13th IEA-IEF-OPEC Symposium on Energy Outlooks

The IEF hosted the 13^th IEA-IEF-OPEC Symposium on Energy Outlooks at its Riyadh headquarters on 15 February 2023.

The joint producer—consumer dialogue event was hosted by Mr Joseph McMonigle, Secretary General of the International Energy Forum; H.E. Haitham Al Ghais, Secretary General of the Organization of the Petroleum Exporting Countries and Mary Warlick, Deputy Executive Director of the of the International Energy Agency.

Current market volatility and the widening gap between normative and reference energy scenarios makes dialogue on outlooks and market signals more important than ever. This event will present and compare the outlooks prepared by the IEA and OPEC, and provide an opportunity to exchange points of view on their determinants, how they relate to other outlooks, and help deliver energy security, market stability, and sustainable development in reality.

Successive systemic shocks have upset energy market stability and placed long-term energy transition goals at greater risk. These unprecedented disruptions of energy flows and critical infrastructure impact fragile supply and demand balances that had already tightened due to sustained underinvestment in oil and gas. In addition, the conflict in Ukraine, recession fears, price inflation, and energy poverty concerns have exacerbated market volatility, and may ultimately impact government and public support for climate change mitigation.

The symposium also explored the trade-offs between affordability, sustainability, and economic growth and how these are impacted by the current crisis. Experts discussed how governments and industry are expected to re-evaluate policy and investment decisions to keep net-zero climate and sustainable development goals within reach. Participants were invited to discuss if it is possible to reduce costs of transition to protect consumers and broaden prospects for economic growth.

Guest Speakers

• 

  Mary Warlick
  Deputy Executive Director, IEA

• 

  Joseph McMonigle
  Secretary General, IEF

• 

  H.E. Haitham Al Ghais
  Secretary General, OPEC

Speaker Presentations

• Dr Ken Koyama
  Chief Economist and Managing Director, Institute of Energy Economics, Japan (IEEJ)

Highlights Videos

Key Documents

• Draft Agenda
• IEF Outlooks Comparison Report