Oil and Gas Industry: A Global Perspective

The broad expanse of the Atlantic and Pacific oceans does not completely insulate the North American petroleum industry from the vagaries of international market forces. Indeed, free and plentiful imports of foreign crudes by the US have opened our market borders to competitive influences from overseas. West Texas Intermediate (WTI), the reference crude for North America to which Canadian producer netbacks are linked, is itself inexorably tied to crude prices in the Middle East and North Sea. Expected LNG imports into the US could affect Canadian exports and subject shielded continental natural gas prices to the dynamics of market forces from abroad.

If your objective is to broaden your "watch" on the North American and Canadian petroleum industry beyond our shores with an improved understanding of the global perspective including supply/demand, the role of OPEC, and uncertainties of geopolitical events, then this 2-day course is a "must-attend." It also complements active and ongoing analysis of global markets by CERI that includes monthly publication of the highly regarded Geopolitics of Energy, and regular updates of global industry outlook contained in the Institute's World Oil Quarterly and Crude Oil Market Alert.