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Advisor, Oil & Refining

Advisor, Oil & Refining

  • Location United Kingdom - London
  • Travel required Up to 10% travel should be expected with this role
  • Job category Finance Group
  • Relocation available This role is not eligible for relocation
  • Job type Professionals
  • Job code RQ075666
  • Experience level Senior
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Job summary


Strategy, Sustainability & Ventures

Job Family Group:

Finance Group

Job Description:

bp's Economic and Energy Insights team is seeking a qualified senior analyst to support our petroleum markets analysis.  The successful candidate will have extensive background in the oil industry with a keen desire to understand how the upstream and downstream will adapt to decarbonization pressures and opportunities in the coming decades.  The four main areas of work for the team include quarterly short-term oil market updates, development and maintenance of models that provide insight and analysis for the long term bp Energy Outlook, provision of strategically relevant insights to the broader Strategy, Sustainability and Ventures team as well as relevant collaborators in other groups, and price guidance for oil and refined products for investment assurance and appraisal.

Key Accountabilities:

Analysis of the global oil market over the short, medium, and long term within Economics and Energy Insights Team for various executive, other internal, and external partners.  Prepare and maintain analysis of oil supply and demand over the medium and long term for internal usage across relevant business lines, for investment appraisal, refining and upstream strategy, and for external purposes in bp’s Energy Outlook. Provide quantitative and qualitative insights using scenario analysis that leverages in house expertise, external information services, and modelling capabilities. Long term refined product supply modelling and contribution to the bp fuels investment price set. Utilize analytical tools to improve existing processes and elicit new insights and refinery and upstream modelling to guide forecasts.

Essential Education:

  • Graduate degree in Engineering, Business, Mathematics, Economics or related subjects

  • Proven experience in energy analysis or the energy sector

Experience and Job Requirements:

  • The role requires a dynamic individual to produce rigorous and commercial fundamental analysis to support BP’s macro analysis and its strategy work.

  • International experience in research and consulting in the energy sector, with significant expertise in monitoring, analyzing and forecasting world energy and oil developments.

  • Deep experience with oil industry consulting and data services including but not limited to IEA, Rystad, Woodmackenzie, SPGlobal and high frequency data providers.

  • Strong background in quantitative skills (statistics/regression modelling, mathematics, advanced computing, machine learning) and has preferably applied those skills to upstream and downstream forecasting.

  • Expert proficiency in Microsoft Excel and strong proficiency with PowerBI

  • Ability to concisely and clearly communicate key themes and messages to senior leaders

Desirable Criteria:

  • PhD or graduate level coursework in Economics including experience with time series modelling and forecasting.

  • Knowledge of upstream crude production processes and developments.

  • Experience using software packages for forecasting and data science including Python and associated packages, E-Views, and R.

  • Prior experience in refining/downstream sector in an economics or strategy type of role with understanding of refinery processes, configuration, constraints, and environmental compliance.

Why join us?

At bp, we provide an excellent working environment and employee benefits such as an open and inclusive culture, a great work-life balance, tremendous learning and development opportunities to craft your career path, life and health insurance, medical care package and many others.

We support our people to learn and grow in a diverse and exciting environment. We believe that our team is strengthened by diversity. We are committed to crafting an inclusive environment in which everyone is respected and treated fairly.

There are many aspects of our employees’ lives that are significant, so we offer benefits to enable your work to fit with your life. These benefits can include flexible working options, collaboration spaces in a modern office environment, and others benefits.

Reinvent your career as you help our business meet the challenges of the future. Apply now!

Travel Requirement

Up to 10% travel should be expected with this role

Relocation Assistance:

This role is not eligible for relocation

Remote Type:

This position is a hybrid of office/remote working


Analysis and modelling, Commercial acumen (Inactive), Communication, Data Analysis, Decision Making, Econometrics, Economic modelling, Economics, Financial Analysis, Financial Modelling, Group Problem Solving, Macroeconomics, Market Analysis, Organizational knowledge, Presenting, Stakeholder Management, Statistics

Legal Disclaimer:

We are an equal opportunity employer and value diversity at our company.  We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, socioeconomic status, neurodiversity/neurocognitive functioning, veteran status or disability status. Individuals with disabilities may request a reasonable accommodation related to bp’s recruiting process (e.g., accessing the job application, completing required assessments, participating in telephone screenings or interviews, etc.).  If you would like to request an accommodation related to the recruitment process, please contact us to request accommodations.

If you are selected for a position and depending upon your role, your employment may be contingent upon adherence to local policy.  This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

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