Refinery & Products Analyst

Refinery & Products Analyst

OPEC - Organization of the Petroleum Exporting Countries

Vienna, Austria

Objective of Position

To study and analyze refining operations and the product market; to study and analyze short-term developments in the product market; to study capacity expansion in the oil refining industry and other related industry for the supply of petroleum products; and to prepare periodic reports for meetings of OPEC organs.

Main Responsibilities

• Studies and analyses short-term developments in the supply, demand and stocks of petroleum products; examines and analyses refining margins on the basis of market fundamentals, refinery operation levels costs and the impact on the oil market;
• Analyses the refining industry worldwide and monitors and assesses its short- to medium-term developments in terms of distillation and various conversion capacities, regional configuration schemes and favorable refinery operational modes according to seasonal demand patterns;
• Examines price links between products in the main markets, i.e. the level of arbitrage trading;
• Examines the effect of stricter product specifications in the medium term in major consuming countries on refined product supply and hence product price trends;
• Monitors and analyses short-term, worldwide developments in the petrochemical and utility sectors;
• Monitors and analyses substitution for petroleum products;
• Monitors and analyses supply of petroleum products from other sources than crude oil such as GTL, NGL and Condensate and non-conventional crude;
• Consolidates findings of the above analyses and prepares and issues reports thereon;
• Carries out any other tasks assigned by the relevant superiors as pertain to his/her background, qualifications and position.

Required Competencies and Qualification

Education:

• University degree in Chemical Engineering or related Engineering with specialization in Energy Economy​;
• Advanced degree preferred.

Work Experience:

• University degree: 8 years;
• Advanced degree: 6 years.

​Training Specializations:

• Refining;
• ​Analysis of international developments with emphasis on crude and product fundamentals​;
• ​Energy modeling;
• Basic knowledge of product markets.

​Competencies:

• Integrity;
• Professionalism;
• Cultural Sensitivity;
• Teamwork;
• Communication;
• Customer orientation;
• Analytical thinking;
• Knowledge sharing and continuous improvement.

Language:

• English.