Senior Petroleum Trader Job In UAE 2024-Progressive GE

A senior petroleum trader is a professional who specializes in the buying and selling of petroleum products, such as crude oil, gasoline, diesel, and other refined products. They work in the fast-paced and highly competitive energy trading industry, where they analyze market trends, negotiate deals, and manage risk to maximize profitability. Analyze trading data, performance metrics, and market intelligence to assess trading strategies and make informed decisions. Utilize financial instruments such as futures contracts, options, and swaps to hedge against price fluctuations.

Job Highlights

• Company Name: Progressive GE
• Job Role: Sales

Responsibilities

1. Conduct thorough market analysis and research to understand supply, demand, and pricing trends for petroleum products.
2. Develop trading strategies and identify opportunities to buy and sell petroleum products at favorable prices.
3. Negotiate contracts and deals with suppliers, buyers, and trading counterparts.
4. Monitor and manage trading positions and exposures to minimize risk and maximize profitability.
5. Utilize financial instruments such as futures contracts, options, and swaps to hedge against price fluctuations.
6. Build and maintain relationships with suppliers, customers, brokers, and industry professionals.
7. Stay updated on industry news, market developments, and regulatory changes.
8. Analyze trading data, performance metrics, and market intelligence to assess trading strategies and make informed decisions.

Skills

• 5 to 10 Year Experience in oil and gas/petroleum
• Ability to build a trading desk 
• Prepare reports and presentations on trading activities, performance, and market insights for internal and external stakeholders.
• Stay informed about emerging technologies, industry trends, and environmental considerations impacting the petroleum trading sector.
• Mentor and provide guidance to junior traders and team members.
• Attend industry conferences, training programs, and networking events to enhance professional knowledge and skills.

Job Details

Preferred Candidate

• Residence Location: United Arab Emirates.