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Language of Energy / Commodity Traders
Rating: 3.9 out of 5(20 ratings)
242 students

Language of Energy / Commodity Traders

Quickly learn 100 of the most important terminologies widely used by physical energy and commodity traders
Created byChirag Ahuja
Last updated 7/2020
English

What you'll learn

  • Speak Commodity and Energy Trading
  • Get familiar with the most fundamental concepts in the energy / commodity trading world
  • Better communicate with traders / risk managers / industry professionals
  • Quickly prepare for energy / commodity trading interviews

Course content

1 section • 11 lectures • 1h 7m total length

  • Talk like a trader 1-109:22

    Learn to talk like a trader by exploring over-the-counter contracts, annual contract quantities, access charges, and arbitrage strategies, including backwardation, contango, and ancillary services.

  • Talk like a trader 11-207:54

    Explore baseload and peak load concepts, benchmark crude pricing with WTI, Brent, and Dubai, and key ideas like basis risk, netting, blending, and cash settlement in commodity trading.

  • Talk like a trader 21-307:33

    Learn how storage costs, insurance, and opportunity cost influence commodity decisions, and how city gate, wellhead prices, crack spreads, credit risk, day-ahead markets, nominations, and dispatch operate.

  • Talk like a trader 31-406:38

    Explore how gas hubs such as the Hendee Hub drive price discovery at delivery points, and learn margins, margin calls, market risk, mark-to-market, and imbalance concepts.

  • Talk like a trader 41-504:51

    Explore how power purchase agreements establish long-term price, duration, and obligations in energy trading, and reveal key concepts like spark spread and take-or-pay.

  • Talk like a trader 51-552:52
  • Talk like a trader 56-604:35

    Discover cascading contracts that bundle months into quarters to boost liquidity, with confirmations, and see how derivatives link to underlying commodities, including assay analysis and gas cushion in storage.

  • Talk like a trader 61-703:37

    Explain how traders use bullish and bearish views, key terms like bill of lading and cash-and-carry, penalties and despatch, and differentiate dry versus wet gas and prompt lifting.

  • Talk like a trader 71-807:29

    Learn how crude oil landed cost is calculated, including crude and transportation, insurance. Explore daisy chain brokers, proof of product, proof of funds, and sweet vs sour crude.

  • Talk like a trader 81-905:57

    Analyze how fracking influences gas and oil markets, and how net back measures revenue per barrel after costs, hedging, and transportation, with trading concepts like open interest and market making.

  • Talk like a trader 91-1006:30

Requirements

  • English

Description

This course is designed to impart you with the most commonly used jargons in the world of physical energy and commodity trading.

We cover 100 important and most fundamental terminologies you must know if you are getting into the world of Oil, Gas, Power, Coal, Agriculture and Tanker trading.

It is designed for beginners and intermediates. I also cover some real world examples of how these words are used.

After doing this course, you will never feel like a fish out water ever again when people around you discuss trading.

I cover the following 100 terminologies in easy to consume bite size video lectures with some great background pictures to help you recall better:

  1. Over the Counter

  2. Access Charge

  3. Accrual Accounting

  4. Load Aggregation

  5. Alternative Delivery Procedure

  6. Ancillary Services

  7. Annual Contract Quantity

  8. Arbitrage

  9. Backwardation

  10. Contango

  11. Barges

  12. Baseload

  13. Peakload

  14. Basis Risk

  15. Benchmark Crude

  16. Netting

  17. Blending

  18. Book Out

  19. Bundled Services

  20. Capacity Trading

  21. Carrying Charge

  22. City Gate

  23. Crack Spread

  24. Credit Risk

  25. Day Ahead Market

  26. Heating / Cooling Degree Day

  27. Demand Side Management

  28. Dispatch

  29. Force Majeure

  30. Nominations

  31. Hubs

  32. ISDA

  33. Margins

  34. Market Risk

  35. Mark to Market

  36. Net Present Value

  37. OPEC

  38. Paper Market

  39. Phelix

  40. Imbalance

  41. Power Purchase Agreement (PPA)

  42. Sleeving

  43. Spark Spread

  44. Dark Spread

  45. Quark Spread

  46. Take or Pay

  47. TTF

  48. Up/Mid/Down Stream

  49. Front / Mid / Back Office

  50. Value at Risk (VaR)

  51. Volatility

  52. Argus / Platts

  53. Density Escalation

  54. Master Agreement

  55. Blotter

  56. Cascading

  57. Confirmations

  58. Derrivatives

  59. Assay Analysis

  60. Working Gas / Base Gas

  61. Bearish / Bullish

  62. Bill of Lading (B/L)

  63. Cash and Carry

  64. Demurrage

  65. Dry Gas

  66. Wet Gas

  67. Lifting

  68. Parking

  69. Prompt

  70. Commingling

  71. Crude Oil Landed Cost

  72. Wharfage

  73. Daisy Chain

  74. Proof of Product / Proof of Funds

  75. Chasing Rainbows

  76. Mandates

  77. Sweet / Sour Crude Oil

  78. Light / Heavy Crude Oil

  79. Mercaptons

  80. Scalping

  81. Fracking

  82. Netback

  83. Open Interest

  84. Prop Shops

  85. Agency Trading

  86. Market Making

  87. Inco Terms

  88. Middle Distillates

  89. Bottom of the Barrel

  90. Flat Position

  91. Offtake Agreement

  92. Origination / Sourcing

  93. Bid / Ask / Spreads

  94. Cash / Spot Markets

  95. Liquidation

  96. Net Position

  97. E/CTRM

  98. Hedge

  99. Straddle

  100. Wheeling

Who this course is for:

  • Beginners who wish to learn more about energy / commodity trading
  • Professionals supporting trading activities and wish to better communicate with their colleagues / business users
  • Students who wish to crack energy / commodity trading interviews

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