Eni Trading & Shipping SpA has an exciting new opportunity within our Oil & Products Market and Pricing Analysis Department. Based at our offices in London, the successful candidate will be responsible for the following duties:
- Conduct insightful economic analysis of crude oil refining values both as single crude and as a part of a mix, constantly monitor crude oil netback and refining margins in various market areas with particular focus on eni equity productions.
- Comparison of various crude oils from a refining point of view, highlight the main elements which determine their marketability and market value; build models to perform such activity
- Develop, implement and back test short and long term global refining industry outlooks, including: global and regional changes in capacity levels, changes in crude and other feedstock, impact of planned and unplanned maintenances, total production rates by major product groups, global and regional trade balances and the general industry margins and profitability trends.
- Monitor and assess an impact of international regulations on the global and regional refining business.
- Suggesting and supporting implementation of continuous software/IT enhancements required to improve
- Maintaining updated energy market statistics, including worldwide crude oil production/demand and expected future developments. Develop, maintain and improve refined products demand/supply balances and forecasts by product type.
- Prepare well written and illustrated documents and presentation material upon request from Management and internal customers. Helping and advising internal customers about crude oil / refined products profitability as a support to trading / upstream
The successful candidate will possess the following knowledge, skills and experience:
- Academic background: preferably a Bachelor degree in Chemical Engineering / Economics / Finance or related specialty from a leading university;
- Fluent knowledge of English language (written & spoken);
- Knowledge about available data sources / information providers;
- Good knowledge of market dynamics and different type of prices/pricing benchmarks (physical, forward).
- Specific experience about analysis of refining activity and processes, performing calculations of refinery margins, building models to such purpose.
- Highly organised, structured and analytical thinking: ability to define problems, collect data, establish facts and draw valid conclusions in a timely manner. Works effectively and responsibly on both regular/structured and relatively unstructured tasks.
- Strong quantitative capability, programming and software expertise. Fundamental modelling experience
- Excellent Excel/VBA, Power Point skills. Python knowledge appreciated.
- Ability to work in an international, multi-locational organization. Having worked in an oil major or a trading environment would be an advantage.
Salary: £65,000 per annum + £1,100 lunch allowance per annum
Opening date: 14 March 2019
Closing date: 11 April 2019