Downstream Market Analyst

Full time at Saudi Aramco in Saudi Arabia

Posted on March 6, 2024

Job details

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 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

As a recognized expert in his/her field, incumbent is foremost expert in his/her specialized discipline, and provides the highest level technical, professional advice and guidance regarding outlook & pricing of refined, chemical products, crude and logistics, interpreting market movement and the implications on the business. Has extensive prior work experience in the downstream oil & gas industry specifically Trading & Sales unit, Corporate Planning, Market Research Department, Business Development, and looks for ways to introduce best practices to enhance company profitability and improve performance. Promotes innovative solutions to solve complicated problems or identify issues and apply their knowledge to improve performance.

Duties & Responsibilities

Study global events and updates affecting the energy and oil & gas industry
Gather information and develop own forecasts based on market understandings for prices covering from M till M+3 for specific product and market combinations (during M-2 and M-1)
Interface closely with product specialists and ATC traders for input
Assess market premium and discounts in various enclaves
Share findings with Data Analytics and Reporting team daily
Perform quality control to ensure market relevancy of transfer prices, trigger review of contracts (if needed) and informing JV offtake positions during negotiations
Continuously improve market relations and forward curves developed
Review and provide necessary feedback to FAAD and Law department in relation to newly proposed TP contract agreements and/or amendments to existing agreements. Ensure fair pricing practices across all refineries for products and crude
Understand capabilities of logistics and operations to develop an informed opinion to push forward for the pricing committee

Minimum Requirements

Bachelor Degree in Commerce, Marketing, Engineering, Economics, Business Administration, or closely related specialty.
Post-graduate education or equivalent experience in MBA/Economics is desirable.
Deep knowledge of data warehousing and mining.
5 to 15 years relevant professional experience (preferable in oil & gas downstream business), including several years in field as a marketing analyst including analysis across refined product markets at global, regional and country levels. Assess the impacts of product flows, refinery economics and pricing on refined and chemical product markets.
Must have excellent communication and interpersonal skills and be willing to transfer implicit knowledge to the team and work effectively in cross functional teams.
Responsible for undertaking special assignments requiring analytical experience with minimal supervision and discretion. Good IT skills (excel and PowerPoint).

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. And because, as a global energy company, we are faced with addressing some of the world's biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs - one of the largest in the world.

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Downstream Market Analyst

Job details

Apply safely

Hiring company

Saudi Aramco

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