Vacancy at Organization of the Petroleum Exporting Countries (OPEC)

Employment Nigeria 30-Dec-2017 NIGERIA , Oil and Gas

Organization of the Petroleum Exporting Countries (OPEC) is recruiting to fill the position below:

POSITION : Oil Price Analyst

Description

Within the Research Division, the Petroleum Studies Department provides pertinent and reliable information and analyses in support of decision-making and policy-making in Member Countries.
It carries out research programs and studies on short-term petroleum market developments with the aim of issuing reports on a regular, as well as ad-hoc basis, highlighting important issues for their use and consideration.
It conducts regular forecasts, elaborates and analyses oil market scenarios and prepares and publishes reports on these findings.
It promotes OPEC’s views and technical analysis on short-term oil market developments to the industry at large and the general public via the OPEC Monthly Oil Market Report, as well as other reports, presentations and related pod casts.
And it prepares and contributes to reports to be submitted to the Economic Commission Board, the Board of Governors, etc., as well as papers for various OPEC publications.

Objectives

To study and analyse determinants of oil prices and price differentials between grades of crude oil as well as different market crude spreads with potential arbitrage flows and to analyse factors affecting petroleum future markets and their interaction with spot prices; to forecast short- and medium oil price movements and - on the basis of forecasts of oil demand and supply as well as current stock movements - to undertake market assessments under different scenarios and report thereon.

Responsibilities

Studies and analyses crude oil pricing policies of oil exporting countries.
Studies and analyses price developments in future markets, identifies prices levels and differentials in relation to spot markets.
Follows up on the performance of the OPEC Reference Basket in relation to major benchmarks.
Carries out further in-depth analyses and applies quantitative methods on oil market price movements.
Analyses key factors which have an impact on oil prices, primarily in major consuming countries.
Consolidates analytical findings and prepares, coordinates and contributes to reports for submission to the Governing Bodies (primarily Economic Commission Board) and for issuance in the Daily, Weekly and Monthly Reports as well as for presentations in various forums.
Carries out the Market Assessment for submission to the Governing Bodies (Board of Governors, Economic Commission Board, etc.).
Analyses the price performance of different grades of crudes in the international oil market and identifies significant changes in price differentials.

Competencies
Education:

University degree in Economics, Petroleum Economics, Marketing, Engineering or related fields;
Advanced degree preferred

Work Experience:

8 years in the oil industry sector
6 years in case of advanced degree

Specializations:

Economics in the petroleum industry
Trading tools
Physical and future markets
Supply/demand fundamentals
Oil market and its fundamentals, in particular combination of all key factors influencing the oil market/prices

Competencies:

Interpersonal skills
Customer service orientation
Initiative and integrity
Language: English
Communication skills
Analytical skills
Presentation skills

Benefits

The post is at grade E reporting to the Head of Petroleum Studies Department. The compensation package, including expatriate benefits, is commensurate with the level of the post.
Members of the Secretariat are international employees whose responsibilities are not national but exclusively international. In carrying out their functions they have to demonstrate the personal qualities expected of international employees such as integrity, independence and impartiality.

How To Apply
Candidates are requested to fill in a résumé and an application form which can be received from their Country’s Governor for OPEC.

Sorry the application deadline for this job has elapsed

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Vacancy at Organization of the Petroleum Exporting Countries (OPEC)

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