Crude Oil Trader Program - Simulation Based: VIRTUAL DELIVERY

ICE Education and Two Two Five bring their expertise in the physical and derivative crude oil markets and electronic trading to bring to you this innovative program that utilises a revolutionary trading simulator that ensures practical hands on experience of 'real market scenarios' in a unique learning experience delivered as 8-interactive modules over 4 days. Each module features three elements:

1. An interactive 1-hour Pre-Read that introduces the trading concept
2. A Live Session featuring sophisticated TRADING SIMULATIONS streamed for 2x2 hours per day: 10am - 12noon and 2pm - 4pm (London time) each day for 4 days.
3. A Knowledge Check
You will receive coaching from an expert former trader, and access to the unique physical trading simulator for the full duration of the course.

Course Information

Price £2,500 + VAT
Duration 4 days
Location Virtual: EMEA/Asian Time Zone
Available Dates
Nov 08 2021  Register Now

Who Should Attend

  • If your work is affected by the changes to the international price of oil
  • oil industry staff working supply, trading risk management, refining, finance, transportation and E&P
  • Oil trading and distribution companies
  • Energy-related government departments
  • Purchasing, planning and finance departments in major energy consumers
  • Energy publications
  • Bankers, accountants, auditors and others associated with oil companies and oil financing.

Booking Information

Tel: +44 (0) 20 7065 7706

Course Content

Day 1:

- Derivatives:

The current supply & demand situation, the difference between forwards, futures, swaps and options and how they are used in the crude oil market. SIMULATION: Derivatives tutorial

- Trading Best Practice:

The various types of risk, how risk is measured and successfully managed by a trader. SIMULATION: Brent flat price

Day 2:

- Time Spreads:

What a forward curve is, the different types of market structure and how traders use time spreads. SIMULATION: Brent time spreads

- Cargo Price Exposures:

How crude oil is priced, what are crude differentials and lifting programmes. SIMULATION: Crude differential trading

Day 3:

- Trading Opportunities:

What geographical arbitrage is, the economics that need to be considered including chartering and how to hedge the associated price risks. SIMULATION: Global arbitrage

- Price Risk Management:

Being aware of the price risks connected with physical crude oil trading and how to manage them effectively. The difference between arbitrage and unwinding hedges. SIMULATION: Hedging tutorials

Day 4:

- Storage:

Why storage is valuable. Costs associated with storage. How storage can be optimised. SIMULATION: European storage optimisation

- Team Dynamics:

How a trader can make money from a physical crude oil portfolio including the importance of evaluating opportunities quickly, hedging appropriately and why teamwork is important. SIMULATION: Crude equity portfolio optimisation