Downstream Market Analyst - Relocate to Saudi Arabia

aramco; Calgary; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is looking for a Downstream Market Analyst to join their Global Optimizer Development Department. This role focuses on optimizing crude allocation and operations to maximize revenue and capture market opportunities. You will provide high-level technical advice on pricing and market movements, working closely with product specialists and traders. With over 7 years of experience in the oil & gas downstream sector, you will leverage your expertise to enhance profitability and performance, while promoting innovative solutions to complex problems. If you thrive in a dynamic environment and have a passion for market analysis, this opportunity is perfect for you.

Qualifications

• 7+ years in oil & gas downstream sector, with 3+ years as marketing analyst.
• Deep knowledge in data warehousing and data mining.

Responsibilities

• Analyze global events affecting the energy and oil & gas industry.
• Develop forecasts for prices covering a rolling 3-4 months outlook.

Skills

Data Warehousing

Data Mining

Market Analysis

Communication Skills

Interpersonal Skills

Education

Bachelor's Degree in Commerce

MBA or equivalent experience

Job description

Candidates must relocate to Saudi Arabia.

Downstream Market Analyst - Req ID: 15661

Overview

We are seeking a Downstream Market Analyst to join our Global Optimizer Development Department (GOD). The department's goal is to optimize crude allocation and operations of global manufacturing facilities to maximize revenue, increase profitability, and capture international market opportunities.

Your primary role will be to provide high-level technical, professional advice and guidance regarding the outlook and pricing of refined products, chemicals, crude, and logistics. You will interpret market movements and assess their implications on the business.

Key Responsibilities

1. Study global events and updates affecting the energy and oil & gas industry.
2. Gather information and develop forecasts based on market understanding for prices covering a rolling 3-4 months outlook horizon.
3. Interface closely with product specialists and Aramco Trading Company (ATC) traders for input.
4. Assess market premiums and discounts in various enclaves.
5. Perform quality control to ensure market relevance of transfer prices, trigger review of contracts if needed, and inform JV offtake positions during negotiations.
6. Continuously improve market relations and forward curves methodology.
7. Review and provide feedback to Fuels Business Management and Law department regarding new or amended Transfer Price contracts & agreements, ensuring fair pricing practices across all refineries for products and crude.
8. Identify ways to introduce best practices to enhance profitability and performance, leveraging extensive experience in downstream oil & gas, particularly in Trading & Sales, Corporate Planning, Market Research, and Business Development.
9. Promote innovative solutions to solve complex problems or identify issues.
10. Apply industry-leading knowledge to improve performance.
11. Assess the impacts of product flows, refinery economics, and pricing on refined and chemical product markets.

Minimum Requirements

1. Bachelor's Degree in Commerce, Marketing, Engineering, Economics, Business Administration, or a related field.
2. Post-graduate education or equivalent experience (MBA/Economics) is desirable.
3. Deep knowledge of data warehousing and data mining.
4. Over 7 years of experience in the oil & gas downstream sector, including at least 3 years as a marketing analyst analyzing refined product markets at global, regional, and country levels.
5. Excellent communication and interpersonal skills, with a willingness to share knowledge and work effectively in cross-functional teams.