Oil Trader Job Description
Oil trader
provides more contribution on trading strategies by generating ideas and collaborating with more senior trading team members:.
Oil Trader Duties & Responsibilities
To write an effective oil trader job description, begin by listing detailed duties, responsibilities and expectations. We have included oil trader job description templates that you can modify and use.
Sample responsibilities for this position include:
Provide both commercial and operational support to the physical supply and cargo trading team globally all domestic cargo and supply business development
Assist in the disposition of crude by rail to Pad 2 and Pad 3 refiners
Develop a storage and blending business when economical
Trade domestic grades and Brent/WTI arbs
Help develop broader portfolio strategies
Develop & foster a network relationship of international & domestic buyers, negotiate sales terms, and ensure all aspects of physical risk are covered in export cargo transactions
Work closely with crude oil scheduling group, credit, derivatives, and risk controls to communicate activity for sales period and afterwards for proper recording
Provide analysis on short term & long term opportunities and becomes liaison between marketing and senior management on commercial opportunities and risks in the absence of Director of Crude Marketing
Appropriately sizes, understands and manages risk in the portfolio commercially
Take into consideration, risk, credit costs and the competitive environment when pricing
Oil Trader Qualifications
Qualifications for a job description may include education, certification, and experience.
Education for Oil Trader
Typically a job would require a certain level of education.
Employers hiring for the oil trader job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Business, Economics, Finance, Engineering, Math, Management, Statistics, Business/Administration, Latin, Agribusiness
Skills for Oil Trader
Desired skills for oil trader include:
Trading strategies within financial markets
Using various trading systems and algorithmic trading platforms
Pipelines
Refinery processes and upstream activities
Tankage and traditional refining outlets
Accounting and risk management preferable
Canada NGLs and Crude Oil markets and experience trading in this market
Canadian & US crudes
Canadian crude
Canadian crude trading
Desired experience for oil trader includes:
Full knowledge and understanding of regulatory rules in both physical and financial crude oil markets and potential impacts if these rules change
Understanding of crude oil flows into and out of the U.S. mid-continent
Five or more years of prior crude oil trading experience related to North Sea energy markets, with a particular focus on BFOE and Dated Brent
Experience dealing with regulatory rules in both physical and financial crude oil markets and working through potential impacts when these rules change
Technical understanding of the relationship between physical and financial crude oil markets, knowledge of macro and micro economics and how these impact commodity pricing
Deep understanding of inter-regional crude oil flows, refinery operations and shipping markets
Oil Trader Examples
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Oil Trader Job Description
Job Description Example
Our company is growing rapidly and is hiring for an oil trader. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for oil trader
- Cover a full range of Refined Products and Crude as required
- Carry out Trading Research such as Supply and Demand Balances and other fundamental data
- Support growth of global crude trading business
- Create value from logistics and storage plays (where market structure supports it)
- Complementary derivative trading to add value from market knowledge, when and where appropriate and at discretion of supervisor
- Build strong internal relationships with the rest of the Commercial organisation and our key Downstream customers
- Build relationships with external trading counterparties in order to understand their requirements, strategies, drivers, business portfolio and market views
- Consulting with Supply to determine refinery requirements, and developing optionality in crude supplies
- Working with traders in our Trading offices across the world to develop and implement trading strategies
- Developing and enhancing counter-party relationships in order to expand our market presence and increase trading potential
Qualifications for oil trader
- You should have an extensive list of contacts across the European energy market participants
- Experience in commodity industry (Supply chain and trading)
- Ability to deal with ambiguity, effective decision making
- Appetite for risk, comfortable taking and managing risks
- Challenging, inquisitive
- USA Series 3 certification will be required 2 months after commencement
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Oil Trader Job Description
Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of oil trader. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for oil trader
- Manage NGL fractionation capacity portfolio in Canada and lead negotiations for required service (including storage, rail and truck loading) with third party providers
- Work with schedulers to balance company positions in various pipeline and fractionation infrastructure
- Lead negotiations for acquisition of transportation/fractionation capacity required for current production and potential full field development
- Work closely with Joint Ventures group to provide commercial support and ensure alignment
- Support operations in the daily/monthly allocation process
