Trading oil on international markets
21-25 April, 20-24 October, 2008
Cambridge, UK
Delegates become part of Invincible’s fictional trading team, taking decisions about the company’s activities to maximise profits through an understanding of the economics of trading and the management of inherent price risks. They trade the live crude oil and refined product markets worldwide under the guidance of tutors, reacting to events as they happen using real time information from Reuters and Telerate screens and daily price information from Platts and
Petroleum Argus.
The economics of trading are fully studied with delegates negotiating and costing deals, calculating profitability, chartering a ship through a broker and examining the legal and operational aspects of trading. Price risks are identified and managed using the futures, forwards and over-the-counter markets. Delegates also prepare a tender. The separation of price risks from supply risk is discussed.
Invincible’s corporate position is marked to market and reviewed daily. Market conditions are discussed to gain an understanding of how prices are established on the international markets and what factors influence price movements. Exercises are performed in syndicates, with comprehensive debriefs studying the consequences of the decisions made.
The course expects a high degree of participation from delegates and there is a high staff-to-pupil ratio.
For full details, visit:
http://www.energyinst.org.uk/training/804ITO.pdf
Posted by Online Data on Monday, April 07, 2008 10:52
Location Cambridge, UK
Category Training Courses
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