Oil and Geopolitics:Understanding the Altered Context

Endast inbjudna
Teija Tiilikainen / Photo: Alvar Aalto-Setälä Teija Tiilikainen / Photo: Alvar Aalto-Setälä
Paul Stevens / Photo: Alvar Aalto-Setälä Paul Stevens / Photo: Alvar Aalto-Setälä
Sergey Paltsev / Photo: Alvar Aalto-Setälä Sergey Paltsev / Photo: Alvar Aalto-Setälä
Anselm Eisentraut / Photo: Alvar Aalto-Setälä Anselm Eisentraut / Photo: Alvar Aalto-Setälä
Lauri Muranen / Photo: Alvar Aalto-Setälä Lauri Muranen / Photo: Alvar Aalto-Setälä

Ons 8.3.2017 kl. 9:00-11:00
Auditorium of the Parliament
Arkadiankatu 3, Helsinki

Only five years ago, a barrel of crude oil traded typically between 80 and 110 dollars per barrel, and this was considered a relatively stable condition. Then in late 2014, the prices plunged as a result of the shale revolution. The recovery that many predicted has not materialised. The sharp and sustained decline in the oil price has had some major policy implications around the globe - especially in major producing countries such as Russia, Venezuela and the United States. Recently, the new Trump administration has been flirting with isolationist and protectionist ideas, causing further uncertainty to oil markets and geopolitical calculations alike. In the meantime, OPEC is once again pursuing efforts to limit the global oil output. How will the new normal affect the power relations in the Middle East? What kind of policies will the new US administration pursue, and can the US keep up its unconventional oil production under continuous low prices?

Opening remarks:

Teija Tiilikainen, Director, the Finnish Institute of International Affairs


Keynote addresses:

The New Geopolitics of Oil
Paul Stevens, Distinguished Fellow, Chatham House


Energy and the New U.S. Administration
Sergey Paltsev, Deputy Director, Senior Research Scientist, Massachusetts Institute of Technology


Comments: Anselm Eisentraut, Senior Analyst, Neste Oil


Chair: Lauri Muranen, WEC Finland


For further information, please contact: Marie-Louise Hindsberg, Tel. +358 9 432 7712, marie-louise.hindsbergfiia.fi