The dramatic fall in oil prices created a new set of dynamics in the global oil market, generating a range of fundamental questions for developments in the Middle East and beyond. Reduced revenue is clearly impacting economies of the region, but how will regional demand be affected, or the investment plans for new local refineries? How will the Middle East’s crude and products export markets fare in this environment? Will China’s oil demand growth pick up again, or will the recent upsurge in China’s products exports continue? What is the likely impact of the recent improvement in prices on oil production outside the Middle East? Can this higher price level be sustained by the recent switch to output constraint policies by key producers?
These issues will all be addressed at the 25th Middle East Petroleum Insiders Briefing which provides a unique, authoritative, and up-to-date perspective on the regional and global implications of the new low oil price world.
Last year’s event focused on the anticipated persistent low level of oil prices; this year, we will be assessing whether key producers’ attempts to push up prices will stick. Both the up and downstream will be covered, covering detailed regional perspectives on production, oil demand, refining capacity and utilization, with the implications for the Middle East’s role in the rapidly-changing landscape of international products trade.