Middle Distillate Trader
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About the Role
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 Skills for This Role
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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.
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