Global Oil Supply Specialist - Tier 1 Energy Major, Middle East

Posted 23 October 2023
Salary £150k-£300k plus excellent relocation package, benefits
LocationDubai City
Job type Permanent
Discipline Energy and Utilities
ReferenceGlobal Oil Supply Specialist
Contact NameRichard Stewart

Job description

​Our client occupies a unique position in the global energy industry. They have the lowest upstream carbon intensity of any major producer. With their significant investment in technology and infrastructure, they strive to maximize the value of the energy they produce for the world along with a commitment to enhance their value to society. Headquartered in the Middle Eat and with offices around the world, they combine market discipline with a responsibility has driven us to deliver significant societal and economic benefits to a vast number of communities, economies, and countries that rely on the vital and reliable energy that they supply. They are one of the most profitable companies in the world, as well as amongst the top five global companies by market capitalization.


Our client is searching for a Global Oil Supply Specialist to join their Global Analysis Department and work in the Global Outlook Group within the Strategy & Market Analysis (SMA) Organisation. The core function of the SMA organization is to advise the company’s management and guide other departments within the company on energy markets and outlooks, macroeconomic outlook, oil pricing, international energy policies and regulations, and economic evaluations as well as assist in business planning and strategy formulation. The Global Oil Supply Specialist’s primary role will be to provide Corporate Management as well as other organizations within the company with global oil supply outlooks in the short-, medium- and long-terms using a bottom-up approach, and forecast the call on crude oil production. The specialist will also monitor current and future regulations to identify possible impacts on the Company’s oil business as well as be capable of running sophisticated models (in-house) for forecasting. The supply specialist is required to understand the interplay of the many variables that affect supply and the call on the company including the role of oil supply in global energy transition.

Key Responsibilities

  • Serve as advisor to SMA, other company organizations, and Executive and Corporate Management on global oil supply issues encompassing the following:

  • Analysing the supply side of the global and regional oil market, understanding the issues surrounding liquids’ supply and their trade flows, as well as the implications for the company’s main markets and operations.

  • Developing robust short, medium, and long-term liquids supply forecasts on country by country basis taking into consideration factors that are likely to impact supply such as fiscal, investment, political environments, and nature of assets and decline rates.

  • Delivering detailed country analysis encompassing the factors that affect the country’s oil supply such as commercial developments, reserves growth, other discoveries, yet-to-find, infrastructure issues, marketed crude streams and crude quality outlook.

  • Analysing well, field, and basin reports to determine production statistics and results.

  • Understanding and evaluating fiscal oil regimes, contractual structures and upstream project economics and marginal barrel production and replacement costs.

  • Developing and maintaining oil supply databases and models including non-OPEC and OPEC countries.

  • Providing analysis, and interpretation of own and third party oil supply forecasts in high-quality written reports using Word and PowerPoint.

  • Identifying, analysing and reporting global industry trends and regional trends.

  • Providing in-depth tracking of information, news flows and consultancies’ reports on macroeconomic, energy and company-related coverage.

  • Developing, maintaining and utilizing an extensive external network of contacts including strategic advisors, investment banks, international and national oil and gas companies, think tanks, academics, and consultants.

Minimum Requirements

  • Bachelor’s Degree in Petroleum Engineering or related specialty from a leading university

  • Master’s Degree in Petroleum Engineering, Petroleum Economics, Geology or closely related specialty. MBA, Masters of Energy Economics or PhD desirable.

  • Knowledge of the energy industry, in particular the oil & gas upstream sector. The candidate must have a strong understanding of the technical/fundamental drivers in upstream oil and gas. Five or more years of relevant modelling and forecasting experience with a large oil consultancy and at least 10 years of industry experience. Experience with one of the leading industry consulting and forecasting firms (e.g. OPEC, the IEA, the EIA, Wood Mackenzie, S&P Platts, FACTS, etc.) is a plus.

  • Experience with spreadsheets, statistical tools, modelling and forecasting.

  • Proven ability to interface and effectively communicate with industry and non-industry personnel at all levels within the organization and with outside experts.

  • Strong written and oral communication skills to individuals and groups from diverse professional backgrounds at all levels both within the organization and externally.

  • Ability to work effectively with minimum supervision and on relatively unstructured tasks.

  • Intellectually curious and keeping abreast of topics that affect the evolving refining and petrochemical markets.

  • Hands-on person who will immediately achieve the professional respect of others possessing long-time practical experience of working in or serving the refining and petrochemical industry. Person whom others, at all levels, will seek out for advice and counsel.

  • Ability to look at a situation both from a general perspective as well as to penetrate into issues in depth when required.

  • Ability to work with multidisciplinary teams producing reports, studies and presentations that are pivotal in shaping the management’s decisions.

Working environment

Their high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly. At our client the 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, they are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, they invest heavily in talent development.