Energy trading

Hi all, I was invited to an interview for a Quant role at some energy producer's department that provides structuring and valuation services for commodity transactions (mostly power). I have no background in Trading or the Energy market, so I am not aware what structuring really means (does it refer...

06 Oct 2022

Hi all, I am currently a fresh grad working in scheduling for a major oil and gas company. If my end goal is to become a physical oil/gas trader will getting the series 3 help boost my resume for the future? I don't want to be stuck scheduling forever.

06 Sep 2022

hi guys, so I am considering a career in physical commodities (order of preference: energy/oil > metals >>> ags). short bio: quant/data science background, extensive programming experience and capable of speaking a few european languages. STEM degree unfortunately from a no-name/non-target in europe...

04 Sep 2022

I want to break into trading role. I recently completed an MSc which specializes in physical commodities trading. I have back office experience. I am close to getting a market risk offer from a top asian bank in London. I am also in initial interview phase with an american physical commodities firm....

01 Sep 2022

My background: -Undergrad in Chemical Engineering (semi-target/top tier of non-target) -Masters in Finance (target) -Interned at large chemical company where I learned I didn't want to be an engineer -Four Years at Oil company in energy marketing division. Started out 50/50 in operations and quant...

28 Jul 2022

Anyone have any info regarding when BP will open up apps for their 2023 internships?

27 Jul 2022

Didn't see a thread for this, so I figured I'd start one. Does anyone have info about 2023 com trading internships. I know Macquarie wrapped up 2023 accelerated, and Citi/BAML are still open. Any others?

14 Jun 2022

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13 Jun 2022

Simple question, but probably more challenging to answer. What is the path to being a trader at a supermajor / reputable bank or shop (traf, maq, vitol etc.)? I have heard a lot of it is being in the right place at the right time, and trader training programs obviously help. Specifically relating to...

09 Jun 2022

Hi WSO, I was wondering how hard it is to make a transition from sell-side trading at a "Hedge Advisory" (we do financial hedging for oil and gas companies) to a hedge fund or a prop desk? I joined the company when it was much smaller and have gotten experience in several areas of the business...

27 Apr 2022

I am not 100% sure what I want to do with my life - Energy trading or IB. I have a crude trading internship lined up at a major this summer, and my prospects in the industry seem good for next summer (knock on wood), given I feel confident about a superday I just wrapped up at a certain Australian...

19 Apr 2022

Hi all, Generally speaking. As a fresh grad starting in a support role for energy trading ( scheduler, market risk etc.), would I have a higher chance of eventually becoming a trader if I start at a supermajor or bank?

01 Apr 2022

Recently managed to secure a role as an Analyst in MO for trading at a global commodities trading house, just looking for opinions on the job, past experiences, references, what can I expect, exit opportunities, tips, prospects on making it into the trading desk, etc. I have experience in financials...

07 Mar 2022

Good evening, Long time passive WSO lurker here that has decided to finally register and engage on the forums. I finished my postgraduate degree towards the end of last year and after several applications and interviews I managed to land a job as a junior trader at a power utility company. I have...

11 Jan 2022

I am currently a third-year undergraduate student in Commerce. I am extremely passionate about Shipping and Physical Commodities. I had applied to Cass's MSc Shipping, Trade, and Finance and have got an acceptance letter. However, I am also interested in History and Economics. I had applied to MSc...

12 Oct 2021

Hello, I'm pretty deep in discussions with a US BB investment bank about joining as a VP on a power trading desk in London, I'm currently a relatively junior power trader at an EU utility. Anyone familiar with European power markets will know theres a pretty large shortage of power traders atm so...

31 Jul 2021

Hello monkeys, I was wondering whether some of you know something about energy trading. Normally, when purchasing for your own portfolio one adds different types of premiums (for example imbalance and profile risks) to get to an ITP for your company, but what risk components are added if you sell...

22 Apr 2021

Preferably would like opinions about Power Markets, but open to other markets as well. How is the path like? I've seen people jump into trading right out of school (mostly Ivy League, rarely any other school). On the other hand, I've seen people not get a trading seat in 5 years while being an...

