Norwegian Business Association Singapore (NBAS), hosted a breakfast seminar with Statoil on 30 October at Fullerton Hotel. Eirik Wærness (Chief Economist and VP) and Olav Kolbeinstveit (Head of Market Analysis) captivated the audience on the current market situation and what may lie ahead in the future.
The speakers gave their insights on the topics: Short Term Pain – Long Term Gain? Is the current market situation sustainable? Oil and gas are here to stay!
Statoil’s Wærness and Kolbeinstveit explore the underlying factors behind the current low prices in oil and gas markets, including:
- Drivers for short-term change on the supply and demand side, focusing on shale oil and gas development, geopolitics, Opec strategy, Russia, LNG etc.
- Key uncertainties going forward
- Long-term demand for oil and gas in different scenarios for global energy developments