Intermediate Energy Trading, Hedging, Portfolio and Risk Management
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Intermediate Energy Trading, Hedging, Portfolio and Risk Management Course
Introduction:
This Intermediate Energy Trading, Hedging, Portfolio and Risk Management training course provides a comprehensive understanding of the global crude oil, refined products, and biofuels markets. It covers the associated risks, legal and regulatory considerations, and the complexities involved in international trading. The course also encompasses key engineering practices in the petroleum industry, such as exploration, extraction, refining, and global oil supply dynamics.
By gaining insights into upstream and midstream operations, participants will develop a thorough understanding of downstream industry activities, including crude oil and refined product trading, and the inherent risks and uncertainties involved. The course will also delve into Price Risk Management techniques to address price volatility effectively.
Sales, marketing, trading, and risk management are crucial elements of the value chain in the energy industry. This course equips managers with the knowledge and tools necessary to navigate and excel in these dynamic and essential activities.
Course Objectives:
By the end of this training course, participants will learn to:
- Gain the business acumen of the wide-ranging subjects of upstream production to the downstream sales, marketing, and trading of crude oil, refined and renewable products
- Understand the critical crude oil pricing dynamics and the use of crude oil benchmarks
- Develop the price-risk management strategies using the hedging instruments
- Acquire essential legal and regulatory issues relating to trading in the global markets
- Reduce the overall risk of the Petroleum Industry and maximize the value chain profitability
Who Should Attend?
This Energy Training Centre training course is suitable to a wide range of professionals but will greatly benefit:
- Business & Development Managers
- Corporate Planners
- Lawyers & Law Firms' Personnel
- Geoscientists, Engineers, and Refiners
- Bankers, Accountants
- Auditors
- Media Personnel Who Interface with Traders and Trading
- Government Regulators
- Tax & Finance Advisors
- Compliance Officers
- Equity and Financial Analysts
- Joint Venture Officers
- Negotiators
- Those Who Moved from Elsewhere to Trading
Course Outlines:
ESSENTIAL UPSTREAM PRACTICES & SALES OF OIL
- Fundamentals of oil & gas geology and petroleum engineering
- Well logging and well completion
- The essence of international oil supply – Global reserves, production & trade
- Fundamentals of oil economics
- Crude oil trading
- Evolution of oil prices
- International oil pricing
- What drives crude oil pricing
- Crude oil valuation (Netback & quality differentials)
- Benchmarks / formula price
- Price reporting agencies and their roles
REFINED PRODUCTS TRADING AND THE FUTURE REFINERIES
- Refining I - Refinery Basics
- Simple Chemistry for Non-Chemists
- Crude Oil Properties and crude oil Assay
- Basic Refining Processes
- Refining II – Conventional Refinery Upgrading
- Cat Cracking
- Hydrocracking
- Visbreaking
- Coking
- Blending Refinery Economics
- Oil Products and Quality
- Markets / Benchmarks
- Pricing Refining Products
- Crack spreads
- Arbitrage
- Oil Logistics and the Art of Trade
- Delivering oil products
- Delivery Term
- Other pricing bases for refined products
- Oil Contracts and its important components
- Storage
- The Future of Refineries when the transportation fuels demand decreases
PETROCHEMICALS BUSINESS AND THEIR TRADING
- Petrochemical Basics – The family of Seven Groups
- The various feedstocks for petrochemicals
- Chemicals from Paraffins Hydrocarbons
- Chemicals from Olefins Hydrocarbons
- Chemicals from Aromatic Hydrocarbons
- Chemicals from Non-Hydrocarbons
- The transformation of Refineries when fuel demand goes down
- Benefits of Integrating Refining & Petrochemicals
- Understanding the concept of Oil to Chemicals
- The widespread use of Petrochemicals
- Monomers, Polymers Plastics
- Markets / Benchmarks
- Pricing
RISK MANAGEMENT
- The Price Volatility
- The benching marking of Refined Oil Products prices
- History of oil prices and how the benchmarks evolved
- The components of the oil price
- Trading the time spread: contango
- The value of product grade differential
- Crude Oil Price Risk Management
- The types of risks