How physical arbitrage works
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This highly interactive and intensive two-day physical crude oil and products trading course will provide the attendees with a comprehensive understanding of the US and international physical oil trading business from the perspective of both the trader and the supply analyst.
On day two the program focuses on making money. EMI will present approaches that work for physical trading as well as for valuing and relating both physical crude oil and products back to the refinery gate.
The program also includes a very exiting simulated trading exercise. Crude oil and products supply and demand. Crude oil evaluation and selection. Oil refining and products. Discussion of various pricing mechanisms. Physical oil markets and pricing. Comparison of physical and financial trading.
Refinery trading and supply. Approach to trading physicals. Learn about supply and demand for crude oil and products. Understand the principles of crude oil evaluation and selection. Develop your knowledge of oil refining and products.
Explore physical physical crude oil and products trading markets, pricing formation, shipping, operations and contracts. Gain knowledge about futures, swaps, options and Over-The-Counter markets. Become familiar with trading techniques, terminology, hedging and physical trading. Develop expertise in management of market exposure and price risk.
Improve your negotiation skills. Understand the commercial aspects of the downstream physical crude oil and products trading business.
This course is designed for people working in: Oil trading Risk management Supply, transport and operations Sales and marketing Energy purchasing Refining Management and financial accounting Strategic planning and economics Analysis.