All in Oil: Sharp OPEC+ Cuts, Soft Demand & Majors’ Transition Strategies | Bloomberg Professional Services
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Webinar

All in Oil: Sharp OPEC+ Cuts, Soft Demand & Majors’ Transition Strategies

On Demand
Duration: 60 Minutes
Original Date: April 02, 2024
Softening energy demand growth outlook—especially in China—and resilient non-OPEC output is forcing deeper OPEC production cuts amidst growing skepticism around member compliance, with oil price volatility likely to remain elevated as a result. Meanwhile, following COP28’s historic agreement to “transition away” from fossil fuels, European energy majors are tapping the brakes with higher investment in oil and gas, reflecting an emphasis on returns and an aversion to execution and profitability risk seen in crowded renewable markets. Join our Bloomberg Intelligence analysts as we dive into the trends shaping the global oil story, outline what to expect throughout 2024, and demonstrate how to make the most of shifting energy markets.

Speakers

Will Hares

Senior Analyst, European Oil & Gas

Bloomberg Intelligence

Will Hares, a Senior Analyst at Bloomberg Intelligence, has worked in oil & gas finance and research for nearly 15 years and covers European oil majors, independent E&Ps, energy servicers and drillers. He regularly publishes reports that focus on how companies are adapting strategies for the accelerating energy transition.

Before joining Bloomberg Intelligence, he was an oil & gas equity analyst at Cormark Securities and Dundee Securities, and worked in oil & gas business development at Nexen Inc, and Talisman Energy.

Hares holds an undergraduate degree in international finance from the University of Victoria, and is a Chartered Financial Analyst.

Henik Fung

Senior Industry Analyst, Asia-Pacific Oil & Gas

Bloomberg Intelligence

Henik has 22+ years of experience in the Oil & Gas industry. He was Senior Analyst at Samsung Securities, HSBC, Morgan Stanley and Citigroup; Commodities Strategist at About Capital and BrevanHoward AM; and Director of Corporate Strategy at China CBM & Shale Gas Group. Prior to joining BI, he was a Sales Director at SWS on facilitation and cross border trades.

Salih Yilmaz

Senior Oil Analyst

Bloomberg Intelligence

Salih Yilmaz is one of the oil analysts at Bloomberg Intelligence, covering a wide range of companies in EMEA including Saudi Aramco, Rosneft and OMV. He leads BI’s research on OPEC and oil as a commodity, and regularly publishes reports that focus on OPEC strategy and supply/demand balance for oil.

Before joining Bloomberg Intelligence, he worked in investment banking focusing on the energy sector. He holds a Bachelor’s degree in Economics and Mathematics from Vanderbilt University, and an MPhil in Finance from The University of Cambridge.

Lucita Ng

Commodities and Carbon Market Specialist

Bloomberg

Lucita is an account manager focusing on the commodities business in Hong Kong, providing solutions to corporations and trading houses. She is a certified Energy Risk Professional, and is working towards a Master of Social Science in Sustainability Leadership and Governance.

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