Specialist, Market Research
At a Glance
- Category
- ⛽ Oil & Gas
- Level
- Mid-Level
- Type
- Contract
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Job Purpose
Monitor and analyse relevant sources of information (including but not limited to governmental databases, third-party information providers, reputable news agencies) to provide a continual up-to-date interpretation of market trends for relevant ADNOC products based on assigned coverage.
Review market supply/demand balances and analyse market conditions to provide price/trend forecasts and market outlooks and advise on pricing strategy covering ADNOC portfolio.
Job Specific
Marketing Research Initiatives
• Gather, monitor and analyze information related to global petroleum markets from a variety of sources to prepare regular reports including daily, weekly and monthly Crude & Condensate, Refined Products, Gas, Sulphur, Olefins & Aromatics covering actual market developments to advice Sales and Trading Units on price discovery and market trends.
• Maintain up-to-date market information on all ADNOC hydrocarbon products, oil industry trading practices, individual country and regional oil supply/demand balances and oil flows affecting ADNOC & the UAE position in the global energy market.
• Prepare presentations for high management, staff of Sales & Trading Units, other Business Line Directorates, and participate in regular and ad-hoc meetings with, refinery representatives and experts from external institutions & consultants.
• Provide short term/long term market outlooks and price forecasts for ADNOC 17 Hydrocarbons; used on a corporate level within ADNOC. Also, participate in quarterly meetings to highlight the market situation for global refineries and advice on ADNOC Refinery optimization and profitability.
• Prepare quarterly market outlook reports for Sales Units prior to term contract negotiation; in addition to carrying out spot sales or purchase assessments for ADNOC Hydrocarbon products.
• Present analysis in written and presentation form, and plan meetings to Senior Management and various Units inclusive of other Directorates within ADNOC; as well as Government Officials and other critical stakeholders to ADNOC group.
Supervision
- Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
- Provide orientation to assigned interns, trainees and new joiners to familiarize them with ADNOC’s operations and product portfolio.
COMMUNICATION & WORKING RELATIONSHIP
Internal:
- Regular work related contacts with VP, Department Manager and all staff and team members within the Function on matters related to the Marketing strategy and policies, operations, administration, people, HSE and integrity.
- Contacts with senior management of all Functions in DMT.
- Regular contacts with other Directorates (like Finance, Upstream, Downstream, Group IT, etc.).
- Regular contact with Management of ADNOC Group Companies.External:
- Contacts with third party service provider, suppliers, consultants and industry experts.
QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS
Minimum Qualification
- Bachelor’s degree in Economics / Business Administration / Finance or equivalent.Minimum Experience & Knowledge & Skills
- 8 years of sales and marketing experience within the Oil & Gas industry including intensive technical sales, customer relation management, account management, and business development work.
Professional Certifications
As applicable
Work Condition, Physical effort & Work Environment
Physical Effort
Minimal, involving sitting, walking, standing and computer operations.
Work Environment
Normal air-conditioned office environment.
Additional Details
Job Family / Sub Family: Commercial / Marketing
Requirements
- •Bachelor’s degree in Economics / Business Administration
- •Experience in monitoring governmental databases and third-party information providers
- •Ability to analyze market conditions and provide price/trend forecasts
- •Experience in preparing reports on Crude Condensate, Refined Products, Gas, Sulphur, and Olefins Aromatics
- •Ability to prepare presentations for high management and external stakeholders
- •Experience in spot sales or purchase assessments for hydrocarbon products
Responsibilities
- •Gather and analyze information related to global petroleum markets to advise Sales and Trading Units
- •Maintain up-to-date market information on ADNOC hydrocarbon products and oil industry trading practices
- •Provide short-term and long-term market outlooks and price forecasts for ADNOC hydrocarbons
- •Participate in quarterly meetings to highlight market situations for global refineries
- •Prepare quarterly market outlook reports for Sales Units prior to term contract negotiation
- •Supervise and coordinate all activities in the assigned area to meet functional objectives
- •Provide orientation to assigned interns, trainees, and new joiners
Related Jobs4 similar jobs
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ADNOC is a leading integrated energy and chemicals company based in the UAE. They are involved in exploration, production, refining, and distribution of oil and gas.