ENERGY CLUB SUMMIT: RESHAPING GLOBAL OIL MARKETS. PART 2

ENERGY CLUB SUMMIT: RESHAPING GLOBAL OIL MARKETS. PART 2

21 June, 17:15–18:15

Shifts in oil production driven by technical innovation as well as new demand factors are fundamentally reshaping the global petroleum markets. What are the major factors that will impact these markets over the coming decade and how will this change market structure and pricing?



Key moments

The price situation is quite balanced overall. There are no real reasons or opportunities for significant further growth in international prices for oil. However, there are even less reasons to expect a fall in the price in the near future.
Igor Sechin
What unites all of our efforts, is trust in human ingenuity, trust in effective risk management and trust in what cooperation can mean in expanding supplies of energy in a manner that protects people and our environment.
Neil Duffin
Our companies represent some of the most powerful engines in the economy. But saying that, with our size and the strengths, we should be able to handle the cyclical nature of our business and, of course, our products are absolutely vital for the economic development of this planet.
Timothy Dodson