operation-and-oil-trading-course-ibhouse.net

£3,750.00

Operations and Oil Trading

11 - 14 February 2025

Dubai, UAE

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Overview
Agenda
Participants
Instructors
Price
Certificate

Introduction

Operations and Oil Trading is a 4-day course which offers the professional oil trader’s look at the techniques involved in physical trading and how to manage day-to-day operations.

After reviewing the background of supply, refining and transportation, the programme focuses on the key markets, pricing, contracts and the mechanisms involved in trading. Also, the main shipping and operations issues will be covered from the perspective of the trader.

Operations and Oil Trading course programme is based on the combination of theory knowledge delivered by the instructor, practical exercises and trading games.

What will you Learn?

Review crude oil supply, demand and products.
Explore physical oil markets, pricing formation, shipping, operations and contracts.
Develop your knowledge of the commercial aspects of a Charter party.
Master your negotiation skills.
Understand the principles of trading techniques, terminology, hedging and physical trading.
Upon the completion of the course, you will be issued 32 CPD credits International Business House Certificate.

Agenda

Day 1. Oil Markets & Refining

– Fundamentals of the Market
– Exploration and Production of Crude Oil
– Supply and Demand: Buying and Selling Oil
– Crude Oil Production Across the World
– Key Producers, Price References

– Refining: from Crude Oil to Oil Products
– Distillation and Yields, Upgrading and Complexity
– Refining Margins and Choices

– History and Predictions for Product Demand
– What Influences Demand for Products? How do We Forecast Demand? And why?
– Main Market Drivers: People, Money and Cars

– Questions and Comments

Day 2. Pricing & Freight Markets

– Oil Pricing: Benchmarks and the Price of Oil
– Futures Exchanges: ICE , Nymex, DME, IFAD
– What is the Forward Curve? Market Structure: Contango and Backwardation

– Floating Prices and Price Reporting Agencies: Platts and the Window
– Differentials, Premiums, Discounts and Fixed Prices? What Sets the Price of Oil?

– Freight Markets
– Vessels and Flags: Number, Size, Class, Category and Dimensions
– Chartering and the Shipping Markets
– Vetting: what Makes a Ship a Good Ship?
– Types of Charter Parties: Spot and Time Charters
– Key Elements of the Charter Party
– Shipping Economics and Freight Rates
– Demurrage: Free Money or Huge Losses?

– Question and Comments

Day 3. Negotiations and Contract Management

– Contracts, Operations and Organization
– Roles in a Trading: Front Office, Middle Office, Back Office, Trading, Broking
– Chartering Department and Operators

– Doing a Deal: Who does What?
– Contracts and Clauses: Does the Written Contract Matter?

– Incoterms: International Commercial Terms are more than just Three Letters
– Pick-ups and Deliveries in Oil Trading: FOB vs. CIF

– General Terms and Conditions
– Transactions, Negotiation, and Concluding a Deal
– Quantity, Quality, Timing: Optionality in Oil Trading
– Credit, Finance and Invoicing: How, How Much and When to Pay

– Questions and Comments

Day 4. Operational Procedures & Risk

– Operations and Operators: How a Deal really gets done and who does it
– Deal Sheets and Documents
– Payment and Credit

– Letters of Credit and Documentation
– Inspection and Control

– Invoicing and Control
– Errors and Disagreements

– Contractual Defects, Defaults and Disputes
– Contracts as Risk Management Tool
– Risk in Trading
– Credit and Counter-parties

– Questions and Comments

Participants

The Operations and Oil Trading course is for:

middle and back office staff who are involved with physical trades;
personnel who are entering the trading arena;
anyone who interfaces with the oil trading sector and requires a better understanding of trading practice

“Overall the course was strong. Good enthusiastic presentations and seemed to meet the varied needs of the group. Well done!”
Trader | Mercuria Energy Trading

“It was nice to attend this course, looking forward for next time”
Operations Manager | Saudi Armco

“Cris was a very knowledgeable and engaging perfect person to deliver my trading course. He had some great stories, had a few great laughs”
Juniro Trader | Petrochem, Singapore

Instructor

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.

Price

Course price

Operations and Oil Trading course fee is £3750

What’s included?

The course fee covers:
– Participation in the course
– Lunches and coffee breaks during the programme
– The course materials in hard copy and E-Version
– Industry certificate of International Business House

Payment options

Payment options are available in two forms: bank transfer and card payment.

Course Venue

To be confirmed

Travel and Accommodation

We provide the convenience of reserving accommodation, which is not part of the delegate package. For further details, please don’t hesitate to contact us by e-mail (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

Olga Akhramovich
Project Coordinator
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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.

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