IEA Medium-Term Oil & Gas Markets 2011
The CSIS Energy and National Security Program cordially hosted:
INTERNATIONAL ENERGY AGENCY’S
Medium-Term Oil & Gas Markets 2011
Didier Houssin, Director of Energy Markets and Security, International Energy Agency
David Fyfe, Head, Oil Industry and Market Division, International Energy Agency
Anne-Sophie Corbeau, Senior Gas Analyst, International Energy Agency
Moderated by: Guy Caruso, Senior Adviser, CSIS Energy and National Security Program
From the upstream implications of the Arab Spring to the macroeconomic consequences of the eurozone crisis, energy markets are experiencing one of the most uncertain periods in decades. Rapid demand growth in emerging markets eclipsed sluggish supply growth to push prices higher even before the conflict in Libya further tightened supplies. In natural gas markets, demand has recovered to well above pre-financial-crisis levels in most major regions. Gas markets have tightened in Europe and Asia, where prices are about twice the level seen in the United States, as the unconventional gas revolution is in full swing.
The CSIS Energy and National Security Program is pleased to host the International Energy Agency (IEA) to present the Medium-Term Oil and Gas Markets 2011.
This oil market analysis covers demand developments on a product-by-product and key-sector basis, as well as a detailed bottom-up assessment of upstream and refinery investments, trade flows, oil products supply and OPEC spare capacity. The gas market analysis offers a region-by-region assessment of demand and production, infrastructure investment, price developments, prospects for unconventional gas, and the globalizing of the LNG trade.
This session will be on the record.