22 Apr 2021

Is there anyone out there who trades emissions, solar RECs, or LCFS credits? There is a very small community out there and wanted to share some ideas. Renewables are exploding but the ability to hedge the revenue streams have not.

01 Mar 2021

I have been using a tool called Uplink to run advanced analytics and provide real time transcripts for Earnings calls and it has been great for me so far. This is definitely something that could be really huge for anyone regularly listening to earnings calls or any disclosures, to be honest. There...

21 Oct 2020

Hi everyone, I'm in a big period of hesitation about my future and I need your advice. I would like to work in oil and gas trading. I have a French Master's degree in market finance (non target school) and quite good experience (Fixed-income brokerage + Gas structuring). In order to succeed in this...

30 Jan 2020

I currently have two different offers for a summer internship, one offer from PwC to intern in their Houston office as a management consulting intern, and the other from Exxon to work as an analyst on their up and coming trading floor. I have experience working on another energy trading floor, and...

19 Oct 2018

Am I screwing myself for the future by taking a natural gas scheduling gig? Will I have limited exit opps if I ever decide to change?

28 Sep 2018

Hello Everybody, I received a job offer from a firm in NYC that invests in energy assets. They work on all stages, developing, financing and trading and distributing from the asset. They primarily purchase gas power plants and oil fields. My primary responsibility would be to work on asset...

26 Aug 2018

I saw that there were a couple of posts about this program, but they were all 5+ years ago. Any students that have gone through the program in the last couple of years that would like to share their experiences? Have people been getting jobs after completing? I've heard great things about it, but...

19 Aug 2018

Looking to get some of the opinions of the other physical trade guys in the forum, but anyone feel free to chime in. Given the moves XOM has made, what are your opinions on having another monster trading shop coming into the market? I agree with the sentiment that they arent going to start paper...

13 Jun 2018

Hello, I have an offer as a power market analyst at a generation firm in the US. The role involves fundamental analysis of power prices and some electricity market modelling. Does anybody have some insight into where this could potentially lead in the future i.e consulting/trading roles? Thanks a...

27 Mar 2018

Does anyone have any info about the following energy prop trading shops: Glencore Mercuria Arcadia Masefield Vitol Trafigura Gunvor How would you rank them in terms of prestige? How do they compare with trading at a BB? Any info would be appreciated

21 Nov 2017

Hi all, I´ve started recently as a power trader and was wondering if you could recommend some resources (or write any comments) on various trading strategies possible in the electricity market. I tried searching on the forum here and there are few people with experience in energy trading, so...

27 Dec 2017

I was recently offered a summer internship at an oil major at a certain location, my home town, in their natural gas trading program and accepted it. I am extremely excited about the opportunity! But, I have always been interested in crude oil. Maybe I am a little biased; as I took a certificate...

17 Nov 2016

I'm graduating from University within the next year, so naturally i've been applying left and right. However, i'm finding it quite challenging to even find the right places to apply, considering most of the companies in the field i'm looking for work in (oil&gas trading) don't make details regarding...

10 Mar 2017

They called me the Commodity Merchant, I prefer "relationship manager". It not just buy low, sell high. It's managing the relationships, structuring the logistics assets and trades from the origin to the destination. We are a regular shipper on the Colonial Pipeline Line 2, Off-Exchange EFP cash...

22 Dec 2016

I am going to be attending the University of Oklahoma as a Sophomore in the fall and am trying to pinpoint the best degree for pursuing a career in energy trading. OU offers a Energy Management degree that focuses on many subjects(Marketing, Finance, Management, Petroleum Engineering, Geology)....

02 Jul 2016

Anyone here trade PJM Western Hub ICE? Couldn't find any sites with a large enough user base for power traders, would love to start one here and get a thread going to talk markets.

30 May 2016

Hi, I am currently a final year BEng Chemical Engineering student at a UK Russell Group university (Newcastle) on track for a 1st degree classification. A combination of factors have led me to lean towards having a finance related career. Specifically, I'm interested in energy trading. I already...

