£4,995.00 – £9,000.00

International Oil Trader Academy | ICE Europe | Winter Edition

20 - 31 January 2025

ICE Europe, London, UK

Introduction
Agenda
Participants
Instructors
Price
Certificate

Introduction

IBH and ICE Education have combined their expertise to provide an innovative and practical programme covering all trading concepts of the physical crude oil, products and derivatives markets through our leading Oil Trader Academy.

The Oil Trader Academy programme is structured as hands-on presentations followed by trading real market scenarios on computer simulations.

With the global oil markets being subject to extreme volatility and change due to a series of geopolitical events, this is the ideal time and opportunity to understand the drivers of oil price movements and tools at your disposal to protect against and trade around your organisation’s market position.

What will you Learn?

Review crude oil supply, demand and products
Understand crude oil refining, evaluation and selection
Explore physical and derivative oil markets, shipping and contracts
Understand of every facet of contemporary trade finance and how it impacts their assignment
Appreciate pricing formation, trading and price risk management
Learn about futures, swaps, options and over-the-counter markets
Become familiar with trading techniques and terminology
Participate in trading and hedging simulation exercises and improve negotiation skills

The Oil Trader Academy course offers an up-to-date and innovative look at trading petroleum products and includes a trader’s analysis of supply and demand, as well as underlining the key opportunities in the marketplace. The course will be fully interactive with teams analysing positions and learning through case studies and trading simulations.

This course comprises 2 modules. You can participate in the whole course or one of them:

Module 1
Module 2

Module 1: Physical Crude & Products Trading

January 2025 | ICE Europe, London, UK

This module explore trading mechanics, including demand, supply, refining, contract types and risk management, and delves into crude oil pricing, shipping, and the nuances of product trading. Participants will gain a solid foundation in the physical oil market’s complexities, ensuring a comprehensive understanding of industry fundamentals.

Module 2: Trading Simulation, Paper Trading & Price Risk Management

14 – 28 June 2024 | ICE Europe, London, UK

This module offers a hands-on approach to mastering Brent futures, trading best practices, and understanding refined product markets. Through simulations, participants learn to manage physical crude and product portfolios, optimizing refinery operations and navigating market structures. The course emphasizes practical skills in hedging, using swaps, and exploring arbitrage opportunities, preparing attendees to effectively manage price risk and leverage market dynamics for strategic advantage.

Agenda

Module 1 Physical Crude Oil & Products Trading

DAY 1. Fundamentals of Oil and Gas
Demand in the oil industry
Supply in the oil market
Oil refining

DAY 2. Overview of Trading
Trading crude oil
Risk in oil trading
Benchmarks and pricing

DAY 3. Shipping
Overview of the shipping industry
Charterparty types
Worldscale and Freight Calculations

DAY 4. Crude Oil Pricing and Moving Oil from A to B
The Brent complex
Brent price relationships
Managing price risk in crude trading

DAY 5. Products Trading
Price creation in a product markets
Making prices in a product markets

For more detailed information about this course, including enrollment and scheduling, please visit Oil Trader Academy – Module 1

Module 2 Trading Simulation & Price Risk Management

DAY 1. Understanf what Drives the Brent Futures Pice
Trading Best Practice
Physical Products, Freight and FOB/CIF
Physical Products Trading Simulation
Physical Crude Trading
Physical Crude Cargoes Trading Simulation

DAY 2. Refining and Storage Optimisation Simulation
Introduction to Refining
Refining Simulation
Spreads and Backwardation/Contango
Time Spreads Simulation
Storage Valuation and Optimisation
Storage Valuation Exercise
Trading Futures using Technicals

DAY 3. Swaps. Floating Price. Arbitrage
Floating Prices and Hedging
Hedging Physical Cargoes Simulation
Swaps and Hedging Spread Exposure
Hedging with Swaps Simulation
Geographies and Arbitrage Spreads
Gas oil Arbitrage Spreads Simulation
Arbitrage – Worked Example

DAY 4. Spread Trading Simulation
Using the paper derivative markets
Spread trading

DAY 5. How can Options Become Part of Your Trading Portfolio
Options 101
Inputs to the premium and pricing
Practical: Trading with Options

For detailed information and enrolment, please visit Module 2 – Oil Trader Academy

Oil Trader Academy Highlights:

Expert-Led Insights:

Learn from industry veterans with decades of experience in global oil trading markets.
.

