effects of such changes. Candidates will gain an understanding of why fuel prices and quality vary, and the effects of such volatility and how it can be mitigated.

On completion of the course all participants will have a thorough understanding of the day-to-day mechanics of the fuel market and in addition an understanding of the factors influencing the global market.

This course covers areas all aspects of communication that are likely to be encountered in negotiating international contract in the oil and gas industry. Delegates will learn how to make the right first impression, how to understand the dynamics of a negotiation with people from another culture, how to negotiate successfully in an international arena and how to avoid many of the pitfalls that may occur. Case studies and exercises will provide hands-on experience to enable delegates to improve their effectiveness in inter-cultural situations encountered when negotiating international contracts.

This two-day workshop covers psychological and technical aspects to asset-based trading in oil markets and will explore trading strategies under different market conditions in an asset-based framework. The course will introduce several examples of real options and asset Based/Backed Energy Trading Strategies such as cargo arbitrage, storage and blending.

The course will review key lessons from successful traders and a summary of findings from behavioral finance studies applied to trading decisions. We will introduce how to develop a disciplined trading approach incorporating fundamental and technical analysis, with emphasis on the main components of a formal trading plan, how to articulate decision drivers, and determining position sizes and quantify and control risk levels. We will also explore some of the main reasons why traders blow up, with examples from oil markets.

This course covers areas of dispute that may arise in the performance of international shipping and trading contracts. Using a mixture of current practice supported by legal interpretation and precedent, delegates will learn to avoid many of the pitfalls that may occur. Real case studies and exercises will provide hands-on experience to enable delegates to draft, interpret and operate oil trading contracts to minimise the risk of dispute. An on-going case study will simulate events taking place in an arbitration.

This course covers the basic principles of oil trading and the markets. Through a variety of case studies, delegates will learn the techniques involved in trading and how to address day-to-day problems. During the week, in a continuous theme case study, syndicate groups will manage their own company positions of production, refinery supply, product purchase/disposal and speculative trading, while reacting to new positions generated and changing market prices which simulate a live situation. Delegates will have the opportunity to trade both structured and live markets. It is recommended that delegates should have attended "International Oil Supply, Transportation, Refining and Trading" (SP1) or have working knowledge of the subjects covered in that course.

After reviewing the background of supply, refining and transportation, the course focuses on the key markets, pricing and the mechanisms involved in trading. Aspects of the various exposures encountered in trading are covered together with an introduction to price risk management. Syndicate exercises will address each skill required. Additionally, during the week, in a continuous theme case study, each syndicate group will manage their own company positions of production, refinery supply, product purchase/disposal and speculative trading, reacting to new positions generated and changing market prices which simulate a live situation. Delegates will have the opportunity to trade both structured and live markets.

This course provides an overview of the oil supply chain from upstream economics, transporting crude oil from source to the refinery through processing, trading and the retailing of oil products. It is designed for new entrants to the oil industry. This course is ideal for use as part of an induction programme or for bringing those transferring disciplines up to speed with the area. Those without prior knowledge of the oil industry may wish to familiarise themselves through our "Introduction to the Oil Industry" course. Through the medium of continuous case study, delegates will address day-to-day problems in order to understand the relevant commercial driving forces in this area.

After learning the fundamentals, delegates will cover the valuation of crude oil. Ocean tanker transport and freight will be explored together with a basic overview of terminals and pipelines. The structure of a refinery will be explained in the context of the need to produce marketable products. Key aspects of product quality will be covered together with the major refining processes needed to achieve them. The refining interface with petrochemicals, and retail/distribution will also be covered. The course moves on to cover oil markets and pricing and an introductory guide to paper markets and simple hedging.

32.5 Continuing Professional Development (CPD) credits awarded for this course. Authorised by The Law Society of England and Wales.

This course provides an overview of the oil supply chain from upstream, transportation of crude oil from the source to the refinery through processing, trading and distribution.

It is designed for new entrants to the oil industry. This course is ideal for use as part of an induction programme or for bringing those transferring disciplines up to speed. Those without prior knowledge of the oil industry may wish to familiarise themselves through our "Introduction to the Oil Industry" web-based course. Through the medium of continuous case study, delegates will address day-to-day problems in order to understand the relevant commercial driving forces in this area.

