Trading Intern

Repsol SA; Houston, Northern (TX, KY); Hybrid; USD 13,225,000 - 16,531,000; Full time

Job summary

Repsol SA is offering a Trading Intern position in Houston, focusing on both physical and financial natural gas markets in North America. You will work with traders, schedulers, analysts and risk professionals on pipeline transportation, storage optimization, market analysis, and hedging.

The role emphasizes learning through live projects, with opportunities to develop Excel/Tableau skills, dashboards, and market insight, while supporting a busy trading desk in a full‑time summer internship.

Qualifications

• Must be an actively enrolled student for Fall 2027 term.
• GPA 3.3 or higher cumulative/major required.
• Interest in commodity markets, energy fundamentals, and risk management.

Responsibilities

• Assist with daily market analysis, pricing, and position monitoring for NYMEX Henry Hub futures and regional indices.
• Track physical gas purchases/sales and learn gas scheduling and nomination processes.
• Create dashboards and presentations; support market analytics projects and trading desk reporting.

Skills

Analytical skills

Excel proficiency

Data visualization

Interpersonal skills

Education

Finance, Economics, Business, Math, Statistics, Data Analytics

Tools

Tableau

Power BI

Python

VBA

SQL

Job description

## Trading InternApply: Houston: Full time: Posted Yesterday: End Date: October 2, 2026 (20 days left to apply): 83912## We explore and discover the limitless possibilities of energy so we can all progress. We believe in the power of talent to shape the future. That’s why we’re looking for curious, bold individuals who are eager to grow and create new ways forward—people who want to join us in building a more sustainable, innovative, and inclusive world. We strongly believe that diversity fuels creativity and innovation. That’s why we welcome professionals who are ready to grow, learn, and bring their perspective to the energy challenges of today and tomorrow. Here, you’ll find a place to grow and unlock your full potential. Repsol is a global energy company present throughout the whole energy value chain. The company employs more than 25,000 people and its products are sold in more than 90 countries, reaching 10 million customers. Repsol produces over 700,000 barrels of oil equivalent per day and has one of the most efficient refining systems in Europe. The company operates low-emissions electricity generation assets, including photovoltaic and offshore wind power projects. Repsol is pioneering development of mobility initiatives to create new solutions and energy sources for transportation.Repsol is committed to our internship program and helping students enhance their academic studies with real-world, hands-on projects. As an intern, you’ll work on real projects that deliver tangible benefits and measurable results. At the same time, you’ll have the opportunity to learn about and help to solve some of the most important issues we face. You will experience genuine teamwork, and work alongside highly qualified and experienced colleagues, while you work on live projects and operations. At the end of your internship, you will present your summer project to our staff.**About the Role:**The Natural Gas Trading Intern will gain hands-on exposure to both the physical and financial natural gas markets in North America. Working alongside traders, schedulers, analysts, and risk professionals, the intern will support commercial activities related to pipeline transportation, storage optimization, market analysis, physical gas transactions, and financial hedging.This internship is designed for students interested in commodity markets, energy trading, risk management, and market fundamentals.**Key Responsibilities:****Financial Trading Support*** Assist traders with daily market analysis, pricing, and position monitoring.* Track and analyze NYMEX Henry Hub futures, basis markets, options, and regional indices.* Research market-moving events, including weather, storage reports, pipeline constraints, LNG exports, and regulatory developments.* Develop and maintain Excel and Tableau reports used by the trading desk.* Participate in fundamental supply, demand, and pricing analysis.* Monitor financial hedge performance and risk metrics.**Physical Natural Gas Support*** Assist in tracking physical gas purchases and sales across pipeline and market hubs.* Learn gas scheduling and nomination processes.* Support monitoring of pipeline notices, maintenance events, flow restrictions, and operational alerts.* Analyze regional basis differentials and transportation opportunities.* Help maintain supply and demand balances for trading regions.* Work with schedulers and traders to understand physical delivery obligations and logistics.* Review storage inventories, transportation capacity, and operational positions.Market Analytics & Projects* Conduct data analysis using historical pricing, flow, weather, and storage datasets.* Create dashboards and presentations for traders and management.* Participate in special projects focused on market optimization, automation, or trading analytics.* Present findings and recommendations to the trading team at the conclusion of the internship.**Qualifications*** Must be legally authorized to work in the USA for any employer without the need for sponsorship, currently or in the future.* Must have cumulative and major GPA of 3.3 or higher.* Must be a currently enrolled student for the Fall 2027 semester. Candidates should not have graduated before the start of the internship.* Active student studying finance, economics, business, mathematics, statistics, data analytics or similar.* Solid analytical and quantitative skills.* Proficiency is Microsoft Excel.* Experience with Tableau, Power BI, Python, VBA, SQL, or data visualization tools preferred.* Interest in commodity markets, risk management, and energy fundamentals.* Strong interpersonal skills and the ability to work in a fast-paced environment.* Challenge the status quo and continuously drive improvement and innovation.* Students must be available for the full duration of the internship from **May 17th - Aug 6th**. Any personal time off must be approved by the supervisor as unpaid leave and should be noted with the recruiter as early as possible.* Sophomores, Juniors and Seniors, Master’s encouraged to apply.*Repsol is an Equal Opportunity Employer M/F/Disability/Veteran*