Short Term Forecasting 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. OverviewThe Short Term Forecast & Market Analysis Group monitors current changes and dynamics affecting the oil market with the intent of informing management about market conditions. The group develops oil demand, and oil supply forecasts as well as price projections to support the Company's Business Plan as well as Quarterly Accountability Phases. Furthermore, the team also provides analysis of trends and facilitates discussions with Executive Management on regular basis to support strategic thinking and decision making. The crude oil senior analyst is required to understand the interplay of the variables that affect global oil demand, and ultimately, conduct the modeling exercise for balances and prices with a focus on the next three years. Key ResponsibilitiesDegree: Bachelor's or Master's degree in economics/finance/statistics/econometrics or an energy-related field from a leading university. Masters and/or MBA is preferable Work experience: Five years (or more) experience analyzing the crude oil market and producing balances with a consultancy, a financial services firm covering the oil commodity desk, or a government agency. Languages: Fluency in English (oral and written) is must. Experience in economic and energy modeling, and forecasting. Effective written and oral communication skills with management as well as presentation skills. Data visualization tools such as POWER BI is a plus. Proficiency in Bloomberg, and strong knowledge of Excel. Ability to work effectively with minimum supervision and on relatively unstructured tasks. Must be able to work on time-sensitive environment and reacts quickly with requests. Minimum RequirementsDevelopment of global balances and price forecast: development monthly crude forecasts based on demand analysis and supply assumptions (other analyst will support supply research). Develop weekly dashboards and report on crude price and market dynamics: provide commentary on weekly changes in drivers of prices and developments affecting demand in key regions. Develop monthly report on global balances: publication focus on oil markets, containing forward-looking trends along with ideas that might affect current dynamics. Jointly work with refining and supply analyst to conduct monthly markets report: presentation and robust analysis to be conduct across desks. Respond to adhoc requests: responds to queries from executive management and other high-level organizations regarding specific balances or demand related topics with a focus on the next three years. Maintains dynamic pricing model with a focus on demand models at global levels by country and by product. Provides interpretation of own- and third-party oil forecasts in a high-quality written report. Represents Saudi Aramco at industry conferences and seminars. Travel is required one or two times a year. Fosters and supports Aramco's culture and values. Team and goal oriented. Builds trust. 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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Short Term Forecasting Analyst

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Short Term Forecasting Analyst

Job details

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