Downstream Market Analyst

Our Client operates in the Oil and Energy industry, with its headquarters rooted strongly in Saudi Arabia. It has its branches spread to more than 50 countries, providing employment to more than 68,500 people all over the world. They fall under the Fortune 500 Companies. They are one of the world’s largest oil producers. They are constantly growing by creating new technologies through its Research and Development efforts and branch into new business lines through Investments and Acquisitions.

Overview

• As a recognized expert in his/her field, incumbent is foremost expert in his/her specialized discipline, and provides the highest level technical, professional advice and guidance regarding outlook & pricing of refined, chemical products, crude and logistics, interpreting market movement and the implications on the business. Has extensive prior work experience in the downstream oil & gas industry specifically Trading & Sales unit, Corporate Planning, Market Research Department, Business Development, and looks for ways to introduce best practices to enhance company profitability and improve performance. Promotes innovative solutions to solve complicated problems or identify issues and apply their knowledge to improve performance.



Responsibilities:

• Study global events and updates affecting the energy and oil & gas industry..
• Gather information and develop own forecasts based on market understandings for prices covering from M till M+3 for specific product and market combinations (during M-2 and M-1)
• Interface closely with product specialists and ATC traders for input.
• Assess market premium and discounts in various enclaves.
• Share findings with Data Analytics and Reporting team daily.
• Perform quality control to ensure market relevancy of transfer prices, trigger review of contracts (if needed) and informing JV offtake positions during negotiations
• Continuously improve market relations and forward curves developed.
• Review and provide necessary feedback to FAAD and Law department in relation to newly proposed TP contract agreements and/or amendments to existing agreements. Ensure fair pricing practices across all refineries for products and crude
• Understand capabilities of logistics and operations to develop an informed opinion to push forward for the pricing committee.

Requirements:

• Bachelor Degree in Commerce, Marketing, Engineering, Economics, Business Administration, or closely related specialty.
• Post-graduate education or equivalent experience in MBA/Economics is desirable.
• Deep knowledge of data warehousing and mining.
• 5 to 15 years relevant professional experience (preferable in oil & gas downstream business), including several years in field as a marketing analyst including analysis across refined product markets at global, regional and country levels. Assess the impacts of product flows, refinery economics and pricing on refined and chemical product markets.
• Must have excellent communication and interpersonal skills and be willing to transfer implicit knowledge to the team and work effectively in cross functional teams.
• Responsible for undertaking special assignments requiring analytical experience with minimal supervision and discretion. Good IT skills (excel and PowerPoint).