Light Distillate Trader

Chevron

Dubai, UAE

Full Time

Senior

Onsite

3 weeks ago

Physical TradingDerivatives TradingRisk ManagementMarket AnalysisNGL KnowledgeNaphtha Trading

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Key skills for this role

Physical TradingDerivatives TradingRisk Management

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About the Role

Chevron seeks a Light Distillate Trader to develop and execute physical and derivatives trading strategies in Asia/East-of-Suez markets for Gasoline/NGL/LPG. The role involves physical trading, paper trading, risk management, and collaboration with operations and analytics.

Key Skills for This Role

Physical TradingDerivatives TradingRisk ManagementMarket AnalysisNGL KnowledgeNaphtha Trading

Responsibilities

Trade physical Naphtha, Mogas and Components (spot and term) in East of Suez markets to optimize Chevron's positions and generate profit, including third party activity where value accretive
Develop and execute physical trading strategies based on market structure, arbitrage signals, and regional supply/demand fundamentals
Monitor regional NGL/LPG flows, arbitrage routes, and infrastructure dynamics
Work closely with operations, shipping, and commercial support teams to ensure operational requirements are accurately communicated
Collaborate with analytical teams to identify trends, quantify value, and improve trading decisions
Manage risk exposure through derivatives (swaps, futures, options) across multiple time horizons and ensure compliance with internal risk limits
Maintain strong relationships with brokers, counterparties, and internal stakeholders to enhance market intelligence
Ensure adherence to compliance standards and Chevron's Operational Excellence principles in all trading activities

Requirements

Degree Level (or equivalent) in Engineering, Economics, Business, or related fields preferred
Proven experience in NGL, naphtha or gasoline trading, with strong knowledge of physical and paper instruments and hedging strategies
Strong analytical skills and ability to make quick, informed decisions under pressure
Excellent communication and negotiation skills
Proven track record of being strongly driven toward future success
Flexible approach to working hours to accommodate the demands of a busy trading operation
Periodic travel may be required
Solid understanding of refining economics, blending, and arbitrage flows (East of Suez and globally) preferred
Solid understanding of NGL value chain (production → fractionation → transport → markets) preferred
3+ years of trading experience in Refined Products preferred

Full Job Posting

Job Description

The Light Distillate Trader is responsible for developing and executing integrated physical and/or derivatives trading strategies in the Asia/East of Suez Light Distillate markets (Gasoline/NGL/LPG), optimizing Chevron's system and third‑party opportunities to deliver profitable results.
The role combines physical trading (cargoes, term/spot supply, blending economics, and logistics interface) with paper trading (swaps/futures) to manage exposure within risk limits, supported by strong market fundamentals, rapid decision making, and strict adherence to compliance and Operational Exc

Key Job Responsibilities

Trade physical Naphtha, Mogas and Components (spot and term) in East of Suez markets to optimize Chevron's positions and generate profit, including third‑party activity where value accretive.
Develop and execute physical trading strategies based on market structure, arbitrage signals, and regional supply/demand fundamentals.
Monitor regional NGL/LPG flows, arbitrage routes, and infrastructure dynamics
Work closely with operations, shipping, and commercial support teams to ensure operational requirements are accurately communicated, providing clear updates on positions, strategies, and needs to all supporting teams.
Collaborate with analytical teams to identify trends, quantify value, and improve trading decisions.
Manage risk exposure through derivatives (swaps, futures, options) across multiple time horizons and ensure compliance with internal risk limits.
Maintain strong relationships with brokers, counterparties, and internal stakeholders to enhance market intelligence.
Ensure adherence to compliance standards and Chevron's Operational Excellence principles in all trading activities.

Required Qualifications

Degree Level (or equivalent) in Engineering, Economics, Business, or related fields preferred.
Proven experience in NGL, naphtha or gasoline trading, with strong knowledge of physical and paper instruments and hedging strategies.
Strong analytical skills and ability to make quick, informed decisions under pressure.
Excellent communication and negotiation skills.
Proven track record of being strongly driven toward future success.
Flexible approach to working hours to accommodate the demands of a busy trading operation.
Periodic travel may be required.

Preferred Qualifications

Solid understanding of refining economics, blending, and arbitrage flows (East of Suez and globally)
Solid understanding of NGL value chain (production → fractionation → transport → markets)
3+ years of trading experience in Refined Products.

International Considerations

Expatriate assignments will not be considered.

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