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145

OPEC bulletin 11/17

Oil Price Analyst

Applications:

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

Country’s

Governor for OPEC.

In order for applications to be considered, they must reach the OPECSecretariat through the relevant Governor not

later than

December 1, 2017,

quoting the job code:

4.3.02

(see

www.opec.org

— Employment).

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 the

OPECMonthly 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

marketsandtheirinteractionwithspotprices;toforecast

short- and medium oil price movements and — on the

basis of forecasts of oil demand and supply as well as

currentstockmovements—toundertakemarketassess-

ments under different scenarios and report thereon.

Main responsibilities:

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

theGoverningBodies(BoardofGovernors, Economic

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

exporting countries.

Studies and analyses price developments in future

markets, identifies prices levels and differentials in

relation to spot markets.

Followsupon theperformanceoftheOPECReference

Basket in relation to major benchmarks.

Carries out further in-depth analyses and applies

quantitativemethodsonoilmarketpricemovements.

Analyses key factors which have an impact on oil

prices, primarily in major consuming countries.

Required competencies and qualifications:

Education:

University degree in Economics, Petroleum

Economics, Marketing, Engineering or related fields;

advanced degree preferred.

Work experience:

Eight years in the oil industry sector,

six years in case of advanced degree.

Training/specializations:

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.

Competencies:

Communication skills; analytical skills;

presentation skills; interpersonal skills; customer ser-

vice orientation; initiative and integrity.

Language:

English

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.