Aviation Fuels: Supply, Trading and Risk Management - AV1 

CPE Credits Awarded: 24
Categories: Trading, Derivatives, Hedging and Risk Management, Oil Industry, Aviation Fuels, Global Association of Risk Professionals (GARP) Approved Course

Course Date Duration Venue Price Register by Date Register
06 Nov 2017 3 Days London, UK Country: gb
£ (GBP)2,125.00+20%VAT
29 Sep 2017
05 Mar 2018 3 Days Singapore, Singapore Country: sg
$ (USD)3,300.00+7%GST
26 Jan 2018
01 Oct 2018 3 Days London, UK Country: gb
£ (GBP)2,125.00+20%VAT
24 Aug 2018

Gold CourseThis three-day workshop provides an overview of the supply, trading and risk management of the aviation fuels market. The course covers the key building blocks of knowledge for anyone needing to understand the jet fuel and aviation gasoline markets. Topics explored include the basics of aviation fuel production and refining processes, aviation fuels quality and specifications, market fundamentals of supply and demand, jet fuel trading, pricing mechanisms and the management of price risk. Delegates will get the chance to participate in industry case studies and trading and hedging simulations.

GARP rgbThe Oxford Princeton Programme is registered with GARP as an Approved Provider of Continuing Professional Development (CPD) credits. The Oxford Princeton Programme has determined that this program qualifies for 24 GARP CPD credit hours. If you are a Certified FRM or ERP, please record this activity in your Credit Tracker at http://www.garp.org/cpd

Anyone who needs to know more about the aviation fuels market including those working in refining, marketing, distribution, trading, operations, risk management, purchasing, credit, finance, contracts and IT within an oil company, airline, airport or aviation authority.

Aviation fuel trading and pricing

  • Purposes of trading
  • Trading patterns and trade flows
  • Trading strategies, including arbitrage and use of storage
  • Factors driving aviation fuel prices
  • Pricing mechanisms and price sources
  • Contract terms

Fundamentals of supply and demand

  • Key refining processes used to produce aviation fuels
  • Factors affecting quality standards
  • Quality considerations and use of additives
  • Possible future quality trends including the development of synthetic aviation fuels
  • Refinery economics and trends
  • Demand characteristics: volumes and geographic distribution
  • Trade flows

Distribution and logistics

  • Aviation fuel distribution chain
  • Overview of marine transportation
  • Overview of pipeline transportation

Price exposure and risk management

  • Impact of price volatility on fuel costs
  • Types of risk, including price and basis risk
  • Exposure and risk measurement
  • Risk management and reasons for hedging
  • Tools for hedging:
    • Overview of futures and swaps
    • Options-based hedges: use of caps, floors, collars, call spreads and three-ways
    • Basis risk and the use of basis swaps

Faculty

Ms Mary Jackson

Testimonials

“The instructor was a good lecturer and had so much knowledge and experience I could spend more time talking to." P.W., Air Partner Fuel

If you have attended a past course please provide us with some feedback.

UK: (+44) 1865 250521   |   USA: (+1) 713 343 1699   |   Singapore: (+65) 6722 3845

 

Email us at info@oxfordprinceton.com

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   The Oxford Princeton Programme, Inc. is not affiliated with Princeton University, Oxford University, or Oxford University Press.

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