Kurt Barrow, Vice President, Oil Markets, Midstream, and Downstream, IHS Energy, leads the oil markets, midstream, and downstream services, including consulting and research. He also provides technical, commercial, and strategic advice to a diversity of clients in the midstream and downstream petroleum and biofuels space. Formerly a Vice President with Purvin & Gertz (acquired by IHS in 2011), Mr. Barrow leads a consulting team that specializes in mergers and acquisitions, crude oil and refined products market analysis, strategic analysis, and technical assessments. Prior to consulting, Mr. Barrow began his career at the Exxon Baytown Refinery in various engineering and planning roles. He also worked in Singapore for Purvin & Gertz for six years. Mr. Barrow was the lead author for the Purvin & Gertz Pricing and Margins module of the Global Petroleum Market Outlook service and the Director of the Residual Fuel Market Outlook study.
Global oil demand, driven by China and India, has grown strongly in recent years. Global economic slowdown and trade disputes, however, are creating uncertainty about future growth prospects for the refining industry. There is concern that increasingly stringent policies aimed at decarbonization and local air quality will affect the downstream oil business. Further technological advancements and disruptions in mobility are creating concerns that a peak in oil demand may lead to stranded assets. What strategies should refineries adopt to manage uncertain business environment? What is the future viability of integrated facilities? What are the opportunities and risks in India for investment in integrated facilities?