Petroleum Products Trader

Introduction

This Petroleum Products Trader training course is designed to enhance your understanding of effective marketing strategies within the highly competitive oil industry. Regardless of your current level of experience in oil marketing, developing the skills to differentiate, promote, and sell your products and services is crucial for standing out in your role.

By improving your marketing abilities, you not only advance your own career but also contribute significantly to your organization's success, especially within this technically demanding sector. Effective marketing decision-making goes beyond simply utilizing available information. It involves the critical ability to navigate and find commercially viable solutions amidst diverse and often complex parameters. This training course aims to equip you with these vital skills, ensuring you can meet and exceed the challenges in the dynamic world of oil marketing.

This GLOMACS Petroleum Products Trader training course will highlight:

• Petroleum Business Environment
• Crude Oil and Refined Products Physical Trading
• Spot, Forward, and Futures Markets
• Exchanges and their Market Organizations
• Derivative Products

Objectives

At the end of this Petroleum Products Trader training course, you will be able to:

• Analyze various oil trading markets, distinguishing them based on the nature of their transactions.
• Investigate the range of contract types in use, including long-term agreements, spot transactions, and forward contracts.
• Develop an understanding of the trade processes for both crude oil and refined petroleum products.
• Acquire knowledge of strategies for hedging against price variances in the market.
• Understand the fundamentals behind setting prices for crude oil and its derivatives.
• Gain insight into the principles of financial derivative instruments such as Swaps and Options.

Training Methodology

This Petroleum Products Trader training course ensures participants develop a deep comprehension of the training course content, facilitated by an instructor using diverse adult education techniques. The learning methods include a mix of PowerPoint presentations, concise videos, real-world case studies, and engaging group discussions.

Organisational Impact

Upon completing this Petroleum Products Trader training course, employees of the organization will have enhanced skills in analyzing and evaluating the crude oil and petroleum product markets, including the structure of both physical and financial markets. In-depth study of trading and pricing for crude oil and its derivative products will be a key focus.

Benefits to the employer/organization include:

• Recognizing the business framework of the petroleum industry
• Gaining insights into the fundamentals of physical and financial futures markets.
• Summarizing the functioning of both physical and financial oil markets.
• Understanding the upstream and downstream business and economics
• Acquiring knowledge about trading in crude oil and petroleum products.
• Learning the mechanisms for setting prices of petroleum products.

Personal Impact

Attendees of this Petroleum Products Trader training course will acquire a profound and practical understanding in the areas of:

• Various strategies used in international oil trade.
• Trading practices within the oil markets.
• Dynamics of the spot markets.
• Fundamental concepts of upstream and refining economics.
• Mechanisms for setting prices of petroleum products.
• Understanding of derivative products, including swaps and options Course Agenda