OPEC bulletin 11/17
Oil Price Analyst
Applicants must be nationals of Member Countries of OPEC and should not be older than 58 years.
Applicants are requested to fill in a résumé and an application form which can be received from their
Governor for OPEC.
In order for applications to be considered, they must reach the OPECSecretariat through the relevant Governor not
December 1, 2017,
quoting the job code:
Within the Research Division, the Petroleum Studies
Department providespertinent and reliable information
and analyses in support of decision-making and policy-
making in Member Countries. It carries out research
programmes and studies on short-termpetroleummar-
ket 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 regu-
lar forecasts, elaboratesandanalysesoilmarketscenar-
ios and prepares and publishes reports on these find-
ings. It promotes OPEC’s views and technical analysis
on short-term oil market developments to the industry
at large and the general public via theOPECMonthly Oil Market Report,
as well as other reports, presentations
and related pod casts. And it prepares and contributes
to reports tobe submitted to the EconomicCommission
Board, the Board of Governors, etc, as well as papers
for various OPEC publications.
Objective of position:
To study and analyse determinants of oil prices and
pricedifferentialsbetween gradesof crude oil aswell as
different market crude spreads with potential arbitrage
flows and to analyse factors affecting petroleum future
short- and medium oil price movements and — on the
basis of forecasts of oil demand and supply as well as
ments under different scenarios and report thereon.
Consolidates analytical findings and prepares,
coordinates and contributes to reports for submis-
sion to the Governing Bodies (primarily Economic
Commission Board) and for issuance in the Daily,
Weekly and Monthly Reports as well as for presen-
tations in various forums.
Carriesout theMarket Assessment for submission to
Commission Board, etc).
Analyses the price performance of different grades
of crudes in the international oil market and identi-
fies significant changes in price differentials.
Studies and analyses crude oil pricing policies of oil
Studies and analyses price developments in future
markets, identifies prices levels and differentials in
relation to spot markets.
Basket in relation to major benchmarks.
Carries out further in-depth analyses and applies
Analyses key factors which have an impact on oil
prices, primarily in major consuming countries.
Required competencies and qualifications:
University degree in Economics, Petroleum
Economics, Marketing, Engineering or related fields;
advanced degree preferred.
Eight years in the oil industry sector,
six years in case of advanced degree.
Physical and future markets;
supply/demand fundamentals; economics in thepetro-
leum industry; trading tools; oil market and its funda-
mentals, in particular combination of all key factors
influencing the oil market/prices.
Communication skills; analytical skills;
presentation skills; interpersonal skills; customer ser-
vice orientation; initiative and integrity.
Status and benefits:
Members of the Secretariat are international employ-
ees whose responsibilities are not national but exclu-
sively international. In carrying out their functions they
have to demonstrate the personal qualities expected
of international employees such as integrity, independ-
ence and impartiality.
The post is at grade E reporting to the Head of
Petroleum Studies Department. The compensation
package, including expatriate benefits, is commensu-
rate with the level of the post.