Principal Research Analyst Refining

Job Description

Senior Refining Analyst, Oil Markets and Downstream About Us IHS Markit Oil Markets, Midstream, Downstream and Chemicals group provide data, strategic research and analysis across the oil, midstream, downstream and chemical markets so our clients can make critical decisions with confidence. Energy, chemical players and financial institutions rely on us to better understand market, company and economic behaviour to adjust their business strategy. Our data and research ranges from near/long term outlooks, competitive benchmark, market analysis and technology assessments. Within the Refining and Marketing division, we provide insight on the industry and market fundamentals of refining crude oil and marketing refined products - including supply/demand balances, trade, prices, capacities and infrastructure. We forecast product balances and benchmark refining margins, details for national markets around the world as well as guidance on what is an anomaly, and what is a fundamental market shift. The Europe downstream research team consists of a group of analysts covering Europe, CIS, Africa, and the Middle East, based in London and Paris, but working with global teams across IHS Markit. Your Role You will be a key member of the IHS Markit Refining and Marketing - European Downstream team. Reporting into the manager of the European downstream research team, you will undertake key responsibilities such as: You work with our regional teams to support the long-term forecasting of refined products demand, refinery operations, crude/product prices and refinery margins. Key themes such as energy transition, refinery rationalisation and decarbonisation are embedded in these forecasts You act as a refining subject matter expert, periodically reviewing and continuously improving the modelling of 85 European refineries reflected in our Refinery Cost and Margin Analytics suite You maintain and improve refining-related data and information, and proactively search for new data and information sources, especially as the refining space is broadening its horizon into the renewable space. You interpret technical information and share your insights and understanding with internal and external stakeholders, both through reports and in-person communication. You contribute to our research offering through thought leadership on oil refining and wider downstream topics You support subscription and consulting activities by producing deadline-driven, quick-turnaround analysis and research on the refining markets in EMEA, and on the companies operating within them. These assignments span across the entire downstream value chain, and increasingly interface with petrochemicals and renewables. You develop independent analysis in support of the project, contribute to market fundamentals and high-level financial modelling, and support delivery of high-quality client-specific projects About You The key qualifications and skills you have are: You have at least 5 years of downstream oil industry experience, ideally in an oil refinery, oil research consultancy or EPC firm You possess a Bachelors degree; an engineering background preferred but not a must. Masters degree or above is a plus Through your education and/or experience, you have developed a solid understanding of refinery operations and profitability drivers, refinery-petrochemical integration and what it takes to decarbonise a refinery and its products, both from a technical and a financial perspective You are familiar with linear programming and are able to use LP tools such as Aspen PIMS. Model building capability is a plus but not essential You demonstrate strong numerical and quantitative analysis skills, precision and attention to detail You possess an excellent level of English, both written and verbal presentation skills. Proficiency in other languages is a plus Excellent Excel skills and proficiency with other MS applications required (Word and PowerPoint) You have a general understanding of financial modelling and the key metrics including rate of return, net present value, working capital and cost of capital, and are able to apply these to investment decisions in the downstream oil space You can work to deadlines and prioritize a complex workload Given the uncertain COVID-19 situation, it is highly likely that you will be fully or partly remote to start with, so you will need to be autonomous and self-motivating during the virtual onboarding process What we offer A permanent contract Base salary plus cash incentive plan and equity award Health insurance and company pension plan Other benefits depend on location Opportunity to develop skills and knowledge in a truly global working environment, and contribute to projects on a broad range of topics as the oil industry needs to reinvent itself in the next decade Growth opportunities, both vertically into leadership roles, and horizontally, as IHS Markit brings together the deepest intelligence across the widest set of capital-intensive industries and markets Client exposure as we serve the worlds largest national and international oil companies, traders and other key stakeholders in the energy industry Inclusion and diversity are critical to the success of IHS Markit, and we actively encourage applications from people of all backgrounds. We are committed to providing equal employment opportunity without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, status as a protected veteran, or any other protected category. For more information on the many ways in which we enthusiastically support inclusion and diversity efforts for both candidates and employees, please access our Inclusion & Diversity Statement here . We are proud to provide reasonable accommodations to applicants with disabilities. If you are interested in applying for employment with IHS Markit and need special assistance or an accommodation to use our website or to apply for a position, please contact or call +. Determination on requests for reasonable accommodation are considered on a case-by-case basis. This contact information (email and phone) is intended for application assistance and accommodation requests only. We are unable to accept resumes or provide information about application status through the phone number or email address above. Resumes are only accepted through the online application process, and only qualified candidates will receive consideration and follow-up. IHS Markit maintains a substance-free workplace; employees may be asked to submit to a drug test (where permitted by law). In addition, as a federal contractor in the United States, the company participates in the E-Verify Program to confirm eligibility to work. For information please click on the following links: IHS Markit Business Code of Conduct Right to Work EEO is the Law EEO is the Law Supplement Pay Transparency Current Colleagues If you are currently employed by IHS Markit,