28 Feb 2016

I am a 26 year old energy trader who has an UG in finance and an MFE from a top program. I've been trading for 2 years in physical energy at a top merchant trading firm such as glencore, trafigura, tenaska trading physical commodities (natural gas, oil etc. I don't want to mention specifics because...

19 Jan 2016

Anybody hear much about this firm recently? I've checked wso, elitetrader, quantnet, etc. but most everything is from a few years back when it seemed like business in energy trading was more profitable/less regulated. Is it still a firm worth working at straight out of college? I've heard bad things...

02 Nov 2015

Came across this interesting series of energy presentations at Harvard. Free to attend: Monday, September 28, 12pm – 1:30 pm Financial Arbitrage and Efficient Dispatch in Wholesale Electricity Markets John Parsons, Senior Lecturer, Sloan School of Management Bell Hall, 5th Floor, Belfer Building,...

26 Sep 2015

Hi everybody, I'm currently working in a small oil trading desk of a gas company where we only do derivatives (not physical). I'm here since mid of last year and it's my first job but I would like to consider new opportunities (I hope to find something new before the end of the year) in IB,...

13 Jun 2015

Hello all, my name is Dan and I am a native NY who moved to Houston almost 3 years ago now. I am looking to break into front office in energy trading. I love to network and welcome the opportunity to meet new individuals. Feel free to reach out to me at any time. Warmest Regards, Dan

10 Jun 2015

Hi everyone. Like many others, I have been peeking around the forum for quite a lot of time without really posting. Now I finally need some bespoke advice from you. I am sure most of the people around here already think I am crazy just after reading the title of the post. The real reason I am...

01 Nov 2014

Anybody knows about this program? Is it a trading support program with little or no prospect of becoming a trader? Or is it a trader development program with good chance of leading to a trader position?

21 Oct 2014

Anyone attending the 2015 Energy Rodeo? Thoughts or opinions from previous ones? Thinking about skipping 2015, but doing 2016 and pursuing a job as a Natty Gas trader. By then I'd have: 1) 2.5 years of NG Scheduling experience(f500 company) 2) 1.5 years of finance experience(PE firm SA gig + Major...

10 Aug 2014

I am about to interview with an energy trading firm based in Switzerland for a natural gas trading role covering Europe. I have quantish background and experience at a bulge bracket investment bank in structuring. The interview is next week and I would appreciate any hints regarding the...

07 Aug 2014

I am leaving for South-East Asia this fall for a one-year internship leaving behind a "charming" life in an inconspicuous small town in Sweden. My majors are finance and political economics from two well-known universities in the country and I have aspirations of working in the finance industry,...

28 Jul 2014

Looking for someone with a background in power systems/electrical engineering. If you know about transmission congestion, voltage, impedance, physical power flows, send me a message. I will answer any question you want about the world of power trading, how to break in, pay, culture, lifestyle etc.

21 May 2014

Has anyone ever heard of this or know anyone who has done it? I found the posting through career services at my university and decided to throw in an application just to see what would happen. I received an acceptance letter today and have to let them know by 4/25 if I would like to attend. I am...

23 Apr 2014

Greetings mates, I have a question on energy trading career. But, please answer if you know this for sure. What city and what country is the best for energy trading career ? Houston, Dallas, Dubai, London, NYC, something else ? USA, UK, UAE, Switzerland, something else? And is energy trading...

15 Apr 2014

There is an electric company at my school doing OCR for some positions. I'm vaguely interested in trading, but I would like to specifically know more about power trading. I know for oil trading positions at the super majors you have to work as a scheduler before you can trade and I was wondering if...

02 Apr 2014

Hi All, I wanted to know if Trading is a realistic exit opportunity after Market Risk Management. More specifically, if I take a Market Risk Analyst position at CME Group, that involves "SPAN margining and other risk algorithms to margin new products across different asset classes." The job...

20 Mar 2014