Real-World Simulation:

Engage in real-market scenario for 5 days of hedging simulation exercises for an immersive learning experience.

Comprehensive Coverage:

Gain insights into crude oil supply, demand, refining, pricing formation, trading, and risk management.
.

Strategic Skills:

Learn to navigate price risks, employ trading techniques, and improve negotiation skills through hands-on trading and hedging simulations.

Global Perspective:

Appreciate the impact of geopolitical events on oil price movements and learn strategies to protect and leverage your organization’s market position.

CPD Accreditation:

Earn 80 CPD credits and a prestigious certificate of IBH and ICE Education, validating your learning and professional development.

Global Network

Connect with peers and industry leaders from around the world.

Who Should Attend?

The Oil Trader Academy programme will appeal to:

Oil and product traders
Refiners
Economists
Analysts portfolio managers
Risk managers
Operation Managers
Brokers
Related front
Middle and back office staff and all those needing to gain or improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms.

Instructors

Chris

He traded oil and energy in Europe, Africa, the Middle East and Asia during a career that spanned eighteen years.

He has worked for an oil major Total, a top trading company Sempra Energy Trading (Singapore), and investment banks. He has extensive experience in supply and trading for refining systems as well as the challenges of running proprietary physical trading books in Europe, Africa, and Asia.

His experience was rounded out with several years of trading derivatives for investment banks in the Asia-Pacific region. Since leaving trading in 2008 has taught finance and trading at top French business schools, presented corporate training in commodities and energy in France and abroad, and consulted with top European companies on trading and contract arbitration.

He is bilingual in French and English.

Stefan

He joined BP after graduating from Cambridge University. During his front-line trading career, he traded product derivatives, and both paper and physical Crude Oil. Then became Head of Fuel Oil Trading for Europe and the USA. In this Book Leader role grew the book significantly in both scope and profitability over 5 years. Was also heavily involved in BP’s trader selection, training and mentoring.

Paul

He has spent 20 years of his career working in oil trading. He was regarded as an industry expert in the area of trading operations for crude oils in the North Sea and Middle East before progressing to a senior leadership position within BP’s international trading division.

As Head of Supply was directly responsible for the trading teams which were optimising the purchase and risk management of 75 million m3 p.a. of petroleum products. More recently he was the Executive Chairman of Smart Global Trading.

Steve

He has over 20 years of experience working in the oil and gas industry, within the back, mid and front office. As an Equity Crude and Gas trader at BP, he helped build a complex portfolio of trading books based in Germany.

Has extensive experience developing risk management reporting, trader exposure and profit and loss systems for various clients. He has been a key participant in the design and development of simulation-based trader training programmes.

John

He has worked in the energy markets since 1986 when he joined Man International as a broker on the oil desk. He specialised in futures and options and qualified as a trader in the IPE option pit.

He executed the first principal OTC oil deals for Man and became head of the energy desk in London. He moved over to the OTC energy market in 1997 and worked for Koch Petroleum Group helping to develop their energy derivatives business.

Steve

He has worked in the oil industry for more than thirty years. From 2005 to 2014 he was Head of Research for Vitol and before that was Senior Vice President at KBC Process Technologies. He began his career at the oil industry consultancy Petroleum Economics Limited, where he was eventually Managing Director before its purchase by KBC. He is now running his own training and consultancy company, Montauroux Services Limited.

Testimonials:

“Happy to share the completion of the Oil Trader course, brilliantly organized by ICE and IBH in partnership with professors and renowned companies in the market”
Trader, Petrobras Brazil

“What makes the Oil Trader Academy stand out from the other trainings, is that everything you learned during the lectures you can then put into practice by trading on simulation soft that ICE and IBH set up for the course participants.“
Sammy Six

Price

Course price

Early Bird Price is available October 31st.

