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24th Middle East Petroleum Insiders (MPI) 2017


A strategic vision of the Middle East/Gulf’s upstream and downstream oil markets.

The dramatic fall in oil prices created a new set of dynamics in the global oil market, generating a range of fundamental questions for developments in the Middle East and beyond. Reduced revenue is clearly impacting economies of the region, but how will regional demand be affected, or the investment plans for new local refineries? How will the Middle East’s crude and products export markets fare in this environment? Will China’s oil demand growth pick up again, or will the recent upsurge in China’s products exports continue? What is the likely impact of the recent improvement in prices on oil production outside the Middle East? Can this higher price level be sustained by the recent switch to output constraint policies by key producers?

These issues will all be addressed at the 24th Middle East Petroleum Insiders Briefing which provides a unique, authoritative, and up-to-date perspective on the regional and global implications of the new low oil price world.

Last year’s event focused on the anticipated persistent low level of oil prices; this year, we will be assessing whether key producers’ attempts to push up prices will stick. Both the up and downstream will be covered, covering detailed regional perspectives on production, oil demand, refining capacity and utilization, with the implications for the Middle East’s role in the rapidly-changing landscape of international products trade.

 

MPI will be taking place during the Middle East Petroleum and Gas Conference 2017 week of events. FGE's Middle East Gas Insiders (MGI) Briefing will be taking place on May 3-4, 2017.

Agenda

  • Day 1: AM Sessions
    Agenda April 29, A.M

    Session 1: Key Issues Confronting the Global Oil & Gas Markets

    • Dr. Fesharaki shares his views on the key issues confronting the global oil and gas business.

     

    Session 2: Oil Market Outlook

    • Will the current attempts to support/raise oil prices be successful? When could there be sustained price recovery?
    • Supply-side impact: How quickly could non-OPEC supply respond to higher oil prices?
    • Demand-side impact: Will the previous demand stimulus from low prices now be constrained and why?
    • Who are the main winners and losers if prices recover further?
    • Is there a supply shock down the road due to recent low prices, or will there be a persistent oil market surplus?

     

    Session 3: Global Oil Supply

    • Will the latest attempts to restrain oil output be successful?
    • How responsive is US tight oil production?
    • What are the longer-term prospects for non-OPEC production in a continued low-price world?
    • How will this change global market dynamics and crude oil trade patterns?
  • Day 1: PM Sessions
    Agenda April 29, P.M

    Session 4: Deep Dive on Asia: Major Changes and Challenges Ahead

    • Asian demand outlook: Following the recent burst, steady but slower growth ahead. What are the key drivers and uncertainties?
    • Refinery capacity: Additions and closures—a glimpse of a silver lining on the horizon?
    • Products balances: Balances of light products set to become tighter? IMO mandate to alleviate gasoil surplus?
    • What are the potential pressure points? Refining margins gain better ground?

     

    China Brief

    • Changing government role in energy. Further surprises ahead?
    • Outlook for oil products demand and SPRs?
    • Domestic refining surplus reshaping investment strategies? More project delays and cancellations?
    • New horizons for teapot refineries? Will a level playing field be set soon?
    • Changing dynamics with the increase in product export quotas? Significant rise in exports down the road?

     

    Japan Brief

    • Lower oil prices did little to arrest demand decline.
    • Update on METI Ordinance II pushing capacity closures. Will METI issue Ordinance III?
    • Impact of industry consolidation? Expected outcome of the two mega-mergers.

     

    India Brief

    • India’s oil demand setting on a strong and steady growth path?
    • Refining sector: Expansions and upgrades underway. Are state refiners considering building new refineries?
    • Will rising demand keep a lid on future product exports?

     

    Other Major Players

    • Korea: Maintaining high runs?
    • Indonesia, Thailand, and Malaysia: Shifting priorities?
    • Australia and Vietnam: Changing crude and product imports.
  • Day 2: AM Sessions
    Agenda April 30, A.M

    Session 5: West of Suez Refining & Products Trade: Implications for East of Suez Markets

    • Have US refining dynamics changed again?
    • Will US crude exports have an impact?
    • Latin America & Africa: Will the slowdown in refining capacity additions open up new trading opportunities from other regions?
    • What is the outlook for Russian products exports?
    • Changing patterns of Atlantic Basin products trade: Is European refining still under siege?

