Full Description
The oil industry is set to change dramatically over the next decade with oil consumption needing to drop substantially to achieve the goals of the Paris Agreement. Yet oil will be needed for many more years and oil markets will continue to be important.
This book explores the impact of the energy transition on oil markets and the ways in which the producing countries, companies, crude oil values and benchmarks may change. It sets out the ways in which changes to the oil markets and prices resulting from the energy transition can be mitigated and managed, and will be relevant to professionals working within oil markets and policymakers interested in the energy transition.
Contents
Chapter 1: Introduction.- Chapter 2: International oil markets and the need for accelerated decarbonisation.- Chapter 3: How much oil shall we need anyway?.- Chapter 4: Will the need for energy security derail the energy transition?.- Chapter 5: OPEC+ and energy transition.- Chapter 6: Is Europe the energy transition leader?.- Chapter 7: The US oil industry, markets and energy transition.- Chapter 8: China, oil markets and energy transition.- Chapter 9: International prices and price discovery under stress.- Chapter 10: New landscape and oil price benchmarks.- Chapter 11: Epilogue.
