Middle Distillate Trader

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.
  
  

• 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.
  
  

• Solid understanding of refining economics, blending, and arbitrage flows (East of Suez and globally)
• 3+ years of trading experience in Refined Products.
  
  

• Relocation may be considered.
  
  

• Expatriate assignments will not be considered.