Crude Oil Trader

2 weeks ago


Singapore PETROCHINA INTERNATIONAL (SINGAPORE) PTE. LTD. Full time
Crude Oil Trader Job Description

PETROCHINA INTERNATIONAL (SINGAPORE) PTE. LTD. is seeking a skilled Crude Oil Trader to join our team.

Key Responsibilities:
  • Develop a proprietary oil derivatives trading business within the Crude Trading department.
  • Trade physical crude cargos to achieve sustainable growth in earnings.
  • Use instruments such as swaps, futures, and options to express flat price views and hedge physical cargo.
  • Perform trading analysis, taking a view of the market with internal analytical work, supply/demand views, margins, sentiment, and communication with counterparties.
  • Construct trading strategies, global views, and methods for maximizing JV global asset base.
  • Speculate trading by trading flat-price, Brent/Dubai WTI Brent arbs, boxes, Brent and WTI Dubai spreads.
  • Identify trading opportunities and execute plans to create value for the Company.
  • Manage significant trading risk and generate profits for the Company.
  • Communicate market intelligence to other members of the Crude Oil trading Team.
  • Maintain and develop significant relationships with external counterparties.
Requirements:
  • Educated to degree level in a numeric/financial discipline.
  • Understanding of oil fundamentals, products, grades, qualities, geopolitical, and environmental influences on commodity markets.
  • Understanding of price exposure, risk profile, and related trading instruments and technical trading.
  • Solid knowledge of typical trading counterparties and a strong network.
  • Hedge fund, investment bank, or trade house prop seat background/experience is desired, or minimum 14 years relevant experience in the crude oil or products industry.
  • Proven yearly independent P/L success of 10 million USD.

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