Trader - Residual Fuels at Global Partners

Houston, Texas, United States

Apply Now

Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Energy, Petroleum, TradingIndustries

Requirements

Proven track record of profitability in the petroleum industry as an experienced trader
Strong work ethic, leadership skills, desire to succeed, and willingness to do whatever it takes to get the job done
Understanding of basis trading, locational and structural arbitrage in paper and physical markets
Strong knowledge of rail logistics and current government policies related to residual fuels
Established trading contacts within the petroleum markets and proven track record of trading with principals and brokers
Previous trading experience in petroleum derivatives, swaps, futures, and physical products
Outstanding organization skills to manage multiple work efforts simultaneously
Effective verbal and written communication skills
Willingness and desire to learn new skills and take on new responsibilities
Ability to work in a fast-paced, changing environment, deliver quickly, and adapt to changing demands

Responsibilities

Daily ownership and profitability of residual fuel book of business, including procuring the most cost-effective product for marketing
Meeting all requirements of Global’s risk policy, including hedging all products
Represent and lead Supply on various projects and opportunities
Prepare and present management reports as needed
Work with Risk Management on daily processes and longer term to improve reports and overall effectiveness
Prepare and present risk/return reports on opportunities and analysis as necessary
Find and negotiate term sales, rack deals, etc
Find and implement ways to increase Supply’s profitability and grow the business in current and new markets
Support Supply on acquisitions and larger projects
Conduct commercial analysis for new trading/supply assets, including new businesses and M&A opportunities

Skills

Key technologies and capabilities for this role

Basis TradingLocational ArbitrageStructural ArbitragePaper TradingPhysical TradingRail LogisticsPetroleum TradingCommercial AnalysisM&A Evaluation

Questions & Answers

Common questions about this position

Is this a remote position or does it require office work?

This position follows a hybrid model with 4 days per week in the Houston, TX office and 1 day remote, and some periodical travel may be required.

What salary or compensation does this role offer?

This information is not specified in the job description.

What key skills and experience are required for the Trader - Residual Fuels role?

The role requires a proven track record of profitability as an experienced petroleum trader, strong knowledge of basis trading, locational and structural arbitrage in paper and physical markets, rail logistics, government policies, and established trading contacts, plus previous experience in petroleum derivatives, swaps, futures, and physical products.

What is the company culture like at Global Partners?

Global Partners emphasizes a strong work ethic, leadership, desire to succeed, willingness to do whatever it takes, passion for innovation, and contributing great ideas in a fast-paced environment while supporting communities and the energy transition.

What makes a strong candidate for this Trader position?

A strong candidate has a proven track record of profitability in petroleum trading, outstanding organization skills, effective communication, willingness to learn and adapt in a fast-paced environment, and experience managing a profitable trading book while adhering to risk policies.