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81

OPEC bulletin 10/17

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 PetroleumStudies

Department provides pertinent and reliable infor-

mation and analyzes in support of decision-making

and policy-making in Member Countries. It carries

out research programmes 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 con-

sideration. It conducts regular forecasts, elaborates

and analyzes 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

relatedpod casts. And it prepares and contributes to

reports tobe submitted to theEconomicCommission

Board, theBoardof Governors, etc, aswell aspapers

for various OPEC publications.

Objective of position:

To study and analyze determinants of oil prices and

price differentials between grades of crude oil, as

well as different market crude spreads with poten-

tial arbitrage flows and to analyze 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 move-

ments — to undertake market assessments under

different scenarios and report thereon.

Main responsibilities:

Consolidates analytical findings and prepares,

coordinatesandcontributesto reportsfor submis-

sion to theGoverningBodies (primarily Economic

Commission Board) and for issuance in the Daily,

Weekly and Monthly Reports, as well as for pres-

entations in various forums.

Carries out the Market Assessment for submis-

sion to theGoverningBodies (Boardof Governors,

Economic Commission Board, etc).

Analyzesthepriceperformanceofdifferentgrades

of crudes in the international oil market and iden-

tifies significant changes in price differentials.

Studies and analyzes crude oil pricing policies of

oil exporting countries.

Studiesandanalyzespricedevelopmentsinfuture

markets, identifies prices levels and differentials

in relation to spot markets.

Follows up on the performance of the OPEC

ReferenceBasketin relation tomajor benchmarks.

Carries out further in-depth analyzes and applies

quantitativemethodsonoilmarketpricemovements.

Analyzes key factors which have an impact on oil

prices, primarily in major consuming countries.

Required competencies and qualifications:

Education:

UniversitydegreeinEconomics,Petroleum

Economics,Marketing, Engineering or related fields;

advanced degree preferred.

Work experience:

Eight years in the oil industry sec-

tor; six years in case of advanced degree.

Training/specializations:

Physical and future mar-

kets; supply/demand fundamentals; economics in

the petroleum industry; trading tools; oilmarket and

its fundamentals, inparticular combinationof all key

factors influencing the oil market/prices.

Competencies:

Communication skills; analytical

skills; presentation skills; interpersonal skills; cus-

tomer service orientation; initiative and integrity.

Language:

English.

Status and benefits:

Membersof theSecretariat are international employ-

eeswhose responsibilitiesarenot national but exclu-

sively international. In carrying out their functions

they have to demonstrate the personal qualities

expected of international employees such as integ-

rity, independence and impartiality.

The post is at grade E reporting to the Head of

Petroleum Studies Department. The compensation

package, including expatriate benefits, is commen-

surate with the level of the post.