James Burkhard

IHS Markit

Vice President, Oil Markets, Energy & Mobility

Jim Burkhard, Vice President, Oil Markets, Energy & Mobility at IHS Markit, is recognized as one of the world’s top analysts on global oil markets and on the future of energy and transportation. Based in Washington, DC, Mr. Burkhard is Vice President and Head of crude oil market and energy and mobility research. Mr. Burkhard is a member of the IHS Markit Energy Research Council overseeing thought leadership across global energy and has over 20 years of experience in the international oil business. He is responsible for the development and coordination of IHS Markit insights and messages for global and regional oil markets and scenarios. His expertise covers geopolitics, industry dynamics, and global oil demand and supply trends. Mr. Burkhard also leads research into how changes in the automotive ecosystem are impacting the future of the energy, automotive, and chemical industries. He led the groundbreaking IHS Markit study, Reinventing the Wheel (RTW): The future of cars, oil, chemicals, and electric power. RTW has been cited by numerous press outlets around the world including the Wall Street Journal, the Financial Times, CNBC, Bloomberg, and media outlets in China, Europe, and India. Mr. Burkhard has also led the development of each generation of IHS Markit global scenarios, which have been prescient in their anticipation of major changes in the global energy market such as the price collapses of 2008-09 and 2014-15. Mr. Burkhard has testified before the US Congress on energy issues and is frequently sought for comment by global media. He has also participated in US National Petroleum Council (NPC) studies that provide policy recommendations to the US Secretary of Energy on oil and gas issues. Prior to joining Cambridge Energy Research Associates before its acquisition by IHS Markit, Mr. Burkhard was a member of the US Peace Corps in Niger, West Africa, where he directed infrastructure projects to improve water availability and credit facilities. He holds a BA from Hamline University and an MS from the School of Foreign Service at Georgetown University.

Sessions With James Burkhard

Monday, 1 March

  • 11:50am - 12:20pm (CST) / 01/mar/2021 05:50 pm - 01/mar/2021 06:20 pm

    Plenary

    Oil & Gas: What kind of recovery?

    Panel Markets/Economics/Strategy Downstream/Midstream/Chemicals Upstream Oil & Gas Finance & Investment/Trading & Risk Management

    The COVID pandemic collapsed oil and gas demand in 2020, and some believe that energy transition and ESG financial pressures may challenge future demand. Oil and gas producers globally are racing to reduce costs and emissions. Still, investors have fled from hydrocarbon assets, and sustained low investment could constrain supply capacity to meet demand. What are the implications for price swings, investment patterns and company strategies? Will the financial sector shape the future of this recovery?

Tuesday, 2 March

  • 01:15pm - 01:45pm (CST) / 02/mar/2021 07:15 pm - 02/mar/2021 07:45 pm

    Plenary

    Global Outlook: Oil markets--turmoil & transition

    Panel Markets/Economics/Strategy Upstream Oil & Gas
    Among far-reaching changes triggered by the pandemic of 2020 are these two: a shift in the balance of oil supply and pricing power away from the United States to Russia and Saudi Arabia; and recognition that the energy transition is quickening, a phenomenon with broad, long-term consequences for the industry. The first is the consequence of a collapse in oil demand that was as dramatically sudden as it was astonishingly large. As such, it could be temporary but for the second, which could pinch investment in oil production capacity as the world transitions away from fossil fuels. The IHS Markit team will discuss views—and recognize the uncertainties—about the future of world oil demand, production, and refining.
  • 01:55pm - 02:25pm (CST) / 02/mar/2021 07:55 pm - 02/mar/2021 08:25 pm

    Strategic Dialogue

    Oil: The market in 2021--& beyond

    Panel Markets/Economics/Strategy Downstream/Midstream/Chemicals Upstream Oil & Gas
    The oil market in 2021—and beyond. The past five years have seen the oil price collapse twice, several pivotal changes in OPEC+ policy, capital discipline take root in the US upstream industry, and oil demand fall due to COVID-19. The energy transition is also moving beyond slow motion and investors are reassessing prospects for oil. These factors are fueling uncertainty about the future course of world oil demand, supply, and price trends. What are key variables shaping the oil market and how they could evolve in the years ahead? 

Friday, 5 March