Oil Market Maker

Oil Market Maker

Location: Dubai, UAE (on-site)

Company: Small, well-capitalised energy trading firm

Compensation: $Excellent tax-free competitive base + performance bonus + benefits (visa, medical, etc.)

About the role

They are a boutique energy trading company based in Dubai with an active presence across global fuel oil markets. They are looking for a Oil Market Maker with 3–10 years’ experience to help build and scale their fuel oil franchise. You will be responsible for two-way pricing, trading, and risk management across fuel oil products, working closely with senior traders, operations, and risk to grow a profitable, well-controlled book.

Key responsibilities

• Provide competitive two-way prices in fuel oil (HSFO, VLSFO, LSFO) across tenors and key hubs (e.g., Singapore, Med, ARA, Middle East).
• Manage a trading book including physical cargoes/term deals and hedging via swaps, futures, and options.
• Identify and execute arbitrage and spread opportunities (time, location, product) aligned with market flows and fundamentals.
• Build and maintain relationships with refiners, traders, bunker suppliers, shipowners, and brokers across the region.
• Work with operations and logistics on freight, storage, blending, laycan, demurrage, and delivery execution.
• Monitor market trends, regulatory changes (e.g., IMO), and supply/demand dynamics to inform strategy.
• Trade within agreed risk limits, produce clear P&L reporting, and escalate issues promptly.
• Ensure compliance with internal policies, sanctions, KYC, and applicable laws.

What we’re looking for

• A minimum of 2 years’ experience in commodity trading or brokerage, with clear market-making or two-way pricing responsibility.
• Proven track record managing a physical + paper oil book (or strong exposure to both).
• Deep understanding of oil specifications, benchmarks, and regional markets (Singapore, Med, ARA, Middle East).
• Strong grasp of logistics and operations: storage, freight, blending, cargo operations, claims.
• Comfortable using swaps, futures, options, and basis/time spreads to hedge and structure trades.
• Quantifiable achievements (e.g., volumes, P&L, liquidity metrics) are a plus.
• Excellent English communication; Arabic or other regional languages are a bonus.
• Entrepreneurial mindset, comfortable in a small, fast-moving team with high ownership.

Why join?

• Direct P&L ownership and real influence on the firm’s growth strategy.
• Exposure to a global book with support from experienced senior traders.
• Competitive compensation package with significant upside linked to performance.
• Opportunity to help build a franchise in a growing, agile trading house in Dubai.

How to apply

Please send your CV and a brief note outlining:

• Your oil market-making/trading experience (products, regions, type of book).
• A couple of quantifiable achievements (volumes, P&L, or key deals).

Compensation & Benefits

Highly attractive tax-free salary plus excellent (high percentage) performance-based bonus structure linked to individual and desk P&L. Comprehensive benefits package including medical insurance, flights for annual leave, and visa sponsorship/costs.