Oil Market Analyst

Role Purpose

The Oil Market Analyst plays a critical role within STMA as a front‑facing role to support the Regional Cross Book Analyst, providing timely and integrated insights across crude and refined products to directly support commercial decision‑making. The role connects the full barrel by coordinating and promoting cross‑product discussions, ensuring analytics across crude, middle distillates, light ends, fuel oil, and chemicals are aligned to identify opportunities and emerging market dislocations. It also maintains and enhances core fundamentals databases—such as margins, maintenance schedules, and asset insights—that underpin trading signals and short‑ to medium‑term market understanding.

Acting as the focal point for engagement with industrial data vendors, consultancies, and market commentators, the analyst ensures the team stays current with industry perspectives and evolving market trends. In addition, the role delivers bespoke, cross‑barrel analytical projects and deep‑dives that strengthen understanding of integrated value‑chain dynamics and help shape informed trading convictions.

Key Accountabilities:

• Support cross-book discussions: support CBA to manage desk interface. Attend regular desk meetings and cross-book discussions to identify analytical gaps. Work with desk analysts to frame up ideas for solutions
• Enhancing refinery outage tool-kit: enhancing refinery monitoring capability by leveraging various data and sources of information such as remote sensing, ship tracking, inventory to best & timely inform refinery operating conditions.
• Deliver cross-barrel analytical work: this could be any analytical work that cover cross barrels and even beyond oil market. One example is building a model that would represent the liquid burning profile in Saudi Arabia in short-medium term considering new development across oil, natural gas and power sectors.
• Support STMA market outlook development: Provide support to development of Shell Baselines for oil demand, liquid supply, operable asset capacities, trade flows and resulting market tensions as required under wider market research Initiatives.

Requirements:

Core Trading & Commercial Competencies

• Refinery Processing & Blending
• Crude, Product & Natural Gas Quality
• Freight Economics & Contracts
• Market Analysis (Technical & Fundamental)
• Trading Negotiations
• Trading Operations & Documentation
• Trading Risk Management
• Trading Book Management
• Trading Finance & Controls
• Financial Exposure
• Regulatory Compliance

Technical Competencies

• Good refining and chemical knowledge (value chain, key processes and product yield, refinery margins, optimization, crude diet and crude valuation etc)
• Basic understanding of supply-demand balances and the building blocks
• SQL and Python. Proficient in working with API and Power Query in terms of data collection, cleaning and analysis
• Basic Visualization & Dashboarding Tools

Skills & Attributes

• Strong analytical, problem-solving, and critical-thinking skills.
• Excellent communication skills; able to translate analytical insights into trader-relevant outcomes.
• Ability to manage multiple concurrent priorities, balancing detailed execution with strategic alignment.
• High attention to detail with a bias toward action and continuous improvement.
• Strong interpersonal skills and ability to build trust across teams.

Additional Information

• Meeting attendance across global time zones may be required.
• This role has no direct reports but requires leadership through influence without authority.