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