Mastering Oil Trading Concepts
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Introduction
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Are you looking to dive deep into the world of oil trading? Welcome to LPC’s immersive " Mastering Oil Trading Concepts" course! This exciting journey is meticulously crafted to elevate your comprehension of the complex realm of oil trading and empower you to cultivate advanced skills essentials to master trading skills.
Your journey with LPC will last for 5 days. It’ll begin by understanding the basics of refining crude oil, including crude evaluation, refinery process optimization, the economics of product bending. From there, we'll discover the oil pricing techniques and the effect of oil logistics on the price. Then, we’ll discuss hedging principles and strategies for risk management. Also, we’ll go through the world of crude oil markets as we’ll discover the structure of these markets, forward curves and financial models for price behavior. Finally, you’ll learn advanced trading strategies as well as trading ethics and compliance in oil markets.
Join LPC in this enriching journey and transform your understanding of oil refining and trading. Sign up today and take control of your future in the oil industry!
Course Outline
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
