Middle Distillates Analyst

Pangea; Greater London; On-site; GBP 70,000 - 110,000; Full time

Job summary

Pangea, a leading energy trading business in the UK, seeks a Middle Distillates Analyst to support a front-office trading desk. You will build global balance views, forecasting and scenario tools, and translate analysis into actionable trading insights.

Key capabilities include distillates fundamentals, physical markets knowledge, independent forward-looking views, strong Python modelling, and the ability to communicate complex analytics clearly to traders and stakeholders.

Qualifications

• Distillates fundamentals experience.
• Strong understanding of physical markets and arbitrage.
• Experience producing independent forward-looking fundamentals views.
• Strong modelling and data capability: Python.
• Clear communication style—able to turn complex analysis into trade-relevant insight.

Responsibilities

• Build and maintain a global distillates supply and demand balance.
• Develop forecasting and scenario tools covering refinery runs/yields, flows, inventories, demand and margins.
• Analyse arbitrage economics, freight, physical premiums and dislocations across key basins.
• Monitor news, macro, geopolitics and market microstructure, translating developments into desk-relevant conclusions.
• Track physical tenders/transactions and assess implications for near-term and forward structure.
• Deliver concise daily/weekly outputs (dashboards, notes, presentations) to traders and stakeholders.

Skills

Distillates fundamentals

Arbitrage & markets

Python modelling

Data visualization

Communication

Job description

A leading energy trading business is hiring aMiddle Distillates Analystto support a high-performing distillates trading desk. This is a front-office-facing analytics role focused on building a differentiated view of global balances, flows, refining economics and price drivers... and translating that work into actionable trading insight.

What you’ll do

• Build and maintain a global distillates supply & demand balance
• Develop forecasting and scenario tools coveringrefinery runs/yields, flows, inventories, demand and margins
• Analysearb economics, freight, physical premiums and dislocations across key basins
• Monitornews, macro, geopolitics and market microstructure, translating developments into desk-relevant conclusions
• Track physical tenders/transactions and assess implications for near-term and forward structure
• Deliver concise daily/weekly outputs (dashboards, notes, presentations) to traders and stakeholders

What we’re looking for

• Distillates fundamentals experience
• Strong understanding ofphysical markets and arbitrage(incl. freight/shipping economics)
• Experience producingindependent, forward-looking fundamentals viewsthat inform decisions
• Strong modelling and data capability: Python
• Clear communication style—able to turn complex analysis into trade-relevant insight