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High Oil Prices: Causes and Consequences
A detailed 10-year guide to global supply and demand, oil price prospects and their economic and business implications.
High Oil Prices: Causes and Consequences is an indispensable guide to the new era of energy prices. You want to know:
- Why price expectations differ by such high margins.
- What the prospects are for global and regional supply and demand.
- How the changing structure of the industry will affect your business.
- Where opportunities exist and how to make the most of them.
The new price of oil is at the top of every energy professional's agenda.
To ensure that you are making the most of the changes that are taking place, you need Energy Intelligence's newest special report. Fully comprehensive and rich in detail, this work features 114 pages of maps, graphs and tables that provide in-depth analysis by some of the industry's most respected experts.
High Oil Prices: Causes and Consequences is an essential tool for anyone involved in the energy industry.
As you would expect from an Energy Intelligence report,
High Oil Prices: Causes and Consequences gives you in-depth, independent coverage of both Opec and non-Opec producers, their consumers and intermediaries -- and clearly outlines the key trends you need to understand to operate competitively in different sectors of the market.
High Oil Prices: Causes and Consequences not only provides you with an independent point of view on the state and the future of the market, it also features comparisons of analysts' expectations -- supplying you with a unique analytical and forecasting tool.
Content Covered:
The main purpose of
High Oil Prices: Causes and Consequences is to examine oil market fundamentals through 2015 to answer the following overall question: Has there been a structural shift in market fundamentals that points to a substantially higher and sustainable price path? The study looks back at the factors that have driven prices to record highs and puts them in the perspective of present and predictable oil market fundamentals.
This study enables you to:
- Understand the opportunities available to the international oil companies (IOCs), and the increasingly active national oil companies (NOCs), e.g. China and India.
- Anticipate potential changes in market structures, involving the relationships between major oil producers and principal oil consumers.
- Analyze the rapidly increasing oil demand in China, India and the US.
- Appreciate the different attitudes towards foreign investment in the upstream sector shown by the major oil producers -- continued conservatism (Saudi Arabia and Mexico), slow change (Kuwait), welcome (Iran) and big potential (Iraq).
- Calculate oil company 'hurdle' or internal planning prices; target rates of return; exploration and development prospects; implications for oil services companies.
- Track the implications for crude oil and products trading patterns; changes in the relative shares of heavy versus lighter streams in the production mix; and term contracts versus spot sales.
A Unique Guide to Strategic Thinking:
Beyond the short-, medium- and longer-term market projections,
High Oil Prices: Causes and Consequences gives a unique insight into some of the major future implications of rising oil prices for international, national and downstream oil companies, investors, and traders:
- Are we likely to see more M&A activity, share buybacks or joint ventures?
- What and where are the short to long-term implications for development of downstream infrastructure?
- How are refining margins likely to evolve given the changing crude mix and consumption patterns?
- How fast might alternatives to oil develop, and what potential do they hold?
Table Of Contents:
Chapter 1: A New World of Higher Oil Prices
Chapter 2: Global Demand Outlook
Chapter 3: Non-Opec Supply Shows Its Age
Chapter 4: The Ball Moves Into Opec's Court
Chapter 5: Oil Market Outlook: Similar Assumptions, Different Conclusions
Chapter 6: Implications Of High Oil Prices: Challenges and Opportunities
Chapter 7: Impacts On The Oil Industry
Chapter 8: Conclusion, A Seller's Market Likely To Endure
About The Authors:
Dr. Sharif Ghalib
Sharif Ghalib's career has encompassed over 30 years of professional experience covering global oil markets as well as the economies and finances of major oil exporters, particularly in the Middle East and North Africa. Prior to joining Energy Intelligence Research (EIR), he was Director for the Middle East/Africa with Standard & Poors Sovereign Ratings Group in London after spending nearly 5 years in Kuwait as SVP and Chief Economist at the GCC-owned Gulf Investment Corp. That followed 15 years spent as Mid-East Economist at Chase Manhattan Bank in New York and Director for the Middle East/Africa at the Institute of International Finance in Washington, DC.
Dr. David Knapp
Previously the head of the IEA's Oil Industry and Markets Division, with 30 years experience analyzing the energy sector in the international, government, business and financial sectors. Served as Energy Chief Economist and leader of the energy group for Brown Brothers and Harriman & Co for 11 years. Prior to that he worked at the US Federal Energy Information Administration and Department of Energy in Washington and the Chase Manhattan Bank in New York. Presently a member of the Energy Forum Advisory Board.
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