• 5 minutes Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
  • 9 minutes Sell out now or hold on?
  • 16 minutes Oil prices going down
  • 45 mins Oil prices going down
  • 17 hours We Need A Lasting Solution To The Lies Told By Big Oil and API
  • 17 hours Another WTH? Example of Cheap Renewables
  • 5 hours What If Canada Had Wind and Not Oilsands?
  • 46 mins After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 7 mins Two Koreas Agree To March Together At Asian Games
  • 57 mins Sell out now or hold on?
  • 17 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 2 days When will oil demand start declining due to EVs?
  • 10 hours No LNG Pipelines? Let the Trucks Roll In
  • 32 mins Geopolitical and Political Risks make their strong comeback to global oil and gas markets
  • 16 hours The Permian Mystery
  • 5 hours Australia mulls LNG import
  • 10 hours China & India in talks to form anti-OPEC
  • 2 days Russia's Rosneft 'Comfortable' With $70-$80 Oil Ahead of OPEC Talks
  • 1 day Gazprom Exports to EU Hit Record
Alt Text

EV Makers Receive Little Support From Trump

Electric vehicle makers find themselves…

Alt Text

The Oil Giant That Saw Its Cash Reserves Plunge 90%

India’s top oil exporter has…

Alt Text

The Fed Is Driving Down Oil Prices

The hawkish U.S. Federal Reserve…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

5 Key Takeaways From CERAWeek

5 Key Takeaways From CERAWeek

The annual CERAWeek Conference sponsored by IHS Markit is arguably the hottest oil and gas conference on the planet, and this year’s edition saw the largest attendance in the event’s 35-year history – a testament that oil and gas industry is truly back after the several-year downturn.

A who’s who of the energy elite are always present at the conference, from OPEC oil ministers to top shale executives, major financiers and a long line of notable analysts. The event also tends to reveal clues about where the industry is heading in both the short- and long-term, with OPEC officials hinting at future maneuvers, oil executives revealing spending plans and forecasters predicting price movements.

Here are the 5 key takeaways from the 2018 CERAWeek Conference:

#1 Forget peak demand.

Peak oil demand has become one of the most contentious and fascinating debates in the oil industry over the past few years, with forecasts for the pending peak seemingly creeping closer to the present with every new publication. The precise dates vary. Royal Dutch Shell, for instance, has said that the peak could come within 5-15 years. BP, for its part, says demand could plateau in the 2030s. But the steady fall in battery prices has led to bullish forecasts for the adoption of electric vehicles, with grim consequences for oil producers.

But at this year’s CERAWeek, there was no gloom and doom to be found. “I’m not losing any sleep…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News