Trader - Fuel Oil, Gasoline and Gas Oil

A Leading Investment Company in Oman

Muscat, Oman

Posted
Ref: OP492-01

Job description / Role

Main purpose of the job

- Working as the Trading Manager Gas oil, Gasoline and Fuel Oil. Responsibilities include developing and maintaining customers and managing all necessary trading procedures and accompanying control systems and processes to ensure the efficient and effective trading of company oil, cargo (commodities) and comply with statutory requirements.
- Highly motivated team player with the ability to lead an oil /cargo trading desk.
- To improve the profitability, structure and ultimately the value of the company by collaboratively developing and achieving the highest standards of oil/cargo trading, enabling trading solutions in the focused sector.

You will demonstrate a through understanding of:

- The Refinery Process
- Refining
- Refinery products
- Types of refineries
- The construction of refineries
- Where should they be located
- How the quality of crude influences the relative output of derivatives
- The value of refinery products
- The competition with bio-fuels
- Oil Pricing
- Benchmarks & indices
- Fundamental price drivers
- Geographical spreading
- Quality
- Reserves
- Currency of denomination
- Production (capacity)
- Consumption
- Transport & infrastructure
- Geo-politics
- Oil Trading
- Working of the oil markets
- Market participants
- The role of cartels (OPEC)
- Contract specifications.
- Trading unit
- Price quotation
- Trading months
- Trading at Settlement (TAS)
- Alternative Delivery Procedure (ADP)
- Physical vs. financial settlement
- Deliverable grades
- Structuring of contracts
- Bilateral transactions
- Bunker trading
- Singapore
- Fujairah
- Trading & Risk
- Markets
- Products
- Trading
- Hedging
- Arbitrage
- Speculation (proprietary trading)
- Risk Management
- Identification of risk types & kinds
- Operational risk
- Credit risk
- Market risk
- Measuring risk
- Value at Risk
- Controlling risk
- Hedging
- To assist the Trading Manager in the development and growth of the trading department
- Reporting
- The Trader reports directly to the Chairman

Requirements

- An experienced mid distillates trader, familiar with markets in the Middle East, Asia and South East Asia.
- Experienced, Highly motivate driven individual, with petroleum background, educated to degree level.

About the Company

A leading Investment Company in Oman.

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