Middle Distillates Analyst

£130000 - £170000 per annum
London
Supply & Trading
September 2, 2026
Permanent
Greater London
UK
About the Role
A leading energy trading business is hiring a Middle Distillates Analyst to support a high-performing distillates trading desk. This is a front-office-facing analytics role focused on building a differentiated view of global balances, flows, refining economics and price drivers... and translating that work into actionable trading insight.

What you’ll do
  • Build and maintain a global distillates supply & demand balance
  • Develop forecasting and scenario tools covering refinery runs/yields, flows, inventories, demand and margins
  • Analyse arb economics, freight, physical premiums and dislocations across key basins
  • Monitor news, macro, geopolitics and market microstructure, translating developments into desk-relevant conclusions
  • Track physical tenders/transactions and assess implications for near-term and forward structure
  • Deliver concise daily/weekly outputs (dashboards, notes, presentations) to traders and stakeholders
What we’re looking for
  • Distillates fundamentals experience
  • Strong understanding of physical markets and arbitrage (incl. freight/shipping economics)
  • Experience producing independent, forward-looking fundamentals views that inform decisions
  • Strong modelling and data capability: Python 
  • Clear communication style—able to turn complex analysis into trade-relevant insight