Commodity Trader (crude oil) at Virgin Forest Energy Limited

irgin Forest Energy Limited is a wholly-owned and well capitalized Nigerian energy downstream oil trading company. We are dedicated to the provision of top-rate petroleum products and by-products to our vast array of clients and customers across Nigeria and beyond. In the course of our short but eventful existence as a corporate entity .We are recruiting to fill the vacant position below:Job Title: Commodity Trader (crude oil)Location: LagosResponsibilities: Understand market conditions through Platts market reports and oil publications.monitoring world markets and following the financial news from agencies such as Reuters and BloombergMonitor trading screen and news channels, gather key data and analyse trends in order to take a daily position (Long/Short).Resolve operational inefficiencies, as well as negotiate freight and demurrage exposures resulting in transactional cost reduction.Responsible for trading petroleum product across West Africa and East Africa for Virgin Forest.Manage Profit and Loss and mark to market positions to ensure that the trades are profitable and targets are met.Identify commercially profitable physical deals and execute in the most beneficial manner.Successfully negotiate physical deals with counter-parties, as well as build and maintain n critical relationships with most major suppliers and customers covering the geographical areas of Europe, Africa, and the Middle East.Responsible for planning shipping operations and vessel chartering for Virgin Forest.Manage loading and discharge operation for various product traded.

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