Shell and ENOC are set to join industry experts at the Oil Trading Risks Middle East & Africa 2015 Summit to demonstrate risk mitigation in oil trading.
With oil being such a volatile, political and essential commodity, managing the risks related to its trading has become a very important part of the strategy for oil trading companies to maintain their profits.
Companies operating within the Middle East and Africa regions have to carefully observe the market trends of these areas and the region-specific risks in order to adapt their risk management strategies accordingly.
Senior level speakers from oil trading houses and oil consuming companies will gather to discuss market, financial, political and counterparty risks associated to oil trading.
The summit, held by IRN next week on 2nd-3rd June in Dubai at The Meydan Hotel will address exactly these issues.
The event will begin on the first day with a panel discussion on risk management in the Middle East and Africa that will address the current status and trends in the region, offering a comparison with risk management strategies in Europe.
Senior representatives from Golden Crown, ENOC and Ikon Petroleum will be amongst the panellists.
The session will be followed by a presentation around reducing risks related to entering new markets in Africa, led by Mr Shabbir M. Shikari, Manager – Risk Management at ENOC.
Speakers at the conference will also provide information on trade sanctions, technological tools to identify and mitigate risks, new oil products and their impact on markets and pricing or price risk minimisation through an adequate hedging strategy.
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