SPEAKERS: 

Antoine Halff
Antoine Halff joined the IEA in July 2012 as head of its oil market unit and editor of its flagship monthly publication, the Oil Market Report. Earlier, he was a lead economist at the U.S. Energy Information Administration, after several years as director of commodities research at brokerage Newedge in New York and its predecessor company Fimat.  From 2006 to 2012, he was an adjunct Professor of International and Public Affairs at Columbia University in New York.

* Laszlo Varro, Head of the IEA Gas, Coal and Power Division, will not be able to attend

MODERATOR:

Jan Stuart
Jan Stuart is the Head of Energy Commodities Research and a Managing Director with the Fixed Income division of Credit Suisse. He and his team produce fundamentals driven analysis of oil and natural gas markets worldwide. Jan has held similar posts with Macquarie Bank and UBS. His earlier positions include head of research for Energy Futures at Fimat, a subsidiary of Société Générale, and head of research for the Global Energy Futures unit of ABN Amro.  Mr. Stuart was also editor of Petroleum Intelligence Weekly, in New York, Bureau Chief of Petroleum Intelligence Week Publications in London and the editor of Oil Market Intelligence.

TOPIC:

In June, the IEA publishes reports forecasting market trends and developments for oil and for natural gas in the next five years.  The Medium-Term Gas Market Report and Medium-Term Oil Market Report aim to contribute to market transparency through comprehensive analysis of the recent trends and future prospect in terms of global demand, supply, processing and trade. In this session, Antoine Halff, head of the IEA oil market unit and editor of the Oil Market Report,  will discuss highlights of their outlooks as well as the IEA view of potential market pressures for the 2014-2019 period. Some findings in the reports include:

• The unconventional supply revolution enters a new stage - matures into an increasingly global phenomenon, not just a US success story
• Political and social change in the MENA raises OPEC supply risk, partly offsetting the impact of higher non-OPEC supply
• The economic recovery buoys demand, but the dynamics of demand growth undergo a structural shift - efficiency gains and fuel switching increasingly balance income and population impacts
• Asia is by far the largest magnet for global crude exports as North America grows into a net oil exporter
• Natural gas demand rose slower than other fuels in 2013 but medium-term outlook remains optimistic with demand set to cross the 4,000 bcm mark by 2020
• OECD regions account for 40% of natural gas supply growth while the FSU/non-OECD Europe region falls behind significantly

PROGRAM:

5:30 - 6:00 PM: Registration
6:00 - 7:30 PM: Presentation and Discussion
7:30 - 8:00 PM: Reception

COST:

$40.00 for General Admission
$10.00 for Academic/Military
$0.00 for Energy Forum Sponsors
$0.00 for Energy Forum Subscribers

Online registration is necessary in order to facilitate building security requirements.

QUESTIONS:

We would be pleased to answer any questions you might have about The Energy Forum, Inc. or about this session.