Mastering Oil Trading Concepts

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • Jan-05-2025

    Kuala Lumpur

  • Jan-06-2025

    Kuala Lumpur

  • Feb-02-2025

    Kuala Lumpur

  • Feb-03-2025

    Kuala Lumpur

  • Mar-02-2025

    Kuala Lumpur

  • Mar-03-2025

    Kuala Lumpur

  • Apr-06-2025

    Kuala Lumpur

  • Apr-07-2025

    Kuala Lumpur

  • May-04-2025

    Kuala Lumpur

  • May-05-2025

    Kuala Lumpur

  • June-01-2025

    Kuala Lumpur

  • June-02-2025

    Kuala Lumpur

  • June-29-2025

    Kuala Lumpur

  • June-30-2025

    Kuala Lumpur

  • July-06-2025

    Kuala Lumpur

  • July-07-2025

    Kuala Lumpur

  • Aug-03-2025

    Kuala Lumpur

  • Aug-04-2025

    Kuala Lumpur

  • Aug-31-2025

    Kuala Lumpur

  • Sep-01-2025

    Kuala Lumpur

  • Sep-28-2025

    Kuala Lumpur

  • Sep-29-2025

    Kuala Lumpur

  • Oct-05-2025

    Kuala Lumpur

  • Oct-06-2025

    Kuala Lumpur

  • Nov-02-2025

    Kuala Lumpur

  • Nov-03-2025

    Kuala Lumpur

  • Nov-30-2025

    Kuala Lumpur

  • Dec-01-2025

    Kuala Lumpur

  • Dec-28-2025

    Kuala Lumpur

  • Dec-29-2025

    Kuala Lumpur

Dates in Other Venues

  • Dec-16-2024

    Dubai

  • Dec-16-2024

    Barcelona

  • Dec-23-2024

    Singapore

  • Dec-23-2024

    Paris

  • Dec-30-2024

    London

  • Dec-30-2024

    Dubai

  • Jan-05-2025

    Istanbul

  • Jan-06-2025

    Istanbul

  • Jan-12-2025

    Paris

  • Jan-12-2025

    Singapore

  • Jan-13-2025

    Paris

  • Jan-13-2025

    Singapore

  • Jan-19-2025

    Amsterdam

  • Jan-19-2025

    London

  • Jan-20-2025

    London

  • Jan-20-2025

    Amsterdam

  • Jan-26-2025

    Barcelona

  • Jan-26-2025

    Dubai

  • Jan-27-2025

    Barcelona

  • Jan-27-2025

    Dubai

  • Feb-02-2025

    Istanbul

  • Feb-03-2025

    Istanbul

  • Feb-09-2025

    Paris

  • Feb-09-2025

    Singapore

  • Feb-10-2025

    Singapore

  • Feb-10-2025

    Paris

  • Feb-16-2025

    London

  • Feb-16-2025

    Amsterdam

  • Feb-17-2025

    London

  • Feb-17-2025

    Amsterdam

  • Feb-23-2025

    Dubai

  • Feb-23-2025

    Barcelona

  • Feb-24-2025

    Barcelona

  • Feb-24-2025

    Dubai

  • Mar-02-2025

    Istanbul

  • Mar-03-2025

    Istanbul

  • Mar-09-2025

    Paris

  • Mar-09-2025

    Singapore

  • Mar-10-2025

    Paris

  • Mar-10-2025

    Singapore

  • Mar-16-2025

    London

  • Mar-16-2025

    Amsterdam

  • Mar-17-2025

    Amsterdam

  • Mar-17-2025

    London

  • Mar-23-2025

    Dubai

  • Mar-23-2025

    Barcelona

  • Mar-24-2025

    Dubai

  • Mar-24-2025

    Barcelona

  • Apr-06-2025

    Istanbul

  • Apr-07-2025

    Istanbul

  • Apr-13-2025

    Singapore

  • Apr-13-2025

    Paris

  • Apr-14-2025

    Singapore

  • Apr-14-2025

    Paris

  • Apr-20-2025

    London

  • Apr-20-2025

    Amsterdam

  • Apr-21-2025

    Amsterdam

  • Apr-21-2025

    London

  • Apr-27-2025

    Barcelona

  • Apr-27-2025

    Dubai

  • Apr-28-2025

    Barcelona

  • Apr-28-2025

    Dubai

  • May-04-2025

    Istanbul

  • May-05-2025

    Istanbul

  • May-11-2025

    Paris

  • May-11-2025

    Singapore

  • May-12-2025

    Paris

  • May-12-2025

    Singapore

  • May-18-2025

    London

  • May-18-2025

    Amsterdam

