EVENT: Experts Brief ABA Members on Oil Market Developments

Date: 11th May, 2015 Time: 06:00 pm - 09:00 pm
Experts Brief ABA Members on Oil Market Developments

The ABA's latest technical seminar was held on 11 May, with five eminent oil market experts (three with PhDs and one former Cabinet Minister!) giving their perspectives on the prospects for oil prices, and the energy market as a whole.

The seminar began with an introduction by Dr. Gavin Graham, the Executive Vice President of Petrofac, the global oil services firm. Dr. Graham was followed by Dr. Wim Thomas, the Chief Energy Advisor at Shell International who considered some of the commonly held views about the oil market ("growing global population will underpin increasing demand for oil", "OPEC is dead") and whether they are true. He also explained in detail two alternative scenarios for the development of energy markets over the coming decades.

Lord Howell of Guildford drew on his political experience (including time as a Cabinet Minister in Margaret Thatcher's government) to comment on the recent election in the UK and to consider the priorities for the newly-appointed Minister for Energy.

Dr. Paul Horsnell, Head of Commodities Research at Standard Chartered Bank, then gave his view on current oil prices, which he saw as unsustainable. He explained how the current environment of relatively low oil prices is different from the low oil price environment of the mid-1980s, largely as a result of very limited spare production capacity, and suggested that oil prices are likely to continue to recover in the months ahead.

Finally, Dr. Carole Nakhle, the Director of Crystol Energy, led a panel discussion based on questions from the audience.

After the discussion, participants enjoyed a buffet dinner on the terrace of the Arab British Chamber of Commerce building.

The seminar was made possible through the generous support of Mr. Bahaeddine Bassatne of BB Energy.

Some photographs from the event are attached below. The photograph above shows (L-R) Lord Howell, Dr. Wim Thomas, Dr. Carole Nakhle, Dr. Paul Horsnell and Dr. Gavin Graham.

 

ABA 11.05-32.jpg
ABA 11.05-82.jpg
ABA 11.05-30.jpg
ABA 11.05-50.jpg
ABA 11.05-55.jpg
ABA 11.05-73.jpg
ABA 11.05-120.jpg
ABA 11.05-130.jpg
ABA 11.05-132.jpg
ABA 11.05-140.jpg
ABA 11.05-142.jpg
ABA 11.05-16.jpg

More in Events

Tutorial on Whistleblowing

Tutorial on Whistleblowing

We partnered with Protect to offer our members a tutorial on whistleblowing requirements and good practices.

  • Date: 19th June, 2019
  • ABA Offices, Mayfair

Good Food, Good Company, Good Fun: ABA Christmas Party hits the mark again

Good Food, Good Company, Good Fun: ABA Christmas Party hits...

We held our Christmas party on 13 December. About 90 members and friends attended what was our fourth social event of the year. There are photos on th eGallery Tab of this website.

  • Date: 13th December, 2018
  • ABA Offices, Mayfair

FTI Consulting Delivers Tutorial on Compliance Management

FTI Consulting Delivers Tutorial on Compliance Management

FTI Consulting delivered a tutorial to ABA Corporate Members on the management of the compliance function. 

  • Date: 7th December, 2018
  • ABA Offices, Mayfair

PRA Staff Brief Arab banks on expectations and developments

PRA Staff Brief Arab banks on expectations and developments

Six executives from the Prudential Regulation Authority briefed CEOs and other senior executives of Arab banks in London at the ABA's offices on 28 November. This was the latest in the regular series of briefings that the two UK banking...

  • Date: 27th November, 2018
  • ABA Offices, Mayfair

Corporate Members' Seminar on Libor and Benchmarks

Corporate Members' Seminar on Libor and Benchmarks

Janes Solicitors and Arab Financial Forum hosted a seminar for our corporate members on the recent scandals surrounding the Libor benchmark. 

  • Date: 19th September, 2018
  • ABA Offices, Mayfair

Upcoming ABA Events


Other Upcoming Events