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  #11 (permalink)  
Old 28-01-2015, 09:11 AM
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Originally Posted by chocobobo View Post
Thanks for the reply!! Really appreciate it!!

Anyway, never in my first post said that I want to join Trading.
I also have no intention to craft my path towards trading.

It was just that an job agency called and told me about this particular role.
I was quite surprised by their brief descriptions and of course I am skeptical about it as my impression of trading as well is quite a competitive and lucrative role.
I just need someone to verify some of the information that I have misinterpreted.
Never had I thought there exists a oil trading firm that will have to go through job agency for recruitment of trader.

Never had I thought that my post might actually offended some of the possible oil traders.
I'm deeply sorry about it.

But at the same time I'm really glad that there is someone who is willing to share his/her knowledge with me.
You're an awesome fella.
Once again thank you!
Hope you have an awesome week!!
dude the guy is not even sharing anything specific to oil trading beyond generic advise on how hard to get in. the fact that you can find that useful just shows how far the curve you are away from.

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  #12 (permalink)  
Old 14-07-2016, 07:17 PM
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Smile Operations executive

Hi do any of you knows how much does an oil operations executive earns? Appreciate your help or insight on this!!

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  #13 (permalink)  
Old 14-07-2016, 09:47 PM
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Hi do any of you knows how much does an oil operations executive earns? Appreciate your help or insight on this!!
Depends on experience, basic not high - 5-6k range, bonus use to be good 9-12 months, but now lower due to low oil price.

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  #14 (permalink)  
Old 15-07-2016, 09:27 AM
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Originally Posted by chocobobo View Post

2) What is the differences between trader and broker?
I'm not in the business of oil trading. But I'll answer this question in the domain of currency trading, which is my speciality. I believe this is applicable to the trading part of oil trading.

But before that, maybe it's better that we learn the distinction between the buyside and the sellside in any sort of trading business. There are traders at both ends.

Sell side: makes the market, matches orders, quotes a price for the client. Almost always should be market neutral, meaning they don't have a view on where the market is going. Just think of them as 'the market' where people go to get an order filled.

Buy side: Goes to the market, the sell side, and buys or sells products. They trade based on their function - speculation, hedging or currency overlay. You can think of them as have a view of the market, and expressing that view by risking their capital.

The broker that you mentioned exists in the sell side. Now for the distinction between trader and broker, both of which are at the sell side.

Essentially, the trader manages risk. They match orders to ensure that they are market neutral. Because of this function, they have a feel of what prices need to be quoted for various products to 1) earn money from a spread 2) stay market neutral. The broker than takes this price to the his clients on the buy side when 1) his client wants to trade or 2) suggesting to his client to trade. Think of the broker as the middle man between the market / trader and his clients.

Exception: seldom the trader IS the broker depending on how the sell side trading business is run. Usually if the business trades a lot of products, you'll need a trader to focus on the pricing and have another guy, the broker, do the quoting to the clients. Also, another term for broker is dealer, which is used when dealing with institutions.
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  #15 (permalink)  
Old 15-07-2016, 09:34 PM
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Originally Posted by Unregistered View Post
Depends on experience, basic not high - 5-6k range, bonus use to be good 9-12 months, but now lower due to low oil price.
Oh i see... What if there's no experience? so the bonus currently should be around how many months? I am having an interview soon and I do not know what to quote for my expected salary as I am keen to learn and not quoting an unrealistic salary.

Thanks for answering me
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  #16 (permalink)  
Old 18-07-2016, 10:42 PM
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Originally Posted by Unregistered View Post
Oh i see... What if there's no experience? so the bonus currently should be around how many months? I am having an interview soon and I do not know what to quote for my expected salary as I am keen to learn and not quoting an unrealistic salary.

Thanks for answering me
No experience and you tried applying for oil operations exec role? That's very daring. Even if you get in, hope you don't find it too tough.. It's no easy job... And pretty amazing they even allowed a person with no experience to come for interview ..

That said, based on your profile, perhaps $4k? Bonues in a normal decent size oil trading house perhaps 3 months (inc AWS if there is)...
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  #17 (permalink)  
Old 27-07-2016, 07:24 PM
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Originally Posted by Unregistered View Post
No experience and you tried applying for oil operations exec role? That's very daring. Even if you get in, hope you don't find it too tough.. It's no easy job... And pretty amazing they even allowed a person with no experience to come for interview ..

That said, based on your profile, perhaps $4k? Bonues in a normal decent size oil trading house perhaps 3 months (inc AWS if there is)...
But then again, I might not get it. There are so many people applying for this role. Though they said there will be second round of interview till today no avail. :/
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  #18 (permalink)  
Old 08-03-2017, 11:19 PM
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Anyone know how is total oil Asia??
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  #19 (permalink)  
Old 09-03-2017, 06:41 AM
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I am in oil and gas industry. Just got bonus 5 plus months. Base 4.5K.
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  #20 (permalink)  
Old 09-03-2017, 08:35 PM
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I am in oil and gas industry. Just got bonus 5 plus months. Base 4.5K.
Hi, are u in the trading line? mind saying if u r operations, risk or trader??
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