     

    Session 6: Middle East

    • Prospects for Iraqi crude output: Is the government struggling to meet its targets?
    • Outlook for Middle East oil demand: Are subsidy policy changes shifting trends?
    • Who is building what refining capacity and why?
    • Middle East refining expansions and growing products exports: Heading east or west?
  • Day 2: PM Sessions
    Agenda April 30, P.M

    Session 7: Special Focus on Iran

    • Sanctions—What’s next? Can crude output keep rising?
    • Crude exports—Where is Iran targeting and what’s the next frontier?
    • Gasoline—Will Iran become a net exporter?
    • Fuel oil—Where will the surplus go?
    • SIRAF condensate splitting project—Is it feasible?

     

    Session 8: The Outlook for LPG and Condensate

    • How will recent price shifts impact US production and exports?
    • How will US exports impact the Asian LPG market?
    • New splitters and Iranian supplies—Which will drive the market?

     

    Session 9: Conclusions: Challenges and Opportunities

    • How are changing prices and strategies impacting different industry players?
    • Where are the opportunities?
    • What are the key sensitivities and potential alternative scenarios?

Meet our Speakers

Ff Website
Dr. Fereidun Fesharaki
Chairman, FGE

Dr. Fereidun Fesharaki is the Founder and Chairman of FGE. FGE is a leading consulting group focusing on the oil and gas markets East of the Suez, Europe, and the United States, with offices in London, Singapore, Tokyo, Beijing, Tehran, Dubai, Honolulu, California, and Mumbai. 


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Jeff Brown Website
Dr. Jeff Brown
President, FGE

Dr. Jeff Brown, as President, leads FGE’s oil and gas consulting teams. He is based at our Asian headquarters in Singapore, working closely with FGE consultants in Europe, the Middle East, and North America.


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Michael Barry Website
Mr. Michael Barry
Research Director, FGE London

Michael Barry has over 30 years of experience in oil/energy consultancy. He graduated with an M.A. in Economics from Cambridge University in 1978 and was employed as an economic report writer for Lloyds Bank, before spending 10 years at Petroleum Economics Ltd (PEL) where he was responsible for short-term oil and energy market analysis.


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FAQs

  • How do I register for this event?

    You can register for this event in one of two ways:

      1. Complete the registration form on the back of the brochure and email it to events@fgenergy.com
      2. Complete the online registration form

     

  • Are FGE clients entitled to a discount on registration fees?

    Yes, FGE clients are entitled to a discount on registration fees. Further details of such discounts can be found in the 'Registration Fees' section or the brochure.

  • Are members of the press/media allowed to attend?

    Unfortunately, members of the press/media are not allowed to attend FGE briefings. If there is anything specific you would like to discuss with FGE, including insights on market developments, please contact marketing@fgenergy.com.

  • Will I receive a copy of the presentation files? If so, when?

    All attendees will have access to electronic copies (PDF) of the presentation materials. Details of how to access the materials will be provided to attendees one/two days before the event takes place. We advise attendees to take a tablet or laptop with them to our briefings, so they can access the materials there and then.

Event Details


  Where & When

Grand Hyatt Dubai,
P.O. Box 7978,
Dubai, UAE


 +971 4 317 1234

 www.dubai.grand.hyatt.com


Date: April 29-30, 2017

  Registration Fees

FGE Clients: (use promo code fgempi162 when registering online)

Early Bird Fee - $2,900*
Full Fee - $3,300
Team Fee - $3,000**

Non-Clients:

Early Bird Fee - $3,200*
Full Fee - $3,900
Team Fee - $3,300** 

MPI Joint Attendance with MPGC:

Non-FGE Clients - $3,600***

 

* Early Bird Discounts available until 5th March 2017.
**Team Discounts 
available for second & subsequent delegate from the same company with the same billing address after 5th March 2017.
*** Only for non-FGE Clients

Fees are in USD.


Register Online >
  Organiser Details

This event is organised by:

Conference Connection Pte Ltd
135 Middle Road,
#05-01 Bylands Building,
Singapore 188975


 +65 6338 0064

 www.cconnection.org

Further Information

If you require additional information on this or any FGE service, including requesting a trial, or you would like to discuss ways in which FGE can assist you further, please contact our sales & marketing team:


FGE London

+44 (0) 20 7726 9570

FGE Singapore

+65 6222 0045