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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.

'Just recently entering the industry, I consider myself lucky to have been able to gain knowledge offered by this course early in my career. "


Faculty

Faculty leading this presentation will depend on the delivery location. Please inquire for Faculty details.

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.

BAC: Mennta Energy Solutions is pleased to be endorsed by the BAC for Independent Further Education as a Short Course Provider. Endorsement covers courses delivered in the UK only.

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

Oil Trading Orientation (CLASSROOM) - OTO


Course Schedule

Date Time Location Price* Registration Deadline**
12-14 Sep 2022
Register
9:00-5:00pm
Houston, TX
$ (USD) 3,390.00
12 Aug 2022

*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

Oil Trading Orientation is a three-day instructor-led course presented by the energy training experts at Mennta Energy Solutions.  This workshop is ideal for non-traders wishing to know more about the world of oil trading, or for delegates who are at the very beginning of an oil trading. Delegates will learn the terminology and key building blocks of knowledge for crude oil and petroleum product trading. They will also receive a first-hand perspective of what a trader's job involves, through competitive team trading simulations focusing on different aspects of trading and risk management. Topics explored include crude oil quality, product refining, blending and specifications, market fundamentals, technical analysis, key trading strategies, pricing mechanisms, derivatives trading, risk management and the mechanics of trading and operations.


Who Should Attend?

Class delegates include anyone who needs to know more about oil trading - everyone from support staff, analysts, accountants and management in the areas of trading, supply, risk management, credit, finance, contracts, IT, operations, transportation and storage.


Course Content

  • Crude oil quality and characteristics
  • Crude oil market sectors and trading regions
  • Crude oil pricing and netback valuation
  • Spot, term and forward markets
  • Benchmark crudes and the Brent and WTI markets
  • Purposes of oil trading
  • Key trading strategies
  • Spread trading
  • Market fundamentals
    • Supply and demand trends
    • Imports, exports and trade flows
    • Inventories
  • Paper and derivatives markets
    • Futures
    • Exchange of Futures for Physical
    • Exchange
    • traded options
    • Swaps and Basis Swaps
  • OTC options
  • Risk management, exposure and hedging
  • VAR and measurement of risk
    • Tactical hedging with futures
    • Hedging with options
    • Hedging with swaps and basis swaps
    • Basis risk
    • Operations and marine, pipeline, road and rail transportation logistics
  • Mechanics of trading, contracts and negotiations
  • Technical analysis
  • Key refining processes
  • Product blending and specifications
  • Major trading patterns and locations
  • Refinery economics and trends in refining
  • Refined product consumption patterns and trends
  • Key value drivers in product markets
  • Product trading strategies
  • Price differentials and arbitrage
  • Refining economics
  • Storage plays
  • Forward curves, backwardation and contango

During the course, delegates get hands on experience of many aspects of trading through team exercises and trading simulations. These include:

  • Competitive crude oil trading simulation with supply and speculative trading requirements to meet in a fast-moving, news-driven market
  • Valuation and ranking of crude oils based on quality and netbacks
  • Competitive products trading simulation with arbitrage and storage play strategies
  • Fast-paced competitive technical trading simulation
  • Tactical hedging of cargo trades using derivatives and paper markets
  • Competitive hedging strategy simulation
  • Team-based deal negotiation exercise

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