International Oil Supply, Trading & Market Dynamics
London · Dubai · Kuala Lumpur — 2026
14–18 Sep · London 5–9 Oct · Dubai 19–23 Oct · Kuala Lumpur 3 Days 5-Star Hotel
About This Course
Course Overview
In the "perfect storm" of the energy commodity markets, oil trading is a business of decisions under uncertainty. This 3-day course builds the analytical foundation needed to understand crude oil markets, price behaviour and value drivers across the upstream–downstream value chain.
Participants explore how supply, demand, refining, transportation and pricing mechanisms shape market outcomes. They examine how uncertainty, risk and market structure influence trading positions and valuations. Through practical tools — including cash-flow logic, pricing models, derivatives, hedging strategies and Monte Carlo simulation — participants learn how to quantify exposure, evaluate opportunities and make disciplined trading and risk-management decisions in volatile energy markets.
Delivered by Dr. Babak Jafarizadeh — former Senior Economic Analyst at Equinor, Assistant Professor at Heriot-Watt University and Lecturer at UC Berkeley. Sessions are held in London, Dubai and Kuala Lumpur in 2026.
Programme Content
Key Topics
01
Fundamentals of Crude Oil & Products Business
Oil and gas industry — value chain from subsurface to markets
Energy landscape and the future of oil and gas
Global crude oil and product markets: supply and demand forces
Refinery business, product markets and crude oil pricing mechanisms
Refinery margins — product blending, cracking and petrochemicals
Case study: refinery planning and comparing refinery setups by feedstock
02
Global Markets, Pricing & Trading Instruments
Uncertainty and risk in energy commodity markets
Market structure: role of OPEC and energy geopolitics
Supply, transportation and trading: light vs heavy, sweet vs sour differentials
Commodity exchanges, benchmarks and market instruments
Spot trading vs derivatives trading: forwards, futures and options
Introduction to Monte Carlo simulation for price risk analysis
Case study: simulation model for price risk and trading position analysis
03
Risk Management in Energy Commodity Markets
Risk in financial commodities investments
Hedging strategies for risk management
Hedge-and-Forget vs Dynamic Hedging approaches
Convenience yield in futures prices
Contango and backwardation — opportunities for value creation
Emerging trends: digital technology, ESG and emission markets
Case study: tools and techniques for risk management and maximising value
Learning Outcomes
What You Will Learn
By the end of this masterclass, you will be able to:
01Identify key structures of global crude oil and product markets and explain supply and demand dynamics
02Explain crude oil price formation, refinery margins and key market drivers across the upstream–downstream value chain
03Apply trading instruments including spot, futures, forwards and options to assess market exposure and value
04Analyse uncertainty, risk and market dynamics using Monte Carlo simulation and pricing models
05Evaluate hedging strategies including Hedge-and-Forget and Dynamic Hedging to manage energy commodity risk
06Assess contango, backwardation and convenience yield to identify trading opportunities and maximise value
Dates & Pricing
Sessions & Fees
All sessions are held at five-star hotel venues. Classroom only — no virtual option.
Dates
Location
Format
Fee
14–18 Sep 2026
London, UK
Classroom
£3,300 (+20% UK VAT)
5–9 Oct 2026
Dubai, UAE
Classroom
£3,300 (no VAT)
19–23 Oct 2026
Kuala Lumpur, Malaysia
Classroom
£3,300 (no VAT)
Target Audience
Who Should Attend
This masterclass is designed for professionals working in oil trading, risk management and commercial market analysis globally.
Oil Traders & Commercial Teams
Professionals managing crude oil and product trading positions and exposure
Market Analysts
Analysts assessing price formation, market structure and supply-demand dynamics
Risk Managers
Professionals responsible for hedging strategy and commodity risk management
Finance & Treasury Teams
Finance professionals managing energy commodity exposure and derivatives
Refinery & Supply Teams
Operations and supply professionals needing a commercial trading perspective
NOCs & IOCs
Downstream commercial professionals in national and international oil companies
Common Questions
Frequently Asked Questions
Who delivers this course? +
Dr. Babak Jafarizadeh — a senior consultant and engineering economist with a PhD from the University of Stavanger, academic appointments at Heriot-Watt University and UC Berkeley, and former Senior Economic Analyst at Equinor (Statoil). Author of Economic Decision Analysis for Project Feasibility Studies.
Where and when are the 2026 sessions? +
3 sessions: 14–18 September in London, UK; 5–9 October in Dubai, UAE; and 19–23 October in Kuala Lumpur, Malaysia.
What is the course fee? +
£3,300 per delegate. The London session is subject to 20% UK VAT. No VAT on Dubai and Kuala Lumpur sessions.
What analytical tools are covered? +
The course covers Monte Carlo simulation, cash-flow logic, crude oil pricing models, derivatives valuation (futures, forwards, options) and hedging strategies including Hedge-and-Forget and Dynamic Hedging.
Can this be delivered in-house? +
Yes. Contact j.rogus@londonpetroacademy.co.uk for a tailored in-house proposal.
All London Petro Academy courses are available as fully customised in-house programmes delivered at your premises — Dubai, Houston, London, Kuala Lumpur or any location worldwide.
