Senior Refining Analyst, Oil Markets and Downstream
IHS Markit Oil Markets, Midstream, Downstream and Chemicals group provide data, strategic research and analysis across the oil, midstream, downstream and chemical markets so our clients can make critical decisions with confidence.
Energy, chemical players and financial institutions rely on us to better understand market, company and economic behaviour to adjust their business strategy.
Our data and research ranges from near / long term outlooks, competitive benchmark, market analysis and technology assessments.
Within the Refining and Marketing division, we provide insight on the industry and market fundamentals of refining crude oil and marketing refined products including supply / demand balances, trade, prices, capacities and infrastructure.
We forecast product balances and benchmark refining margins, details for national markets around the world as well as guidance on what is an anomaly, and what is a fundamental market shift.
The Europe downstream research team consists of a group of analysts covering Europe, CIS, Africa, and the Middle East, based in London and Paris, but working with global teams across IHS Markit.
You will be a key member of the IHS Markit Refining and Marketing European Downstream team. Reporting into the manager of the European downstream research team, you will undertake key responsibilities such as :
You work with our regional teams to support the long-term forecasting of refined products demand, refinery operations, crude / product prices and refinery margins.
Key themes such as energy transition, refinery rationalisation and decarbonisation are embedded in these forecasts
You act as a refining subject matter expert, periodically reviewing and continuously improving the modelling of 85 European refineries reflected in our Refinery Cost and Margin Analytics suite
You maintain and improve refining-related data and information, and proactively search for new data and information sources, especially as the refining space is broadening its horizon into the renewable space.
You interpret technical information and share your insights and understanding with internal and external stakeholders, both through reports and in-person communication.
You contribute to our research offering through thought leadership on oil refining and wider downstream topics
You support subscription and consulting activities by producing deadline-driven, quick-turnaround analysis and research on the refining markets in EMEA, and on the companies operating within them.
These assignments span across the entire downstream value chain, and increasingly interface with petrochemicals and renewables.
You develop independent analysis in support of the project, contribute to market fundamentals and high-level financial modelling, and support delivery of high-quality client-specific projects
The key qualifications and skills you have are :
You have at least 5 years of downstream oil industry experience, ideally in an oil refinery, oil research consultancy or EPC firm
You possess a Bachelor’s degree; an engineering background preferred but not a must. Master’s degree or above is a plus
Through your education and / or experience, you have developed a solid understanding of refinery operations and profitability drivers, refinery-petrochemical integration and what it takes to decarbonise a refinery and its products, both from a technical and a financial perspective
You are familiar with linear programming and are able to use LP tools such as Aspen PIMS. Model building capability is a plus but not essential
You demonstrate strong numerical and quantitative analysis skills, precision and attention to detail
You possess an excellent level of English, both written and verbal presentation skills. Proficiency in other languages is a plus
Excellent Excel skills and proficiency with other MS applications required (Word and PowerPoint)
You have a general understanding of financial modelling and the key metrics including rate of return, net present value, working capital and cost of capital, and are able to apply these to investment decisions in the downstream oil space
You can work to deadlines and prioritize a complex workload
Given the uncertain COVID-19 situation, it is highly likely that you will be fully or partly remote to start with, so you will need to be autonomous and self-motivating during the virtual onboarding process
A permanent contract
Base salary plus cash incentive plan and equity award
Health insurance and company pension plan
Other benefits depend on location
Opportunity to develop skills and knowledge in a truly global working environment, and contribute to projects on a broad range of topics as the oil industry needs to reinvent itself in the next decade
Growth opportunities, both vertically into leadership roles, and horizontally, as IHS Markit brings together the deepest intelligence across the widest set of capital-intensive industries and markets
Client exposure as we serve the world’s largest national and international oil companies, traders and other key stakeholders in the energy industry
Inclusion and diversity are critical to the success of IHS Markit, and we actively encourage applications from people of all backgrounds.
We are committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, status as a protected veteran, or any other protected category.
For more information on the many ways in which we enthusiastically support inclusion and diversity efforts for both candidates and employees, please access our Inclusion & Diversity Statement .