Diesel & Naphtha Trader

Confidential Company; Sharjah; On-site; AED 440,690 - 661,035; Full time

Job summary

Confidential Company in the United Arab Emirates seeks an experienced Diesel and Naphtha Trader to manage and grow physical and derivative trading books for middle distillates. The role emphasizes market arbitrage, counterparty relationships, and book optimization with collaboration from execution teams.

The candidate will execute trading strategies, manage price exposure using futures, swaps and options, and negotiate terms for physical supply and procurement, while ensuring compliance with

Qualifications

• 3 to 6 years of direct trading experience in refined products focusing on Diesel Gasoil, Naphtha or related distillates.
• Bachelor's degree in Business, Finance, Economics, Engineering or related field is required.
• Deep understanding of chemical specs, quality parameters, and blending practices for Diesel and Naphtha.

Responsibilities

• Execute physical and paper trading strategies for Diesel Gasoil and Naphtha to meet PL targets.
• Identify and execute commercial arbitrage opportunities and evaluate blending economics to maximize margins.
• Monitor global/regional supply-demand, refinery run rates, margins, and transport demand to anticipate market moves.
• Maintain and expand relationships with refiners, producers, distributors, brokers and state entities.

Skills

Trading experience

Market analysis

Risk management

Negotiation

Education

Bachelor's degree in Business/Finance/Economics/Engineering

Tools

CTRM platforms

Job description

We are seeking an experienced and driven Diesel & Naphtha Trader to join our trading desk. In this mid-level role, you will be responsible for managing and growing our physical and derivative trading books for middle distillates (specifically Diesel/Gasoil) and light distillates (Naphtha). The ideal candidate should have a proven track record of executing profitable trades, managing product-specific risk, and leveraging market arbitrage and operate with a high degree of independence, focusing entirely on market commerciality, counterparty relationships, and book optimization, while collaborating with our dedicated execution teams.

Trading Portfolio Management

• Execute physical and paper trading strategies for Diesel Gasoil and Naphtha to meet established P L targets

Arbitrage Blending Economics

• Identify and execute commercial arbitrage opportunities Evaluate blending economics and quality giveaway to maximize margins

Market Analysis Strategy

• Monitor global and regional supply demand balances refinery run rates petrochemical margins for Naphtha feedstock and transport demand for Diesel to anticipate market movements

Relationship Management

• Maintain and expand commercial relationships with refiners petrochemical producers major distributors brokers and state owned oil companies

Risk Management Hedging

• Manage price exposure basis risk and structure-hedging programs using futures swaps and options in strict compliance with corporate risk policies

Commercial Execution

• Negotiate pricing quality and delivery terms for physical supply and purchase contracts ensuring smooth handoff to the operations team for logistics and delivery

Required Qualifications - Skills

• 3 to 6 years of direct trading experience in refined products specifically focusing on Diesel Gasoil Naphtha or closely related distillate books

Required Qualifications - Education

• Bachelor s degree in Business Finance Economics Engineering or a related field

Required Qualifications - Product Expertise

• Deep understanding of chemical specifications quality parameters and blending practices for both Diesel e g sulfur PPM limits and Naphtha e g paraffin content gravity

Required Qualifications - Market Pricing Knowledge

• Strong working knowledge of relevant pricing benchmarks e g Platts Argus ICE Gasoil and regional pricing mechanisms e g Arab Gulf Singapore Rotterdam

Required Qualifications - Risk Proficiency

• Solid experience using financial derivatives to hedge physical exposure manage crack spreads and trade paper-to-physical structures

Required Qualifications - Commercial Acumen

• Strong negotiation skills with a demonstrated ability to structure complex physical supply and purchase contracts

Preferred Attributes

• An active existing network of counterparties distributors and buyers in the middle and light distillate sectors Experience utilizing CTRM Commodity Trading and Risk Management platforms for trade entry and position monitoring Strong collaborative skills to work effectively with internal back office risk and operations teams