Oil Supply Analyst

Deadline: 16 December 2019 - Job Code: 4.3.04

The prime objectives of the Department are:

  • To provide pertinent and reliable information and analyses in support of decision-making and policy-making in Member Countries.
  • To carry out, on a continuous basis, research programmes and studies on short-term petroleum market developments with the aim of issuing reports on a regular (i.e. daily, weekly, monthly and bi-monthly) as well as ad hoc basis highlighting important issues for their use and consideration.
  • To conduct regular forecasts, elaborate and analyze oil market scenarios and prepare and publish reports on these findings.
  • To promote OPEC views and technical analysis on short-term oil market developments to the industry at large and general public via the OPEC Monthly Oil Market Report (especially the feature article) as well as other reports, presentations and related pod casts.
  • To prepare and contribute to reports to be submitted to the ECB, the BOG and other relevant meetings as well as papers for various OPEC publications.


Objective of Position

To analyze and forecast near to short-term  non-OPEC oil supply and to coordinate and consolidate relevant analyses and data and to calculate the Market Balance and the demand for OPEC crude as well as to analyze rig counts and to follow OPEC production and quota.


Main Responsibilities

  1. Studies and analyses non-OPEC oil supply.
  2. Identifies and determines sources of data and information on non-OPEC oil supply and processes available data.
  3. Forecasts short-term, non-OPEC supply.
  4. Studies and analyses excess capacity on OPEC Member Countries and its impact on the oil market.
  5. Monitors world rig count.
  6. Consolidates findings of the above analyses and prepares reports, to be included in the Monthly Oil Market Report, as well as in the reports and presentations to the ECB, BOG and other relevant meetings.
  7. Carries out any other tasks assigned by the relevant superiors as pertain to his/her background, qualifications and position.


Required Competencies and Qualifications

Education:

  • University degree in Petroleum Engineering or Economics.
  • Advanced degree preferred.

Work Experience:

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

Training Specializations:

  • Modeling
  • Near to short term non-OPEC oil supply model designing and running using spread sheets
  • Oil field development
  • Discounted cash flow procedures in oil sector
  • Development contracts

Competencies:

  • Communication skills
  • Analytical skills
  • Presentation skills
  • Interpersonal skills
  • Customer service orientation
  • Initiative
  • Integrity

Language: English


Status and Benefits

Members of the Secretariat are international employees whose responsibilities are not national but exclusively international. In carrying out their functions they have to demonstrate the personal qualities expected of international employees such as integrity, independence and impartiality.

The post is at grade E reporting to the Head, Petroleum Studies Department. The compensation package, including expatriate benefits, is commensurate with the level of the post.


Applications

Applicants must be nationals of Member Countries of OPEC and should not be older than 58 years.

Applicants are requested to fill in an application form which can be downloaded from the OPEC website.

In order for applications to be considered, they must reach the OPEC Secretariat through the relevant Governor not later than 16 December 2019.