Consultant – Asian Downstream Oil Markets

  • Full-time
  • Verisk Business: Wood Mackenzie

Company Description

Wood Mackenzie are the global research, analytics, and consultancy business powering the natural resources industry. For 50 years, we have been providing the quality data, analytics, and insights our customers rely on to inspire their decision making.

Our dedicated oil, gas & LNG, power & renewables, chemicals, metals & mining sector teams are located around the world and deliver a variety of projects based on our assessment and valuation of thousands of individual assets, companies, and economic indicators such as market supply, demand, and price trends.

We have over 1,900 employees in 30 locations, serving customers in nearly 80 countries. Together, we inspire and innovate the markets we serve – providing invaluable intelligence to help our customers overcome the toughest challenges, and make strategic decisions that will, ultimately, accelerate the world’s transition to a more sustainable future.

Job Description

This role will focus on Asian (specifically China) downstream oil markets, within our Oil & NGL Market Research group. The role holder will support the development and ongoing production of research content related to Asian oil supply/demand and trade balances, price forecasts and valuation of Asian refinery assets.  Gathering data, creating/updating proprietary models and contributing to the development of the long- and short-term outlooks and other oil research deliverables will be core to the role.  

The candidate should be keen to develop industry and client relationships, focus on supporting the commercialization of our Asian coverage, learn about the intricacies of Asian refinery assets and markets and their impact on international markets, and understand how the region interacts with other commodity markets. A client-centric and commercial approach will be essential to deliver success in the role.

Main Responsibilities

  • Support development of Asian refinery supply/demand balance update cycle, including long- and short-term outlooks
  • Model Asian refinery assets using in-house models to assess regional refinery competitiveness and the impact of new investments; contribute to annual forecasts for regional refinery competitiveness
  • Contribute to content update process to maintain the publication schedule agreed to with the research leads; communicate status to other teams for integrated content production cycles
  • Develop models and visualizations, update model inputs, develop presentation materials and client solutions for our downstream oil clients
  • Work with data experts to revamp processes and to design and test models and outputs.
  • Maintain and update model input assumptions; recommend changes to data or program structure; interface with data vendors internally and externally.
  • Maintain supply, demand, price and infrastructure databases.  
  • Follow Asian downstream oil market activity through analysis of reported data, face-to-face meetings with company contacts, and other sources of information.
  • Work with team leadership and thought leaders to develop regional research deliverables, including insights, informs, and potentially other regular deliverables relevant for the market.
  • Respond to internal and external inquiries regarding data and analysis focused on the Asian downstream market.

Additional Responsibilities

  • Understanding of the dynamics of commodity markets (i.e. price behaviour, how logistics costs impact prices, principles of substitute and complementary products, marginal cost/revenue).
  • Broad understanding of the downstream/petrochemical industries.
  • Strong written and oral proficiency in Chinese and English.
  • Initiative, curiosity, demonstrated interest in the subject matter area.
  • Willing to attend events and form relationships with clients and other Wood Mackenzie teams.
  • Communication and influence management skills.
  • Programming skills in SQL, Python, R, etc. are a plus.

People/Team

Wood Mackenzie’s Oils Research team is responsible for our short- and long-term refinery supply/demand balances, refinery evaluation model, and pricing forecasts and outlooks.  The team closely tracks key trends and developments in the industry, and then communicates these to clients. As a Consultant on the team, you will become an integral part of a growing team at the forefront of Wood Makenzie's continued oils research growth. A creative, collaborative approach and ability to self-start will be essential to adding value to this dynamic team.  

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Qualifications

Knowledge, Skills & Experience  

  • 3 to 5 years of experience in a role that specifically relates to downstream oil/refining
  • Prior experience in a deadline-driven environment.
  • Excellent written and verbal communication skills.
  • Strong proficiency in written and oral Chinese and English.  
  • Experiencing developing/maintaining models built in Excel, Python, or other big data programming languages
  • Bachelor’s degree in a related field, (economics, engineering, chemistry, etc.), Masters Preferred.

Core Competencies

  • Personal impact
  • Issue identification, problem solving and analysis
  • Building and maintaining relationships
  • Communication
  • Efficiency focused
  • Bachelor’s degree in a related field, (economics, engineering, chemistry)

Additional Information

WoodMackenzie is an equal opportunities employer.

We consider all qualified applicants for employment without regard to race, religion, color, national origin, citizenship, sex, gender identity and/or expression, sexual orientation, veteran’s status, age or disability.

https://www.woodmac.com/careers/jobs/

Unsolicited resumes sent to WoodMackenzie, including unsolicited resumes sent to a WoodMackenzie business mailing address, fax machine or email address, or directly to WoodMackenzie employees, will be considered WoodMackenzie property. WoodMackenzie will not pay a fee for any placement resulting from the receipt of unsolicited resume.

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