Live Online Academy: Crude Oil
The Crude Oil Live Online Academy is the world's only live online series of courses that incorporate realistic physical trading simulations; giving you the opportunity to become fully immersed and interact in the world of a trader, experiencing the psychological highs and lows of commodity trading.
There is a Welcome course, followed by 8 experiential courses, each featuring three elements:
- An interactive 1-hour Pre-Read that introduces the trading concept
- A Live Session streamed for 2 hours per day
- A Knowledge Check
The Academy runs Monday to Thursday over a pre-defined two-week period.
Course Dates: 24, 25, 26, 27 January - 31 January, 1, 2, 3 February 2022.
Suitability - Who should attend?
Suitable for individuals working in organisations such as:
Trading companies, Banks, Brokers, Oil producers, Consumers, Refiners, Distribution companies, Government and Associated organisations.
Including roles in:
Back office, Accounts, Financial operations, Middle office, Trade control, Analysts and Front office, Juniors, Managers and Operations.
Outcome / Qualification etc.
By completing this learning path, you will attain the certificate TwoTwoFive Certificate Crude Oil and awarded 24 CPD points.
Training Course Content
Crude Oil Live Academy - Welcome
Crude Oil Live Academy - Derivatives
What is trading and why do companies trade
Explains some trading terminology
What is a crude oil derivative
What the difference between forwards, futures, swaps, and options are
How they are connected, EFP, EFS
How a futures exchange works
How traders use crude oil derivatives
Ignite simulations – Up to 3 trading simulations where delegates will be able to trade futures, swaps, and forwards
Crude Oil Live Academy - Trading Best Practice
What is risk
The different types of risk - price, credit, operational, reputational
How risk can be managed successfully by a trader
How risk is measured, what is VAR and how is it used
Trading lessons - common pitfalls
Ignite simulations – 2 trading simulations where delegates will be able to trade Brent futures within a VAR trading limit
Crude Oil Live Academy - Time Spreads
What is spread trading/different types of spread?
Principles of spread trading
What a forward curve is and market structure
Different types of market structure and what they signify
How traders use time spreads
Ignite simulations – 2 trading simulations where delegates will be able to trade Brent and WTI futures within a VAR trading limit
Crude Oil Live Academy - Price Exposures
What is physical cargo trading
Physical delivery terms
Factors that influence supply/demand
Crude oil quality
Price reporting agencies - who are they and what they do
Explains floating prices and benchmark prices
What is crude oil differential trading
Ignite simulations – 2 trading simulations where delegates will be able to trade North Sea and West African physical crude oil cargoes
Crude Oil Live Academy - Arbitrage
Explains physical arbitrage
Different aspects of crude oil
Voyage chartering/Time charter
Contract of affreightment
Worldscale - what it is and how it works
Operational costs of arbitrage
When traders arbitrage
Ignite simulations – 2 trading simulations where delegates will be able to trade American, North Sea and Middle Eastern physical crude oil cargoes, charter vessels and manage price risk exposures
Crude Oil Live Academy - Hedging
Swaps as hedging instruments
Types of hedging
A detailed example of hedging a fixed price/floating price cargoes
Operational impact on pricing
Ignite simulations – Up to 3 trading simulations where delegates will be able to apply arbitrage and unwinding hedges and charter vessels as physical cargoes price in/out
Crude Oil Live Academy - Storage
What is storage/why store oil
The costs/benefits associated with storing oil
When traders store oil
Types of market structure
How to hedge a storage play
Intrinsic and Extrinsic Value
Ignite simulations – 2 trading simulations where delegates will be able to store American and European crude oil cargoes and apply hedges to capture the storage play
Crude Oil Live Academy - Team Dynamics
How to extract value from a physical crude oil portfolio
Why speedy evaluation of opportunities is critical
Why teamwork is important
Applying all the trading concepts learnt across a portfolio
Understanding the value of tenders
Ignite simulations – Working as a team, the delegates will apply all the trading concepts across a portfolio of crude oil cargoes, trading spot cargoes, entering tenders, hedging, arbitrage, seeking storage opportunities and speculatively trading the futures markets with flat price and spreads positions.
Course delivery details
This Live Online Academy is delivered live online, on set dates and times.
Why choose TwoTwoFive
Practice trading with IGNITE trading simulator
1,000s of individuals from 100s of companies trained over the last 10 years
Our trainers have a combined 100+ years of trading experience
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