Fuel Oil Broker

ZipRecruiter; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A major financial services firm is seeking an experienced Fuel Oil Broker to join their team in London. The ideal candidate will have at least 3 years of experience in fuel oil trading, a strong understanding of the physical oil markets, and proven negotiation skills. Responsibilities include facilitating transactions and building relationships within the industry.

Qualifications

• 3+ years of experience in fuel oil, residual fuel, or refined petroleum product brokering or trading.
• Strong understanding of physical oil markets, pricing benchmarks (Platts, Argus), and global trade flows.

Responsibilities

• Facilitate physical fuel oil transactions between buyers and sellers.
• Monitor global fuel oil markets and price benchmarks.
• Build and maintain relationships with oil majors and trading houses.
• Negotiate and draft sale and purchase agreements.

Skills

Negotiation Skills

Analytical Skills

Understanding of physical oil markets

Knowledge of pricing benchmarks

Education

Completion of recognized brokering and shipping qualifications

Job description

Overview

Redstone Commodity Search focus on offering 360° search solutions to the global commodities markets. With a competitive coverage of Trading Houses, Producers, Majors, Utilities, Merchants, Hedge Funds, Investment Banks and Brokerages; Redstone Commodity Search can confidently offer you an edge in today’s volatile market.

Redstone Commodity Search are working with a major financial services firm looking to hire a Fuel Oil Broker to join the growing team in London.

Key Responsibilities

• Facilitate physical fuel oil transactions between buyers and sellers, ensuring competitive terms and timely execution.
• Monitor global fuel oil markets, price benchmarks, and trade flows to identify arbitrage opportunities and advise clients.
• Build and maintain strong relationships with oil majors, trading houses, refiners, and end-users to expand the client base.
• Negotiate and draft sale and purchase agreements, ensuring compliance with quality, specification, and delivery terms while minimizing operational risk.
• The role reports to Head of Fuel Oil.

Key Qualifications

• 3+ years of experience in fuel oil, residual fuel, or refined petroleum product brokering or trading.
• Strong understanding of physical oil markets, pricing benchmarks (Platts, Argus), and global trade flows.
• Completion of recognized brokering and shipping qualifications (e.g., ICS Professional Qualifying Examinations or equivalent).
• Negotiation & Analytical Skills – Proven ability to negotiate high-value deals under pressure and analyse market data to identify profitable opportunities.
• Located in London.