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The Oil Trading Risks Middle East & Africa 2015 Summit, organised by IRN will take place on 2nd and 3rd of June at The Meydan Hotel in Dubai, UAE.
Industry experts will gather together to discuss the impact of price volatility on oil trading companies and ways to mitigate risks in lower oil price environment.
Organisers of the event said: “Oil companies are currently confronting the industry’s worst slump since the financial crisis of 2008. Volatility has increased dramatically over the last months; after peaking at $115 a barrel last June, oil prices have dropped by more than 50%.
“This trend together with changing currency rates (crude oil prices have recently rebounded on the weaker dollar), have a direct impact on the profit that oil trading companies are able to generate.”
The Oil Trading Risks Summit will look at these challenges through focused sessions on CTRM systems and price mitigation measures.
The conference will also look at the financial risks oil companies face, addressing currency and interest rate risks as well as hedging strategies to help mitigate them.
Speakers at the event include senior representatives from the Emirates National Oil Company (ENOC), National Bank of Abu Dhabi, Etihad Airways, Petro China, Shell, Oando, The Oil & Gas Holding Company (nogaholding), Hess Energy, Bharat Petroleum, Dragon Oil, Ikon Petroleum, and many others, who will share best practices with the audience on how to minimise risks at a very crucial time for the oil industry.
The Oil Trading Risks Middle East & Africa 2015 Summit is sponsored by the software solutions and consulting services provider, ComFin; and the provider of commodity trading and risk management software, Allegro.
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