Mastering Oil Trading Concepts

Available Dates

Dec-09-2024

London
Dec-30-2024

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Jan-19-2025

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Jan-20-2025

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Feb-16-2025

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Feb-17-2025

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Oct-20-2025

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Nov-16-2025

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Dec-14-2025

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Dec-15-2025

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Dec-09-2024

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Dec-16-2024

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Dec-16-2024

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Dec-23-2024

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Dec-23-2024

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Feb-09-2025

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Feb-10-2025

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Mar-09-2025

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Mar-10-2025

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Mar-17-2025

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Mar-23-2025

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Mar-24-2025

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Mar-24-2025

Dubai
Apr-06-2025

Kuala Lumpur
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Apr-07-2025

Istanbul
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Apr-13-2025

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Apr-14-2025

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Apr-28-2025

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May-11-2025

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May-12-2025

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May-12-2025

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May-18-2025

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May-19-2025

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May-26-2025

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June-01-2025

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June-02-2025

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June-09-2025

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June-15-2025

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June-29-2025

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July-14-2025

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Aug-03-2025

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Aug-10-2025

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Aug-10-2025

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Aug-11-2025

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Aug-17-2025

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Sep-08-2025

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Sep-08-2025

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Sep-14-2025

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Sep-15-2025

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Sep-21-2025

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Sep-22-2025

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Sep-28-2025

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Sep-28-2025

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Sep-28-2025

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Sep-29-2025

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Sep-29-2025

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Sep-29-2025

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Oct-05-2025

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Oct-05-2025

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Oct-06-2025

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Oct-06-2025

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Oct-12-2025

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Oct-12-2025

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Oct-13-2025

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Oct-19-2025

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Oct-20-2025

Amsterdam
Oct-26-2025

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Oct-26-2025

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Oct-27-2025

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Oct-27-2025

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Nov-02-2025

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Nov-02-2025

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Nov-03-2025

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Nov-03-2025

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Nov-09-2025

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Nov-09-2025

Paris
Nov-10-2025

Singapore
Nov-10-2025

Paris
Nov-16-2025

Amsterdam
Nov-17-2025

Amsterdam
Nov-23-2025

Dubai
Nov-23-2025

Barcelona
Nov-24-2025

Barcelona
Nov-24-2025

Dubai
Nov-30-2025

Istanbul
Nov-30-2025

Kuala Lumpur
Dec-01-2025

Kuala Lumpur
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-15-2025

Amsterdam
Dec-21-2025

Dubai
Dec-22-2025

Dubai
Dec-28-2025

Istanbul
Dec-28-2025

Barcelona
Dec-28-2025

Kuala Lumpur
Dec-29-2025

Barcelona
Dec-29-2025

Istanbul
Dec-29-2025

Kuala Lumpur

Course Details

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!

By the end of this course, participants should be able to:

Evaluate different crude oil using techniques such as linear programming, netback calculations, marginal value, etc.
Analyze factors that affect the quality and price of crude oil
Understand how to optimize refinery processes and how to implement economic principles to product blending
Master oil pricing techniques of spot and term contracts
Access and interpret price information from various sources in the oil market
Assess the impact of logistics and storage on oil pricing
Utilize hedging strategies to manage price risks
Understand crude oil forward and OTC derivative markets
Master future trading practicalities
Understand trading constraints imposed by regulations and corporate policies
Maintain ethical behavior and regulatory compliance throughout oil trading activities

Refinery Operators and Engineers
Crude Oil Traders
Supply Chain Managers
Financial Analysts
Risk Managers
Energy Economists
Commodity Traders and Brokers
Investment Bankers
Corporate Strategies
Energy Consultants
Logistics and Transportation Professionals
Lawyers
Oil Market Analysts
Energy Procurement
Executives and Managers
Compliance Officers
Anyone New in the Oil Industry

Our courses in London are held at the LPC office located at:

LPC Oxford Street Offices: 25 N Row, London W1K 6DJ

London Head Office: 47 - 49 Park Royal Road, London NW10 7LQ

Once you register, we will subsequently send you the course details, including the location, trainer, and other logistical information.

Pay Attention, Please! The course location at our offices is subject to availability. Should our office be unavailable, we will secure an alternative nearby venue and promptly inform you of the change. The exact time and location will be confirmed one week prior to the course commencement.

Course Outline

5 days course

Day 1

Day 2

Day 3

Day 4

Day 5

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

Mastering Oil Trading Concepts

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