Learn from industry veterans with decades of experience in global oil trading markets.
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.
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: 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.
DAY 1. Fundamentals of Oil and Gas
Demand in the oil industry
Supply in the oil market
DAY 2. Overview of Trading
Trading crude oil
Risk in oil trading
Benchmarks and pricing
DAY 3. Shipping
Overview of the shipping industry
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
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
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
DAY 5. How can Options Become Part of Your Trading Portfolio
Inputs to the premium and pricing
Practical: Trading with Options
For detailed information and enrolment, please visit Module 2 – Oil Trader Academy
Learn from industry veterans with decades of experience in global oil trading markets.
Engage in real-market scenario for 5 days of hedging simulation exercises for an immersive learning experience.
Gain insights into crude oil supply, demand, refining, pricing formation, trading, and risk management.
Learn to navigate price risks, employ trading techniques, and improve negotiation skills through hands-on trading and hedging simulations.
Appreciate the impact of geopolitical events on oil price movements and learn strategies to protect and leverage your organization’s market position.
Earn 80 CPD credits and a prestigious certificate of IBH and ICE Education, validating your learning and professional development.
Connect with peers and industry leaders from around the world.
The Oil Trader Academy programme will appeal to:
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.
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.
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.
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.
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.
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.
“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
Full Course – All Parts: £ 8,500*
Module 1: £ 4,995*
Module 2: £ 4,995*
*For UK companies VAT will be added to extra
Group booking discounts are available. Please contact us (firstname.lastname@example.org) for more information**
** For same company bookings when booked at the same time
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
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.
ICE 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.
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