Develops and implements negotiating tactics to complement planned supply/sales strategies and to maximize MPC overall value.
Continuously reviews market conditions and short-term supply plans; recommends and implements changes to the plan to optimize overall value to MPC (quality differential shifts, shifts in locational arbitrage, etc.)
Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals)
Initiates and completes negotiations and executes or recommends execution of deals (purchase, exchange, and sale contracts) that maximize economic benefits to the company.
Builds and maintains internal and external relationships with counterparties and business partners.
Prepares periodic reports on market activities, supply/demand balance, and competitive developments.
Participates in the negotiation or development of commercial resolutions impacting trading desk (e.g., disputes, claims, etc.)
Analyzes and anticipates market conditions to optimize economic value added from trading activity in collaboration with MPC organizations across the value chain.
Manages basis exposure and/or physical inventory position to maximize market structure value within operational and/or financial constraints.
Optimizes transportation and storage asset utilization, while managing costs and maximizing economic benefit in collaboration with key stakeholders
Education and Experience
Trader:
Bachelor's degree required.
Three (3) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe).
Senior Trader:
Bachelor's degree required.
Five (5) or more years of experience in Trading or Marketing including profit/loss responsibility for Product Trading, Contract Negotiation and Scheduling (rail, truck, vessel and pipe).
Requirements
Accountability
Commercial Awareness
Communication
Contract Management
Customer-Focused
Data Analysis
Decision Making
Entrepreneurship
Leadership & Mentoring
Marketing Strategies
Negotiation
Risk Management
Strategic Planning
Location: Houston TX
Estimated Travel: 10-15%
This position grade may vary depending on candidate experience. The successful candidate will be placed at a level commensurate with experience and qualifications.
As an energy industry leader, our career opportunities fuel personal and professional growth.
Location:
Houston, Texas
Additional locations:
Job Requisition ID:
00022439
Location Address:
500 Dallas St Ste 2900
Education:
Bachelors (Required)
Employee Group:
Full time
Employee Subgroup:
Regular
Benefits
Health insuranceEquity / stock options
Additional Information
An exciting career awaits you
At MPC, we're committed to being a great place to work - one that welcomes new ideas, encourages diverse perspectives, develops our people, and fosters a collaborative team environment.
Position Summary
Crude Oil Trading is part of the Supply, Trading & Origination organization, a cross-functional organization that purchases/sells, plans, transports, and accounts for crude oil and other refinery feedstocks. Crude Oil Trading has personnel located in Findlay, Houston, Calgary, Denver, and Singapore.
Crude Oil Traders interface externally to negotiate pricing and terms for the purchase and sale of Crude Oil as dictated by refinery economics, market conditions, and logistics to maximize economic margin consistent with safe refinery supply chain operations and other MPC core values.
This trading position should be viewed as a growth opportunity for a highly motivated individual that has a strong aptitude and a keen interest for a commercial career. This role will provide an opportunity for the successful candidate to gain an understanding of the crude oil supply business, while performing a complex and critical function within Marathon Petroleum Supply and Trading's Permian Lease team. The ideal candidate will have a deep understanding of the Permian Basin crude oil market and logistics, with existing relationships in the industry.
Marathon Petroleum · Houston, TX