Oil Supply Analyst at OPEC

Organization of the Petroleum Exporting Countries (OPEC) - We  coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.

Opec is recruiting to fill the below position of:

Job Title: Oil Supply Analyst
Job Code: 4.3.04

Job Description
Within the Research Division, the Petroleum Studies Department is responsible for providing pertinent and reliable information and analyses in support of decision-making and policy-making in Member Countries. It carries out research programs 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 consideration. 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 the OPEC Monthly Oil Market Report, as well as other reports, presentations and related pod casts. And it prepares and contributes to reports to be submitted to the Economic Commission Board, the Board of Governors, the Ministerial Monitoring Sub-Committee, as well as papers for various OPEC publications.

Job Objective
The Oil Supply Analyst analyses and forecasts near to short-term non-OPEC oil supply and coordinates and consolidates relevant analyses and data, to calculate the Market Balance and the demand for OPEC crude as well as to analyse rig counts and to follow OPEC production and quota.

Job Responsibilities

• Studies and analyses non-OPEC oil supply.
• Identifies and determines sources of data and information on non-OPEC oil supply and processes available data.
• Forecasts short-term, non-OPEC supply.
• Studies and analyses excess capacity on OPEC Member Countries and its impact on the oil market.
• Monitors world rig count.
• 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 Economic Commission Board and Board of Governors.

Requiirements

• University degree (advanced degree preferred) in Petroleum Engineering or Economics
• A minimum of eight years (six years in case of an advanced degree)
• Training/specialization in modelling, 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 and integrity
• Language: English
• Applicants must be nationals of Member Countries of OPEC and should not be older than 58 years.

Remuneration

• 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 of Petroleum Studies Department. The compensation package, including expatriate benefits, is commensurate with the level of the post.

Application Closing Date
16th March, 2013

Method of Application
Interested and qualified candidates should fill in a resume and an application form which can be received from their Country's Governor for OPEC.

Note
In order for applications to be considered, they must reach the OPEC Secretariat through the relevant Governor not later than 16 March 2013.