Fuel Oil Broker
Position Purpose:
As a Fuel Oil Broker, they will act as a front-line commercial point of contact for our global trading clients — including refiners, shipowners, bunker suppliers, physical traders, and hedge funds. Sourcing, negotiating, and executing derivatives transactions (HSFO, VLSFO, LSFO) in global hubs such as Singapore, Rotterdam, and Fujairah.
Play a crucial role in maintaining liquidity, identifying arbitrage opportunities, and delivering price transparency to clients — all while building trusted relationships across the marketplace.
Primary duties will include:
- Client Relationship & Deal Execution
- Serve as the primary broker contact for executing fuel oil trades
- Build and maintain a network of active clients: bunker buyers, refiners, and traders
- Provide live pricing for fuel oil products (HSFO 3.5%, VLSFO 0.5%, LSFO 1%)
- Actively negotiate futures deals with both buyers and sellers
- Execute trades via voice (Cloud 9), WhatsApp, ICE chat, and potentially Bloomberg
- Confirm and recap trades in real-time, ensuring both sides align on commercial terms
Market Intelligence & Price Discovery:
- Monitor global benchmarks (Platts, Argus, ICE, CME) and provide daily market updates
- Participate in the Platts Market-on-Close (MOC) process and relay key flows to clients
- Track global arbitrage flows, refinery outages, inventory data, and freight rates
- Share insights on crack spreads, Hi/Lo spreads, and calendar spreads
Hedging & Risk Management Support:
- Assist clients in TAPS-linked strategies using MF4, BAR, SYS (Ice Exchange Products)
- Execute swaps and futures trades tied to Platts, Argus, or fixed-price indexes
- Help clients manage exposure across physical cargoes and ICE futures
- Understand key instruments: MF4 (VLSFO), BAR (3.5% barges), SYS (Sing 380 CST)
- Accurately pricing and brokering 10k–100k MT deals weekly
Commercial Growth & Origination:
- Identify and onboard new counterparties, both physical and financial
- Generate new flow by introducing structured products and inter-product spreads
- Work with internal compliance to onboard KYC/AML documentation for counterparties
Key Products Covered:
- HSFO 3.5% FOB Rotterdam Barges (BAR)
- VLSFO 0.5% FOB Singapore (MF4)
- Fuel Oil 380 CST Singapore (SYS)
- LSFO 1% CIF Med Cargoes
- ICE Futures & Swaps (MF4, BAR, SYS)
- TAPS (Trade at Platts Settlement), MOC (Market on Close) flows
- Crack spreads
- Time spreads
- Butterfly spreads
- Inter commodity Spreads
Position Purpose:
As a Fuel Oil Broker, they will act as a front-line commercial point of contact for our global trading clients — including refiners, shipowners, bunker suppliers, physical traders, and hedge funds. Sourcing, negotiating, and executing derivatives transactions (HSFO, VLSFO, LSFO) in global hubs such as Singapore, Rotterdam, and Fujairah.
Play a crucial role in maintaining liquidity, identifying arbitrage opportunities, and delivering price transparency to clients — all while building trusted relationships across the marketplace.
Primary duties will include:
- Client Relationship & Deal Execution
- Serve as the primary broker contact for executing fuel oil trades
- Build and maintain a network of active clients: bunker buyers, refiners, and traders
- Provide live pricing for fuel oil products (HSFO 3.5%, VLSFO 0.5%, LSFO 1%)
- Actively negotiate futures deals with both buyers and sellers
- Execute trades via voice (Cloud 9), WhatsApp, ICE chat, and potentially Bloomberg
- Confirm and recap trades in real-time, ensuring both sides align on commercial terms
Market Intelligence & Price Discovery:
- Monitor global benchmarks (Platts, Argus, ICE, CME) and provide daily market updates
- Participate in the Platts Market-on-Close (MOC) process and relay key flows to clients
- Track global arbitrage flows, refinery outages, inventory data, and freight rates
- Share insights on crack spreads, Hi/Lo spreads, and calendar spreads
Hedging & Risk Management Support:
- Assist clients in TAPS-linked strategies using MF4, BAR, SYS (Ice Exchange Products)
- Execute swaps and futures trades tied to Platts, Argus, or fixed-price indexes
- Help clients manage exposure across physical cargoes and ICE futures
- Understand key instruments: MF4 (VLSFO), BAR (3.5% barges), SYS (Sing 380 CST)
- Accurately pricing and brokering 10k–100k MT deals weekly
Commercial Growth & Origination:
- Identify and onboard new counterparties, both physical and financial
- Generate new flow by introducing structured products and inter-product spreads
- Work with internal compliance to onboard KYC/AML documentation for counterparties
Key Products Covered:
- HSFO 3.5% FOB Rotterdam Barges (BAR)
- VLSFO 0.5% FOB Singapore (MF4)
- Fuel Oil 380 CST Singapore (SYS)
- LSFO 1% CIF Med Cargoes
- ICE Futures & Swaps (MF4, BAR, SYS)
- TAPS (Trade at Platts Settlement), MOC (Market on Close) flows
- Crack spreads
- Time spreads
- Butterfly spreads
- Inter commodity Spreads