Oil Products Live Online Academy

Course description

Live Online Academy: Oil Products

The Oil Products 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 featuring sophisticated trading simulations streamed for 2 hours
A Knowledge Check

The Academy runs Monday to Thursday over a pre-defined two-week period.

Course Dates: 18, 19, 20, 21, 25, 26, 27, 28 November 2024

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Upcoming start dates

1 start date available

18 November, 2024

Virtual Classroom
Online
English

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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 / passing this learning path, you will attain the certificate TwoTwoFive Certificate Oil Products and achieve 24 CPD points.

Training Course Content

Derivatives

What is trading and why do companies trade
Explains some trading terminology
What is an oil products 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 oil product derivatives

Ignite simulations – 2 trading simulations where delegates will be able to trade futures, swaps and forwards

Trading Best Practice

What is risk
The different types of risk - price, credit, operational, reputational
How risk can be managed successfully by a trader
Technical analysis
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 RBOB and LSGO futures within a VAR trading limit

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 LSGO and RBOB futures within a VAR trading limit

Price Exposures

What is physical cargo trading
Physical delivery terms
Physical trading of oil products
Types of products and the refining process
Factors that influence supply
Factors that influence demand
Oil product quality
Contractual considerations
Price reporting agencies - who are they and what they do
Explains floating prices and benchmark prices
What is oil product differential trading

Ignite simulations – 2 trading simulations where delegates will be able to trade Gasoline, Jet, Heating Oil and Gasoil physical cargoes

Arbitrage

Explains physical arbitrage
Different aspects of refined products
Voyage chartering/Time charter
Bareboat charter
Contract of affreightment
Worldscale - what it is and how it works
Operational costs of arbitrage
Financial risks
When traders arbitrage
Netback calculation

Ignite simulations – 2 trading simulations where delegates will be able to trade American, European and Asian Pacific physical oil products cargoes, charter vessels and manage price risk exposures

Hedging

Why hedge
Basis risk
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

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 oil product cargoes and apply hedges to capture the storage play

Team Dynamics

How to extract value from a physical Oil Productsportfolio
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 cargoes, trading spot cargoes, entering tenders, hedging, arbitrage, seeking storage opportunities and speculatively trading the futures markets with flat price and spreads positions.