Ravi Narayanaswamy, Senior Director, IHS Energy, has over 23 years of international oil industry experience. Based in Singapore, he heads the downstream energy research and analysis team covering Asia Pacific and the Middle East at IHS. Mr. Narayanaswamy’s extensive experience includes working with senior executives on trends in the oil markets and other strategic/commercial issues, particularly in those two regions. Prior to joining Purvin & Gertz in 2005 he was with ExxonMobil for over 11 years in a number of strategic, commercial, and technical positions. Previously Mr. Narayanaswamy worked for HPCL Mumbai. He holds a Bachelor of Engineering degree from Bangalore University and an MBA from the University of Southern Illinois.
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?