(EnergyAsia, September 30 2011, Friday) — The Oxford Princeton Programme is offering the following workshops in Singapore for the last quarter of this year.

For details, please contact Sean Chiu of The Oxford Princeton Programme at +65-6837 8032 or schiu@oxfordprinceton.com.

Fundamentals of Petroleum Refining – A Non-Technical Introduction (FPR), October 3 to 4.

This two-day workshop is designed to introduce non-technical oil industry members to the fascinating field of petroleum refining.
Learn how a refinery works and how refinery operations affect global oil and product prices. New members of the industry will be given a great introduction to the industry. Marketing personnel will grasp the intricacies of how the products they market come to exist.
Those from the service side of the industry (brokerage, software, consulting) will get a first-hand view of this the most fundamental aspect of the oil industry.

Principles of International Oil Trading (TR0), November 9 to 12.

This course covers the basic principles of international oil trading and the allied fields of supply, transportation and refining. Through the medium of a case study, delegates will address day-to-day problems and will understand the relevant commercial driving forces in this area.
Delegates are introduced to the key elements affecting the international market of oil trading. Crude valuation, ocean tanker transport and freight are explored together with a basic overview of terminals and pipelines.

The structure of a refinery will be explained in the context of the need to produce marketable products. Aspects of product quality will be covered together with the key refining processes needed to achieve them.

International Oil trading – Advanced Techniques and Strategic Price Risk Management (TR2), November 14 to 16.

This course covers the advanced trading techniques applicable to the management of price risk in international oil trading. Through a variety of case studies, delegates will learn the techniques involved in trading and how to address day-to-day problems of managing the price risk associated with the role of producer, refinery or consumer with an integrated trading position.

The course focuses on the key markets, pricing and the mechanisms involved in trading. Aspects of the various exposures encountered in trading are covered.

Advanced trading instruments of swaps, CFDs and options are presented in detail, both from a theoretical and practical point of view, giving the delegates an insight into the application of these instruments in the development and management of a successful trading strategy.

Front to Back Office: Trading Controls and Best Practices (FTBO), November 14.

This fascinating and interactive workshop will give delegates a thorough understanding of best practice controls to be applied in commodity trading activities. Delegates are encouraged to think about the controls processes applied in their own operations, through interactive group case studies, in order to minimize the chances of similar expensive trading mistakes. Recent trading “failures” will be analyzed.

Value-at-Risk: The Basics and Beyond (VAR), November 15.

Value-at-Risk is the new benchmark for measuring and controlling market risk. Premier trading and marketing companies around the world use Value-at-Risk to maximise profit opportunities and minimize costly positioning mistakes. This one day programme teaches the important aspects of this risk management tool.

International Oil Trading – A Practical Approach to the Legal Issues for Successful Management of Claims and Disputes (TRL), November 16 to18.

This course covers areas of dispute that may arise in the performance of international shipping and trading contracts.

Using a mixture of current practice supported by legal interpretation and precedent, delegates will learn to avoid many of the pitfalls that may occur.
Real case studies and exercises will provide hands-on experience to enable delegates to draft, interpret and operate oil trading contracts to minimise the risk of dispute. An on-going case study will simulate events taking place in an arbitration.

Advanced Technical Analysis and Technical Trading (ATA), November 18.

This course examines how market participants apply theories of technical analysis to various trading timeframes through the presentation of advanced material and a series of interactive workshops. The timeframes covered include day trading and swing trading through a study of 5, 30, 60-minute and daily charts; also position trading through an examination of daily, weekly and monthly charts.

Oil Trading Orientation (OTO), November 30 to December 2.

This 3-day workshop is ideal for non-traders wishing to know more about the world of oil trading, or for delegates who are at the very beginning of an oil trading career.

Delegates will learn the terminology and key building blocks of knowledge for crude oil and petroleum product trading.

They will also get a flavour of what a trader’s job involves, through competitive team trading simulations focusing on different aspects of trading and risk management.
Topics explored include crude oil quality, product refining, blending and specifications, market fundamentals, technical analysis, key trading strategies, pricing mechanisms, derivatives trading, risk management and the mechanics of trading and operations.