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Dynamics of the Oil Price Cycle |
‘Oil prices have witnessed high volatility during the past few years and have risen by over 50 dollars per barrel during the past two years’, said Shri Suresh Mathur, Director, GSPC and former Managing Director, Petronet LNG Limited while chairing a guest lecture by Mr. James Burkhard, Managing Director of the Global Oil Group of IHS CERA, USA at New Delhi on February 14, 2011.
Mr. Burkhard, in PetroFed’s series of Guest Lectures and Thought Leadership Programmes, dwelt on ‘Shorts & Longs: Dynamics of the Oil Price Cycle'.
He brought out that oil prices are cyclic in nature. It is easy to identify their dynamics in hindsight but difficult to recognise where we are in a current cycle and when it will end.
The highly interactive lecture was followed by an intense Q&A session, which debated the entire gamut of the future of oil & gas growth, availability and pricing.
Click here to view bio-data and presentation
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Session Chairman, Mr. Suresh Mathur, Director, GSPC and former Managing Director, Petronet LNG (L) being greeted with a bouquet of flowers by Mr. A. K. Arora, Director General, PetroFed. |
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Mr. James Burkhard, Managing Director, Global Oil Group, IHS CERA, USA (L) being welcomed by Session Chairman, Mr. Suresh Mathur.
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Session Chairman, Mr. Suresh Mathur (centre) delivering opening remarks. Others (L-R): Mr. James Burkhard, Managing Director, Global Oil Group, IHS CERA, USA ; Mr. A. K. Arora, Director General, PetroFed.
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Mr. James Burkhard making his presentation.
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Session Chairman, Mr. Suresh Mathur raising a query.
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A section of the participants.
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Mr. Paul Kleijnen, CEO, ExxonMobil (Gas) India Pvt. Ltd. raising a query during Open Session.
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Mr. Burkhard replying to a query.
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Mr. A. K. Arora, Director General, PetroFed proposing vote of thanks.
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Mr. A. K. Arora presenting a memento to Mr. James Burkhard.
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