Oil Demand Analyst at Organization Of The Petroleum Exporting Countries (OPEC)

Job Code: 4.3.03
Location: Nigeria

Department Objectives
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 collect data via extensive communication and analyze factors that affect and influence global oil demand for crude and petroleum products for each region; forecast the World Oil Demand using quantitative tools as well as expert judgment; prepare on a monthly basis the sections on World Oil Demand for the Monthly Oil Market Report (MOMR).

Main Responsibilities

• Prepares reports/contributions as follows:
  • Section on world oil demand for the Monthly Oil Market Report, the Ministerial Monitoring Sub-Committee, the Annual Report, the World Oil Market Current Conditions and Immediate Prospect for the ECB. The Highlights of the Oil Market Situation for meetings of the BOG.
  • Presentations on world oil demand short-term outlook to the ECB, to training seminars of Member Country participants;
• Analyses and consolidates pertinent information and documentation relating to world oil demand and assesses the impact on the short-term demand outlook
• Collects and analyses oil demand data in close cooperation with the Data Service Department and assesses the impact on the short-term oil demand outlook
• Prepares/revises the short-term world oil demand outlook on a monthly basis
• Studies and analyses the relative price of competing sources of energy and the possible effects on short-term oil demand
• In collaboration with the Modelling and Forecasting Analyst carries out studies to improve demand projections, particularly by developing a reference quantitative model.
• 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 Economics, Econometrics, Business, Finance or Energy Economics.
• Advanced degree preferred.

Work Experience:

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

Training Specializations:

• Energy economics
• Quantitative techniques and forecasting methods
• Knowledge of oil market developments.

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.