OIL MARKETS & TRADING SHORT COURSE

WHO SHOULD ATTEND?

  • This training provides a better understanding of the structure of the markets, the uses and the impacts of physical and financial markets for crude oil and petroleum products.

COURSE CONTENT

  • OIL SUPPLY & DEMAND FUNDAMENTALS
    • Energy resources.
    • Energy demand and supply.
    • Oil producing countries, OPEC, consuming countries, international oil companies: constraints and strategies.
  • SHIPPING
    • General features.
    • The market and its players-fixing of the freight rate (Worldscale).
    • Chartering contracts.
    • Risk control and environmental protection.
  • CRUDE & PETROLEUM PRODUCTS PHYSICAL TRADING
    • What is the value of a crude oil? The refiner’s point of view.
    • Different types of contracts: long term, spot and forward.
    • Main oil markets and their features.
    • Key benchmark crudes.
    • The role of the PRAs (price reporting agencies).
    • Links between Trading and Shipping.
    • Products trading.
    • Main provisions of a sale/purchase contract.
  • EXCHANGES & FUTURES TRADING
    • The concept of volatility
    • Definition of a contract: the cases of WTI and Brent.
    • Exchanges and their organization: the cases of NYMEX and ICE.
    • Main Futures Markets.
    • Hedging principles.
    • Hedging imperfections, basis risk.
    • Market structure (contango, backwardation).
    • Case studies.
  • DERIVATIVES
    • Options: principles, basics and characteristics.
    • Interests and limits of options.
    • Swaps: principles, basics and characteristics.
    • Interests and limits of swaps.
  • HEDGING STRATEGIES – VARIOUS CASE STUDIES ON HEDGING
    • For a refiner.
    • For a crude oil producer.
    • For a marketer.
    • For an industrial consumer.

LEARNING OBJECTIVES

Upon completion of the course, participants will be able to:

  • Analyze the parameters which influence prices of crude oil and prices of petroleum products,
  • Review the different oil trading markets by type of transaction,
  • Understand the importance of maritime transport costs in oil supply economics,
  • Comprehend hedging techniques available for protection against fluctuations in prices.

 

FEE: Contact Support Consultant

TIME AND VENUE

  • Time: October 2020
  • Duration: 4 days
  • Venue: Hochiminh City

 

CONTACT

CÔNG TY CỔ PHẦN BMSGROUP GLOBAL

Mobile  : 0913 58 59 60

Office    : 0243 226 226 6    Email: bmsgroup0701@gmail.com

Address : 8 Floor, MD Complex Tower, No 6 Nguyen Co Thach
Street, Cau Dien, Nam Tu Liem District, Hanoi City.
Office Hanoi   : 19 Floor, FLC Twins, 265, Cau Giay District, Hà Noi City

TP.HCM Office: 152 Nguyen Dinh Chieu, 3 District, Hochiminh City