HC Insider Podcast on Spotify - Liquid, Fuels & Chemicals industry
Category: Podcast

The Oil Market: OPEC+, Tariffs and Recession with Matt Smith

Today we return to the oil market, a market that is in flux, both from a traditional supply and demand picture, but that is now also embroiled in geopolitics, an uncertain global trade environment and a potential recession. 

Is oil going lower for longer? And what about volatility? The last month or so has seen a dramatic return of volatility and associated results for traders, positive and negative. Is that set to continue? 

Speaking to our host Paul Chapman on this episode is Matt Smith, the Lead Energy Analyst for the United States at Kepler, a leading data and analytics company.

Matt Smith, Lead Energy Analyst at Kpler
Matt Smith, Lead Energy Analyst at Kpler

Key Talent Takeaways 

Growing Need for Market Analysts with Liquid Fuels Expertise

The volatility in global oil markets, driven by geopolitical tensions, supply shifts, and economic uncertainty, has increased demand for analysts specialising in liquid fuels. Companies require talent capable of interpreting complex market data, forecasting price movements, and assessing supply-demand balances for crude oil and refined products.

Technical Skills in Production and Refining 

Significant production growth in regions like Guyana, Brazil, and the US shale sector highlights the demand for technical experts skilled in liquid fuels production. This includes reservoir engineers, production engineers, and process engineers who can optimise upstream production and downstream refining processes.

Strategic Leadership in Navigating OPEC and Global Supply Dynamics

As OPEC navigates internal divisions and adjusts production, companies in the liquid fuels market need experienced strategists and executives who can manage supply risks, negotiate supply agreements, and align trading strategies with shifting global production policies.

Compliance and Regulatory Expertise 

The complex regulatory landscape for liquid fuels, including sanctions on countries like Iran and Venezuela, demands compliance specialists with a deep understanding of trade regulations, sanctions compliance, and cross-border shipping requirements specific to crude oil and refined fuels.

Advanced Commercial Skills in Trading and Risk Management

The shift towards refined products trading, especially from major refining regions like the Middle East, has intensified demand for commercial professionals. Skills in trading, supply chain optimisation, and sophisticated risk management are critical to maintaining profitability in this highly dynamic market.

HC Group is a global search firm dedicated to the energy and commodities markets. 

Learn more about our Liquid Fuels and Chemicals Talent Practice

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