S&P Global Platts President Martin Fraenkel will present an updated forecast for the development of global energy markets until 2040 during a session hosted by S&P Global Platts, which will be held on 3 October as part of Russian Energy Week.
“S&P Global Platts has a wealth of experience in valuing global benchmark commodities and is the leading provider of analytical information on short-, medium-, and long-term trends on energy markets. The company’s analytical division, S&P Global Platts Analytics, provides unique data on the basic principles of supply and demand that give customers a deep understanding of market trends and risks. The assessment of fundamental market factors is supported by deep expert knowledge of geopolitical, macroeconomic, and technical issues”, Fraenkel said.
The S&P Global Platts presentation will offer an analysis of current processes and events that will affect energy markets in the coming years and will review a number of forecasts and trends.
In particular, one of the themes will be the global hydrocarbon market’s anticipated reaction in the short term to the decline in Iranian oil exports due to sanctions. Will markets see another price hike, or will producers (including Saudi Arabia, Russia, the U.S., and other countries) be able to provide additional supplies to compensate for the loss of production in Iran?
S&P Global Platts will also consider the main challenges for shipping companies and refineries due to the need to comply with the International Maritime Organization’s requirements to reduce sulphur in bunker fuel starting in 2020. How will the markets recalibrate, and what does this mean for crack spreads for petroleum products, oil refining margins, and crude oil differentials?
Another theme of the presentation will be the long-term trend for the development of electric transport. S&P Global Platts experts say that electric cars will take on an increasing share in the total number of new cars sold due to technological improvements and government incentives. How significant will the impact of this trend be on the demand for motor fuel in 5, 10, or 20 years? Does this pose a fundamental threat to the growth of global demand?
These and many other topics will be covered in the review presented by S&P Global Platts.