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Middle Distillate Trader

Chevron

Dubai, UAE

fulltime

4 days ago

DistillateMiddleTrader

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DistillateMiddleTrader

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Trades physical and financial commodities in the international and domestic trading markets, both spot and term.

Strives for asset optimization and trading profit.

Develops trading strategies, initiates and manages physical and financial positions for profit, and manages risk exposure for system and trading positions.

Executes trades for Chevron's equity volumes, supply activity for refineries, and third party trading for profit positions.

Leads projects of large scope and complexity under minimal supervision.

Work regularly has BU level impact.

Detailed knowledge of work function, related functions, and industry practices.**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.

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 Excellence standards.

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, 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 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.
Chevron participates in E-Verify in certain locations as required by law.

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