Refining Supply Economist

bp
Chicago - United States
S: Competitive

The Refining Supply Economist supports the Supply Coordinators and Asset Economists in EOR FVC Refining Supply. This role offers the successful candidate an excellent opportunity to learn about crude and product supply optimization including pricing, economic buying decisions, refinery optimization, and logistics. This role is suitable for an individual who wishes to establish a career in the Supply team.

Key accountabilities
Owns the Product and Crude Price Set tool (IPS). Initiates and ensures data integrity of all the out months and midterm prices used by Asset Economist in support of North America Fuels out month and midterm optimization and financialization activities.
Serves as the primary user of the IPS tool. Issues weekly price assumptions, updates tool and refreshes localization assumptions periodically and in as need basis.
Serves as primary back up to generate the CBM price set, assists in the analysis and development of the SPU price set assumptions, interfaces with analysts and traders in GOA, and develops an understanding of crude and products markets.
Coordinates the approval of the CBM price set across NA Fuels practitioners and leadership team
Prepares and issues daily and monthly pricing reports
Prepares and presents analysis in support of Supply and Refining Optimization KPI and Strategic Programs as well as crude buying efficiency for discussions with the supply coordinators and traders
Provides analytic support to the supply team on an ad-hoc basis: Responds quickly to requests for pricing data from Marketview from the supply team and others within the commercial area. Assists the supply team in making better informed decisions on routine buying/selling of crudes products and/or analyzing gains or losses from special scenarios (unexpected shutdowns, new contracting opportunities, etc).

Essential Education
Bachelor's Degree

Essential experience and job requirements
Minimum 3 years of Oil industry experience

Job summary