Monday, 21 May 2012
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Oil Trader job Dubai, UAE


Education : Bachelors Degree.


Experience : 1 - 5 Years.

Responsibilities :

  • Commodity traders who deal with oils typically sit comfortably and track down market movements in the company and make quick decisions whether to purchase or sell, hence, making a lot of money for their clients. Their decision-making is usually based upon the smallest market movement.
  • Typical daily activities of oil traders include monitoring the world market industry and following financial news taken from various agencies like Bloomberg and Reuters. They are responsible in conducting several trades either by phone or via electronics, collecting information regarding oil assets and communicating the most significant trades to some relevant parties and agreeing prices according to relevant products
  • Oil traders communicate and meet with their superiors along with their contracting oil companies to provide them with updates on the regular operations. They adhere to the norms of the environmental and policies of the government so as to maintain an ecological balance. They also manage the take down and set up of rigs, coordinate between various rig crews, assist in transporting and taking service rigs, drillings and service equipments.



Description : A commodity trader dealing with oil will typically sit and track the market movements in the industry and make instant decisions on whether to buy or sell thus making money for his client. This decision can be based on the smallest movement of the market. Typical day-to-day activities of an oil trader include: monitoring world markets and following the financial news from agencies such as Reuters and Bloomberg; conducting trades either electronically or by phone; collating data on oil assets; and communicating the most important trades of the day to the relevant parties agreeing prices in their relevant products.
 

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