After learning the fundamentals, delegates will cover the valuation of crude oil. Ocean tanker transport and freight will be explored together with a basic overview of terminals and pipelines. The structure of a refinery will be explained in the context of the need to produce marketable products. Key aspects of product quality will be covered together with the major refining processes needed to achieve them. The refining interface with petrochemicals will also be covered. The course moves on to cover oil markets and pricing and an introductory guide to paper markets and simple hedging.

This course is designed to provide delegates with a comprehensive understanding of the production and the drivers of price and quality of fuel oil. Using this knowledge, the course then investigates the day-to-day aspects of the fuel and bunker markets and describes the supply chain and factors that influence it. In addition the course examines concerns of participants in the structural changes and the economic effects of such changes. Candidates will gain an understanding of why fuel prices and quality vary, and the effects of such volatility and how it can be mitigated.

On completion of the course all participants will have a thorough understanding of the day-to-day mechanics of the fuel market and in addition an understanding of the factors influencing the global market.

This four-day course provides delegates with a fundamental understanding of the trading and operational features within the international oil industry - from the selection, purchase, shipment and refining of crude oil through to the subsequent selling of the refined products that meet stringent sales specifications. Emphasis is placed on understanding and successfully resolving the practical issues encountered by professionals within the industry. In addition to formal presentations, delegates will actively participate in exercises and role plays to reinforce their understanding of the topics presented.

This four-day course provides delegates with a fundamental understanding of the trading and operational features within the international oil industry - from the selection, purchase, shipment and refining of crude oil through to the subsequent selling of the refined products that meet stringent sales specifications. Emphasis is placed on understanding and successfully resolving the practical issues encountered by professionals within the industry. In addition to formal presentations, delegates will actively participate in exercises and role plays to reinforce their understanding of the topics presented.

This course provides a comprehensive summary of the markets together with the techniques and range of trading instruments that are typically employed. The primary focus is the identification and management of the wide variety of risks that arise from the trading activity. The purpose is to enable delegates to design, critique and implement a control and monitoring regime within their own trading organisation; information from which could be utilised to report to senior management. Case studies are used to learn the techniques involved, which will be reinforced in syndicate groups where risk arising from a portfolio of positions is assessed.

Case studies will address each technique used in the management of risk. A continuous theme case study will also allow each syndicate to manage a portfolio of their own group positions. It is recommended that delegates should have attended TR1 or have a reasonable working knowledge of the subjects covered in that course.

The course commences with a recap of the markets and trading techniques, the instruments used, and the methodology of trading oil and derivatives. Within each trading area the risks are identified and available management tools are discussed in detail. The theory and mechanics of advanced instruments including swaps, CFDs, traded and OTC option are explained and the application of VaR in assessing a variety of risk is discussed in detail. Along with price risk, other areas of exposure will be addressed such as counterparty, credit exposure, trading limits and mark to market in-house position management.

This course addresses the risks associated with oil trading focused on price. Building on material taught in TR1, this course covers the more advanced aspects of price risk management. Case studies will address each technique used in the management of risk. The course commences with a half-day fast track recap of the key issues covered in TR1 prior to moving into the key issues – the identification of risk, the tools available and the mechanisms used to manage it. The theory and mechanics of advanced instruments including swaps, CFDs, traded and OTC option are explained. Their use in developing effective trading strategies is discussed and practiced in detail.

A case study with a continuous theme will also allow each group to manage a portfolio of their own group positions. Delegates will have the opportunity to trade both structured and live markets. It is recommended that delegates should have attended TR1 or have a strong working knowledge of the subjects covered in that course.

This advanced course is designed to provide delegates with a thorough understanding of the latest business techniques and refining technologies available to the oil supply, trading and refining industries, and highlights how the activities of these sectors may be optimised and synergised to maximise overall profitability. Through a variety of case studies, delegates will learn the principles of refinery planning and economics along with basic principles and techniques involved in trading and supply. Delegates will focus on the synergies between these sectors to maximise corporate profitability. Short-term operations and medium-term planning using linear programming and long-term investment decisions are addressed. It is recommended that delegates should have attended SP1 or have working knowledge of the subjects covered in that course. There are no pre-requisites for this course, nor is any advanced preparation required.