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OPEC+ and Global Oil Markets: What to Expect This Winter?

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OPEC+ and Global Oil Markets:

when 5:30‐7pm where 19 Washington Square North, New York who NYU Abu Dhabi Institute in New York
Open to the Public

OPEC+ and Global Oil Markets: What to Expect This Winter?

OPEC+ has not only fully returned to market the 2.2 million barrels per day of nominal voluntary supply cuts made in November 2023, it has also committed to a first monthly return of 1.65 million barrels per day announced before then. The market has been absorbing the higher supply with a few bearish impacts. This has been for two essential reasons: 1. refinery margins are robust and crude stocks are relatively low globally; and 2. summer oil burn for power generation in the Middle East is more than one million barrels per day above Spring levels. But, the summer power generation season will be over after September, as global refinery demand for crude also falls during Autumn season. How will the market move? How might OPEC+ members respond?

PROGRAM: 
5:00 - 5:30 Registration
5:30 - 7:00 Presentation and discussion
7:00 - 7:30 Reception 

Opening Remarks
Gary Ross, Founder of PIRA; CEO of Black Gold Investors LLC; NY Energy Forum board member

Panelists
Adam Sieminski, Former Administrator of the U.S. Energy Information Administration and Current Senior Advisor and Former President of KAPSARC
Amena Bakr, Head of Middle East and OPEC+ Insights, Kpler
Natasha Kaneva, Head of Global Commodities Strategy, J.P. Morgan

Moderated by
Carolyn Kissane, Associate Dean, Center for Global Affairs, School of Professional Studies, NYU

In collaboration with

Center for Global Affairs, NYU
New York Energy Forum

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