Market Strategist – Ethane & Olefins
bp, Houston, TX, United States
About the Role
The Ethane and Olefins market strategist is responsible for providing analysis of the North American ethane, olefins (ethylene, propylene) and olefins derivatives markets. Analysis and work conducted by this role will identify trading opportunities in the ethane, olefins and olefins derivatives markets and support trading decisions made by the NGL and Global Light ends trading bench. This position will also provide analytical support to the NGL business unit's marketing and origination teams to deepen understanding and vet fundamental analysis used to support the NGL business unit's growth strategies.
Key Responsibilities A successful candidate is able to challenge and influence risk deployment across the US NGL book. Building strong trust and partnership with traders by delivering innovative and accurate fundamental insights. Complex insights and market observations are able to be communicated with speed, impact and due regard to the inherent risks and uncertainties.
The role will include construction of various economic models to evaluate key factors that impact the petrochemical marketplace, both nationally and globally. This includes maintaining supply/demand and pricing models for ethane, ethylene, refinery-grade propylene (RGP), chemical-grade (CGP), polymer-grade propylene (PGP) and major petrochemicals derivatives.
This includes studying, analyzing and forecasting the important aspects of the ethane, ethylene, propylene and olefins derivatives trade, including cracking economics, manufacturing and freight costs, trade flows (i.e., imports and exports), trade routes, impact of regulatory changes, new technologies, storage, etc.
Essential Education, Experience and Requirements
Professional and/or academic analytical background with knowledge of petroleum commodity markets that includes:
Working knowledge of North American Petrochemical and NGL markets;
Understanding of ethylene cracking and global markets for ethylene, propylene and their respective derivatives;
Understanding of refining and petrochemical processes;
Understanding of commodities price theory, including fundamental drivers of petroleum supply, demand, trade flows, prices and the mutual interaction of each.
Commercial acumen - Ability to review and analyze large amounts of data with a high level of attention to detail and problem solving attitude. Adept at formulating short and mid-term supply/demand forecasts and drawing relevant commercial insights for the business.
Fundamental analysis – Strong analytical thinker able to organize large amounts of information in systematic ways. Intuitively understand crucial data/process/signals in fundamental analysis. Knowledge and application of economic principles and statistical analysis.
Communication – Excellent written and verbal communication skills, having the talent to communicate complex analysis and forecasts clearly and effectively to traders, marketers and management.
Technical – Proficiency with Excel, PowerPoint and preferably python and/or Dataiku.
Compliance - Strong sense of integrity, professional conduct and control and compliance awareness.
Why Join bp At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to encouraging an inclusive environment in which everyone is respected and treated fairly.
There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!
#J-18808-Ljbffr
Key Responsibilities A successful candidate is able to challenge and influence risk deployment across the US NGL book. Building strong trust and partnership with traders by delivering innovative and accurate fundamental insights. Complex insights and market observations are able to be communicated with speed, impact and due regard to the inherent risks and uncertainties.
The role will include construction of various economic models to evaluate key factors that impact the petrochemical marketplace, both nationally and globally. This includes maintaining supply/demand and pricing models for ethane, ethylene, refinery-grade propylene (RGP), chemical-grade (CGP), polymer-grade propylene (PGP) and major petrochemicals derivatives.
This includes studying, analyzing and forecasting the important aspects of the ethane, ethylene, propylene and olefins derivatives trade, including cracking economics, manufacturing and freight costs, trade flows (i.e., imports and exports), trade routes, impact of regulatory changes, new technologies, storage, etc.
Essential Education, Experience and Requirements
Professional and/or academic analytical background with knowledge of petroleum commodity markets that includes:
Working knowledge of North American Petrochemical and NGL markets;
Understanding of ethylene cracking and global markets for ethylene, propylene and their respective derivatives;
Understanding of refining and petrochemical processes;
Understanding of commodities price theory, including fundamental drivers of petroleum supply, demand, trade flows, prices and the mutual interaction of each.
Commercial acumen - Ability to review and analyze large amounts of data with a high level of attention to detail and problem solving attitude. Adept at formulating short and mid-term supply/demand forecasts and drawing relevant commercial insights for the business.
Fundamental analysis – Strong analytical thinker able to organize large amounts of information in systematic ways. Intuitively understand crucial data/process/signals in fundamental analysis. Knowledge and application of economic principles and statistical analysis.
Communication – Excellent written and verbal communication skills, having the talent to communicate complex analysis and forecasts clearly and effectively to traders, marketers and management.
Technical – Proficiency with Excel, PowerPoint and preferably python and/or Dataiku.
Compliance - Strong sense of integrity, professional conduct and control and compliance awareness.
Why Join bp At bp, we support our people to learn and grow in a diverse and challenging environment. We believe that our team is strengthened by diversity. We are committed to encouraging an inclusive environment in which everyone is respected and treated fairly.
There are many aspects of our employees’ lives that are meaningful, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, a generous paid parental leave policy, and excellent retirement benefits, among others!
#J-18808-Ljbffr