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Spencer Welch

Vice President - Oil Markets & Downstream Consulting, IHS Markit

Mr. Spencer Welch leads the Oil-Markets Midstream and Downstream consulting for Europe, CIS and Africa region, based in the London office.

His current regional leadership role includes advising clients across a wide range of oil markets and downstream issues; offering techno-economic and strategic business advice on responding to structural changes in the industry; building new investment cases or assisting in the valuation of potential acquisition targets. He previously led global short-term oil market analysis. He has managed a number of large consulting project, include national strategy projects. He brings more than 25 years of downstream technical, operational and economic experience to his role at IHS Markit. Mr. Welch held posts with independent oil refiner, Petroplus at Coryton Refinery, UK, prior to joining IHS Markit in 2011. During 13 years with BP at a variety of locations, he held downstream roles, including refinery process engineering, production planning and operations management. During that time, he developed specialist knowledge in reforming, isomerization and hydro-processing, and he gained a broad knowledge of most other refinery processes and linear programming, he also has fuel storage project management experience. Mr. Welch holds a Bachelor of Engineering (B.Eng.) from Loughborough University, UK, and the Master of Science (M.Sc.) Engineering Management degree from Bristol University, UK.

  • Oil & Gas Upstream
  • Oil Markets, Midstream, and Downstream
  • Financial Trading

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