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Spencer Welch
Vice President - Oil Markets & Downstream Consulting
Mr. Spencer Welch leads the Oil-Markets Midstream and Downstream consulting for Europe, CIS and Africa region, based in the London office.
Media
Contributor
Forecasting
Expert
Background

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.

Industry expertise
Oil Markets, Midstream, and Downstream
Areas of interest
Mobility
Transport Energy Demand
Crude Oil Quality Banks
Downstream Benchmarking
Downstream Policy
Downstream Strategy
Energy Geopolitics
Floating Storage
Gasoline and Diesel Markets
IMO 2020
LPG Retail
LPG Trade
Marine Bunker Markets
Naphtha
National Oil Company Strategy
Oil Markets Supply, Demand and Pricing
Oil Prices
Oil Terminals, Storage and Pipelines
Olefins Feedstocks
Crude Oil & Refined Products Markets
Refined Product Marketing
Refined Product Supply, Demand and Pricing
Refined Product Terminals, Storage and Pipelines
Refinery Competition
Refinery Crude Oil Supply Planning
Refinery Models/PIMS
Refinery Operation
Refinery Optimization
Refinery Processes
Refinery Yields
Refining and Petrochemicals Integration
Refining Company Strategies and Performance
Refining Economics
Refining Economics and Valuation
Refining Margins
Residential and Commercial Fuel Demand
Scenario Planning
OPEC (Organization of the Petroleum Exporting Countries)
Regional focus
Europe & CIS, Sub-Saharan Africa
Languages
English
US$1000
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