6th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets
Vienna, Austria
The International Energy Agency (IEA), the International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) hosted the 6th Joint IEA-IEF-OPEC Workshop on the Interactions between Physical and Financial Energy Markets at the OPEC Secretariat in Vienna, Austria on 15 March 2018.
The high-level meeting was chaired by OPEC Secretary General, HE Mr Mohammad Sanusi Barkindo, together with HE Dr Sun Xiansheng, Secretary General of the IEF, and Mr Neil Atkinson, Head of the Oil Industry and Markets Division at the IEA. Discussions were structured into five sessions focusing on the following key topics:
- Recent oil market volatility
- Developments in oil market financing
- Emergence of blockchain technology
- Price formation and small crude streams
- Evolving crude trade flows
The Workshop is part of the trilateral work programme established by the IEA, IEF and OPEC, and endorsed by energy ministers at the 12th International Energy Forum in Cancún, Mexico, held in March 2010 and subsequent G20 meetings. The Joint Workshop represents the 8th event in this particular ongoing dialogue of the trilateral work programme that considers the evolving inter-linkages between physical and financial energy markets, and issues of common concern not typically addressed in other high-level fora.
To encourage open and informative discussions, the Workshop was held under the Chatham House Rule, with participation of key market participants on the financial and physical sides of the market. The next Joint Workshop is scheduled to take place on 19 March 2019.
Welcome and Opening Remarks
- HE Mr Mohammad Sanusi Barkindo, Secretary General, OPEC
- HE Dr Sun Xiansheng, Secretary General, IEF
- Mr Neil Atkinson, Head of the Oil Industry and Markets Division, IEA
Session I: Recent Oil Market Volatility
Moderated by Harry Tchilinguirian, BNP Paribas
Panellists:
Session II Developments in Oil Market Financing
Moderated by David Chang, Wellington Management
Panellists:
- Bob Brackett, Sandford C. Bernstein
- Doug Mackenzie, Citigroup
Session III: Financial Oil Market Technology
Moderated by Bill Farren-Price, Petroleum Policy Intelligence
Panellist:
Session IV: Price Formation for Small Crude Streams
Moderated by Antoine Halff, Columbia University
Panellists:
Session V: Evolving Crude Trade Flows
Moderated by Giovanni Serio, Vitol
Panellists:
Key Links
Previous Workshops
- Fifth IEA-IEF-OPEC Workshop on Physical and Financial Markets
15 March 2016, Vienna, Austria - Fourth IEA-IEF-OPEC Workshop on Physical and Financial Markets
31 March 2014, Vienna, Austria - Third IEA-IEF-OPEC Workshop on Physical and Financial Markets
21 March 2013, Vienna, Austria - Second IEA-IEF-OPEC Workshop on Physical and Financial Markets
29 November 2011, Vienna, Austria - First IEA-IEF-OPEC Workshop on Physical and Financial Markets
22-23 November 2010, London, UK