Middle Distillates Analyst

Company: Pangea
Apply for the Middle Distillates Analyst
Location: London
Job Description:

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

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Posted: September 25th, 2026