The oil emergency of earlier this year is over, but repercussions of COVID-19 continue to shape oil and gas markets. Oil demand increased at a record pace from April to August, but demand still remains well below pre-COVID levels. The recovery is fragile and will be buffeted by shifting expectations and news until COVID-19 is contained and effective vaccines are available. IHS Markit keeps clients ahead of the curve by understanding what is happening today and how it could evolve in the months and years ahead. Trillions of dollars of investment and spending are at stake.
Will demand reach and exceed pre-COVID levels?
How is investment impacted by the uncertainties unleashed by the global pandemic?
Are demand patterns and trends definitively altered by changes in behavior and policy?
To manage this difficult time of oil market uncertainty and analyze the implications for your business, IHS Markit has identified solutions critical for different sectors. Find out how we can help you.
The Pulitzer-Prize winning author of "The Prize," and "The Quest," Dr. Yergin is vice chairman of IHS Markit and founded IHS CERA (now part of IHS Markit). He is an authority on energy, international politics and economics. His awards include Lifetime Achievement from the Prime Minister of India and the United States Energy Award for lifelong achievements in energy and the promotion of international understanding. He holds a Bachelor of Arts from Yale University and a Ph.D. from Cambridge University, where he was a Marshall Scholar.
Dr. Arya is Senior Vice President and Chief Energy Strategist at IHS Markit. He is responsible for integrating energy content, analysis and insights across the entire energy value chain and for c-suite client engagements. His areas of expertise include business strategy, commercial analysis, oil markets, energy technologies, climate change and renewables. He has previously led Energy Insight, Research and Analysis and Energy Research teams at IHS Markit. Dr. Arya previously worked for BP for over 20 years in a number of operational, business, technical and strategic positions around the world. His career includes international leadership experience in a diverse array of energy fields spanning strategy development, business planning, field operations and technology commercialization. His experience includes leadership in solar energy development as well as oil and gas. Dr. Arya has previously served on boards of several companies and institutions and is member of the World Economic Forum's Global Future Council on Advanced Energy Technologies and is 25+ year member of the Society of Petroleum Engineers. He is a sought-after speaker and moderator at public conferences, company boards and industry events and a member of the CERAWeek leadership team.He holds B.S., M.S. and Ph. D. degrees in engineering.
Mr. Burkhard is vice president and head of crude oil market and
energy and mobility research. He is responsible for the development
and coordination of IHS Markit insights and messages for global and
regional oil markets and scenarios. His expertise covers
geopolitics, industry dynamics, and global oil demand and supply
trends. He has more than 20 years of experience in energy markets.
He also leads research into how changes in the automotive ecosystem
are impacting the future of the energy and automotive industries.
He led the ground-breaking IHS Markit study, Reinventing the Wheel
(RTW): The future of cars, oil, chemicals, and electric power. RTW
has been cited by numerous press outlets around the world including
the Wall Street Journal, the Financial Times, CNBC, Bloomberg, and
media outlets in China, Europe, and India.Mr. Burkhard has led the development of each generation of IHS
Markit scenarios that bring together the entirety of IHS Markit
energy research to form an integrated global outlook for the future
of energy. The 2006 scenarios pointed to a major debt-induced
global crisis two years before the 2008 recession; and in 2011,
identified the roadmap to $50 oil by 2014/15. Also, in early 2020,
his team was the first to identify the scale of production cuts
that would materialize in the US and OPEC+ members in the second
quarter of the year.Mr. Burkhard has testified before the US Congress on energy
issues and is frequently sought for comment by global media. He has
participated in several US National Petroleum Council (NPC) studies
that provide policy recommendations to the US Secretary of Energy
on oil and gas issues. Prior to joining Cambridge Energy Research
Associates before its acquisition by IHS Markit, Mr. Burkhard was a
member of the US Peace Corps in Niger, West Africa, where he
directed infrastructure projects to improve water availability and
credit facilities. He holds a BA from Hamline University and an MS
from the School of Foreign Service at Georgetown University.
The team Mr. Evans leads is responsible for the global and
regional short-term refined product supply, demand, price and
margin outlooks, detailed downstream market research and also
contributes to the long-term supply, demand price and margin
forecasts. Mr. Evans team also delivers global lubricants, retail
and biofuels research. He has been involved in work on the future
of energy and mobility and lead studies focused on the future of
trucking, aviation and shipping.Prior to joining IHS Markit, Mr. Evans worked for Statoil in
corporate strategy where he was responsible for analyzing global
business opportunities and framing the strategic investment context
for senior management.Mr. Evans holds a Masters degree in Civil Engineering and
Construction Management from Leeds University, and studied jointly
at the University of California, Berkeley.
Mr. Barrow is head of research for crude oil markets, NGLs,
refining, and petrochemical feedstocks and has responsibility for
joint mobility research with IHS Markit automotive. He leads
research activitiies for oil demand forecasting, scenario planning,
refining economics, and price forecasting. He supports executives
and corporate boards with views on energy transition,
refining/petrochemical integration, and market developments in the
crude oil and refining sectors. Mr. Barrow began his career as a
refining engineer at Exxon and holds a Bachelor of Science in
mechanical engineering from Kansas State University and an MBA from
the University of Houston.
Dr. Quijada is vice president for Latin American business
development and research and analysis on the Oil Markets,
Midstream, Downstream, and Chemical team at IHS Markit. She has
devoted her career to the petrochemical industry for more than 30
years, specializing in Latin American markets. Prior to her current
role, she was founder and CEO of IntelliChem, Inc. (now part of IHS
Markit), focusing on market intelligence and research and training
related to the petrochemical industry, specifically in Latin
America. Previously, Dr. Quijada was a partner at CMAI (now IHS
Markit), where she developed marketing strategies and client
development efforts throughout Latin America and created the global
chlor-alkali consulting business. Dr. Quijada began her career at
PDVSA subsidiary Pequiven, where she held managerial positions at
the production, commercial, and corporate planning level. Dr.
Quijada earned a Bachelor of Science in organic chemistry from
Bryan College, Tennessee, United States. She holds a Master of
International Management from Thunderbird School of Global
Management, Glendale, Arizona, United States, and attended the
Oxford University master's management program. Dr. Quijada holds an
economics doctorate from Universidad Santa Maria, Venezuela.