Rebalancing of the Global Oil Market: When and at What Price Level?

Описание: Fahad M. Alturki, Chief Economist and Head of Research, Jadwa Investment

Paul Horsnell - Head of Commodities Research, Standard Chartered

Harry Tchillinguirian, Global Head of Commodity Markets Strategy, BNP Paribas

Moderator: David Knapp - Chief Energy Economist, Energy Intelligence


At mid-year, oil markets find themselves on the path to recovery from the huge supply excesses of the last two years that dove crude oil prices below $30 a barrel in January. But this process of rebalancing is littered with obstacles and uncertainties. What’s more, there are crucial questions regarding the future equilibrium price and the potential for further market volatility even when supply and demand are more evenly balanced. In our session entitled, “Rebalancing the Global Oil Market: When and at What Price Level?” a group of top oil market analysts with a wide range of perspectives on the oil market will examine these issues, mapping out their views of the drivers behind future oil market direction. Questions that will be addressed include:
• What more is needed to rebalance the oil market and when will that happen?
• How significant is the global oil inventory surplus as damper on the market?
• At what price will the market rebalance and how durable will that price be?
• What are the wildcards that could disrupt the oil market outlook?
• How will the process of rebalancing impact future investment and supply?
• Will Opec or Saudi Arabia return as a force rebalancing the market?