Oil Product Trading & Operations (November 2025)

24-28 November 2025

CITAC’s Trading and Operations Course gives an insight into the crude oil and products trading markets and the operations and control of supply contracts, including shipping.

This five day course will cover and discuss the following topics:

  • New market dynamics
    • Impact of Dangote refinery
    • Effect of new exchange rate regime
    • Rewiring of smuggled product
    • Introduction of new product specifications
  • Pricing in oil markets
    • Benchmarks and differentials
    • Price makers and price takers
  • Trading oil
    • Market participants
    • Oil contracts and clauses
    • Product quality
    • Deal negotiations
  • Refining industry
    • Refining economics
  • The operations process
    • Documentation
    • Role obligations and rights
    • Letter of credit
    • Letter of indemnity
    • Cargo inspection
    • Areas of contention
    • Breach
    • Dispute resolution
  • The shipping market
    • Chartering
    • Freight costing and worldscale rates
    • Vessel vetting and nomination
    • AFRA rates and demurrage

This course is designed for those interested in gaining a thorough understanding of the
International oil trading business.

Course consultant : Christopher Heilpern, Business and Training consultant