Energy Trading

The HETCO team trades worlwide in crude oil, petroleum products, natural gas and power.
History
- Founded in 1997 by Amerada Hess Corporation (now Hess Corporation) and Stephen Hendel and Stephen Semlitz, two former partners of Goldman Sachs & Co, who built Goldman Sachs' original J. Aron energy trading group.
- HETCO's staff have a wide-range of backgrounds, providing the firm unparalleled experience across the physical and derivative markets.
Geography
- Bases in New York, Boston, London, Paris, Dubai and Singapore
- Coverage across the Americas, Europe, Africa, the Middle-East and Asia
- 24-hour client coverage
Products
- Physical and Financial:
- Crude (Brent, WTI, Dubai, Urals, Tapis)
- Refined Products (US, Europe, Asia)
- Natural Gas (US and European)
- Power (US and Europe)
- Freight (Major Global Routes)
- Weather Derivative
- Options, including complex/ structured options
Expertise
- Specialist trading & market-making across all major global energy markets
- One of the largest participants on both ICE Futures and NYMEX
- Extensive risk management advisory experience across all client types
- Complex trading capabilities including oil-indexed gas formulas and refinery margin hedging
