Crude Trade Strategist

3 months ago

London, United Kingdom Phillips 66 Full time

. Phillips 66 & YOU - Together we can fuel the future

Basic Function

The Crude Strategist provides market fundamentals, short/medium term supply/demand analysis, and trader support for the Crude supply and trading function globally. In addition, this position will support ad hoc requests from Commercial Senior Management, Commercial groups, Chief Economist, Investor Relations, and Downstream.

Primary Accountabilities/Responsibilities

Understanding key trading positions of Crude trading, globally, at all times and coordinates analytical team’s work to suggest/evaluate required analysis to ensure all aspects of a position are understood.

Development and maintenance of supply and demand models. This will involve working closely with trading to understand the market and trends, incorporate downtime, seasonal cycles, macroeconomic variables and utilize import/export data to ensure the models are accurate and accepted by trading. Identify market anomalies and communicate to trading on what physical market and forward market changes might occur.

Providing market analytical support for Commercial by using supply and demand modeling, arbitrage modeling and macro-economic data to develop a medium term (6-12 months) view of the market.

Drawing on fundamental and technical data as appropriate to develop forward global market view predictive models.

Working with third party consultants and brokers to understand and evaluate views on oil movements and factor those into development of P66 market view.

Communicating external study results and market views to assist traders with successful implementation of trading tactics.

Understanding and communicating geopolitical and regulatory events/factors which impact price movements.

Leading information gathering process and development of presentation packages as needed.

Sharing knowledge freely and improve peer group understanding of own niche markets. Serve as a mentor to junior market analysts. Drive improvement of existing forecast models.

Leading ad-hoc projects and analysis around market fundamentals (including infrastructure changes) to support trade ideas.

Organizing the analyst presentation materials for the periodic global trader meetings held throughout the year.

Critical Skills/Leadership Criteria

**Basic/Required**:
Hold the legal right to live and work in the UK on a permanent basis without restrictions or meet the relevant criteria for employer sponsorship.

Bachelor’s degree in a relevant discipline desirable

Relevant experience in commercial/trading or related experience in the energy industry

Strong communication skills, both verbal and written to ensure clarity and common understanding

Strong analytical, problem solving, and organizational skills

Strong ability to manage multiple projects simultaneously

Capable of gaining consensus and trust across multiple functional areas within and external to Commercial to build a common vision and direction

Proficient in Microsoft Excel, Word, and PowerPoint

Ability to adapt to quickly evolving requirements

Ability to synthesize data into useful information, and articulate it in an easy-to-understand format

Proactive in problem identification and resolution, provide creative solutions to complex issues

High degree of ethics, personal drive and dedication to achieve team goals and general interest objectives

**Preferred**:
Bachelor’s degree in engineering, finance, or economics

Ability to code in Visual Basic, Python and/or R

Proficient in SQL, Tableau, and Power BI

Experience in Machine Learning

Knowledge of Commercial trading businesses

An understanding of broader commodity markets (Crude, Gasoline, Distillates, NGLs) strongly preferred.

Knowledge of global commodity trading

Refining/petrochemical knowledge

High degree of collaborative skills. Ability to develop, lead and actively participate on cross functional teams.

Strong willingness and ability to support internal customers in business requirements.

High degree of initiative, works proactively to anticipate needs.

Excellent written, oral communication, inter-personal and presentation skills

High degree of collaborative skills; ability to develop, lead and actively participate on teams

Ability to manage conflict, influence others and persuade/facilitate resolution

Proficiency with statistical modeling software, Access or other database software, and economic model development

Phillips 66 has significant marketing operations in Europe. In the UK the business is primarily wholesale, selling fuels to distributors (some of whom are branded JET) and resellers. The fuels are either collected by customers or delivered through a contracted road tanker fleet operating out of a number of UK distribution points. In addition, Phillips 66 Limited supplies a network of approximately 330 independently owned petrol forecourts, all of which are branded JET.

Other markets served are aviation, marine and LPG. JET supplies some of the UK's

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