Commodities Masterclass

This course is an introduction to the world of commodities.

Whilst many of the financial instruments are familiar to those in the financial markets there are fundamental and important differences. These are spelled out and explained across the energy sector in particular. The course looks in detail at the functioning of the physical markets and derivative products for oil, gas and power markets.

There are modules that encourage the participant to take the knowledge and delve deeper into the complexity of the risk and derivatives and some that promote analysis of real world situations that have fundamental bearing on the world around us.


This course is suitable for anyone new to Commodities.

Learning Outcomes

  • An introduction to Commodities
  • Supply and demand dynamics
  • Market participants
  • Risk transfer pricing
  • Oil Markets I
  • Oil Markets II
  • Oil Markets III
  • Oil Markets IV
  • Gas Markets I
  • Gas Markets II
  • Gas Markets III
  • Gas Markets IV
  • Power Markets I
  • Power Markets II
  • Power Markets III
  • Power Markets IV
  • Commodity derivatives
  • Commodity derivatives – forwards
  • Commodity derivatives – futures
  • NYMEX and ICE oil futures
  • CME and ICE gas futures
  • European and US power: Futures markets
  • Commodity swaps
  • Commodity swap pricing
  • Energy swaps
  • Swaps in crude oil markets
  • Trading – oil Contango arbitrage
  • Trading – ETF roll yield

Course Content

Introduction to Commodities

Unit 1 – An introduction to Commodities

Unit 2 – Supply and demand dynamics

Unit 3 – Market participants

Unit 4 – Risk transfer pricing

Oil Markets

Unit 5 – Oil Markets I

Unit 6 – Oil Markets II

Unit 7 – Oil Markets III

Unit 8 – Oil Markets IV

Gas Markets

Unit 9 – Gas Markets I

Unit 10 – Gas Markets II

Unit 11 – Gas Markets III

Unit 12 – Gas Markets IV

Power Markets

Unit 13 – Power Markets I

Unit 14 – Power Markets II

Unit 15 – Power Markets III

Unit 16 – Power Markets IV

Forwards and Futures

Unit 17 – Commodity Derivatives

Unit 18 – Commodity derivatives – forwards

Unit 19 – Commodity derivatives – futures

Unit 20 – NYMEX and ICE oil futures

Unit 21 – CME and ICE gas futures

Unit 22 – European and US power: Futures markets


Unit 23 – Commodity swaps

Unit 24 – Commodity swap pricing

Unit 25 – Energy swaps

Unit 26 – Swaps in crude oil markets


Unit 27 – Trading – Oil Contango arbitrage

Unit 28 – Trading – ETF roll yield

This Course Includes

  • Learn: 28 micro-learning on-demand videos
  • Check: 28 knowledge checks to validate understanding
  • Apply: 24 hands-on practical exercises and projects
  • Requirements: Access to a computer with an internet connection
  • Accessibility: Access on PC, mobile or TV
  • Certification: Certificate of completion with CPD record


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Why study with Alpha?

Innovation and creativity born from experience

We are thought leaders in instructional and learning journey design and holistic solution architects. We have extensive finance and investments experience combined with skills application to deliver performance improving results. We develop immersive learning environments that maximize time to productivity, support talent retention and added value to improving quality of hires.

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We are focused on mining the embedded organisational intellectual capital for the benefit of the next generation. We create and curate best in class practice gathered from our experience with the leading financial institutions. We design our programmes with the end in mind – what results are you trying to achieve with this intervention? What metrics will we set ourselves to achieve that?

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Quality and innovation, using current market and industry best practices, have made us a trusted partner in delivering dynamic and motivating training for the financial and capital markets. Our programmes are generation proof and responsive to evolving learner needs and styles. Our solutions use a multi-stakeholder engagement strategy that expands beyond relationships between the learner and learning provider. We create connections with managers, peers and the wider business to drive impactful return on investment..

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