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Supply, Trading & Shipping
Job Family Group: Supply & Trading Group
Job Description:
About the role
The European Fuel Oil market strategist is responsible for market analysis of the European Fuel Oil markets. The successful candidate will generate competitively advantaged, innovative and repeatable extraordinary insights.
Analysis conducted in this role will identify trading opportunities in the VLSFO, HSFO, LSFO and residual feedstock markets and support trading decisions and commercial performance of the European and wider Global Fuel Oil trading bench.
Adept at developing partnerships across trading and analytics, the market strategist develops networks that stretch cross-geography and cross-commodity. They demonstrate the full suite of skills and capabilities that reside within our strong multidisciplinary analytics team, connecting data, analysis and insight.
What you will deliver
A successful candidate is able to challenge and influence risk deployment across the European Fuel Oil markets. Building strong trust and partnership with traders by delivering innovative and accurate fundamental insights. Complex insights and market observations are able to be communicated with speed, impact and due regard to the inherent risks and uncertainties.
The role will include construction of various economic models to evaluate key factors that impact the European Fuel Oil markets. This includes maintaining supply/demand models and analyzing/forecasting various aspects of the market e.g. production, blending, yields, trade flows (i.e., imports and exports), demand, impact of geopolitical events, regulatory changes, new technologies, storage, etc.
Other specific activities include:
- Monitor & quantify market fundamentals and their relationship to price
- Work with Lead Market Strategists and Trade Strategists to form market/trade views and influence commercial delivery
- Maximise the impact of information we gather from participation in physical and derivative markets
- Active collaboration, sharing knowledge, data, ideas and insights
- Grow and embed technical and subject matter expertise across the business and continually develop the analytics infrastructure.
- Mentorship of graduates in the distillate strategist team
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What you will need to be successful
Professional and/or academic analytical background with knowledge of energy commodity markets that includes:
- Detailed knowledge of European Fuel oil markets e.g. data sources, refineries, logistics, market trends and opportunities
- Detailed understanding of refining, and blending processes;
- Detailed understanding on Fuel oil qualities and bunker demand trends
- Detailed understanding of commodities price theory, including fundamental drivers of supply, demand, trade flows, prices and the mutual interaction of each.
- Understanding of global fuel oil markets and global related oil markets (e.g. crude, diesel)
Technical – The successful candidate must have strong proficiency in Excel, PowerPoint, Dataiku, Python and PowerBi
Commercial competence - Ability to review and analyze large amounts of data with a high level of attention to detail and problem solving attitude. Adept at formulating short and mid-term supply/demand forecasts and drawing relevant commercial insights for the business.
Fundamental analysis – Strong analytical problem solver able to organize large amounts of information in systematic ways. Intuitively understand crucial data/process/signals in fundamental analysis. Knowledge and application of economic principles and statistical analysis.
Communication – Excellent written and verbal communication skills, having the talent to communicate complex analysis and forecasts clearly and effectively with resulting commercial impact to traders, marketers and management.
Why join us?
At bp, we support our people to grow in a diverse and exciting environment. We believe that our team is strengthened by diversity.
There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, excellent retirement benefits, among others!
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We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.
Travel Requirement
Negligible travel should be expected with this role
Relocation Assistance
This role is not eligible for relocation
Remote Type
This position is a hybrid of office/remote working
Skills
- Agility core practices
- Analytical Thinking
- Computational Thinking
- Continuous Learning
- Data Analysis
- Data cleansing and transformation
- Data Management
- Data Sourcing
- Data visualization and interpretation
- Dialogue enablement
- Exposure Management
- Machine Learning (ML)
- Macroeconomics
- Market analysis methods
- Market Risk Management
- Sentiment and Trends
- Statistics
- Trade execution and management
- Trading Fundamentals
- Trading knowledge
Legal Disclaimer
We are an equal opportunity employer. We do not discriminate on the basis of protected characteristics like race, religion, color, sex, national origin, sexual orientation, veteran status or disability status. Individuals with an accessibility need may request an adjustment/accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.). If you would like to request an adjustment/accommodation related to the recruitment process, please contact us.
If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy. This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.
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