Introduction to Oil Trading & Price Risk Management

An Intensive 5-Day Training Course

Introduction to
Oil Trading & Price Risk Management

Scheduled Dates

11 - 15 Dec 2023 London - UK $5,950
17 - 21 Jun 2024 Dubai - UAE $5,950
09 - 13 Dec 2024 London - UK $5,950
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We provide a wider range of training options. Tailored and customized, we can deliver your organization’s training needs anytime, anywhere.

Why Choose this Training Course?

Crude oil and petroleum products are considered among the world's most important resources. The fossil fuel industry has a pivotal role in driving the global economy. Crude oil and the petroleum products derived from it, plays an important part in the economic activity of all nations. Petroleum itself is used for numerous products, that include petrochemicals, medicines, cosmetics, and thousands of other products used in our daily lives, in addition to serving as the world's primary fuel source.

This Introduction to Oil Trading & Price Risk Management training course is designed to provide you with a complete understanding of the financial and physical and markets for crude oil and petroleum products. The economic framework of the oil industry is studied in detail with a particular reference to economic slowdown caused by pandemics. In addition, as the oil industry faces challenges related, the impact of the shale industry as well as new regulations in curbing carbon emissions will be examined on the oil producing and consuming nations.

This PetroKnowledge training course will highlight:

  • Crude & petroleum products physical trading 
  • Market price strategies
  • Concepts in oil trading 
  • Petroleum products price setting mechanism 
  • Exchanges & futures trading 
  • Derivative products swaps and options

What are the Goals?

At the end of this Introduction to Oil Trading & Price Risk Management training course, you will learn to: 

  • Review the different oil trading markets by type of transaction
  • Review the different types of contracts: long term, spot and forward
  • Understand how crude oil and petroleum products are traded
  • Understand the pricing mechanism of crude oil and petroleum products
  • Comprehend hedging techniques available for protection against fluctuations in prices
  • Understand the principle of financial derivatives products like Swaps and Options

Who is this Training Course for?

It is geared towards all personnel in the petroleum or associated industries needing to improve their knowledge and understanding of crude oil and petroleum product, trading and pricing mechanisms.

This PetroKnowledge training course is suitable to a wide range of professionals but will greatly benefit:

  • All personnel in the petroleum or associated industries needing to improve their knowledge and understanding of crude oil and petroleum products trading and pricing mechanisms
  • Petroleum economists
  • Oil and Gas business students
  • Energy industry journalists and reporters
  • Businessmen and financiers
  • Traders & Brokers

How will this Training Course be Presented?

Participants to this Introduction to Oil Trading & Price Risk Management training course will receive a thorough understanding on the subjects covered by the training course outline with the tutor utilising a variety of proven adult learning teaching and facilitation techniques. Training course methodology includes PowerPoint presentations short videos, case studies as well as active discussions.

Organisational Impact

After this training course, the organisation’s employees will be better capable of analyzing and assessing the crude oil and petroleum product markets, and how both physical and financial markets are organised. Crude oil and its derivative product trading and pricing will be extensively studied and analyzed.

The organisation will gain knowledge on:

  • The principle of financial the physical futures markets
  • The operation of the physical and financial oil markets
  • The impact of the shale industry
  • Trends in carbon emissions and carbon trading
  • Crude oil and petroleum product trading
  • Petroleum products price setting mechanisms

Personal Impact

Participant will be able to develop a deep knowledge with strong practical application in the following:

  • Different strategies international oil trade
  • Trading on the oil markets
  • The spot markets
  • Basic refining economics
  • Petroleum products price setting mechanism 
  • Derivative products, swaps, and options

Daily Agenda

Day One: Introduction to Crude Oil: A Finite Resource

  • Introduction to Upstream Oil & Gas Industry
  • Oil & Gas Reserves, Production, Consumption & Trade
  • The Impact of The Shale Industry
  • Trends in Carbon Emissions and Carbon Trading
  • Basic Refining and Refining Complexity
  • Refining Economics 

Day Two: A Market Price

  • Different Strategies
  • International Oil Trade 
  • Anatomy of The Crude Oil Pricing System
  • Prices on The Oil Markets
  • Hedging – Risk Management 

Day Three: Introductory Concepts in Oil Trading

  • Trading on The Oil Markets
  • The Spot Markets
  • Spot Crude Oil Prices
  • The Brent Market
  • Indexing Crude Oil Prices 

Day Four: Petroleum Products Price Setting Mechanism

  • How are Prices Reported?
  • The Physical Futures Markets
  • The Financial Futures Markets
  • The Historical Development of The Petroleum Exchanges
  • Futures Contracts
  • Pricing Structures: Backwardation and Contango
  • The Limitations of The Futures Markets 

 Day Five: Derivative Products: Swaps and Options

  • The Definition of An Option
  • The Cost of An Option
  • The Definition of a Swap
  • The Historical Development of The Petroleum Exchanges
  • USA / UK/ Singapore


  • On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates

In Association With

GLOMACS Training

Our collaboration with GLOMACS aims to provide the best training services and benefits for our valued clients

Visit Website ›

The Energy Training Centre

Our collaboration with The Energy Training Centre aims to provide the best training services and benefits for our valued clients.

Visit Website ›

Frequently Asked Questions

How can I register for a training course?

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to

When and how do I arrange payments?

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

When should I expect to receive confirmation of registration?

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

Is there a discount for more than one registrant/course?

For corporate fees and group registration, please send your query to

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All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

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