Physical Crude Oil and Products Trading

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This highly interactive and intensive two day physical crude oil & products trading course will provide the attendees with a comprehensive understanding and knowledge base of the US and international physical oil trading business from the perspective of both the trader and the supply analyst. EMI’s unique program delves into the details of the physical market on day one including discussions on the fundamentals, major crude oil & products markets, characteristics of the markets, operations and logistics, freight trading and distinct differences between the physical & financial markets. On day two the program focuses on making money. The course attendees will be exposed to arbitrage (spread) trading as well as outright (long/short) trading opportunities. EMI will present approaches that work for physical trading as well as valuing and relating both physical crude oil & products back to the refinery gate. Finally the program will end day with a very exiting simulated trading exercise.

What You Will Learn

  • Crude oil and products supply and demand
  • Crude oil evaluation and selection
  • Oil refining and products
  • Discussion of various pricing mechanisms
  • Physical oil markets and pricing
  • Operations & Logistics
  • Freight Trading
  • Comparison of physical & financial trading
  • Arbitrage/Spread trading
  • Refinery trading & supply
  • Physical outright (long/short) trading
  • Approach to trading physicals
  • Simulated trading session

How participants will benefit:

  • Learn about supply and demand for crude oil and products
  • Understand the principles of crude oil evaluation and selection
  • Develop your knowledge of oil refining and products
  • Explore physical oil markets, pricing formation, shipping, operations and contracts
  • Gain knowledge about futures, swaps, options and Over The Counter markets
  • Become familiar with trading techniques, terminology, hedging and physical trading
  • Develop expertise in management of market exposure and price risk
  • Improve your negotiation skills
  • Understand the commercial aspects of the downstream oil business

Who Should Attend

  • Oil Trading
  • Risk Management
  • Supply, Transport & Operations
  • Sales & Marketing
  • Energy Purchasing
  • Refining
  • Management & Financial Accounting
  • Strategic Planning & Economics
  • Analysis