12 September 2024
Industry Insight: Oil demand outlook and shifts in the global energy mix
This week, thousands gathered at the Asia Pacific Petroleum Conference (APPEC) in Singapore to talk oil and the broader market, with China’s slowdown and the structural shifts in the global energy mix taking the spotlight. APPEC is the biggest Asian energy conference held annually in the city state, and is known as a cornerstone of the energy industry for the past 40 years. What are the major concerns surrounding the growing supply-demand imbalance, and the latest on decarbonisation? What role does Singapore play in alternative fuels? Chairman of APPEC 2024, Dave Ernsberger, who is Head of market reporting and trading solutions at S&P Global Commodity Insights, shares the key takeaways from the conference and more.

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Listen To His Previous Podcasts:

4 January 2022
What To Expect for Oil Markets Ahead of OPEC+'s First Meeting of 2022
OPEC+ is set to hold their first ministerial meeting on Tuesday, with many expecting the group's members to stick to plans of raising output by 400,000 barrels per day. JP Ong spoke to Dave Ernsberger, S&P Global Platts' Global Head of Pricing and Market Insight, ahead of OPEC+'s meeting about his outlook for the global oil markets.

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8 March 2021
Discussing OPEC+ Extending Output Cuts and the Attack on Saudi Arabia's Ras Tanura Terminal
Brent Crude breached 70 USD a barrel earlier this Monday, days after OPEC and friends decided to maintain current production cuts as is. But a drone attack on Saudi Arabia's Ras Tanura Export Terminal also roiled oil markets. Dave Ernsberger, Head of Pricing and Market Insight at S&P Global Platts, joined us on Prime Time to discuss how these two events are shaping crude oil markets, along with the group's overall outlook on where crude prices may be heading.

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7 December 2020
Market View: What OPEC+'s New Output Agreement Will Mean for Oil Markets
OPEC and friends agreed to raise output by 500,000 barrels per day starting in January, with the possibility of more increases in the coming months. But given signs of rising tensions between members, could future agreements prove even more difficult? Dave Ernsberger, Global Head of Commodities Pricing at S&P Global Platts, joined us on Prime Time to talk about what the deal means for crude markets, what the signs of discord may mean for OPEC's future, and if dwindling CAPEX and exploration plans mean that the golden age of oil is over.

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20 August 2020
Is the Worst Over for Crude Oil Markets?
Crude Futures began slipping in recent days on renewed concerns about the global economic slowdown, and also at a time when OPEC+ began easing some of the production cuts enacted to stabilize prices. Dave Ernsberger, Head of Commodities Pricing at S&P Global Platts, spoke to us about whether this is a risky move, what he makes of major oil producers scaling back exploration activities, and the role Chinese demand and falling US oil rigs play in the broader market landscape.

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30 April 2020
The State of Oil Ahead of OPEC+'s Planned Output Cuts
May 1 marks the day that OPEC+ initiates these massive output cuts of 9.7M barrels a day, in an effort to stabilize crude markets that have seen price wars, negative prices and a collapse in demand. Dave Ernsberger, Head of Pricing and Market Insight at S&P Global Platts, joined us to talk about Thursday's jump in oil prices, if hope is warranted for these oversupply fears to ease, and why OPEC and friends may have more incentives to comply with supply cuts now more than before.

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