Oil Price Slump: Implications for Energy Investment, OPEC Behaviour and Exporting Countries
Professor Paul Stevens, Senior Research Fellow, Energy, Environment and Resources, Chatham House
Matthew Hulbert, Lead Analyst, European Energy Review
For several months, oil prices have fallen below the $100 mark. Analysts see this trend partially as the result of a decline in global oil demand associated with economic slowdown and the rise in production of tight oil from shale in the US. Saudi Arabia has also played a levelling role by increasing production as the embargo on Iranian oil took effect. Whilst still historically high, a number of exporting countries and energy projects have come to rely on $90+ prices. Could prices fall further? What are the factors to watch in the coming months? Who are the potential winners and losers in a -£80/b world?
The speakers will analyse the reasons behind this fall and the potential for further reduction, as well as the likely impacts and effects on energy investment, OPEC behaviour, and producing and exporting countries, including Russia and Iran.
This event is part of the Fossil Fuels Expert Roundtable project.
Attendance is by invitation only.