Petroleum Products Trader and Supply

Job Petroleum Products Trader and Supply Quik Trip
• Tulsa, OK, US

This position is responsible for trading assigned regions as required. Improve cost of product delivered to stores by managing the basis risk associated with purchasing and hedging pipeline product for exchange and throughput agreements. Evaluate mid and long-term market price relationships to improve the department's ability to take advantage of market opportunities. Trade markets on speculative basis to generate profit.

Lead the assigned market(s) supply groups. Assist and consult as required for other regional supply groups Monitor statute of limitations on all open audits and keep up with extension requests.

Develop, recommend, and implement supply portfolios for each assigned market(s). Lead daily supply decisions to optimize rack supply versus bulk supply. Ensure that each market has adequate supply of product.

Direct the bulk purchasing activities for all markets (gasoline and diesel fuel). Negotiate spot pipeline purchases. Manage price and basis positions. Participate in negotiation of all term pipeline contracts.

• Negotiate spot pipeline purchases
• Manage price and basis positions
• Manage daily basis positions
• Assist in managing basis positions in assigned market(s)

Generate and execute speculative trade positions. Manage these positions daily according to each strategy's parameters and Quik Trip guidelines. Participate in daily strategic supply meetings with responsibility for reporting market and basis trends as well as discussing trading positions and opportunities. Assist and advise with rack purchasing activities for assigned market(s). Help and participate as required for other regions. Develop exchange and inventory balance strategies to optimize market opportunities.

Independently identify trading and supply opportunities by analyzing historical relationships.

Reports to:

Vice President of Petroleum Supply & Trading. Directly supervises: N/A. Indirectly supervises: N/A.

Inside the Company:
Petroleum department personnel. Outside the Company:
Software Vendors, NYMEX Brokers, Cash Market Brokers, Industry Contacts.

• College degree in Information Systems, Accounting, Math or Finance.

• Same.

• 5 years in analytical/industry position or equivalent experience.

• Commodity trading, petroleum industry analytical work.

• Excellent customer service, oral and written communication, analytical and organizational skills.
• Ability to make independent decisions when required.
• Computer skills fluent enough to generate models from Excel, interact with industry personnel over the Internet, and generate reports from Word and other specialized software programs.
• Curiosity and willingness to engage with emerging technologies like AI for market modeling and analysis.

Compensation commensurate with experience

Quik Trip

Nearest Major Market:
Tulsa

Nearest Secondary Market:
Oklahoma