On March 27, at 10:00, the Valdai Discussion Club hosted an online discussion, titled: “Oil Wars: A Zero-Sum Game.”
March has been marked by a series of shocks in the oil market. After the collapse of the OPEC+ deal, oil prices fell to historic lows. The main oil exporters faced serious challenges and entered into fierce competition for the market. This situation has created serious uncertainty, which has exacerbated problems for countries that are already struggling with strict US sanctions – Iran and Venezuela.
What strategies will be chosen by the key players – Russia, Saudi Arabia and the USA? Is it possible that US sanctions will be used against the Russian oil sector? What are the prospects for US companies engaged in the production of shale oil? What are the best strategies for Russia in the current environment?
Pavel Sorokin, Deputy Minister of Energy of the Russian Federation
Konstantin Simonov, Director General of the National Energy Security Fund, Prorector of the Financial University under the Government of the Russian Federation;
Omar Al-Ubaydli, Director of Research at the Bahrain Center for Strategic, International, and Energy Studies (Derasat) (via videolink);
Marc-Antoine Eyl-Mazzega, director of Ifri's Centre for Energy (via videolink);
Abbas Maleki, Associate Professor, Department of Energy Policy, Sharif University of Technology in Tehran (via videolink).
Working languages: Russian, English.