Job Information
Phillips 66 LPG Trader in London, United Kingdom
. Phillips 66 & YOU - Together we can fuel the future
Basic Function
The LPG Trader will be a member of Midstream and Chemicals Global LPG Trading team. which consists of an existing team of traders, analysts, charterers, and operations personnel in the United States, Singapore, and London. The team is responsible for identifying, developing and executing LPG trading strategies built around the company’s asset position in the UK and US to generate a profit, both regionally and globally.
Primary Functions/Responsibilities
Work with the Global LPG Trading team to pro-actively grow, identify, develop and implement physical and financial trading strategies to maximize value from LPG markets.
Develop and maintain an understanding of Philips 66 global LPG trading activities. Work with traders from Phillips 66 trading offices across the globe to ensure optimal placement of US export cargos.
Accountable for the commercialization of the company’s Humber Refinery/Immingham, storage, and import/export facility with respect to LPG and olefins.
Negotiate and manage internal and external LPG and Olefins purchase/sale/exchange agreements.
Develop and maintain long-term relationships with LPG and olefins consumers and producers that expand Phillips 66 market reach.
Maintain key customer relationships; develop and implement strategies for expanding the customer base.
Work with mid and back-office support teams to ensure accurate reporting of positions.
Work closely with the Business Development group to aid in identification and development of regional LPG terminal and transportation projects.
Provide market intelligence to support prompt trading activities and the development of longer-term Midstream growth opportunities.
Ensure full compliance with the regulatory framework and a high standard of business ethics and behavior.
Critical Skills/Leadership Criteria
Hold the legal right to live and work in the UK on a permanent basis without restrictions or meet the relevant criteria for employer sponsorship.
Bachelor’s Degree or higher
10+ years of energy industry experience, including 5+ years of LPG experience.
Experience trading or marketing LPG in the European/Mediterranean and African regions
Knowledge of European/Mediterranean and African LPG terminals, logistics, marine markets, and operations
Knowledge of global LPG trade flows and in-depth understanding of arbitrage economics.
Understanding of trade risk exposure and experience in derivatives tools and strategies for hedging and managing risk.
Strong analytical skills.
Ability to work collaboratively within the Global LPG Team and across organizational structures to maximize general interest benefit.
Familiarity with refining and petrochemical operations.
Proficiency in Microsoft Excel
Results oriented with ability to think and act decisively and independently under changing circumstances.
Phillips 66 has significant marketing operations in Europe. In the UK the business is primarily wholesale, selling fuels to distributors (some of whom are branded JET) and resellers. The fuels are either collected by customers or delivered through a contracted road tanker fleet operating out of a number of UK distribution points. In addition, Phillips 66 Limited supplies a network of approximately 330 independently owned petrol forecourts, all of which are branded JET.
Other markets served are aviation, marine and LPG. JET supplies some of the UK's growing secondary airports using owned and shared refuelling tankers and storage, and delivers to airlines through contracted refuelling operations. Marine markets are served using contracted vehicles, as is the LPG business.
Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.
Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.
To be considered:
In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of Friday 12th July 2024.
Phillips 66 is an Equal Opportunity Employer