Middle East Petroleum Insiders- A 2 Day Executive briefing by FGE 2014

Middle East oil production continues to dominate the global oil market, but the impact of US oil production will create material change in the market. Already oil and condensate production associated with the shale gas revo-lution is almost two million barrels per day. This has had profound effects on the US market, and like ripples on a pond, the impact is spreading. Product supply patterns in the Atlantic Basin are changing and increasingly it is having an impact on oil supply arrangements. As oil production continues to rise, and shale gas related produc-tion occurs elsewhere in the world, OPEC production will be squeezed. What will be the impact on global trade and geopolitics as the US is increasingly delinked from ME supply? Simultaneously, Iraqi production and NGL pro-duction is rising. The portion supplied by traditional OPEC supply is shrinking. How will this play out? What will be the consequences if the “call” on Saudi falls? Concurrent with the changes in the oil market will be the conse-quence of the massive refinery investment programs of ME producers. Saudi Arabia, Kuwait, and the UAE will all commission world-scale refineries in their home countries plus have joint venture positions in Asian-based refin-eries. The impact on the supply of heavy oil into the market and change in refined product marketing arrange-ments will be pronounced.

Now in its 21st year, the annual Middle East Petroleum Insiders briefing offers authoritative and insightful analy-sis regarding the outlook for this crucial region. It will be an opportunity to hear from FGE personnel and discuss issues that are fundamental to how the oil markets evolve with industry leaders.