The international oil market has placed the price of Brent crude at around US$64/BBL. Demand is growing at a slower pace than before, due to the economic slowdown of China and the emerging countries. Existing demand is amply covered by the prolific oil fields of the United States, the Middle East and other oil-producing areas, and petroleum reserves guarantee the security of the supply. OPEC has lost its capacity to control oil prices. The price of American liquefied natural gas has fallen to less than US$2/MMBtu.
However, geopolitical tensions in the Persian Gulf (Saudi Arabia, Iran) and President Trump’s strategic policy in the region point to a serious risk of disruption in the IPE and NYMEX futures markets in 2020. At this session, we will analyse the likelihood of these scenarios and their consequences.
The Esade Alumni Energy and Environment Club invites you to a session entitled “Geopolitical Tensions and Price of Oil and Gas in 2020: Trump, Saudi Arabia and Iran”.
Welcome and closing remarks:
José Luis Porté (MBA 83), President of the Esade Alumni Energy and Environment Club
F. Xavier Mena, professor of economics at Ramon Llull University and associate professor at ESADE
We hope to see you there!
This is an exclusive session for members ofthe Esade Alumni Energy and Environment Club. Space is limited.
For more information:
Presentation Xavier Mena - Tensions and Price of Oil and Gas in 2020: Trump, Saudi Arabia and Iran