Job Description

A great opportunity to join this fully integrated oil & energy business based in London who are looking to hire an experienced Fuel Oil Trader.  

Main responsibilities as follows:
  • Trading of physical fuel oil and associated derivatives;
  • Managing price risk exposure on the trading book;
  • Building and maintaining strong relationships with trading counterparties;
  • Negotiating term and spot contracts with refiners, traders and end users;
  • Maintaining a deep understanding of the fuel oil market and energy markets in general;
  • Devising proprietary trading strategies, both on physical and derivatives;
  • Liaise with Refining and Marketing to optimise the supply of feedstock and the sale of products;
  • Liaise with Petrochemical to optimise the sale of products;
  • Liaise with Shipping for the chartering of shipping, on spot or term basis;
  • Provide analytical assessments to support trading decisions.
  • Coaching junior members of the team
  • negotiate and conclude market transactions on a spot/term basis 
  • locate and acquire optimal feedstock for refining system;
  • locate and sell company's system products to the best buyer;
  • be able to develop an asset backed trading strategy 
  • provide insight and support to the development of the long-term products trading strategy
  • support the origination team in developing long-term asset and contractual positions 
  • liaise with charterers in shipping and operations to ensure all physical movements are executed safely and efficiently;
  • guide and mentor the Trading Analysts dedicated to the oil products trading team;
The right candidate will have previous experience working in a trading function ideally in heavy products. 

For more information, please contact Peter Morgan at p.morgan@elevenassociates.com