Entry Senior

Energy Trader (North America)

About This Career

Energy Traders buy and sell both physical and /or financial energy products to optimize a company’s financial returns. They review and analyze energy markets to understand current supply and demand, logistics, and quality differential trends and combine it with factors such as weather and political environment to manage storage volumes and identify opportunities to take advantage of market price differentiations. They also provide hedging strategies and execute a strategy for production working with company energy marketing departments.

Energy Traders must keep an eye on multiple factors and be able to quickly make decisions to take advantage of an opportunity to get the best price and making a profit for their company.  Traders analyze data to identify trends, gaps and or logistical shorts in the market.

They interact with internal and external clients, other colleagues on trading teams and/or commodity vendors. Energy traders use computer software programs and other analytical tools, such as meteorological data to help determine which way energy prices might be headed.

Education This occupation requires an undergraduate degree. Most traders have a finance, business, economics or mathematics background. Energy Traders typically need five years’ experience in financial trading, analytics and supply chain logistics / pipeline schedulers. Experience in these areas is critical to being able to identify financial opportunities. The ability to quickly assess all information, foresee financial opportunities and be willing to make decisions are critical to success in this role.

Employment Energy Traders are employed in onshore environments in the exploration and production, oil sands and pipeline sectors of the oil and gas industry.

Example Titles: North American Energy Traders or International Energy Traders, related careers may use Financial Analyst, Marketing Analyst, Data Analyst

Work Activities
Analyzing Data or Information
Analysing current supply and demand, logistics, and quality differentials factors and applying the information to manage storage volumes to take advantage of market price differentiation opportunities.
Applying Information
Generating incremental revenues via various strategies including transport optimization, cross-commodity, cross-market, time-spread strategies using futures, forwards, physicals etc.
Providing support to portfolio commercial interests and corporate business development initiatives
Communicating with Supervisors, Peers or Subordinates
Communicating analytical/data requirements and support in the development of required decision support tools.
Estimating the Quantifiable Characteristics of Products, Events or Information
Providing daily quantitative and fundamental analysis of gas markets, locational basis, transport, storage, weather, etc.
Formulating and/or validating daily forward curves for applicable markets and load curves into system of record.
Evaluating Information
Evaluating and monitoring all trading activity and communications.
Monitor Processes, Materials or Surroundings
Monitoring and reviewing action required across distribution systems.
Processing Information
Calculating daily profit/loss statement for the portfolio.
Scheduling Work and Activities
Coordinating strategies across product portfolios.
Solving Problems and Making Decisions
Making and executing decisions quickly to take advantage of opportunities to earn more revenue and maximize profit.
Thinking Creatively
Connecting information from all sources and seeing the pattern and potential future opportunity provided.
Updating and Using Relevant Knowledge
Ensuring knowledge, understanding, and communication of relevant logistics, quality differentials, and pipeline toll structures and changes.
Competencies
Leadership
Judgment and Decision Making
Negotiation
Knowledge
Mathematics
Economics and Accounting
Sales and Marketing
Foundational
Critical Thinking
Available Jobs
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Working Conditions
  • Stress
    High Stress Situations
  • Office
    Office Based
  • Overtime
    Some Overtime Required
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Job Details

Job Category

Business and Operations Support

Sectors

Pipelines

Oil sands

Exploration and production

NOC

1113

Qualifications + Experience

Education:

  • Post-secondary degree

Additional Requirements:

  • Typically, five years of industry experience in supply chain logistics, analytics or pipeline scheduling is required. Experience in financial trading can also be a route into this occupation.
  • The key to this positions is the ability to quickly analyze information and see/project where the opportunity is.