Oil Operations and Logistics

This course is designed to give delegates a comprehensive picture of the importance of operations in the international trading of crude oil and refined products. Delegates will learn the role of operations in the overall downstream supply chain and how to take the most cost-effective decisions in the areas under their control. Exercises are used throughout the course to demonstrate the effect prices and freight rates have on decisions taken and how profit leakage can be understood and controlled.

Suitability – who should attend?

Those new to oil operating procedures or those needing to understand the importance of operations on trading profitability. This would include back and middle office personnel such as finance, banking, shipping and any other service supporting the front office.

By the end of the course delegates will be able to:

  • Use world scale, to charter a ship and to see the impact operations has on the oil trading profitability
  • Understand stock management and oil blending and the importance of quality considerations
  • The interaction between operators and traders will be addressed along with those operational factors which affect profitability
  • The impact of price exposure and price risk management on traders’ decisions and the knock-on effects for operations are also examined

Training Course Content:

  • Background Fundamentals
  • Quantity & Quality Measurement
  • Stocks & Storage
  • Operating Procedures
  • Shipping and Chartering
  • Performance and Credit
  • Risks, Exposure & their Management
  • Contracts
  • Control Mechanisms

8th - 19th June 2015 / 6th - 17th June 2016: Dubai
17th - 28th August 2015 / 15th - 26th August 2016: London
12th – 23rd October 2015 / 10th – 21st October 2016: South Africa - Cape Town

Two weeks training: £3,850
One week course: £2,200