ETF Securities analytiker Nitesh Shah börjar med en bredare marknadsöversikt inklusive resultatet från OPEC-mötet och det pågående kriget om marknadsandelar mellan USA och andra oljeproducerande länder. Därefter ger Amrita Sen, chefsoljeanalytiker vid Energy Aspects, en mer ingående analys av de långsiktiga effekterna av mötet inklusive om USA kommer fortsätta dra ner på produktionen och vad det kan få för konsekvenser för den globala tillgången och oljepriserna.
Energy Wars: Has OPEC Won?
Date: Monday 8 June 2015 | Time: 2 pm (BST)| Duration: 50 minutes
Guest Speaker: Amrita Sen, Chief Energy Oil Analyst, Energy Aspects
As part of our “Energy Wars” series we welcome Amrita Sen, a renowned energy consultant to join Nitesh Shah, our in-house commodities specialist, to give a post-OPEC meeting briefing.
As discussed earlier in the series, there is battle of technologies between conventional oil producers, dominated by OPEC and the emerging shale oil producers, mainly from the US. In the past five years, producers in the US with improved technology have reversed over four decades of production decline in the country.
That new global supply has unseated OPEC as the kings of the oil market and they have responded with a ferocious price war, seeing oil prices half in the span of 6 months. While oil prices have recovered 40% from their March lows, the market pins high hopes on an OPEC production cut. We will see whether that is delivered on June 5th. A failure to cut could position OPEC as the battle victors. But can they win the War?
Our upcoming webinar will address the following:
What is the outcome of the June 5th OPEC meeting in Vienna?
Will the US continue to pare back on production?
What does this mean for the supply of oil globally and, ultimately, for the oil price?
Amrita Sen, Chief Oil Analyst, Energy Aspects
Amrita’s specialism is in energy commodities, particularly oil and oil products, and she has also covered coal and freight markets and investment flows into the commodities markets. Amrita holds an MPhil in Economics from Cambridge University, a BSc in Economics from the University of Warwick, and is pursuing a PhD at the School of Oriental and African Studies, University of London. She is a fellow at the Oxford Institute of Energy Studies and was formerly the chief oil analyst at Barclays Capital. She is frequently featured in leading media outlets, including the Financial Times, BBC News, Bloomberg, CNBC, Wall Street Journal, and Sky News.
Nitesh Shah, Research Analyst, ETF Securities
Nitesh is a multi-asset Research Analyst at ETF Securities covering many markets from commodities to Chinese macroeconomics. Nitesh has 12 years of experience as an economist and strategist, covering a wide range of markets and asset classes. Prior to joining ETF Securities, Nitesh was an economist covering the European structured finance markets at Moody’s Investors Service and was a member of Moody’s global macroeconomics team. Before that he was an economist at the Pension Protection Fund and an equity strategist at Decision Economics. He started his career at HSBC Investment Bank. Nitesh holds a Bachelor of Science in Economics from the London School of Economics and a Master of Arts in International Economics and Finance from Brandeis University (USA).
This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the ”FCA”).