The Future of the Oil and Gas Market: Outlook for Global Demand and Producer Plans
The peak of the commodity price surge is behind us, but the risks of turbulence in global markets remain. In the oil market, this risk is manifested in extended delivery times due to the conflict in the Red Sea, while competition among suppliers is intensifying. In the gas market, several projects have been suspended due to sanctions and the green agenda. In the oil products market, the share of re-exports in the supply structure to European countries is increasing. What will be the dynamics of supply and demand for oil and gas in the global market in the medium term? How significantly will changes in the structure of global demand affect prices? What is the optimal strategy for oil and gas producers in these conditions? How severely has the conflict in the Red Sea complicated hydrocarbon trade? How do sanctions affect global LNG production? Does the increasing competition in the oil and gas market require greater fiscal flexibility from regulators? Which industries will be the leaders in demand growth for oil and gas in the coming years?
Moderator
Sergey Brilev,
President, The Global Energy Association
Panellists
Haitham Al Ghais,
Secretary General, Organization of the Petroleum Exporting Countries (OPEC)
Suhail Mohamed Al Mazrouei,
Minister of Energy and Infrastructure of the United Arab Emirates
Abdulaziz bin Salman Al Saud,
Minister of Energy of the Kingdom of Saudi Arabia
Kirill Dmitriev,
Chief Executive Officer, Russian Direct Investment Fund (RDIF)
Alexander Dyukov,
Chairman of the Management Board, Gazprom Neft
Alexander Novak,
Deputy Prime Minister of the Russian Federation
Jose Felix Rivas Alvarado,
Sectoral Vice President of Economy, Minister of the People's Power for Industries and National Production of the Bolivarian Republic of Venezuela
Peter Szijjarto,
Minister of Foreign Affairs and Trade of Hungary