On February 28 — March 1, the Valdai Club, with the support of the Institute of Oriental Studies of the Russian Academy of Sciences, held the 12thMiddle East Conference. During the fourth session, experts talked about how key energy trends look like and how stable they are in the context of the crisis.
Watch the 4th session also in Russian and Arabic.
10:30–12:00 Session 4. Key Energy Trends: OPEC+, Russia’s Role, Reformatting the Global Market
The West’s economic war against Russia is stimulating a repartition of the global energy market. An attempt to introduce non-market mechanisms to regulate energy prices is met with a harsh reaction from all producing countries. While the US is focusing on forcing Russia out of the European market, the Asian states are becoming the main source of demand. This is where the interests of Moscow and the OPEC+ states coincide. What do the main trends in global energy look like and how sustainable are they in crisis conditions? How likely are dramatic changes in the global market structure, such as its actual fragmentation by suppliers and consumers?
Read the Programme for details.