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IEF Lecture: Oil Supply Risks and Opportunities: The Big Moving Parts

2 May 2018

Riyadh, Saudi Arabia

The Secretary General of the International Energy Forum, Dr Sun Xiansheng was pleased to host Bill Farren-Price, CEO of Petroleum Policy Intelligence (PPI), and Derek Brower, Managing Director of Research to present on oil supply risks and opportunities at the IEF Headquarters in Riyadh on Wednesday May 2, 2018.

The first of the two-part presentation focused on geopolitical risks to oil supply that may create volatility in a tightening market. Discussion revolved around the political volatility in Venezuela and the Middle East including what a potential withdrawal by the United States from the 2015 Iran deal, also known as the Joint Comprehensive Plan of Action may imply for an oil market moving towards equilibrium. PPI concludes that OPEC spare capacity is limited, and security of supply is now more exposed to geopolitical risks.

Part two of the presentation discussed whether tightening supply-demand balances risk a new oil cycle by eroding demand or will stimulate more investment. Participants discussed how geopolitical risks, new policies, and technology advances will work together to assess their impact on oil market stability.