- 25 Jun 2015
SBF MENA Insight Series: “Declining Oil Prices and Their Impact on Singapore and Companies”
Abstract
In November 2014, the Organization of the Petroleum Exporting Countries (OPEC) decided to let market forces determine the price of oil. This caused oil prices to spiral downwards to under USD50 per barrel, the lowest since 2009. Today, the price of crudehovers at the USD60 mark, well under the high of almost USD115 per barrel in June 2014. Despite the low price and rising crude stocks, OPEC countries do not appear to have any plans to reduce production in the months ahead. What will happen next, and what do these new prices mean for Singaporean companies?
The Singapore Business Federation, the Energy Studies Institute and the Middle East Institute jointly invite Singapore businesses to our MENA Insight series to learn about the recent trends and developments in the oil market and what they mean forSingapore companies. Our team of presenters will prepare companies for changes in this market through insights about the energy market (especially oil andgas), energy security and prospects for the oil & gas sector in the ASEAN and regional economies.
About the Speakers
Vice Chairman
Singapore Business Federation
Middle East Business Group
Ambassador Shabbir Hassanbhai
Vice Chairman of Singapore Business Federation and Middle East Business Group
Editorial Director (Asia and Middle East Oil)
Platts
Mr Jonty Rushforth
Editorial Director (Asia and Middle East Oil) at Platts
Managing Director
Enerdata
Mr Antonio Della Pelle
Managing Director of Enerdata
Chief Executive Officer
MTQ Corporation Limited
Mr Kuah Boon Wee
Chief Executive Officer of MTQ Corporation Limited
Senior Fellow & Head (Energy and Environment)
@ Energy Studies Institute
Research Affiliate @ Middle East Institute
Dr Elspeth Thomson
Senior Fellow & Head (Energy and Environment) at the Energy Studies Institute and Research Affiliate at the Middle East Institute (MEI)
