Insight
Options for refiners to stay ahead - Thrive not survive
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Report summary
Sushant Gupta, Director - Asia Pacific Oils and refining research, shared our views on challenges and opportunities for refiners at Wood Mackenzie's India Energy Forum 2018 in New Delhi on 28th August 2018. Options for refiners to stay ahead – Thrive not survive Next few years will not be business-as-usual for global refiners. Changes in regulation and policies, threat from peak oil demand, shift in product demand patterns and new demand growth centers, rising appetite for petrochemical feedstock and refining overcapacity in main refining centers will all drive refiners to rethink the way they have operated in the past. The presentation will broadly cover: • Peak oil demand – But India's oil demand expected to see strong growth • India's refining response - Scenarios for refinery capacity requirement • Effects of rising US crude exports • Refining and chemicals integration - a necessity or a choice?
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