• CERAWEEK
  • March 10 - 14, 2025

Sandeep Sayal

S&P Global

Vice President, Oil Markets and Downstream

Sandeep Sayal is Vice President of S&P Global Commodity Insights, Oil Markets and Refining Research and Consulting. Mr. Sayal joined S&P Global with the acquisition of Purvin & Gertz in November 2011. He leads the S&P Global Refining and Marketing service and provides consulting support for performing crude oil and refining products analysis, strategic business analysis, acquisition/project development, and supply and trading support to the midstream and downstream industries. Before joining Purvin & Gertz, Mr. Sayal held technical, process engineering, economics and planning, business development, supply optimization, and trading positions with major downstream oil and gas companies. He holds a BS in Chemical Engineering from the Institute of Chemical Technology in Mumbai, an MS in Chemical Engineering from Louisiana Tech University, and an MBA from Cornell University. He is based in Houston, Texas.

Sessions With Sandeep Sayal

Tuesday, 10 March

  • 11:30am - 12:30pm (CST) / -

    IMO: From sulfur limits to carbon limits

    Downstream, Midstream & Chemicals

    Accommodating the recent International Maritime Organization (IMO)-mandated changes to sulfur regulations has tested the ability of both the shipping and refining industries to remodel operations on a very tight deadline, with knock-on effects impacting supply/demand balances worldwide. Just over two months into the low-sulfur bunker era, and only ten days after the carriage ban, the maritime and fuel supply industries are adjusting to this new reality. How has the transition gone so far, and what is expected this year and next? What are the key lessons from the IMO sulfur specification changes—for both refining and shipping? Once the sulfur cap is digested, shipping cannot sit still and needs to move on to its main course, decarbonization. The challenge of simultaneously meeting growing energy demand and reducing GHG emissions has created the platform for a radical energy transition. What is the route to 2050?