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6 - OGE - Oil & Gas - General/Miscellaneous
OGE 235 - Introduction to Oil Trading & Price Risk Management (10 Days)
Code | Start Date | Duration | Venue | |
---|---|---|---|---|
OGE 235 | 07 October 2024 | 10 Days | Istanbul | Registration Form Link |
OGE 235 | 04 November 2024 | 10 Days | Istanbul | Registration Form Link |
OGE 235 | 30 December 2024 | 10 Days | Istanbul | Registration Form Link |
OGE 235 | 17 February 2025 | 10 Days | Istanbul | Registration Form Link |
OGE 235 | 14 April 2025 | 10 Days | Istanbul | Registration Form Link |
OGE 235 | 16 June 2025 | 10 Days | Istanbul | Registration Form Link |
OGE 235 | 04 August 2025 | 10 Days | Istanbul | Registration Form Link |
OGE 235 | 29 September 2025 | 10 Days | Istanbul | Registration Form Link |
OGE 235 | 24 November 2025 | 10 Days | Istanbul | Registration Form Link |
OGE 235 | 22 December 2025 | 10 Days | Istanbul | Registration Form Link |
Course Description
Crude oil and petroleum products are considered among the world's most important resources. The fossil fuel industry has a pivotal role in driving the global economy. Crude oil and the petroleum products derived from it, plays an important part in the economic activity of all nations. Petroleum itself is used for numerous products that include petrochemicals, medicines, cosmetics, and thousands of other products used in our daily lives, in addition to serving as the world's primary fuel source.
This Introduction to Oil Trading & Price Risk Management training course is designed to provide you with a complete understanding of the financial and physical and markets for crude oil and petroleum products. The economic framework of the oil industry is studied in detail with a particular reference to economic slowdown caused by pandemics. In addition, as the oil industry faces challenges related, the impact of the shale industry as well as new regulations in curbing carbon emissions will be examined on the oil producing and consuming nations.
Course Objectives
- Review the different oil trading markets by type of transaction
- Review the different types of contracts: long term, spot and forward
- Understand how crude oil and petroleum products are traded
- Understand the pricing mechanism of crude oil and petroleum products
- Comprehend hedging techniques available for protection against fluctuations in prices
- Understand the principle of financial derivatives products like Swaps and Options
Who Should Attend?
- Businessmen and financiers
- Petroleum economists
- Traders & Brokers
- Policy makers
- All personnel in the petroleum or associated industries needing to improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms
Course Details/Schedule
Day 1
- Introduction to crude oil: a finite resource
- Introduction to upstream oil & gas industry
- Oil & gas reserves, production, consumption & trade
Day 2
- The impact of the shale industry
- Trends in carbon emissions and carbon trading
- Basic refining and refining complexity
- Refining economics
Day 3
- Market price
- Different strategies
- International oil trade
Day 4
- Anatomy of the crude oil pricing system
- Prices on the oil markets
- Hedging – risk management
- Case studies
Day 5
- Introductory concepts in oil trading
- Trading on the oil markets
- The spot markets
Day 6
- Spot crude oil prices
- The brent market
- Indexing crude oil prices
- Case studies
Day 7
- Petroleum products price setting mechanism
- How are prices reported?
- The physical futures markets
- The financial futures markets
Day 8
- The historical development of the petroleum exchanges
- Futures contracts
- Pricing structures: backwardation and contango
- The limitations of the futures markets
Day 9
- Derivative products: swaps and options
- The definition of an option
- The cost of an option
- The definition of a swap
- The historical development of the petroleum exchanges
- USA, UK, Singapore
Day 10
- Site visit to relevant authorities