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Job Description & How to Apply Below
We are seeking an experienced and driven Diesel & Naphtha Trader to join our trading desk. In this mid-level role, you will be responsible for managing and growing our physical and derivative trading books for middle distillates (specifically Diesel/Gasoil) and light distillates (Naphtha). The ideal candidate should have a proven track record of executing profitable trades, managing product-specific risk, and leveraging market arbitrage and operate with a high degree of independence, focusing entirely on market commerciality, counter party relationships, and book optimization, while collaborating with our dedicated execution teams.
TradingPortfolio Management
- Execute physical and paper trading strategies for Diesel Gasoil and Naphtha to meet established P L targets
- Identify and execute commercial arbitrage opportunities Evaluate blending economics and quality giveaway to maximize margins
- Monitor global and regional supply demand balances refinery run rates petrochemical margins for Naphtha feedstock and transport demand for Diesel to anticipate market movements
- Maintain and expand commercial relationships with refiners petrochemical producers major distributors brokers and state owned oil companies
- Manage price exposure basis risk and structure-hedging programs using futures swaps and options in strict compliance with corporate risk policies
- Negotiate pricing quality and delivery terms for physical supply and purchase contracts ensuring smooth handoff to the operations team for logistics and delivery
- Skills
- 3 to 6 years of direct trading experience in refined products specifically focusing on Diesel Gasoil Naphtha or closely related distillate books
- Education
- Bachelor s degree in Business Finance Economics Engineering or a related field
- Product Expertise
- Deep understanding of chemical specifications quality parameters and blending practices for both Diesel e g sulfur PPM limits and Naphtha e g paraffin content gravity
- Market Pricing Knowledge
- Strong working knowledge of relevant pricing benchmarks e g Platts Argus ICE Gasoil and regional pricing mechanisms e g Arab Gulf Singapore Rotterdam
- Risk Proficiency
- Solid experience using financial derivatives to hedge physical exposure manage crack spreads and trade paper-to-physical structures
- Commercial Acumen
- Strong negotiation skills with a demonstrated ability to structure complex physical supply and purchase contracts
- An active existing network of counter parties distributors and buyers in the middle and light distillate sectors Experience utilizing CTRM Commodity Trading and Risk Management platforms for trade entry and position monitoring Strong collaborative skills to work effectively with internal back office risk and operations teams
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