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Course Level
Introduction
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
24
Pre-requisites
There is no pre-requisite for this course.

"The instructor was very knowledgeable and always took the time to answer questions that were asked." Shell Trading

Faculty

Mary Jackson has over twenty-five years' experience in the energy industry. After university she began her career at BP, working in the information management group, before joining the Manufacturing, Supply and Trading department. She subsequently worked at Saladin as a consultant, working closely with clients throughout the world and providing consultancy advice on energy market analysis, trading and risk management. In several senior roles at Saladin, she managed the energy consulting team, ran the energy market information service and directed strategy for new software and information product development.

Since 2000, Mary has worked as an independent energy market consultant and she formed Kingston Energy Consulting with Nigel Harris in 2002. Kingston Energy provides consultancy services to companies involved in energy markets and trading. A key area of work has been the European natural gas market - Kingston Energy has researched and authored a well-respected report on European natural gas trading which has been published annually since 2004.

Mary has lectured regularly for Mennta Energy Solutions on energy markets, trading and risk management and is also a regular speaker and panel member at public conferences. She has written articles for industry publications including Harts Energy Markets, Energy Risk, Global Energy Business and Petroleum Review.

Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org


CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.


GARP: Mennta Energy Solutions is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits.

Aviation Fuels: Supply, Trading and Risk Management (CLASSROOM) - AV1

Course Schedule

Date Time Location Price* Registration Deadline**

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.

Course Summary

Aviation Fuels: Supply, Trading, and Risk Management is an instructor-led course presented by the energy training experts at Mennta Energy Solutions. This three-day workshop provides an overview of the supply, trading and risk management of the aviation fuels market. The course covers the key building blocks of knowledge for anyone needing to understand the jet fuel and aviation gasoline markets. Topics explored include the basics of aviation fuel production and refining processes, aviation fuels quality and specifications, market fundamentals of supply and demand, jet fuel trading, pricing mechanisms and the management of price risk. Delegates will get the chance to participate in industry case studies and trading and hedging simulations.

Who Should Attend?

Anyone who needs to know more about the aviation fuels market including those working in refining, marketing, distribution, trading, operations, risk management, purchasing, credit, finance, contracts and IT within an oil company, airline, airport or aviation authority.

Course Content

Aviation fuel trading and pricing

  • Purposes of trading
  • Trading patterns and trade flows
  • Trading strategies, including arbitrage and use of storage
  • Factors driving aviation fuel prices
  • Pricing mechanisms and price sources
  • Contract terms

Fundamentals of supply and demand

  • Key refining processes used to produce aviation fuels
  • Factors affecting quality standards
  • Quality considerations and use of additives
  • Possible future quality trends including the development of synthetic aviation fuels
  • Refinery economics and trends
  • Demand characteristics: volumes and geographic distribution
  • Trade flows

Distribution and logistics

  • Aviation fuel distribution chain
  • Overview of marine transportation
  • Overview of pipeline transportation

Price exposure and risk management

  • Impact of price volatility on fuel costs
  • Types of risk, including price and basis risk
  • Exposure and risk measurement
  • Risk management and reasons for hedging
  • Tools for hedging:
    • Overview of futures and swaps
    • Options-based hedges: use of caps, floors, collars, call spreads and three-ways
    • Basis risk and the use of basis swaps

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