Market Strategist – Ethane & Olefins

bp•Houston, TX

1d•Hybrid

About The Position

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. Adept at developing partnerships across trading and analytics, the market strategist develops networks that stretch cross-geography and cross-commodity. They leverage the full suite of skills and capabilities that reside within our strong multidisciplinary analytics team, connecting data, analysis and insight.

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.
Proficiency with Excel, PowerPoint
Compliance - Strong sense of integrity, professional conduct and control and compliance awareness.

Nice To Haves

Proficiency with python and/or Dataiku

Responsibilities

Challenge and influence risk deployment across the US NGL book.
Build strong trust and partnership with traders by delivering innovative and accurate fundamental insights.
Communicate complex insights and market observations with speed, impact and due regard to the inherent risks and uncertainties.
Construct various economic models to evaluate key factors that impact the petrochemical marketplace, both nationally and globally.
Maintain supply/demand and pricing models for ethane, ethylene, refinery-grade propylene (RGP), chemical-grade (CGP), polymer-grade propylene (PGP) and major petrochemicals derivatives.
Study, analyze and forecast 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.