Event Details

This year's briefing is particularly timely, given the uncertain geopolitical backdrop.


Russia's invasion of Ukraine has resulted in a sharp spike in oil prices. Buyers are concerned about disruptions to supply, while financial sanctions levied against Russia are disrupting trade, with many buyers worried about falling afoul of secondary US sanctions.


Additionally, major oil firms in the West are concerned about the reputational risk associated with sourcing supply from Russia and are therefore limiting purchases of Russian oil.


Meanwhile, The EIU expects that global oil demand will grow to above pre-pandemic levels by the end of 2022. Although OPEC+ production has been rising slowly but steadily since early 2021, the global supply response has been trailing the uplift in demand stemming from strong economic recoveries across the G20 economies.


In the company of the EIU's global economist Matt Sherwood, and in panel discussion and Q&A with regional oil market analysts, we will seek to answer the following questions and more:

  • What is the forecast trajectory for oil prices throughout 2022 and 2023?
  • Could we yet see $200/b oil this year?
  • What will be the OPEC+ response if Russian oil supplies are limited in the longer term?
  • What will happen to the oil price when the war in Ukraine ends?
  • What would be the impact on oil prices if Iran strikes a new nuclear deal?
  • Is $100+/b oil necessarily a good thing for MENA oil producing economies?

Please do join us for what will no doubt be a fascinating session on a topic that remains central to the outlook for the MENA economies.


Agenda

8.30am Registration, networking and breakfast

9am Welcome and introduction (Robert Willock)

9.05am EIU Oil Market Outlook (Matt Sherwood)

9.45am Panel discussion: Matt Sherwood, Amena Bakr, Matt Stanley

10.30am Close

Please note that this event is limited to senior-level executives and per invitation only. If you are not an existing member of The Economist Intelligence Corporate Network, but would like to learn how you can attend our events, please contact us.

Speakers

  • Robert Willock (Director, MENA of The Economist Intelligence Corporate Network)

    Robert Willock

    Director, MENA of The Economist Intelligence Corporate Network

    Robert is the Director of the Economist Corporate Network based in Dubai and covering the MENA region. Robert works closely with network members to help inform their business strategies through political, economic and operational insight and to connect them with their senior leadership peers.

    Robert is a business journalist, editor and publisher with 25 years of experience covering a wide variety of sectors, including hospitality, retail, construction, energy and transport, and a particular interest in human capital management.

    He is an accomplished event chairman, moderator and speaker.

    Robert completed an MBA at the University of Leicester School of Business in 2012 and holds a Bachelor's degree from the University of Nottingham.

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  • Matt Sherwood (Analyst at The Economist Intelligence Unit)

    Matt Sherwood

    Analyst at The Economist Intelligence Unit

    Matthew leads The EIU’s economic and political forecasts for the United States, including analysis of market-moving political and economic trends. He also plays a major role in formulating The EIU’s global views, particularly when it comes to the interplay between developed economies and emerging markets.

    Matthew is also responsible for The EIU’s five-year oil market outlook, leveraging real-time data and The EIU’s inhouse expertise to forecast how oil supplies, global demand and geopolitical risk factors will influence oil prices. He also oversees our forecasts for 25 critical commodities.

    Matthew has appeared on TV and in print media across the globe. He has a wealth of experience delivering keynote addresses, chairing conferences and advising boardrooms.

    Matthew is a Phi Beta Kappa graduate of Duke University. He also has a master’s degree from the Edmund A Walsh School of Foreign Service at Georgetown University and an Executive MBA from City, University of London.

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  • Matt Stanley (Director of Star Fuels)

    Matt Stanley

    Director of Star Fuels

    Matt joined Star Fuels in September 2018 after previously running the Dubai office for Freight Investor Services for the last 5 years. He works closely with clients providing advice and support on managing their requirements for both physical and derivatives across the barrel.

    Matt was instrumental in supporting the launch of the AG fuel oil derivative contract in 2016 and is driving other products within the AG region working closely with traders, the Exchanges and PRA's.

    Matt was previously a director in London for Nigerian energy company Oando PLC and in Switzerland and Singapore for energy trading house Trafigura. Matt is a regular published commentator on the oil markets, drawing on his background of more than 20 years’ experience in the oil industry.

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  • Amena Bakr (Chief Opec Correspondent at Energy intelligence)

    Amena Bakr

    Chief Opec Correspondent at Energy intelligence

    AMENA BAKR is Chief Opec Correspondent and Dubai Deputy Bureau Chief, as well as an award-winning correspondent for Energy Intelligence.

    She covers energy and politics related to Saudi Arabia and other Opec countries. Prior to that, Amena was an Energy Correspondent for Reuters news agency for six years, posted in Dubai, Doha and Riyadh.

    In 2017, Amena was rated 13th on business information website Marketwatch’s ranking of the top Twitter accounts for investors to follow. The influential website praised Amena for her coverage of Opec, noting that "if there is an Opec meeting going on, she’s all over it.”

    Amena holds a BA in business administration from the Arab Academy for Science, Technology & Maritime Transport in Egypt, with a major in management information systems.

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