The prime objectives of the Petroleum Studies Department are:
To provide pertinent and reliable information and analyses in support of decision-making and policy-making in Member Countries.
To carry out, on a continuous basis, research programmes and studies on short-term petroleum market developments with the aim of issuing reports on a regular (i.e. daily, weekly, monthly and bi-monthly) as well as ad hoc basis highlighting important issues for their use and consideration.
To conduct regular forecasts, elaborate and analyze oil market scenarios and prepare and publish reports on these findings.
To promote OPEC views and technical analysis on short-term oil market developments to the industry at large and general public via the OPEC Monthly Oil Market Report (especially the feature article) as well as other reports, presentations and related pod casts.
To prepare and contribute to reports to be submitted to the ECB, the BOG and the MMSC as well as papers for various OPEC publications.
Objective of Position
To develop the Departmentís quantitative approach for estimating and forecasting short-term oil market developments and supervise and coordinate the application.
Applies analytical and quantitative techniques and models on issues relating to oil market fundamentals and other data and information and reports thereon to the Governing Bodies.
Coordinates and supports the Departmentís work in the development and application of quantitative analyses and forecasts for short-term oil market and related developments; in particular responsible for initiating, updating and modifying modelling techniques; to this end reviews literature for new techniques.
Studies, coordinates, and advises on and carries out the development of short-term oil market models in the Department, including annual updating of relevant manuals and guidelines and identifying data requirements.
Studies and examines the development of other relevant forecasting tools, methods and models, including through networking with external expertise in this field.
Carries out any other tasks assigned by the relevant superiors as pertain to his/her background, qualifications and position.
Required Competencies and Qualifications
University Degree in Energy Economics, Econometrics or Operations Research.
Advanced Degree preferred.
University Degree: 8 years in the oil industry sector.
Advanced Degree: 6 years.
Analytical work in energy economics and modelling.
Computer application in econometrics and operations research.
Knowledge of quantitative econometrics and time series such as VAR, VECM also Dynamic modelling, Panel data, GMM and energy modelling.
Customer service orientation
Initiative and integrity
Status and Benefits
Members of the Secretariat are international employees whose responsibilities are not national but exclusively international. In carrying out their functions they have to demonstrate the personal qualities expected of international employees such as integrity, independence and impartiality.
The post is at grade E reporting to the Head of Petroleum Studies Department. The compensation package, including expatriate benefits, is commensurate with the level of the post.