After a dramatic drop in oil price in 2014, the global oil market has settled into a period of volatility. According to the Inter-American Development Bank (IDB), the fall was preceded by an unprecedented era of high prices and stability. The resiliency of crude oil prices between 2011 and 2014, they argue, was largely due to action by Saudi Arabia and other Gulf Cooperation Council producers. In addition to stabilizing prices, the Gulf States’ actions kept Saudi production competitive and increased its market share, ensuring greater control.
Join us for a discussion with Ramón Espinasa, Lead Oil and Gas Specialist at the Energy Division of the IDB, and Carlos Sucre, Energy Consultant at the IDB. Espinasa and Sucre will discuss both the historical context for our current oil price market as well as the outlook for oil prices, depending on variable global supply and demand factors.
If you are unable to join us, register anyway and we will send you the link to the recording.
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