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Position Summary 

Crude Oil Trading is part of Global Feedstocks Value Chain (GFVC), a cross-functional organization that purchases/sells, plans, transports, and accounts for crude oil and other refinery feedstocks. Crude Oil Trading has personnel located in the United States, Canada, Singapore, and the UK. 

Crude Oil Traders interface externally to negotiate pricing and terms for the purchase and sale of Crude Oil 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 and arranging the purchase and sale of crude oil as dictated by refinery economics, market conditions and logistical requirements. 

• Interacting with Traders, Schedulers, Refinery Feedstock Coordinators, Accountants, Engineers, Analysts, Legal and other personnel in Commercial, Refining, Marketing, Product Quality, Transport & Logistics, Business Development, IT and Finance & Commercial Services and elsewhere. These interactions will be required to stay abreast of trading, logistical and financial activity, prepare contracts, address information queries, initiate, recommend, develop, and implement existing and new acquisition or sales strategies for achieving optimum value added from crude oil purchases, sales, and logistics. 

• Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals).

• Evaluates and executes discretionary trade and business development opportunities beyond the core business (storage, blending, freight deals). 

• 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. 

• Representing the Company at industry functions and keeping abreast of evolving industry conditions by training, reading, building, and maintaining internal and external contacts related to crude oil trading. 

• This dynamic trading role will support MPC’s Global book that encompasses foreign and domestic execution, US crude exports and supply the US refining system. 

• Continuously reviews market conditions and the short- and medium-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.)

• Optimizes transportation and storage asset utilization, while managing costs and maximizing economic benefit in collaboration with key stakeholders with a focus on short and medium term.

Education and Experience 

Senior Trader

• Bachelor’s degree in business, finance, marketing, economics, accounting, or related field of study 

• 5 or more years of experience in a commercial role, trading or marketing including profit/loss responsibility for crude trading, contract negotiation, and scheduling (rail, truck, and pipe)

Relocation: Available

Estimated Travel: ~10%

Location Houston TX

*** This position is part of a job family with multiple grade levels. The successful candidate will be placed at a level commensurate with experience and qualifications.*** 

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

Location:

Houston, Texas

Additional locations:

Job Requisition ID:

00019536

Location Address:

500 Dallas St Ste 2900

Education:

Employee Group:

Full time

Employee Subgroup:

Regular

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, g