The Geopolitics of Cheap Oil
Timothy Ash, Head of Emerging Markets Research (excluding Africa), Standard Bank
Dr Valérie Marcel, Associate Fellow, Energy, Environment and Resources, Chatham House
Professor Paul Stevens, Distinguished Fellow, Energy, Environment and Resources, Chatham House
Chair: Anjli Raval, Oil and Gas Correspondent, Financial Times
The price of oil has fallen by more than half since June 2014, the result of low demand, changes in technology and new oil supply coming onstream from outside OPEC. European and other oil-importing countries are at present benefiting from lower energy prices. But from Moscow to Riyadh, and from Lagos to Tehran, a low oil price has serious implications for oil-producing countries and, by extension, for regional stability around Europe's periphery.
The expert panel will consider the geopolitical and economic implications of this shift at a time of deep political and economic instability in Russia, the Middle East and North Africa. In addition, they will consider the consequences of low oil prices for Europe’s periphery.
The event will be followed by a reception.