Residual and Distillate Fuels Procurement Manager

1 week ago


Dubai, Dubai, United Arab Emirates Peninsula Full time
Job Overview

Peninsula is seeking a skilled Residual and Distillate Fuels Procurement Manager to join our team. As a Marine Fuels Trader, you will be responsible for procuring marine fuels, blending components, and associated products to maintain a competitive supply in our regional physical ports.

The ideal candidate will have previous experience in Physical Trading, ideally within the Residual and Distillate Fuels scope of products, and be looking to extend their experience into Cargo Trading.

Main Responsibilities:
  1. Establish and maintain relationships with new and existing suppliers.
  2. Procure Marine Fuels and their blending components to maintain a competitive supply into the regional physical ports.
  3. Communicate effectively with other cargo traders internally to maximize the flow of market and arbitrage opportunities globally.
  4. Analyze and interpret market conditions, fundamentals, geopolitics, market structure plays, and other sources of information to better position Peninsula's supply.
  5. Coordinate with local Operations teams to ensure smooth supply and blending operations.
  6. Work closely with Chartering to maximize the value of Peninsula's shipping assets.

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