In our first episode of the year, we’re joined by Alan Gelder, Senior Vice President of Refining, Chemicals and Oil Markets at Wood Mackenzie.
Alan provides us with a summary of the key takeaways from the refining and petrochemical industries in 2025, and considers what 2026 may have in store for the downstream sector.
We discuss:
- Refining margins in 2025, which surprised to the upside.
- How the petrochemical sector fared in 2025.
- The impact of trade tariffs.
- How recent developments in Venezuela will impact the refining market.
- Alan’s advice for industry participants in the year ahead.
