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Fuel Oil Broker
Job summary
A major financial services firm in London is seeking an experienced Fuel Oil Broker to facilitate transactions and monitor global markets. The ideal candidate must have over 3 years of experience in fuel oil trading and strong negotiation skills. This role requires building relationships with key stakeholders and ensuring timely execution of agreements.
Qualifications
- 3+ years of experience in fuel oil or refined petroleum product trading.
- Strong understanding of pricing benchmarks such as Platts and Argus.
Responsibilities
- Facilitate physical fuel oil transactions ensuring competitive terms.
- Monitor global fuel oil markets and advise clients.
- Negotiate and draft agreements while minimizing operational risk.
Skills
Education
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.
- 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.
- Role reports to Head of Fuel Oil.
- 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.
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.
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