Oil Market Movers – Fundamentals, Finance, and Volatile Sentiment
This event will be webcast live from this page.
Following last month’s “Road to (Oil Market) Rebalance” session, the CSIS Energy & National Security Program is pleased to host an in-depth discussion on how investor and corporate flows are impacting oil production, inventory disposition, and investment decisions going forward. Market rebalance is underway, and producer sentiment is increasingly positive, spurred by both encouraging signs relative to OPEC compliance and potentially stronger demand growth, but the pace and timing remain elusive. Fund positioning in NYMEX WTI and Brent (ICE) reached record highs last month, and the narrowing contango supported inventory draws from floating storage.
But significant challenges remain - from both a fundamentals and policy perspective. Just as the industry emerged buoyant from its week-long gathering in Houston, concerns over the extension of the OPEC/non-OPEC reductions and large stock builds in the U.S. caused investors to rebalance their positions, driving oil prices to their lowest levels in 3 months. To frame this timely discussion, we are pleased to have Ed Morse, Global Head of Commodities Research at Citigroup, Albert Helmig, CEO of Grey House LLC and former Vice Chairman of the New York Mercantile Exchange, and Kevin Book, founding partner of ClearView Energy and a Senior Associate at CSIS.
Please register no later than Wednesday March 29th