Introduction to Trading

A practical introduction to oil trading delivered one-on-one by former traders with experience of working on international trading floors. This course is aimed specifically at those in key risk reporting or analytics roles as well as those looking to gain both a technical knowledge plus understand the terminology and concepts of oil trading.

This online "live" course is split into four 4-hour sessions. These sessions can be booked around your convenience and need not be performed on consecutive days.

Session 1 - Introduction to Oil Trading

• Definition of trading
• Basic concepts and terminology
• Who's who in oil trading
• Structure & roles in an oil trading organisation

Session 2 - Oil Trading Instruments

• Futures
• Swaps
• Physical crude
• Physical products and refining

Session 3 - Exposure and Pricing

• Market exposure concepts
• Fixed vs floating pricing
• Physical pricing and hedging
• Worked examples of exposure and profit and loss

Session 4 - Paper Trading Strategies

• Trading spreads
• Storage and Arbitrage
• Market risk
• Worked examples of trading strategies