  • May-19-2025

    London

  • May-19-2025

    Amsterdam

  • May-25-2025

    Barcelona

  • May-25-2025

    Dubai

  • May-26-2025

    Barcelona

  • May-26-2025

    Dubai

  • June-01-2025

    Istanbul

  • June-02-2025

    Istanbul

  • June-08-2025

    Singapore

  • June-08-2025

    Paris

  • June-09-2025

    Singapore

  • June-09-2025

    Paris

  • June-15-2025

    London

  • June-15-2025

    Amsterdam

  • June-16-2025

    Amsterdam

  • June-16-2025

    London

  • June-22-2025

    Dubai

  • June-23-2025

    Dubai

  • June-29-2025

    Barcelona

  • June-29-2025

    Istanbul

  • June-30-2025

    Barcelona

  • June-30-2025

    Istanbul

  • July-06-2025

    Istanbul

  • July-07-2025

    Istanbul

  • July-13-2025

    Singapore

  • July-13-2025

    Paris

  • July-14-2025

    Singapore

  • July-14-2025

    Paris

  • July-20-2025

    London

  • July-20-2025

    Amsterdam

  • July-21-2025

    Amsterdam

  • July-21-2025

    London

  • July-27-2025

    Dubai

  • July-27-2025

    Barcelona

  • July-28-2025

    Dubai

  • July-28-2025

    Barcelona

  • Aug-03-2025

    Istanbul

  • Aug-04-2025

    Istanbul

  • Aug-10-2025

    Singapore

  • Aug-10-2025

    Paris

  • Aug-11-2025

    Paris

  • Aug-11-2025

    Singapore

  • Aug-17-2025

    Amsterdam

  • Aug-17-2025

    London

  • Aug-18-2025

    London

  • Aug-18-2025

    Amsterdam

  • Aug-24-2025

    Barcelona

  • Aug-25-2025

    Barcelona

  • Aug-31-2025

    Istanbul

  • Sep-01-2025

    Istanbul

  • Sep-07-2025

    Singapore

  • Sep-07-2025

    Paris

  • Sep-08-2025

    Paris

  • Sep-08-2025

    Singapore

  • Sep-14-2025

    London

  • Sep-14-2025

    Amsterdam

  • Sep-15-2025

    Amsterdam

  • Sep-15-2025

    London

  • Sep-21-2025

    Dubai

  • Sep-22-2025

    Dubai

  • Sep-28-2025

    Istanbul

  • Sep-28-2025

    Barcelona

  • Sep-29-2025

    Istanbul

  • Sep-29-2025

    Barcelona

  • Oct-05-2025

    Istanbul

  • Oct-06-2025

    Istanbul

  • Oct-12-2025

    Singapore

  • Oct-12-2025

    Paris

  • Oct-13-2025

    Paris

  • Oct-13-2025

    Singapore

  • Oct-19-2025

    Amsterdam

  • Oct-19-2025

    London

  • Oct-20-2025

    London

  • Oct-20-2025

    Amsterdam

  • Oct-26-2025

    Dubai

  • Oct-26-2025

    Barcelona

  • Oct-27-2025

    Barcelona

  • Oct-27-2025

    Dubai

  • Nov-02-2025

    Istanbul

  • Nov-03-2025

    Istanbul

  • Nov-09-2025

    Paris

  • Nov-09-2025

    Singapore

  • Nov-10-2025

    Singapore

  • Nov-10-2025

    Paris

  • Nov-16-2025

    London

  • Nov-16-2025

    Amsterdam

  • Nov-17-2025

    London

  • Nov-17-2025

    Amsterdam

  • Nov-23-2025

    Dubai

  • Nov-23-2025

    Barcelona

  • Nov-24-2025

    Barcelona

  • Nov-24-2025

    Dubai

  • Nov-30-2025

    Istanbul

  • Dec-01-2025

    Istanbul

  • Dec-07-2025

    Paris

  • Dec-07-2025

    Singapore

  • Dec-08-2025

    Singapore

  • Dec-08-2025

    Paris

  • Dec-14-2025

    Amsterdam

  • Dec-14-2025

    London

  • Dec-15-2025

    Amsterdam

  • Dec-15-2025

    London

  • Dec-21-2025

    Dubai

  • Dec-22-2025

    Dubai

  • Dec-28-2025

    Barcelona

  • Dec-28-2025

    Istanbul

  • Dec-29-2025

    Istanbul

