Course Summary

This one-day workshop familiarizes delegates with the key elements of the physical petroleum product trading market. Topics explored include the major product blending pools and specifications, market fundamentals, technical analysis, key trading strategies and the mechanics of trading and operations. Delegates will learn product trading terminology, as well as get the chance to participate in industry case studies and a product trading simulation.

8 CPE credits awarded for this course.

Delivery Method: Group-Live

Who Should Attend?

Anyone who needs to know more about the product trading side of the oil industry including everyone from support staff to those in management positions in the areas of trading, supply, risk management, operations, transportation and storage.

Prerequisites

Princeton Energy Programme’s Fundamentals of Petroleum Refining or equivalent experience.

Pre-classroom Study

As part of our blended learning package, this workshop has a specific web-based course which is recommended as pre-classroom study. Upon registering for the workshop delegates will receive details of how to access the web-based course. Access to the web-based course is included in the price of the classroom course. To optimize your classroom experience, it is recommended you take the appropriate online study as close to the classroom date as possible. The recommended pre-classroom study for this workshop is PrincetonLive.com's The Wonders of Petroleum Chemistry.

Course Contents

• Purposes of product trading
• Product blending and specifications
• Market fundamentals
  • Supply and demand trends
  • Imports, exports and trade flows
  • Inventories
• Technical analysis
• Trading strategies
  • Price differentials and arbitrage
  • Refining economics
  • Storage plays
  • Spot and term markets
  • Paper markets and hedging
• Mechanics of trading
  • Contracts and negotiations
• Operations
  • Marine, pipeline, road and rail transportation

The course includes exercises based on actual market scenarios and a products trading game.