• CERAWEEK 2025 | March 10-14, 2025
  • CERAWEEK
  • March 10 - 14, 2025

Horace Hobbs

Phillips 66

Chief Economist

Horace Hobbs, Chief Economist, Phillips 66, joined the company in October 2013. Mr. Hobbs is primarily focused on long-range planning and capital allocation for the global portfolio of Phillips 66 businesses. He has spent his entire thirty-year career in the energy industry, primarily as a management consultant and an operating executive. Prior to joining Phillips 66, Mr. Hobbs was Managing Director of Muse Stancil & Co., a boutique, global consulting firm, where he was focused on downstream strategy and provided a broad array of merger, acquisition, and divestiture advisory services. He also provided industry analysis and business planning support for operating companies, project and technology developers, equity investors, and financial institutions. Mr. Hobbs spent five years as part of the start-up executive team for Longhorn Pipeline and was previously employed as a downstream industry consultant at Wright Killen & Co. and The Pace Consultants (Now Jacobs Consultancy). He spent the early years of his career as a chemical engineer involved in process design and advanced process control applications. He has testified as a downstream industry expert before the Federal Energy Regulatory Commission (FERC), The California Public Utility Commission, and the National Energy Board of Canada. He regularly addresses a variety of audiences on topics related to global energy markets and economics. Mr. Hobbs holds a bachelor’s degree in chemical engineering from the University of Houston and is licensed by the state of Texas to practice engineering.

Sessions With Horace Hobbs

Tuesday, 12 March

  • 11:35am - 12:35pm (CST) / -

    The IMO Scramble: How big a disruption?
    Panel Transportation/Mobility Oil

    As the International Maritime Organization makes headway defining steps for the 2020 bunker fuel sulfur specification change, many questions still remain. The number of ship scrubbers installed, availability of new low-sulfur fuels in all ports, and the ability of new formulations to meet engine requirements are only some of the industry concerns. How will compliance be enforced and by whom? And can the market provide sufficient volumes around the globe? Refiners are seeking solutions, with new projects and conversion upgrades, but will excess residual streams need to be absorbed by inland markets? Also, what role does the GHG rule play in the ship owner’s strategy?