Estimate natural gas usage and production to buy up the best contracts.
What does a Natural Gas Trader do?
If you’re looking for a fast-paced, intense job that keeps you on top of your game, then look no further. A job as a Natural Gas Trader certainly fits the bill. In this position, you’re responsible for buying and selling natural gas. Not only do you aim to maximize profits as a Natural Gas Trader, but you’re also responsible for ensuring a constant, safe, and reliable supply of natural gas to the customer.
All types of businesses as well as residential consumers rely on natural gas to run appliances, heat and cool homes, and operate manufacturing machinery. So, part of your job as a Natural Gas Trader, is to estimate consumption. After all, customers don’t want to overpay for a product that they can’t consume. On the other hand, as the Natural Gas Trader, you’re in a world of hurt if supplies diminish and the business is forced to halt operations due to your error in judgment.
Ensuring the right amount of natural gas at the best market price requires more than placing a monthly order, as one might do for firewood. Natural gas trading is a lively, ever-evolving industry that requires you to live and breathe the most recent news. You crunch numbers every day, keeping track of daily prices (sometimes changing within minutes), availability, and events that affect market conditions.
You also keep track of how much gas is held in reserve so that you can decide when is the best time to sell excess, buy in quantity, or rely on stored gas until prices drop.