  • Dec-29-2025

    Barcelona

Course Details

Course Outline

5 days course

The Basics of Refining Essentials

 

  • Discussing techniques to evaluate different crude oil:
  • Linear programming (LP) models
  • Netback calculations
  • Marginal value
  • Transportation and other logistic considerations

 

  • Analyzing factors affect crude oil quality and the grade of crude differentials
  • Discussing the yields of crude oil for different refinery configurations

  • Understanding how to optimize refinery processes by understanding:
  • Feedstock impact
  • Unit configuration
  • Operating conditions
  • Discussing the economics of product blending:
  • Quality and valuation of different blendstocks
  • Product value evaluation
  • Linear/ non-linear blending calculations
  • Quality giveaway minimization
  • Biofuels blending implications

 

  • Understanding the meaning of arbitrage trading and analyze its opportunities

Oil Pricing Methods & Logistics

 

  • Exploring different methods and formulas to price spot and term contracts:

 

  • OSPs and tenders
  • Discounts, premiums and quality escalators

 

  • Identifying price information sources:
  • Key information sources in different markets
  • Reporting techniques (Platts e-window process)
  • Illiquid market assessment (Dated Brent)

 

  • Strategies to assess illiquid markets
  • Understanding freight costs, shipping economics, and chartering considerations
  • Identifying key areas of delay and its effect
  • Exploring types of storage, including contract terms, costs, and implications of holding inventory

Hedging Principles & Risk Management

 

  • Understanding the purpose of short-term and strategic hedges and how to hedging for future
  • Identifying price exposure and timing critical hedging decisions

 

  • Exploring techniques to manage basis risks:
  • Swaps
  • EFPs

 

  • Understanding Delta hedging technique
  • Understanding the significance of hedging the refinery and how to set its objectives, choices and plan

 

  • Exploring techniques to measure and control trading exposure:
  • Value at risk (VAR)
  • Credit control

Crude Oil Markets

 

  • Understanding crude forward markets and its implications
  • Understanding OTC derivative markets, including their instruments, indices, and settlement rules
  • Identifying the meaning of contango and backwardation and their causes

 

  • Discussing the effect of contango and backwardation on trading behavior:
  • Inventory management
  • Hedging
  • Storage play opportunities

 

  • Exploring different types of financial modelling of oil price behavior

Advanced Trading Strategies & Regulations

 

  • Understanding future exchange and trading platforms
  • Discussing contract and transaction rules in future trading

  • Discussing advanced oil trading techniques:
  • Monetization of physical flexibility
  • Dealing and origination
  • Algorithmics and high-frequency trading

 

  • Recognizing constraints on trading activities:
  • Government regulations
  • Corporate policies
  • Position and market risk limits
  • Credit and counterparty constraints

 

  • Discussing the key ethical behaviors in oil trading
  • Understanding how to maintain regulation compliance of oil trading