At a Glance
- Tasks: Develop and execute trading strategies for fuel oil and feedstocks in a dynamic market.
- Company: Join ExxonMobil Global Trading, a leader in the energy sector with a collaborative culture.
- Benefits: Competitive salary, comprehensive benefits, and opportunities for professional growth.
- Why this job: Make impactful trading decisions and optimise assets in a fast-paced global environment.
- Qualifications: 7-10 years of trading experience with strong analytical and negotiation skills.
- Other info: Be part of a global team that values information sharing and collaboration.
The predicted salary is between 80000 - 100000 £ per year.
ExxonMobil Global Trading is looking for an experienced Feedstocks / Fuel Oil Trader to join our dynamic and rapidly growing global Heavy Distillates team. This role will be responsible for risk‑on trading in physical and/or derivative markets, optimizing ExxonMobil assets, managing risk, and capturing value through strategic trading decisions and global arbitrage. This role requires strong market analysis, negotiation skills, and collaboration across internal and external stakeholders to maximize profitability and ensure compliance with all applicable regulations and company policies.
Job Role Responsibilities
- Develop and execute trading strategies for feedstocks / fuel oil, leveraging market fundamentals and ExxonMobil assets to unlock opportunities that capture value.
- Initiate, negotiate, and execute physical and/or derivative trades to express market views and/or hedge exposures.
- Continuously monitor market conditions, supply/demand dynamics, and competitive developments, and share them internally.
- Participate in an active global team where information sharing and close collaboration are highly valued to maximize outcomes.
- Evaluate and execute discretionary opportunities beyond core business (e.g., storage, blending, freight, arbitrage).
- Work closely with Operations team to manage physical inventory positions and optimize transportation and logistics decisions.
- Manage market and operational risk, ensuring adherence to company policies and industry regulations.
- Recommend and implement changes to short‑term supply and sales plans to optimize asset value (i.e., product yield shifts, import/export adjustments).
- Collaborate with Risk, Credit, Legal, Accounting, and other teams throughout the trade lifecycle.
- Conduct all business with the highest ethical standards and in strict compliance with sanctions and other regulations.
Required Qualifications
- 7‑10 years of experience in physical/paper energy trading.
- Physical and/or derivatives trading experience in petroleum products.
- Experience with European fuel oil and/or feedstock markets (HSFO / CBO / VLSFO / HSSR / LSSR / VGO) highly preferred.
- Solid understanding of commodity markets, trade flows, supply/demand fundamentals, arbitrage economics, etc.
- Proven ability to develop and execute profitable physical / paper trading strategies.
- Strong analytical, problem‑solving, leadership, and organizational skills.
- Excellent negotiation and communication skills to build collaborative relationships and work on a large global team spanning multiple time zones.
- Deep understanding of commodity risk management, hedging, VAR and exposure management.
- Deep knowledge of Jones Act and foreign flag freight, blending, and storage logistics.
Functional Skills
- Energy Commodity & Derivative Trading.
- Negotiation.
- Opportunity & Market Identification.
- Trading Market Analysis.
- Quantitative & Technical Trading Analysis.
- Energy Risk Analysis & Mitigation.
- Strategic Contract Development.
- Optionality Valuation.
- Trading Scheduling.
- Deal Structuring.
- Financial Markets Execution.
- Market Pricing Mechanisms.
Senior Trader - Fuel Oil/Feedstocks employer: Esso
Contact Detail:
Esso Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Trader - Fuel Oil/Feedstocks
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current traders. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your trading strategies and market analysis skills. Share specific examples of how you've optimised assets or managed risk in past roles.
✨Stay Informed
Keep up with the latest trends in fuel oil and feedstock markets. Being knowledgeable about current supply/demand dynamics will not only impress interviewers but also help you make informed decisions during negotiations.
✨Apply Through Us!
Don’t forget to apply through our website! We’re always on the lookout for talented individuals like you to join our team. Plus, it’s a great way to ensure your application gets the attention it deserves.
We think you need these skills to ace Senior Trader - Fuel Oil/Feedstocks
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Trader role. Highlight your experience in physical and derivatives trading, especially in fuel oil and feedstocks. We want to see how your skills align with our needs!
Showcase Your Market Knowledge: In your application, demonstrate your understanding of commodity markets and trading strategies. Share specific examples of how you've successfully navigated market conditions in the past. This will show us you're the right fit for our dynamic team.
Highlight Collaboration Skills: Since this role involves working closely with various teams, emphasise your collaboration and negotiation skills. Share instances where you've worked with different stakeholders to achieve a common goal. We value teamwork at StudySmarter!
Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Esso
✨Know Your Market Inside Out
Before the interview, dive deep into the current trends in the fuel oil and feedstock markets. Be prepared to discuss recent market movements, supply and demand dynamics, and any relevant news that could impact trading strategies. This shows you’re not just knowledgeable but also genuinely interested in the role.
✨Showcase Your Trading Strategies
Come armed with examples of successful trading strategies you've developed and executed in the past. Highlight how you leveraged market fundamentals to capture value and manage risk. This will demonstrate your hands-on experience and strategic thinking, which are crucial for the role.
✨Emphasise Collaboration Skills
Since this role involves working closely with various teams, be ready to share examples of how you've collaborated with stakeholders in previous positions. Discuss how you’ve navigated negotiations and built relationships across different departments to achieve common goals.
✨Prepare for Ethical Scenarios
Given the importance of compliance and ethical standards in trading, think about how you would handle potential ethical dilemmas. Be prepared to discuss your understanding of regulations and how you ensure adherence in your trading practices. This will show that you take compliance seriously and can navigate complex situations.