With ongoing uncertainty about demand recovery due to the Covid-19 pandemic and new supplies from Libya and potentially Iran, OPEC+ faces challenges and tough decisions as it approaches the third phase of its supply cuts in January 2021. The third phase calls for a further adjustment in collective supply cuts of 7.7 million barrels per day to 5.8 million barrels per day. This comes as compensation cuts for quota violations by some participating countries still remain an issue.
Please join us in this session to explore the next steps for OPEC+ as we approach the ministerial meeting on November 30 and December 1 and the oil market implications. Our speakers are Helima Croft, Managing Director and Global Head of Commodity Strategy at RBC Capital Markets, and Robert McNally, founder and President of Rapidan Energy Group. Our board member, Carolyn Kissane, who serves as Academic Director of the graduate program in Global Affairs at New York University's Center for Global Affairs, will moderate the discussion.
This event will be a virtual session from 12:00 until 1:30 PM hosted by the Consulate General of Canada in New York. Additional details will be provided to registered attendees prior to the session.
Helima is a Managing Director and the Head of Global Commodity Strategy and Middle East and North Africa (MENA) Research at RBC Capital Markets. She specializes in geopolitics and energy, leading a team of commodity strategists that cover energy, metals and cross-commodity investor activity. Helima is a member of the National Petroleum Council, a select group of individuals who advise, inform and make recommendations to the Secretary of Energy with respect to any matter relating to oil and natural gas. She also is a CNBC contributor, a member of the channel’s exclusive family of experts, is on the Board of Directors for the Atlantic Council, is a member of the Trilateral Commission, and is a Life Member of the Council on Foreign Relations. Helima joined RBC Capital Markets from Barclays, where she was a Managing Director and Head of North American Commodities Research. Prior to that, she worked in Lehman’s Business Intelligence group, the Council on Foreign Relations and the Central Intelligence Agency, where she focused on geopolitics and commodities. Helima has received many industry accolades throughout her career and received her PhD in economic history from Princeton in 2001.
Robert McNally is the founder and President of Rapidan Energy Group, an independent energy consulting and market advisory firm based in the Washington DC area. He has over 29 years of government and market experience as an international energy consultant, senior White House policy official, and hedge fund strategist. His expertise spans government, economic, security, and environmental sectors. He is the author of the acclaimed and award-winning book Crude Volatility: The History and the Future of Boom-Bust Oil Prices (Columbia University Press, 2017). Robert has testified before Congress on energy markets and national security, published on energy in Foreign Affairs (co-authored with Michael Levi), and has been interviewed by CNN, The Economist, NPR, Financial Times, Washington Post, New York Times, PBS’ Great Decisions in Foreign Policy series, Bloomberg News, and other leading journals and programs. He is a Member of the National Petroleum Council and is a non-resident fellow at the Columbia University Center on Global Energy Policy. From 2001 to 2003, he served as the top international and domestic energy advisor on the White House staff, holding the posts of Special Assistant to the President on the National Economic Council and, in 2003, Senior Director for International Energy on the National Security Council. He started his professional career as an oil market analyst and for 12 years analyzed energy markets, macroeconomic policy, and geopolitics for portfolio managers at Tudor Investment Corporation. Robert earned his B.A./B.S. in Political Science and International Relations from American University and his M.A. in International Economics and Foreign Policy from Johns Hopkins School of Advanced International Studies (SAIS).
Carolyn Kissane serves as the Academic Director of the graduate program in Global Affairs at New York University's Center for Global Affairs. She is a Clinical Professor where she teaches graduate level courses examining the geopolitics of energy, comparative energy politics, energy, environment and resource security, a regional course focusing on Central Asia.
Dr. Kissane is Coordinator of the Energy and Environmental Policy concentration at the Center and is faculty adviser to the Energy Policy International Club (EPIC). She was awarded the esteemed NYU Excellence in Teaching Award in 2007, the SCPS Award for Teaching Excellence in 2009, and nominated for the NYU-wide Distinguished Teaching Award in 2008, 2009, 2016 and 2018. She is a recipient of the Graduate Enhancement Area and Language Studies Award, Fulbright-Hayes Dissertation Award, IREX Grants, NYU Curricular Development Challenge Fund Grant, and NYU Dean's Research Grant.
She was named Breaking Energy's Top Ten New York Women in Energy and Top Ten Energy Communicator. She hosts Fueling our Future, an energy series she moderates which bring in energy and environment experts for conversation and debate. She also serves on the boards of the NYU Tandon Clean Start Advisory Board, CIV-Lab, and Art for Refugees in Transition. Dr. Kissane received her Ph.D. from Columbia University.
12:00 - 1:30 PM: Presentation and Discussion
This session is complimentary for all registrants. Registration is required for event link details.
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