- Support middle and back office in contract and document negotiation, approvals, accounting, invoicing
- Assist the Upstream business in modelling the economic tiers of production to determine shut-in priorities as the situation arises
- Supply, marketing and trading of NGLs and Crude Oil in the Americas, as part of a global Trading team with offices in Houston, Madrid and Singapore
- Devising proprietary trading strategies, both on physical and derivatives
- Liaise with Refining and Marketing to optimise the supply of feedstock
Qualifications for oil trader
- The position requires minimum 7 years experiences in trading industry with 2-3 years’experience in energy (Petroleum, gasoil) trading as a must
- Minimum of 7 years’ experience in the Canadian oil marketing and logistics field
- ONLY CANDIDATES MEETING THE ABOVE REQUIREMENTS WILL BE CONSIDERED
- FOR SERIOUS CONSIDERATION, PLEASE INCLUDE YOUR SALARY REQUIREMENTS
- Minimum of 5 years of related energy industry experience, including Commercial Negotiation experience and Refinery Logistics experience
- Crude experience preferred
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Oil Trader Job Description
Job Description Example
Our growing company is looking for an oil trader. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for oil trader
- Develop and execute physical and financial crude trading strategies
- Build and maintain key relationships with other trading companies, refiners and producers
- Develop and present analysis to management to support future trading positions
- Track and communicate to colleagues developments in the market and relevant market intelligence, including supply and demand balances and competitor activities
- Support the origination team in developing long-term asset and contractual positions in line with the ETS long-term crude trading strategy
- Liaise with colleagues in shipping and operations to ensure all physical movements are executed safely and efficiently
- Upon conclusion of any transaction, to enter all the details into the internal trading system in a timely and accurate fashion
- Ensure all trading activity is carried out in compliance with all relevant policies and regulations
- Trade domestic crude oil grades, time-spreads and price
- Strengthen Musket’s brand as a reliable supplier to domestic refiners
Qualifications for oil trader
- Technical understanding of the relationship between physical and financial North American/Latin American crude oil markets, knowledge of macro and micro economics and how these impact commodity pricing
- A general knowledge of financial trading to understand how it can be utilized to manage risk and optimize physical positions
- Have experience in the energy industry including crude oil commercial negotiation (five years+ as a guide)
- Minimum of a Bachelor’s degree combined with a minimum of 5 years’ feedstocks and/or Fuel Oil trading experience
- Strong logistics and trading knowledge of the domestic U.S. feedstocks and fuel oil market, notably the Gulf Coast and its interplays with international trade flows
- Experience and expertise in global feedstocks and fuel oil markets and chemical processes as related to distillates
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Oil Trader Job Description
Job Description Example
Our innovative and growing company is hiring for an oil trader. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for oil trader
- Curve maintenance, trade booking, systems development to ensure the IT platform remains fit-for-purpose
- Report regularly to senior management on market developments, trading decisions and strategy, P&L moves, budgeting and medium term fundamental views
- Work closely with Middle Office regarding risk reporting methodology and P&L
- Establish relationships with colleagues from related teams to understand physical/contractual market constraints that may affect trading
- Experience of physical and paper trading in fuel oil and distillate markets
- Established network of regional/global contacts
Qualifications for oil trader
- Proven ability to develop new business relationships and to capture new opportunities
- Self-starting team player with the ability to multitask in a dynamic high-pressure team environment
- Mainly focusing on physical trading but also knowledgeable in the use of futures and derivatives
- Willingness to meet occasional after hours work needs and to travel on an intermittent basis
- A minimum of a Bachelor’s degree in a relevant field
- A minimum of 5 years experience in crude oil trading
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Oil Trader Job Description
Job Description Example
Our growing company is searching for experienced candidates for the position of oil trader. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for oil trader
- Self-starter, commercially astute and innovative
- Powerful communicator and influencer
- Strong analytical and logistics skills
- Knowledge of macro crude oil market fundamentals and drivers
- Very strong interpersonal and networking skills
- Attended TAP
Qualifications for oil trader
- Proficiency in Microsoft products (excel, word & power point), writing proposals, economic analyses
- Bilingual essential
- Understands client needs and Sales requests
- Proven track record in base oil trading and a wide network of relevant and deep relationships
- Deep understanding of base oil supply opportunities, arbitrage, risk management, sale channels, lubricant blending and formulations and an established network of suppliers/customers and industry contacts
- Strong customer relationship building and management skills