This is an interactive online course with live presentations and open discussions. The class lasts two hours. Participants will share an online Power Point and live white board explanations.
Participants are expected to have a basic knowledge of oil markets and pricing.
Successful oil trading relies on understanding prices. Most physical trades use a reference price from Platts or Argus. Some markets use futures as the reference. The choice can make a big difference in risk and reward. The timing of the pricing can be as or more important depending on the market.
This course will look at market structure and see what it might tell us about prices, how it influences pricing and how traders can use it.
How is oil priced in a typical contract?
Floating prices: Platts and Argus
Futures market pricing: EFP and floating reference
What is market structure?
The Forward Curve: futures prices vs. prices in the future
Setting Prices in a Market with Structure
Can we predict prices in the future?
Locking in prices in the future
Choosing your pricing in contango and in backwardation
Premiums and Structure
How does the market respond to structure?
Can you have a free lunch?
Contango and Storage
Premiums and structure
Differentials and structure
Arbitrage and structure
The class is interactive and live. Questions are welcomed throughout and web based white boards will be used to demonstrate where required.
Please check your time zone:
@ 9 am in London
@ 12 pm in Dubai
@ 4 pm in Singapore
Course Duration: 2 Hours
2 CPD credits Industry Certificate