Thursday, 6 November 2014, 6 p.m., Edinburgh
The Challenge to European Refining Posed by the Rise of US Unconventionals
Alan Gelder, Global head of Downstream, Wood Mackenzie
This event occurred on: Thursday, 06 November 2014, 6 p.m.
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Alan will provide an outlook for global oil demand growth, highlighting the different perspectives between OECD and non-OECD. The strong growth in non-OPEC crude oil supplies outpace demand growth, so fundamentals support a declining oil price outlook. These non-OPEC supplies are primarily in the US, which is transforming its oil product trade pattern. The combination of crude oil monetisation projects in the Middle East, changing fiscal regime in Russia and surplus refining capacity in Asia challenges European refining. The sites at most risk of rationalisation will be explored
Alan is Head of Wood Mackenzie’s Downstream, Midstream and Chemicals Research team and so responsible for formulating Wood Mackenzie’s research outlook and perspectives on this global sector. Alan Gelder joined Wood Mackenzie’s Downstream Consulting team in 2005 and became global head in 2009. Alan has led consulting assignments all over the world, focusing on major transactions (projects and M&A) and their alignment with key success factors for industry players and third parties. Alan is currently based in Wood Mackenzie’s London office. He transitioned into research upon his return from Houston in 2011. Prior to joining Wood Mackenzie, Alan had 10 years of industry consulting after working for ExxonMobil in a variety of project planning and technical process design roles. Alan has a first class Master Degree in Chemical Engineering from Imperial College, London, supplemented by an MBA from Henley Management College.