Past Events

NBAS Luncheon Talk: OIL PRICE OUTLOOK

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: Wednesday, 8 November 2017, 12:15 PM

: The Fullerton Hotel, TDB Room, Lower Lobby

: Member ($60), Non-Member ($80)

NBAS Luncheon Talk: OIL PRICE OUTLOOK

The dramatic decline of oil prices, from over US$110 per barrel in June 2014 to less than US$30 in February 2016, has had great impact on the global economy. The future oil price is a hot topic and NBAS is pleased to invite you to a Luncheon Talk with Oil Analyst Torbjørn Kjus from DNB Markets.

Mr Kjus will present the outlook for oil prices into 2018. Further, Mr Kjus will cover the Global Sulphur Cap 2020. On 27 October 2016, the IMO MEPC meeting agreed on a global fuel sulphur limit of 0.5% which will enter into force in 2020. This was a critical decision that will have profound implications for the economics of shipping.

Torbjørn Kjus is today recognised as one of the world’s leading oil industry commentators/analysts and he is the number one ranked oil analyst in Norway. He was one of the first oil price contrarians and has since 2011 provided regular updates to the US Treasury Department in Washington DC on oil prices and the global oil market. He argued early in 2012 that international oil prices would stabilise and even drop as the US shale oil industry would be a game changer for the global oil market.

He has 15 years of experience in the oil industry and is a well-known name in this space.  He provides regular updates of the oil market to the Norwegian Ministry of Petroleum and is frequently interviewed/quoted in media, like Wall Street Journal, Platts, Bloomberg, Reuters, Dow Jones Newswires, Montel, CNBC, Norwegian television channels (NRK/TV2), Nordic financial media (Dagens Næringsliv/Finansavisen/Dagens Industri). Prior to joining DNB, his previous role includes more than 5 years as an oil market analyst and oil trader at Norsk Hydro in Oslo and BP in London.

Program:

12.15: Standing Buffet Lunch

13:00: Oil price presentation by Mr Torbjørn Kjus

13:30: Q&A