How to become an oil or Bunker trader

Official title: Oil/Bunker trader

Also called: Bunker trader, Oil trader

Oil/Bunker trader buys and sells oil and bunker, on his/her own account or employer’s account. He/she sources, schedules, moves and optimises oil and bunker through supply chains and distribution systems. He/she plans and executes purchase timings and delivery modes, while balancing organisational’s operational requirements and market movements.

Main tasks

• Negotiating purchase or sale of commodities and commodity futures
• Finding cargo and/or storage space for commodities and negotiating freight, shipping and storage charges
• Monitoring and analysing market trends and other factors affecting the supply and demand for commodities and shipping services

Pay · Outlook · AI and this job

• Median pay: $178,752 a year. The middle half earn $103,320 to $240,000 a year.
• Generative AI could change some tasks in this job, by the ILO's global estimate.

Related jobs

• Commodities trader (excluding oil, bunker and environmental commodities)
• Ship charterer
• Environmental commodities trader

Not sure this is for you? Take the 2-minute career quiz

Questions people ask

How much does an oil or Bunker trader earn in Singapore?

Median full-time pay is $178,752 a year (Ministry of Manpower (via data.gov.sg)). The middle half earn $103,320 to $240,000.

Will AI change the work of an oil or Bunker trader?

Generative AI could change some tasks in this job, by the ILO's global estimate.

Sources

• Ministry of Manpower (via data.gov.sg): Resident Occupational Wages (Occupational Wage Survey) (June 2024 (data.gov.sg update 2026-04-01)), Singapore Open Data Licence v1.0, retrieved 4 October 2026
• International Labour Organization, Generative AI and Jobs: A Refined Global Index of Occupational Exposure (ILO Working Paper 140, Gmyrek et al.) (ILO Working Paper 140, May 2025, Annex Table A1), CC BY 4.0, retrieved 4 October 2026

Updated 4 October 2026