In-Person: ICE OIL TRADER ACADEMY
PROGRAMME. MODULE 1.
Physical Crude Oil & Products Trading
ICE Education Europe, London, UK
22 - 26 January 2024
DAY 1. FUNDAMENTALS OF OIL AND GAS
Demand in the oil industry
- Demand drivers
- Changes and developments
Supply in the oil market
- Natural resources
- Unconventional supply
- Shale revolution
Oil refining
- Necessary link in the industry
- Types of refineries
- Economic challenges
A WORD ON OPEC
DAY 2. OVERVIEW OF TRADING
- Spot / Term / Forwards / Futures
- FOB vs CIF
Trading crude oil
- Choices in the industry
- Who we are defines how we trade
Risk in oil trading
- Contracts to manage risk
- Clauses and their value
Benchmarks and pricing
- Contango and backwardation
- The value of the differential
DAY 3. SHIPPING
Overview of the shipping industry
- Vessel sizes and trading choices
- Vessel acceptability
- Costs and ownership
Charterparty types
- Spot / Single Voyage
- Term charter
WORLDSCALE AND FREIGHT CALCULATIONS
DAY 4. CRUDE OIL PRICING AND MOVING OIL FROM A TO B
Crude oil pricing and moving oil from A to B
- The Brent complex
- Brent price relationships
Managing price risk in crude trading
- Understanding exposure
- Using futures
- Swaps (CFD's)
- Making a price in crude oil trading
DAY 5
Products trading
- Differences between crude and products trading
- Refining as a source of product
- Quality issues in a product markets
Price creation in a product markets
- Trading the arbitrage
- Locational value
- Understanding import and export parity
Making prices in a product markets
- Crack values
PROGRAMME MODULE 2 INSTRUCTORS HOW TO ATTEND REGISTER NOW
« back