Don't let the learning stop - take a look at our range of courses delivered through live virtual sessions which are complemented with on-demand digital content.

As a consequence of the current situation and in adherence with the wider international guidance, we have deferred all face-to-face courses indefinitely. We will be monitoring and updating on this as the situation dictates.

Physical Crude Oil & Product Trading: VIRTUAL DELIVERY

ICE Education Live and partners have combined their expertise to provide an innovative and practical virtual program covering all aspects of the physical crude oil, products and traded derivatives market through our market leading Oil Trader Academy.

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 organisations market position.

During these challenging times, all virtual courses are being offered at a discounted rate.
Enter code: C2020 on the booking form when checking out.

This virtual course is one of the new ICE Education LIVE programs. We provide three phases to the course:
1. Pre-course: Access to the ICE Education learning platform for on-demand primer content.
2. Live Virtual Sessions: Trainer led live video sessions (as per the outline below). These are short focused sessions with practical activity and interaction throughout.
3. Post-course: On-demand content remains available and an optional live video clinic session is scheduled for one week post course for any learning points you'd like to revisit.
All course payments must be received one day prior to the start date

Course Information

Price £1,995 + VAT
Duration 3 days
Location Virtual
Available Dates
Jul 20 2020  Register Now

Who Should Attend

This programme will appeal to: oil and product traders, refiners, economists, analysts portfolio managers, risk managers, operations managers, brokers and other related front, middle and back office staff.

Booking Information

Tel: +44 (0) 20 7065 7706

Course Content

Live Trainer Led Virtual Sessions

Part One: Introduction to Oil Markets and Trading

  • 0900 - 0920: Technology check to ensure all technology is working and that all delegates have the required accesss
  • 0930 -1015: Session 1

- Supply and Demand

- Production and Refining

  • 1030 - 1115: Session 2

- Contracts and Clauses

- Spot and term contracts

- Incoterms and transfer of risk

  • 1130 - 1215: Session 3

- Quantity and Quality: key elements and trading tools

- Timing: delivery dates and contract performance

Lunch

  • 1315 - 1400: Session 4

- Payment and Credit terms: when and how you get paid

- Legal clauses: jurisdiction and applicable law

- Prices: fixed and floating prices

  • 1415 - 1500: Session 5

- Prices and Pricing

- Reference prices for crude and products

  • 1515 - 1600: Session 6

- Market structure and prices: contango and backwardation

- Timing of the Price Formula: choosing dates

- OSPs and the Market

Part Two: Shipping

  • 0900 - 0920: Technology check to ensure all technology is working and that all delegates have the required accesss
  • 0930 -1015: Session 1

- Basics of oil tankers and operations

  • 1030 - 1115: Session 2

- Choosing vessels: acceptability and vetting

  • 1130 - 1215: Session 3

- Hiring vessels: markets and terms

Lunch

  • 1315 - 1400: Session 4

- Charterparties: spot and term

  • 1415 - 1500: Session 5

- Key clauses: laytime, demurrage, options

  • 1515 - 1600: Session 6

- Freight rates: lump sum, dollar per tonne, Worldscale

Part Three: Prices, Risk and Hedging

  • 0900 - 0920: Technology check to ensure all technology is working and that all delegates have the required accesss
  • 0930 -1015: Session 1

- Understanding Price Exposure: Long and Short

  • 1030 - 1115: Session 2

- Hedging: basics of protecting a position

  • 1130 - 1215: Session 3

- Derivatives: Futures, Swaps and Options

Lunch

  • 1315 - 1400: Session 4

- Brent Complex: CFDs, DFLs, BFOET and the rest

  • 1415 - 1500: Session 5

- Products prices: outrights, cracks and spreads

  • 1515 - 1600: Session 6

- Arbitrage: risks and strategies.

One week post course: Live group 'Q&A Clinic' with trainer