In some years it feels a little trite to promise that things will be interesting volatile and full of surprise, and then there is this year. Just a week or two into it and already it is all that and more. So we look forward to our annual oil price outlook discussion. Here are a few of the many issues we aim to explore this year:
• Supply and demand balances look very over-supplied, how over-supplied are they and could things improve sooner than most seem to think?
• If last year was a year of large supply growth dominating another middling demand performance; what is more likely to drive the oil fundamentals narrative this year, supply or demand?
• Perhaps related, could the global macro turn into a sustained tailwind for global oil (and energy) demand beyond most expectations … or,
• Will this be another year of deep uncertainty and unease and disturbingly slow growth in too many places?
• And what of that uncertainty, what oil and energy related geo-political crises could roil markets or endure longer still?
Once again, we cannot promise you a foolproof forecast, but will promise you valuable, thoughtful insights and entertaining debate.
This session will be in person in New York. ADVANCE REGISTRATION IS REQUIRED AS SPACE IS LIMITED.
We also ask you to participate in our annual price-outlook survey. Please submit your price estimates here. See link for our 2025 survey results.
SPEAKERS
Gary Ross
Gary Ross is Founder of PIRA, an international energy consulting firm retained by some 550 companies/governments in more than sixty countries around the world which was formed in 1976 and acquired by S&P Global in 2016. Dr. Ross spent roughly two years at S&P Global Platts as Head of Global Oil Analytics and Chief Energy Economist and is currently the CEO of Black Gold Investors LLC, a family investment company. Dr. Ross is a leading authority on worldwide energy markets. He led PIRA from its inception, building it into one of the most important firms in energy market analysis. He was responsible for short- and long-term oil market forecasts, overseeing all of the group’s published research. He is renowned for his accurate projections of major oil market price moves. He advised many governments on energy markets and energy policy issues, and is a member of the Council on Foreign Relations.
Dr. Ross holds a Ph.D. in economics from the City University of New York.
Michelle Brouhard
Michelle Brouhard is an energy and geopolitics professional with more than 20 years of experience across global oil, natural gas, and power markets. Her work sits at the intersection of public policy and financial markets, where she has translated geopolitical and regulatory risk into investment strategy, portfolio construction, and risk management.
She recently completed a Master’s in Global Policy at Johns Hopkins University’s School of Advanced International Studies, where her work focused on energy security, climate policy, and economic competitiveness within the Energy Trilemma framework.
Michelle was named one of the 50 Leading Women in Hedge Funds by The Hedge Fund Journal and EY and is a member of the Economic Club of New York. She serves on the board of Hope for New York, co-founded the Refugee Action Fund, and sits on the National Leadership Council for World Vision.
Additional speaker to be announced.
MODERATOR
Jan Stuart
Johannes (Jan) Stuart is a Global Energy Strategist and MD in Equities Research at Piper Sandler. A self-described energy-geek and student of War, Stuart and his team take a micro-fundamentals approach to the analysis and forecasting of the whole spectrum of energy. They don’t usually side with consensus. Before joining Piper Sandler in 2017, Jan spent another 12 years in sell-side research building leading energy-macro franchises at Credit Suisse, Macquarie, UBS; and as a desk analyst at ABN-Amro. He was a journalist for much of the 1990s and started his career at the International Energy Agency in Paris. Mr. Stuart earned a BA in International Affairs from the American University in Paris; an MA in the same field from Boston University; and an MSc in Journalism from Columbia University in New York.
PROGRAM
5:00 - 5:30 PM: Registration
5:30 - 7:00 PM: Presentation and Discussion
7:00 - 7:30 PM: Reception
COST
Registration is required for all attendees. An admission fee is required for in-person attendees as listed below:
$45.00 for General Admission
$12.00 for Academic/Military
$0.00 for Energy Forum Sponsors
$0.00 for Paid Subscribers
QUESTIONS
We would be pleased to answer any questions you might have about The Energy Forum, Inc. or about this session. For updates, follow us on twitter @NYEnergyForum