International Oil Trading - Advanced Techniques and Strategic Price Risk Management (VIRTUAL CLASS) - TR2V 

CPE Credits Awarded: 20
Categories: Trading, Derivatives, Hedging and Risk Management, Oil Industry, Oil Supply and Trading, Refining, Shipping and Bunkering, Petrochemicals, LPG, Global Association of Risk Professionals (GARP) Approved Course

Course Date Duration Venue Price Registration Deadline Register
09 Aug 2021 5 Days Globally Online - New York City & London Time Country: us
$ (USD)2,100.00
2 Jul 2021

UPCOMING SCHEDULE DETAILS

9-13 August 2021
 New York City Timing  London Timing
Session 1: 9 August 2021 
 9:30am - 1:30pm EST  14:30 - 18:30 BST
Session 2: 10 August 2021
 9:30am - 1:30pm EST  14:30 - 18:30 BST
Session 3: 11 August 2021  
 9:30am - 1:30pm EST  14:30 - 18:30 BST
Session 4: 12 August 2021   9:30am - 1:30pm EST  14:30 - 18:30 BST
Session 5: 13 August 2021    9:30am - 1:30pm EST  14:30 - 18:30 BST

COURSE SUMMARY

International Oil Trading - Advanced Techniques and Strategic Price Risk Management is a VIRTUAL instructor-led course presented by the energy training experts at Mennta Energy Solutions. This course covers the advanced trading techniques applicable to the management of price risk in international oil trading. Through case studies, delegates will learn the techniques involved in trading and how to address day-to-day problems of managing the price risk associated with the role of producer, refinery or consumer with an integrated trading position.

The course focuses on the key markets, pricing and the mechanisms involved in trading. Aspects of the various exposures encountered in trading are covered. Advanced trading instruments of swaps, CFDs and options are presented.

WHO SHOULD ATTEND?

The content of TR2V is such that delegates who consider attending will ideally either be experienced in the basic principles of oil trading. Trading personnel who need to increase their knowledge of derivatives, personnel within the back or mid-offices, interacting daily with the trading function, staff who interface with the trading sector and require a better understanding of trading practice such as management accounting, controllers, treasury or supply functions and professionals in associated fields (e.g. legal and banking) who wish to increase their knowledge of practical derivatives used by the oil industry.

COURSE CONTENTS

Product Trading

  • How to sell a cargo
  • Brokers and traders
  • Trading strategies
  • World product markets
  • Arbitrage
  • Product specs and quality
  • Implied values of quality
  • Intermediate valuation

Crude Trading

  • Trading strategies, putting on a position/taking it off
  • The world of crude oil markets and how they work
  • Market fundamentals
  • Hedging and basis risks
  • Pricing techniques
  • Contract risks
  • Arbitrage
  • Term deals
  • Counterparty evaluation/selection

Technical Analysis

  • Charting
  • Statistical/rule based

Basis Risks

  • Grade (Brent v. WTI)
  • Region (Med. V. US Gulf)
  • Time (Spot v. +1)
  • Contact (Forward v. Futures)

Introduction to Advanced Instruments

  • Spreads and basis trading
  • CFDs and swaps
  • Options

Swaps

  • The markets
  • Contracts for Differences
  • Pricing mechanisms
  • Trading strategies
  • Swaps v. Futures or Forwards
  • Margining
  • Master swap agreement

Traded Options

  • Terms used
  • Puts and calls
  • Buying v. selling
  • Risk v. obligations
  • Simple trading strategies
  • Option valuation and Black Scholes
  • In/out of money
  • Premiums
  • Instrinsic values and time values
  • Volatility historic and implied
  • Significance of, gamma, delta, vega, theta
  • OTC Options, American, Asian, European

Trading Strategies

  • The producer
  • The refiner
  • The consumer
  • The management and assessment of pricing risk

FACULTY

DR CARLOS BLANCO is a financial risk management expert with over 20 years of diverse experience in energy markets. He has worked with some of the largest energy and commodity market firms worldwide providing educational, advisory services and software solutions.

He is the managing director of analytic solutions for Ascend Analytics. He has advised risk groups and senior management in oil, gas, power, mining and trading firms on various matters related to the risk management process including risk policy, hedging strategy, risk model development and validation, risk appetite and risk metrics.

Dr. Blanco is an active faculty member for Mennta Energy Solutions since 2004, and he has conducted a wide range of energy derivatives hedging, pricing and risk management seminars worldwide. A frequent conference speaker and writer, he has coauthored over 150 articles for Energy Risk Magazine, Commodities Now, Energy Metro Desk, Oil and Gas Journal and others.

He is a former VP Risk Solutions at Financial Engineering Associates, Inc (a MSCI/BARRA Company), where he managed the market risk suite of products as well as the firm’s product support and professional services group. He also taught finance at the University of California, Berkeley, and the ABN AMRO Academy.

UK: (+44) 1865 250521   |   USA: (+1) 713 343 1699   |   Singapore: (+65) 6809 1170

 

Email us at info@mennta.com

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Mennta Energy Solutions (formerly The Oxford Princeton Programme, Inc.) is not affiliated with Princeton University, Oxford University, or Oxford University Press.