Middle Distillate Trader
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Key skills for this role
About the Role
Chevron is seeking an experienced Middle Distillate Trader to develop and execute integrated physical and derivatives trading strategies in East-of-Suez markets. The role involves trading jet and diesel, managing risk, and collaborating with operations and analytics teams.
Key Skills for This Role
Responsibilities
- Trade physical Jet, Diesel and Components in East of Suez markets
- Develop and execute physical trading strategies based on market structure and arbitrage signals
- Work with operations, shipping, and commercial support teams
- Collaborate with analytical teams to identify trends and improve trading decisions
- Manage risk exposure through derivatives and ensure compliance with risk limits
- Maintain relationships with brokers, counterparties, and internal stakeholders
- Ensure adherence to compliance standards and Operational Excellence principles
Requirements
- Degree in Engineering, Economics, Business, or related field
- Proven experience in jet or diesel trading
- Strong knowledge of physical and paper instruments and hedging strategies
- Strong analytical skills and ability to make quick decisions under pressure
- Excellent communication and negotiation skills
- Flexible approach to working hours
- 3+ years of trading experience in Refined Products (preferred)
Full Job Posting
Job Description
- The Middle Distillate Trader is responsible for developing and executing integrated physical and/or derivatives trading strategies in the Asia/East of Suez Middle Distillate markets (Diesel Jet), optimizing Chevron’s system and third‑party opportunities to deliver profitable results.
Key Job Responsibilities
- Trade physical Jet, Diesel 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.
- 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.
Required Qualifications
- Degree Level (or equivalent) in Engineering, Economics, Business, or related fields preferred.
- Proven experience in jet or diesel 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)
- 3+ years of trading experience in Refined Products.
Relocation Options
- Relocation may be considered.
International Considerations
- Expatriate assignments will not be considered.
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