Each June BP publishes the annual data that has been collected on the world’s energy markets, to assess what has happened this last year and how last year’s experience relates to longer-term trends. The Review provides an objective global overview of energy production, consumption, trade, reserves and prices. The aim is to understand both the forces behind today’s headlines as well as the underlying trends that are shaping the new energy landscape.
2017 saw record growth in solar capacity, ‘OPEC plus’ production cuts and a surge in Chinese gas demand. How are these developments affecting global energy markets and what are the implications for the energy transition?
To find out more, please join Bob Dudley, group chief executive, and Spencer Dale, group chief economist, at this year’s launch of the BP Statistical Review of World Energy.
Spencer Dale manages BP’s global economics team, providing economic input into the firm’s commercial decisions. He joined BP as group chief economist in October 2014. Prior to that, he was executive director for financial stability at the Bank of England and a member of the Financial Policy Committee. Between 2008 and 2014, Spencer was chief economist of the Bank of England and a member of the Monetary Policy Committee. Spencer joined the Bank of England in 1989 and served in numerous roles, including private secretary to Mervyn King and head of economic forecasting. Spencer served as a senior advisor at the US Federal Reserve Board of Governors between 2006 and 2008.
2.00pm Registration and Coffee