The implementation by the IMO of new tighter global bunker specifications is just around the corner in 2020 and will be one of the most disruptive changes to ever affect the refining and shipping industries. It will have a global impact in excess of $1 trillion over 5 years.
Platts Analytics (led by Rick Joswick) has just completed an extensive study on IMO 2020 to understand the impact on refining, the shipping industry and many other ripple effects across the entire value chain.
The study and complementary data go into details and insights on the following:
Join us for our Platts Webinar 'The Final Countdown to IMO 2020 – Is Your Company Ready' where we will be presenting the key highlights of our study.
Head of Global Analytics, S&P Global Platts
Chris joined S&P Global Platts as the Head of Global Analytics and member of the Executive Committee. He has over 25 years' experience in the oil industry starting his career engineering design and manufacturing with Exxon having gained degree in Chemical Engineering. In 1997 he joined Shell where he held a number of roles in Supply & Trading based both in Europe and Australia including heading up their Fuel Oil Trading Team. He spent five years in Strategy running Shell's Downstream Management Consultancy and as Senior Strategy Adviser for Cost Reduction and Joint Venture Excellence.
In his most recent role before joining S&P Global Platts, he was Chief Economist to Shell Trading and Head of Oil Markets Analysis, where he advised business on short-term dynamics effecting Global Oil Markets in order to develop Trading Strategies. He led a team which model the future crude, oil products and chemicals trends in order to provide fundamentals and pricing to support strategic planning, and capital investment decisions across the Group. His most recent work included developing a Future Mobility Strategy for the Group and articulating the fundamental which will influence the Energy Transition.
Managing Director, Oil Analytics, S&P Global Platts
Rick Joswick develops outlook for crude and product pricing, refinery margins, and inter-regional supply balances for Platts Analytics. He is the lead consultant for the Oil Producer Marketing Service (OPMS). Rick authors Platts Analytics PIRA's monthly European Oil Market Forecast. He led the development of a series of multi-client studies examining product markets: including Bottom of the Barrel: The Future for Residual Fuel Oil; Heart of the Barrel: The Future of Middle Distillate Fuels; Top of the Barrel: The Future for Gasoline, Naphtha, and LPG, and recently the IMO Bunker Spec Change report. Rick joined PIRA, now part of Platts Analytics, in 2004 after 20 years with ExxonMobil in supply logistics, planning, refining, and engineering. During his time at ExxonMobil, he had assignments developing near-term oil market forecasts, designing heavy oil upgrading processes and evaluating refining economics. Rick has M.S. and B.S. degrees from Rutgers University in chemical engineering.