Full Course (All Parts): £8,495 (regularly £9,000)

Module 1: £4,500 (regularly £4,995)

Module 2: £4,500 (regularly £4,995)

*For UK companies VAT will be added to extra

Group booking discounts are available. Please contact us (office@ibhouse.net) for more information**

** For same company bookings when booked at the same time

What’s included?

Delegate Rate includes:

– Participation in the course
– Lunches and coffee breaks during the programme
– The course materials in hard copy and on USB device
– Up to 80 CPD credits Internationally Recognised Certificate of the IBH and ICE Education
– Visa support (if needed)
– Social programme

Payment options

Bank transfer

Card payment

Course Venue

– ICE Education
– Intercontinental Exchange (NYSE: ICE) operates leading regulated exchanges, trading platforms, and clearing houses serving the global markets for agricultural, credit, currency, emissions, energy, and equity index markets.
– Education Europe trades half of the world’s crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currency, and Russell Index markets.
– ICE offers trade execution and processing for the credit derivatives markets through Creditex and clearing through ICE Trust.
– Education
– Sancroft, Rose Street, Paternoster Square, London EC4M 7DQ

Travel and Accommodation

For your accommodation needs near ICE Education, we recommend the following hotels:

1) Hyatt Regency London Blackfriars (5*)
2) Leonardo Royal London St Paul’s (4*)
3) Lost Property St Pauls London, Curio Collection By Hilton (4*)
4) Club Quarters Hotel St. Paul’s, London

Please note that these are just recommendations and are not included in the course price. However, we are pleased to offer exclusive rates for these hotels when booked through our services.

For reservations and enquiries, please contact us via email at office@ibhouse.net.

Certificate

Demonstrate your new skills and gain a step up in your career with globally recognised CPD certifications.

Available Locations

Course Date

Clear

*Special group enrolment pricing

Fidan Abdullayeva
Project Coordinator
+442071834507
fidan.abdullayeva@ibhouse.net

Choose location & Register today

Speak to IBH team

IBH Frequently Asked Questions

Online: Choose the course you wish to register: Click the "REGISTER NOW" button in the course page, complete the form and click submit.
Email: Send us your course details with the delegates information at office@ibhouse.net
Telephone: Please call us on our Tel No: +44 (0) 207 183 4507 or Mob No: +44 7932 572866 to reserve your seats.

For corporate fees and group registration, please send your query to office@ibhouse.net

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We will send you the invoice within 48 hours of receipt of registration. If you do not received your invoice within this time, please send us an email office@ibhouse.net

We will send you the confirmation by email within 24 hours after you registration.

Yes. Please send the full name, position and company name of new participant 48 hours before course date.

If you notify International Business House in writing or via email up to 30 days before the start date of the course, you will receive a full refund less an administration fee of 100£ of the course fee. In addition if you are unable to attend, the following cancellation charges will apply for written notice received: 14-29 days before the course: 50%. 1-14 days before: 100%. If you are unable to attend a course, you are welcome to provide a delegate substitution, up to 24 hours prior to the course at no extra charge. If you wish to transfer to a different course a 10% admin charge will be made if the transfer occurs between 10-29 days before the course. If you fail to attend the course on which you are booked and have not given prior notice to International Business House then the course fee will remain payable in full. This cancellation policy is necessary owing to the strict limitation on attendance numbers. IBH reserves the right to amend or cancel any course, course times, dates or published prices. Changes to course prices, times and dates will be advised 30 days before the course

IBH reserves the right to amend or cancel any course, course times, dates or published prices. Changes to course prices, times and dates will be advised before the course start date and any course already paid in full will not be subject to the increased price.

IBH proved delegates with visa support letters once payment has been received.
Please send us to office@ibhouse.net the following information:

Your copy of passport
Company name
Position

If you registered with accommodation IBH will also provide you with hotel booking confirmation. For more information about visa procedure please visit our website or call us +44 (0) 207 183 45 07. Should your visa application be declined, we will provide a full refund of the payment.

Yes. Any of our open professional excellence courses can be run in-house to meet your company's specific needs. For more information please click here

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