OPEC bulletin 10/17
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 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 theOPEC 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.
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).
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.
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
Analyzes key factors which have an impact on oil
prices, primarily in major consuming countries.
Required competencies and qualifications:
Economics,Marketing, Engineering or related fields;
advanced degree preferred.
Eight years in the oil industry sec-
tor; six years in case of advanced degree.
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.
Communication skills; analytical
skills; presentation skills; interpersonal skills; cus-
tomer service orientation; initiative and integrity.
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.