Fuel Oil Trader
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Key skills for this role
About the Role
Montage Commodities seeks an experienced Fuel Oil Trader to develop and expand fuel oil trading business. The role involves sourcing, trading, and marketing fuel oil products, building relationships, negotiating contracts, and managing risks.
Key Skills for This Role
Responsibilities
- Develop and manage fuel oil trading activities in regional and international markets
- Identify and establish relationships with refineries, traders, suppliers, and end users
- Source and market fuel oil products including HSFO, LSFO, VLSFO, Marine Fuel, and related products
- Negotiate purchase and sales contracts to maximize trading margins
- Monitor market trends, pricing movements, supply demand fundamentals, and competitor activities
- Track vessel movements, import/export data, refinery operations, and market developments
- Identify arbitrage opportunities and new trading prospects
- Evaluate commercial, operational, and credit risks associated with transactions
- Coordinate with suppliers, logistics providers, inspection companies, and customers for smooth execution
- Resolve operational issues related to loading, discharge, documentation, and product quality
- Develop long term relationships with key market participants
- Attend industry events, conferences, and networking opportunities
Requirements
- Bachelor's degree in Business, Finance, Engineering, Supply Chain, or related field
- Minimum 5 years of experience in fuel oil trading or petroleum products trading
- Proven track record of generating profitable trading business
- Established network of fuel oil suppliers, traders, and buyers
- Strong negotiation and commercial skills
- Excellent understanding of fuel oil markets and pricing mechanisms
- Knowledge of international trade terms, shipping, and logistics
- Strong analytical and risk assessment capabilities
- Proficiency in Microsoft Office, trading platforms, and market intelligence tools
- Excellent communication and relationship building skills
Full Job Posting
Position Overview
- Seeking an experienced Fuel Oil Trader to develop and expand fuel oil trading business.
- Responsible for sourcing, trading, and marketing fuel oil products, building relationships, negotiating contracts, managing risks, and achieving profitability targets.
Key Responsibilities
- Develop and manage fuel oil trading activities in regional and international markets.
- Identify and establish relationships with refineries, traders, suppliers, and end users.
- Source and market fuel oil products, including HSFO, LSFO, VLSFO, Marine Fuel, and related petroleum products.
- Negotiate purchase and sales contracts to maximize trading margins.
- Monitor market trends, pricing movements, supply demand fundamentals, and competitor activities.
- Track vessel movements, import/export data, refinery operations, and market developments.
- Identify arbitrage opportunities and new trading prospects.
- Maintain up to date market information and provide regular market reports.
- Evaluate commercial, operational, and credit risks associated with transactions.
- Coordinate with finance and management regarding credit limits and exposure.
- Ensure compliance with company policies and trading procedures.
- Coordinate with suppliers, logistics providers, inspection companies, and customers to ensure smooth transaction execution.
Requirements
- Bachelor's degree in Business, Finance, Engineering, Supply Chain, or a related field.
- Minimum 5 years of experience in fuel oil trading or petroleum products trading.
- Proven track record of generating profitable trading business.
- Established network of fuel oil suppliers, traders, and buyers.
- Strong negotiation and commercial skills.
- Excellent understanding of fuel oil markets and pricing mechanisms.
- Knowledge of international trade terms, shipping, and logistics.
- Strong analytical and risk assessment capabilities.
- Proficiency in Microsoft Office, trading platforms, and market intelligence tools.
- Excellent communication and relationship building skills.
Key Performance Indicators (KPIs)
- Monthly trading volume targets.
- Gross profit generated.
- New supplier and customer acquisition.
- Successful execution of trades.
- Collection and credit management performance.
- Market intelligence contribution and business opportunities identified.
Preferred Background
- Experience trading Fuel Oil (HSFO, LSFO, VLSFO), Marine Fuels / Bunker Fuels, Base Oils, Distillates and related petroleum products.
Compensation
- Competitive salary.
- Attractive performance based commission structure linked to gross profit generation.
- Annual performance bonus.
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