Join today the next International Oil Trader Academy, 14-25 October 2024, ICE Europe, London
£4,995.00
The Oil Trader Academy programme is structured as hands-on presentations followed by trading real market scenarios on computer simulations.
Visit Oil Trader Academy page to learn more.
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.
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.
Module 2 – the “Trading Simulation, Paper Trading & Price Risk Management” program by IBH and ICE Education Europe in London, UK, is a 5-day comprehensive training covering various aspects of trading, risk management, and price analysis within the oil and gas industry.
Participants will actively participate in simulations and practical exercises, gaining valuable hands-on experience. The program equips attendees with a deep understanding of trading practices, emphasizing the effective use of derivatives and options in managing trading portfolios.
Available dates:
Trading Best Practice
– Trading best practices and discipline
– Useful trading rules
Physical Products, Freight and FOB/CIF
– What are Refined Products and their main uses
– How are Products priced and traded
– Understand Worldscale and Freight rates
– How to trade Products cargoes on a FOB and CIF basis
Physical Products Trading Simulation
– Manage a portfolio of physical Products longsand shorts
– Negotiate and enter deals, book ships, manage cargo movements
Physical Crude Trading
– How Crude Oil is produced and exported
– What determines the value of different Crude Oils
– How Crude Oil is priced and traded, benchmark pricing
Physical Crude Cargoes Trading Simulation
– Buy and Sell cargoes of North Sea and West African Crude Oil
– Understand how refinery yields affect Crude differentials
– Appreciate the importance of liquidity in physical Crude markets
Introduction to Refining
– Basic Crude distillation and complex refining
– Refinery Optimisation activities
– Calculate Refinery margins and Crude pecking orders
Refining Simulation
– Manage a Refinery: Buy Crude and sell Products
– Calculate Refinery margins and adjust run rates accordingly
– Optimise your Refinery, switch Crudes as prices change
Spreads and Backwardation/Contango
– What are spreads and how are they calculated
– Why do traders use spread
– Market structure – Contango/Backwardation
Time Spreads Simulation
– Trade upto 3 different spreads on European Gas Oil
– Understand how spreads react to fundamental news
Storage Valuation and Optimisation
– Contango markets: What do “carry” and “full carry” mean
– Valuing Storage and hedging Storage trades
– Optimising Storage: Intrinsic and Extrinsic value
Storage Valuation Exercise
– Value Storage offers and bid for capacity
– Design and execute hedging strategies for your storage
Storage Optimisation Simulation
– Use futures to manage a portfolio of physical oil and tankage
– Move oil in and out of storage as you react to market structure
– React to the volatility of time spreads and maximise extrinsic value
Trading Futures using Technicals
– Why use technical trading
– Common indicators used in technical trading; Trendlines; Moving
– Averages; Line/Candlesticks/Bar/Point & Figure; Retracements; Continuation and Reversal signs; – — Volume and Open Interest
– Examples of Technical Trades in current markets
– Technical Charting Simulation
– Trade techincals using Tradesignal’s professional chart analysis software
– Spot trends and use indicators to identify trade entry/exit points
Floating Prices and Hedging
– What is meant by a floating price
– Calculating the daily hedge, and forward pricing profiles
– Managing pricing risk on a portfolio of trades
Hedging Physical Cargoes Simulation
– Respond to new trades and manage the basic daily hedge
– Adjust hedges as BL dates and quantities change
Swaps and Hedging Spread Exposure
– What is a swap, and how are they traded
– Using swaps to manage risk and create trading strategies
– Differential swaps and CFD’s
– Managing spread exposure
– Hedging with Swaps Simulation
– Respond to new trades and manage a complex daily hedge
– Use swaps and futures contracts to manage risk
Geographies and Arbitrage Spreads
– Regional supply/demand and its effect on spreads
– Spread trading strategies
Gas Oil Arbitrage Spreads Simulation
– Trade the futures spread between Europe and U.S.
– Understand the impact of local supply/demand and physical arbitrage
– Hedging Physical Arbitrage Trades
– How to calculate and identify Arbitrage opportunities
– Relative volatilities: Futures, Cargoes and Freight
– Using futures to hedge Arbitrage movements
Arbitrage – Worked Example
– Use of a spreadsheet to calculate and monitor Arbitrage values
– Placing an Arbitage trade: Volatility, liquidity and order of trades
– Trans-Atlantic Crude Arbitrage Simulation
– Calculate Arbitrage opportunities across a portfolio of Crude Oils
– Place all the trades necessary to Arbitrage Crude Oil cargoes
Using the paper derivative markets
– Derivative instruments & hedging
– Practical: Hedging exercises
– Basic risk
– Basis trading
Spread trading
– Time
– Crack
– Arb
– CFD’s & DFL’s as part of the mix
– Using the EFP & EFS mechanisms
Case Study Practical:
– Hedging as a producer
– Hedging as a refiner
– Hedging as a consumer
– Trigger pricing
– Options 101
– Inputs to the premium and pricing
– Practical: Hedging exercises
– Time & Volatility
– The greeks
– Options trading strategies
– Practical: Trading with Options
The Module 2 price is £ 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
– Participation in the course
– Lunches and coffee breaks during the programme
– The course materials in hard copy and E-version
– Up to 40 CPD credits Internationally Recognised Certificate of the IBH and ICE Education
– Social programme | Networking Events
– Visa support (if needed)
Payment options are available in two forms: Bank Transfer and Payment by Card
– 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
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*)
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.
Demonstrate your new skills and gain a step up in your career with globally recognised CPD certifications.
*Special group enrolment pricing
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