World Energy Commodities Trading

Learn the fundamentals of how crude oil, refined products and natural gas are traded both in the physical (cash) market and the financial (paper/futures) market.

At A Glance

Industry Segment Natural Gas, Oil
Course Level Introductory to Intermediate
CPE Credits 15
DTN Credits 9
Competency Path Certified Energy Professional, Certified Energy Trading Professional, Natural Gas, Oil, Trading & Risk Management

What You Will Learn

Topics covered include:

  • Crude oil and natural gas composition/qualities
  • Transportation (pipeline, marine, rail) infrastructure and operations
  • Global supply and demand trends for energy
  • Crude oil and natural gas marketing and trading history
  • Physical crude, products and natural gas trading (points of trade, pricing, product types, benchmarking, contracts, LNG)
  • Arbitrage trading, economics of storage
  • Financial energy trading (futures/options, tools, contracts, hedging, margins, liquidity, forward curve, correlation, basis risk, spread trading)
  • Introduction to technical analysis / Trading (moving averages, range systems)
  • Over-the-counter instruments (swaps, swaptions, clearing house solutions)
  • Directional and volatility trading strategies
  • Trading model parameters, case studies, class exercises, trading plans (individual, corporate)

This is a dynamic class comprised of graphs, maps, point discussion slides, videos, in-class exercises and case histories involving varying time periods relevant for the concepts, principles, terminology being presented.

Who Should Attend

  • Professionals employed in the midstream sector (trading and transportation) who want to get a broader view beyond their particular role in the energy industry value chain.
  • Professionals who work in the upstream (exploration and production) or downstream (marketing and refining) sectors who want to know more about their counterparts in trading and marketing with whom they may have substantial interaction.
  • Professionals from outside of the industry who come from federal, state and local government positions or work in an industry that supports or provides finance/investment; equipment/materials, and/or service to the midstream.
  • Academic attendees and non-related industry people who are looking to gain insight into the current conditions and some best practices of this important sector.
  • Any firm affected by trading and marketing and the economic impact, including:
    • Crude, product and natural gas buyers, sellers and marketers
    • Refinery/gas plant managers
    • Non-commercial speculators
    • Pipeline operators
    • Supply and distribution staff
    • Export/import managers
    • LNG traders/marketers
    • NGL traders/marketers