OPEC Recruiting Oil Price Analyst for Nigeria

OPEC  Recruiting Oil Price Analyst for Nigeria

OPEC  Recruiting Oil Price Analyst for Nigeria – Organization of the Petroleum Exporting Countries (OPEC) is Recruiting Oil Price Analyst for Nigeria. Once you have decided to make a career with OPEC you would like to know about: OPEC recruitment in Nigeria 2017, 2018 & 2019, OPEC office in Nigeria, Criteria for OPEC recruitment globally, OPEC graduate recruitment 2017, 2018 & 2019, OPEC jobs salaries, Sample Interview questions,  OPEC recruitment application form 2017 & 2018, OPEC recruitment requirements, and Organization of the Petroleum Exporting Countries recruitment portal 2017 & 2018.
This post will address all of this for you. If you are therefore interested in OPEC job in Nigeria, take your time to read through and apply adhering strictly to the instructions.
As a matter of fact, Organization of the Petroleum Exporting Countries (OPEC) activities globally centres on:
  • Coordinating and unifying the petroleum policies of its Member Countries
  •  Ensuring the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers,
  • Ensuring  a steady income to producers and a fair return on capital for those investing in the petroleum industry.

OPEC  Recruiting Oil Price Analyst for Nigeria

OPEC is  recruiting to fill the position below:
Job Title: Oil Price Analyst
Job Code: 4.3.02
Location: Nigeria

Job Summary

Within the Research Division, the Petroleum Studies Department provides:
  • Pertinent and reliable information and analyses in support of decision-making and policy-making in Member Countries.
  • Carries out research programs and studies on short-term petroleum market developments with the aim of issuing reports on a regular, as well as ad-hoc basis, highlighting important issues for their use and consideration. 
  • Conducts regular forecasts, elaborates and analyses oil market scenarios and prepares and publishes reports on these findings.
  • Promotes OPEC’s views and technical analysis on short-term oil market developments to the industry at large and the general public via the OPEC Monthly Oil Market Report, as well as other reports, presentations and related pod casts. 
  • Prepares and contributes to reports to be submitted to the Economic Commission Board, the Board of Governors, etc., as well as papers for various OPEC publications.

OPEC  Recruiting Oil Price Analyst for Nigeria

Objective of Position:

This is :
  • To study and analyse determinants of oil prices and price differentials between grades of crude oil as well as different market crude spreads with potential arbitrage flows and to analyse factors affecting petroleum future markets and their interaction with spot prices; 
  • To forecast short- and medium oil price movements and – on the basis of forecasts of oil demand and supply as well as current stock movements 
  • To undertake market assessments under different scenarios and report thereon.

Get more information

Core Responsibilities

Among others, the ideal candidate:
  • Consolidates analytical findings and prepares, coordinates and contributes to reports for submission to the Governing Bodies (primarily Economic Commission Board) and for issuance in the Daily, Weekly and Monthly Reports as well as for presentations in various forums.
  • Carries out the Market Assessment for submission to the Governing Bodies (Board of Governors, Economic Commission Board, etc.).
  • Analyses the price performance of different grades of crudes in the international oil market and identifies significant changes in price differentials.
  • Studies and analyses crude oil pricing policies of oil exporting countries.
  • Studies and analyses price developments in future markets, identifies prices levels and differentials in relation to spot markets.
  • Follows up on the performance of the OPEC Reference Basket in relation to major benchmarks.
  • Carries out further in-depth analyses and applies quantitative methods on oil market price movements.
  • Analyses key factors which have an impact on oil prices, primarily in major consuming countries.

OPEC  Recruiting Oil Price Analyst for Nigeria

Required Competencies and Qualifications:


  • University degree in Economics, Petroleum Economics, Marketing, Engineering or related fields;
  • Advanced degree preferred

Work Experience:

  • Not less than 8 years in the oil industry sector
  • Not less than 6 years in case of advanced degree


  • Physical and future markets
  • Supply/demand fundamentals
  • Economics in the petroleum industry
  • Trading tools
  • Oil market and its fundamentals, in particular combination of all key factors influencing the oil market/prices

OPEC  Recruiting Oil Price Analyst for Nigeria


  • Communication skills
  • Analytical skills
  • Presentation skills
  • Interpersonal skills
  • 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.
OPEC  Recruiting Oil Price Analyst for Nigeria

OPEC  Recruiting Oil Price Analyst for Nigeria

Application Closing Date

28th February, 2018.
How to Apply:
Interested and qualified candidates are requested to fill in a résumé and an application form from Nigeria’s Country’s Governor (PDF for OPEC.
Federal Republic of Nigeria
Dr. Omar Farouk Ibrahim, MCIPR,
Group General Manager, International Energy Relations (GGM IER),
Governor for OPEC,
Nigerian National Petroleum Corporation – NNPC,
Block D 10th Floor, Room 04, NNPC Towers
Abuja, Nigeria.
In order for applications to be considered, the application form and resume must reach the OPEC Secretariat through the relevant Governor not later than the closing date stated above.

OPEC  Recruiting Oil Price Analyst for Nigeria

 For More Information visit: www.opec.org/opec_web/en/employment/4561.
Note: Applicants must be nationals of Member Countries of OPEC and should not be older than 58 years.

OPEC  Recruiting Oil Price Analyst for Nigeria

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