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Position Summary

NGL & Petchem Trading is part of the Global NG, NGL & Specialties Value Chain organization, a cross-functional organization that purchases/sells, plans, transports, and accounts for natural gas, NGLs, petrochemicals, power, and specialty products. NGL & Petchem Trading has personnel located in the United States, Singapore, and the UK.

NGL & Petchem Traders interface externally to negotiate pricing and terms for the purchase and sale of NGLs and Petrochemicals 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 is 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.

Key Responsibilities

• Develops and implements negotiating tactics to complement planned sales/supply strategies and to increase the efficiency of such activities.
• Continuously reviews market conditions and the short-term supply and sales plans; recommends and implements changes to the plan to optimize overall value to MPC (product yield shifts, sales channel shifts, import/export changes, 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 and supply/demand or competitive developments.
• Collaborates with the value chain and various members of the extended business team (Credit, Legal, Accounting, etc.) to stay abreast of trading, logistical and financial activity, meet regulatory requirements, prepare contracts, address information queries, and develop acquisition/sales strategies to achieve optimum value.
• 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 purchases, sales, and exchanges in the shortterm.
• Manages basis commodity exposure and/or physical inventory position to maximize market structure value within operational constraints in collaboration with Refining, Scheduling, and Finance groups within assigned area.
• Optimizes transportation and storage asset utilization, while managing costs and maximizing economic benefit in collaboration with key stakeholders with a focus on short term.

Education and Experience

• Bachelor’s degree required.
• Trader
  • 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
  • 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).

Location: Singapore

Relocation: Not Available

Estimated Travel: ~10%

As an energy industry leader, our career opportunities fuel personal and professional growth.

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Marathon Petroleum Company LP is an Equal Opportunity Employer and gives consideration for employment to qualified applicants without discrimination on the basis of race, color, religion, creed, sex, gender (including pregnancy, childbirth, breastfeeding or related medical conditions), sexual orientation, gender identity, gender expression, reproductive health decision-making, age, mental or physical disability, medical condition or AIDS/HIV status, ancestry, national origin, genetic information, military, veteran status, marital status, citizenship  or any other status protected by applicable federal, state, or local laws.  If you would like more information about your EEO rights as an applicant, click here.

If you need a reasonable accommodation for any part of the application process at Marathon Petroleum LP, please contact our Human Resources Department at [email protected]. Please specify the reasonable accommodation you are requesting, along with the job posting number in which you may be interested. A Human Resources representative will review your request and contact you to discuss a reasonable accommodation. Marathon Petroleum offers a total rewards program which includes, but is not limited to, access to health, vision, and dental insurance, paid time off, 401k matching program, paid parental leave, and educational reimbursement. Detailed benefit information is available at https://mympcbenefits.com.The hired candidate will also be eligible for a discretionary company-sponsored annual bonus program.

Equal Opportunity Employer: Veteran / Disability

We will consider all qualified Applicants for employment, including those with arrest or conviction records, in a manner consistent with the requirements of applicable state and local laws. In reviewing criminal history in connection with a conditional offer of employment, Marathon will consider the key responsibilities of the role.