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The New Economics of Oil

Chatham House, London


Spencer Dale, Group Chief Economist, BP


In recent years the global oil market has undergone a number of changes and shifts. The dramatic fall in oil prices since 2014 and increasing momentum for action on carbon emissions and climate change have led economists and analysts to re-think the medium and long-term outlook for oil.

In this briefing, Spencer Dale will consider how factors including the US shale boom, the abundance of supply and the prospect of peak oil demand are changing the dynamics of the global oil market. He will argue that many of the principles traditionally used to analyse the oil market no longer hold true and that a new set of principles is now needed.

To enable as open a debate as possible, this event will be held under the Chatham House Rule.

This event is only open to Major Corporate Member and Partner organizations of Chatham House.

This event is now full and registration has closed.