Oil Trading Courses

Crude oil and refined products are globally traded commodities. Physical and paper trading markets are well developed and offer opportunities for both profit optimisation and risk management. Quartic’s training courses introduces students to the mechanisms and key concepts of trade and the instruments we use to manage and optimise profitable trading transactions.

Oil Trading Courses

Crude oil and refined products are globally traded commodities. Both physical and paper trading markets are well developed and offer opportunities for both profit optimisation and risk management. Quartic’s training courses introduces students to the mechanisms and key concepts of trade and the instruments we use to manage and optimise modern trading patterns.

The courses are highly interactive with numerous illustrations, worked examples and exercises based on real international market situations, for delegates to try in small syndicate groups. This reinforces understanding and generates a high energy and enjoyable learning environment.

Essentials of Crude Oil & Petroleum Product Quality, Value and Physical Trading

Crude & Petroleum Physical Trading
Provides an appreciation and understanding of key drivers of oil value such as oil refining economics, crude and product quality, transportation costs. Oil sale contract terms are covered, and the principles of various physical trading strategies such as arbitrage.

Introduction to International Crude & Products Markets, Trading and Price Risk Management

International Crude & Products Markets, Trading and Price Risk Management
Provides information on physical and paper trading as well as detailed examples of the various trading techniques including geographical and time arbitrage, spreads and use of market structure. The range of forward, futures, swaps and options price risk management tools and the principles of hedging are explained.

Oil Trading Operations

Covers all aspects of the processes and commercial/operational issues.

Oil Trading Operations
Subjects covered include: • Stages in a typical cargo trade, from negotiation through implementation to final invoicing; • Oil sales and purchase contracts - price clauses, operational clauses, other clauses, contract risks; • Shipping: tankers, chartering, freight calculation, operations, laytime & demurrage; • Product quality, blending, quantity & quality measurement; • Cargo insurance, claims, letters of credit; • Oil storage.

Bunker Trading, Price Risk Management & Operations

Covers all aspects of Bunker sales.

Bunker Trading
Subjects covered include: • The International Shipping Business; • International Oil & Bunker Markets; • Oil Refining Overview; • Terminals and Bunker Operations; • Bunker Quality and Blending; • Bunker Sales Contracts and Pricing; • Bunker Price Risk Management; and • Claims and Claims Management.

All prices are net, VAT will be added where applies.

Essentials of Crude Oil & Petroleum Product Quality, Value and Physical Trading

Length: 5 sessions of approx. 2.5 hours

Provides an appreciation and understanding of key drivers of oil value such as oil refining economics, crude and product quality and transportation costs. Oil sale contract terms are covered, and the principles of various physical trading strategies such as arbitrage.

Subjects covered include:
• Oil Markets and Trading;
• Crude Oil Characteristics and Properties;
• Oil Refining & Blending;
• Crude Oil Quality and Gross Product Worth;
• Shipping & Freight – Ocean Tankers, Freight Costs, Chartering;
• Oil Pricing & Pricing Mechanisms;
• Sale and Purchase Contracts;
• Non-Tanker Logistics;
• Physical Oil Trading & Arbitrage.

Introduction to International Crude & Products Markets, Trading and Price Risk Management

Length: 5 online sessions of approx. 2.5 hours

Builds on what has been covered on course above. More information is given on physical and paper trading as well as detailed examples of the various trading techniques including geographical and time arbitrage, spreads and use of market structure. The range of forward, futures, swaps and options price risk management tools and the principles of hedging are explained.

Subjects covered include:
• International Oil Markets;
• Valuation of Crude & Products;
• Netback & Refining Margin;
• Crude Selection;
• Oil Pricing and Pricing Mechanisms used in International Trade;
• Price Reporting;
• Oil Sale and Purchase Contracts;
• Non-Tanker Logistics;
• Forward and Futures Markets;
• Price Risk and Exposure;
• Hedging;
• Market Price Structure & Trading Strategies;
• Basis Risk & Swaps;
• Arbitrage evaluation and hedging an arbitrage;

Oil Trading Operations

Length: 4 online sessions of approx. 2.5 hours

Covers all aspects of the processes and commercial/operational issues involved in the implementation of the sale and purchase of crude oil and petroleum products.

Subjects covered include
• Stages in a typical cargo trade, from negotiation through implementation to final invoicing;
• Oil sales and purchase contracts – structure and terms;
• Oil sales and purchase contracts – price clauses, operational clauses, other clauses, contract risks and exposures;
• Shipping: tankers, chartering, freight calculation, operations, laytime & demurrage;
• Product quality, blending, quantity & quality measurement;
• Cargo insurance, claims, letters of credit;
• Pipelines and pipeline operations
• Oil storage – types of storage and storage terminal, storage contracts, storage operations.