Oil Demand Expert - RELOCATE TO SAUDI ARABIA

aramco; Calgary; On-site; USD 120,000 - 180,000; Full time

Job summary

An established industry player is seeking a Global Oil Supply Specialist to join their Global Analysis Department. This role involves analyzing the global oil market, developing supply forecasts, and providing insights on macroeconomic factors affecting oil supply. With a commitment to talent development, the company offers a challenging environment where employees work on world-scale projects. Ideal candidates will have extensive experience in the energy sector, particularly in upstream oil and gas, and possess strong analytical and communication skills. This is a unique opportunity to contribute to a leading company in the energy industry while enhancing your professional growth.

Qualifications

• 15+ years in the energy industry, focusing on upstream oil and gas.
• Strong understanding of technical and fundamental drivers in oil and gas.

Responsibilities

• Analyze global oil market supply and trade flows.
• Develop short, medium, and long-term supply forecasts.
• Provide detailed country analysis on oil supply factors.

Skills

Oil Market Analysis

Forecasting

Economic Evaluation

Modeling

Communication

Education

Bachelor’s Degree in Business, Management, or Engineering

MBA or Master of Energy Economics

PhD

Job description

Candidate must Relocate to Saudi Arabia.

Aramco energizes the world economy

Aramco occupies a unique position in the global energy industry. We are the world's largest producer of hydrocarbons (oil and gas), with the lowest upstream carbon intensity of any major producer.

With our significant investment in technology and infrastructure, we strive to maximize the value of the energy we produce for the world along with a commitment to enhance Aramco’s value to society.

Headquartered in the Kingdom of Saudi Arabia, and with offices around the world, we combine market discipline with a generations’ spanning view of the future, born of our nine decades of experience as responsible stewards of the Kingdom’s vast hydrocarbon resources. This responsibility has driven us to deliver significant societal and economic benefits to not just the Kingdom, but also to a vast number of communities, economies, and countries that rely on the vital and reliable energy that we supply.

We are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.

Overview

We are seeking a Global Oil Supply Specialist to join the Global Analysis Department (GAD) and work in the Global Outlook Group within Strategy & Market (SMA) organization.

The core function of the SMA organization is to advise the company’s management and guide other departments within the company on energy markets and outlooks, macroeconomic outlook, oil pricing, international energy policies and regulations, and economic evaluations as well as assist in business planning and strategy formulation.

The Global Oil Supply specialist will provide Corporate Management as well as other organizations within the company with global oil supply outlooks in the short, medium, and long terms using a bottom-up approach, and forecast the call on Saudi Aramco crude oil production. The specialist will also monitor current and future regulations to identify possible impacts on the Company’s oil business as well as be capable of running sophisticated models (in-house) for forecasting.

Key Responsibilities

• Analyzing the supply side of the global and regional oil market, understanding the issues surrounding liquid supply and their trade flows, as well as the implications for the company’s main markets and operations.
• Developing robust short, medium, long-term liquids supply forecasts on a country-by-country basis, considering factors that impact supply such as fiscal, investment, political environments, and the nature of the assets and decline rates.
• Delivering detailed country analysis covering factors that affect the country’s oil supply such as commercial developments, reserves growth, discoveries, infrastructure issues, and crude quality outlooks.
• Analyzing well, field, and basin reports to determine production statistics and results.
• Providing in-depth tracking of macroeconomic, energy, and company-related coverage through news flows and consultancy reports.
• Developing, maintaining, and utilizing an extensive external network of contacts including strategic advisors, investment banks, international and national oil and gas companies, think tanks, academics, and consultants.
• Responding to queries regarding specific supply topics.
• Representing SMA and GAD in Saudi Aramco events to enhance employee understanding of the energy industry.

Minimum Requirements

• Bachelor’s Degree in Business, Management, or Engineering field.
• MBA, Master of Energy Economics, or PhD preferred.
• Minimum of 15 years experience in the energy industry, particularly upstream oil and gas sector, including at least 5 years of relevant modeling and forecasting experience with a large oil consultancy.
• A strong understanding of the technical and fundamental drivers in upstream oil and gas.
• Proven ability to communicate effectively with industry and non-industry personnel at all levels, including external experts.
• Ability to work independently and handle unstructured tasks effectively.
• Experience working with multidisciplinary teams producing reports, studies, and presentations that influence management decisions.

Working Environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical, and industrial opportunities we offer, and are remunerated accordingly. At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. We invest heavily in talent development through extensive training and education programs to enhance sector-specific knowledge and competencies.