[Webinar]: Navigating Oil Markets: Understanding the Difference Between ICE Brent and NYMEX WTI Futures

[Webinar]: Navigating Oil Markets: Understanding the Difference Between ICE Brent and NYMEX WTI Futures

New Seminar

Overview

Oil market participants rely on crude benchmarks to navigate volatility and to intelligently manage and take risks. It is important to understand how different contracts work and the ways market fundamentals can impact performance. During March 2020 and April 2020, crude prices were under severe downward pressure, mainly due to an unprecedented demand shock and also to severe oversupply. This was underscored by negative WTI prices on April 20, 2020.

So what are the differences between ICE Brent and NYMEX WTI? Could the same thing happen to ICE Brent prices?

Join Mike Wittner, head of oil market research at ICE, to learn more about how the oil markets work.

Objective

By the end of the seminar, participants will be able to:
- Understand the difference between how ICE Brent and WTI futures contracts work
- Understand the difference between how market fundamentals impact the performance of the two different contracts

Who should attend

Financial professionals who trade or are interested to trade crude oil markets.

Speaker/Course Instructor

Mike WITTNER
Mike Wittner is Head of Oil Market Research for Intercontinental Exchange. Mike joined ICE in 2019. He leads a robust research effort to continuously analyze and anticipate changes in oil market structure and fundamentals. Mike and his team support oil sales and business development at ICE in creating new contracts and evolving existing contracts, in order to meet the hedging, trading, and investment needs of its customers around the world.

With more than 25 years of experience in oil market analysis and, before that, 8 years of experience in the geosciences, Mike has extensive knowledge of the global and regional crude oil and refined product markets, geopolitics, and non-fundamental oil market drivers.

From 2007-2019, Mike was the Global Head of Oil Research for Societe Generale Corporate & Investment Banking, where he was a Managing Director. He was directly responsible for short-term and long-term global oil market analysis and forecasting. Mike was ranked in the top 4 for oil market research in 2009-2019, according to Risk and Energy Risk magazines, including 7 consecutive years at #1 in 2013-2019. Before that, he held a similar position at Credit Agricole, as well as senior analytical roles at Koch Supply & Trading, the International Energy Agency, and PIRA Energy Group (now part of S&P Global Platts). Before getting his MBA, Mike worked as a geologist and project manager for an engineering firm and as an analyst at the Central Intelligence Agency.

Mike holds a BS in Geology from Cornell University and an MBA in International Business from George Washington University.

Mike is a regular speaker at industry conferences and seminars. His commentaries on oil market developments have been frequently quoted in the international media and he has appeared regularly on broadcast news. Media interviews have included CNBC, Bloomberg TV, CNN, BBC, CBC, Wall Street Journal, Financial Times, New York Times, Economist, Bloomberg Business Week, the wire services, and the energy trade press.

Details

Code
TSTOT20000301
Date & Time
Wednesday, 24 Jun 2020 (7:00PM - 8:00PM)
Venue
Virtual Platform
Language
English
Level
Introductory
Hours
SFC:1.00, PWMA:1.00

Please note: This webinar will be delivered via WebEx.  To qualify for CPT/OPT hours, participants are required to attend the full webinar.

You may want to check if WebEx works on your device prior to enrolment, click HERE to test.