Commercial & Trading Aspects of Oil Refining

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Attend this practical and interactive four-day training course and enhance your knowledge on the following key areas:

  • Crude selection
  • Physical oil markets, pricing mechanisms and price exposure
  • Introduction to Brent
  • Hedging instruments: forward and futures
  • Refinery products and processes
  • Swaps
  • Dated Brent and the BFO market and CFD's
  • Trends and developments
  • International product trade flows and transport
  • Refinery margins and economics
  • Management issues


  • Briefing and refining and trading simulation
  • Post refining and trading simulation case study

Learn how to optimise refinery margins and manage the profitability of commercial refining. Everyone associated with refining should be profit focused. This course will provide in-depth knowledge of the refining business and an understanding of how trading/hedging can improve margins and reduce risk.

How this Commercial and Trading Aspects of Oil Refining course will help you

You will:

  • Understand the refinery configurations and main processes
  • Define refinery margins and learn about margin evolution and regional variation
  • Examine refinery economics and assess refinery profitability and performance
  • Develop skills in trading and hedging
  • Trade refinery components and feedstocks
  • Investigate refining in an environmentally conscious world
  • Assess the future of refining

Briefing and refining and trading simulation

An exciting and challenging team exercise run throughout the course, where participants trade and hedge refinery products. The key objective is to optimise margins and manage profitability in fluctuating market conditions.

"It was a great combination of theory and practice"
- Raiffeisen Bank Ltd

 "It was a great learning experience providing rich knowledge in oil trading and other related processes. I loved it."
- Ministry of Energy & Mineral Development - Uganda

 "Excellent experienced lecturers. The simulation was excellent."
- Saudi Aramco



Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:

Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.


We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:

Read more about our offering or complete a call back request to speak to a learning specialist.


Why us

We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product