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Geopolitics of Energy

The world today is as precarious as ever. There are numerous geopolitical events evolving in major oil producing areas of the world impacting supply daily. In addition, with global oil supply and demand balances quickly returning to normal any oil interruptions going forward are going to play a major role in price direction. Further adding to the angst among oil market participants is the situation with North Korea. Although they are not an oil producer any further development in the conflict could certainly impede the flow of oil in and around Asia or the main growth ending for oil demand in the world.

The geopolitical risk to oil supply has continued to increase over the last several years and will likely increase as we head into 2019 and beyond. Unplanned crude oil supply disruptions among OPEC producers averaged 1.2 million bbl/d in February 2018. Additionally, non-OPEC country shut-ins were running at about 625,000 bpd in February of 2018.

Unfortunately, the global surplus of oil in the world is diminishing quickly and the impact of the producing shut-ins will start to impact oil prices. With OPEC and select non-OPEC countries adhering to their production cutting accord at a high compliance level it is only a matter of time when global oil stocks will return to more normal historical levels. Then what?  How long will oil prices be able to shrug off the growing geopolitical risks in the world of oil?

Now is the time to study, analyze and plan to what could be a future period of high risk to global oil supply.

Full Course Description

This 2-day intensive and information-packed program will give you an excellent overview of the current state of the world’s energy situation. Topics that will be covered in this very dynamic course include:

  • How the ongoing turmoil in the Middle East still threatens supply and price even though there is a surplus of oil in the world.
  • Will Libya return to a normal and stay there?
  • What is next on the agenda for Russia/Putin?
  • Can Saudi Arabia continue to keep its populace quiet and peaceful?
  • What are the major geopolitical themes influencing oil?
  • What role does OPEC play in the world oil markets? What is Saudi’s position in OPEC? Will Saudi Arabia be able to maintain its grip over OPEC?
  • What are the geopolitical factors influencing Russian and other non-OPEC producers and exporters?
  • How stable are the major producers of the Caspian?
  • What are the geopolitical factors influencing policies in consumer nations?
  • How secure are energy supplies in the face of a terrorist attack?

The course is applicable to all levels of the energy infrastructure, oil, natural gas, electricity and coal, as well as to Wall Street, trading operations, hedging operations, hedge funds, the media and academia. Individuals in every functional area of responsibility in all energy industries whose decisions have significant financial impact will benefit from this program. Managers from areas such as marketing, sales, manufacturing, engineering, supply and distribution, trading risk management, purchasing, and financial and accounting will find the course highly beneficial. Also executive managers (CEO, COO, President, CFO, Treasurer, CTO, CRO) of energy companies and/or energy consuming companies.

Industry Segment
Course Level
Intermediate to Advanced
CPE Credits
14
EMI Credits
6