Mark Finley. Northern Gas Pipelines file photo by Dave Harbour

BP’s Market Expert Returns to Alaska This Month For Much Anticipated Global Energy Review

BP’s General Manager of Global Energy Markets, Mark Finley, will be briefing Alaskans again this month on the company’s outlook for energy markets.  We’ve attended his appearances over the years and encourage readers to hear Mark’s review at one of his appearances.   Also ref: Finley: Calgary Herald, 6-29-16here on 6-21-12, and in 2016, LNG.   Scroll down for this year’s review!  -dh


“Make it Monday” forum – Statistical Review of World Energy

Name: “Make it Monday” forum – Statistical Review of World Energy
Date: June 26, 2017
Time: 12:00 PM1:00 PM AKDT
Event Description:

For 65 years, the BP Statistical Review of World Energy has provided high-quality objective and globally consistent data on world energy markets. The review is one of the most widely respected and authoritative publications in the field of energy economics used for reference by the media, academia, world governments and energy companies. A new edition is published every June.

Mark Finley is General Manager, Global Energy Markets and US Economics at BP. In addition to analyzing the economics and politics of the world oil market, he has produced market assessments for natural gas and carbon. He leads the annual production of the BP Statistical Review of World Energy (now in its 65th year), and he regularly presents BP’s views on global energy markets to external audiences. Mr. Finley has over 30 years of private- and public-sector experience as an energy economist. He joined BP’s Economics Team in 2001 and has worked in Washington DC and London.

Mr. Finley has served as Chair of the US Conference of Business Economists as well as the American Petroleum Institute’s Committee on Economics and Statistics.  He also has served as Vice President of the International Association of Energy Economics and was a 2013 Senior Fellow of the US Association for Energy Economics (Note right column). He sits on the external advisory board of the University of Michigan Energy Institute and is an elected member of the Council on Foreign Relations. He is a Phi Beta Kappa graduate of the University of Michigan (Economics), and holds graduate degrees from Northwestern University (Economics) and the George Washington University (Finance).


To prepare for these meetings, below is a preview of the 2017 Report

Here’s the complete report;  Here is a Petroleum News Alaska report.

Energy markets in transition: BP Statistical Review shows long-term shifts underway:

  • Strong oil demand and weaker supply growth rebalance oil markets; inventories continue to weigh on oil prices
  • Energy mix shifting; rising renewable energy offsetting steep falls in coal use
  • Carbon emissions flat for third year, driven by weak energy demand and cleaner energy mix

The 2017 edition of the BP Statistical Review of World Energy, published today, shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges.  Data published in the Review – the 66th annual edition – clearly demonstrate the long-term transitions now underway in the markets, with a shift to slower growth in global energy demand, demand moving strongly towards the fast-growing developing economies of Asia, and a marked shift towards lower carbon fuels as renewable energy continues to grow strongly and coal use falls.  At the same time, energy markets are adjusting effectively to nearer-term challenges, with the oil market in particular adjusting in 2016 to the oversupply that has dominated the market in recent years.  Introducing the Review, Bob Dudley, BP Group Chief Executive, said: “Global energy markets are in transition. The longer-term trends we can see in this data are changing the patterns of demand and the mix of supply as the world works to meet the challenge of supplying the energy it needs while also reducing carbon emissions. At the same time markets are responding to shorter-run run factors, most notably the oversupply that has weighed on oil prices for the past three years.  “To understand these forces at work and their implications for the future, we need timely, reliable data. This is why we produce the Statistical Review – to provide the accurate global information that will contribute to discussion, debate and informed decision-making around the world.”

For those following Alaskan economic issues:

Roger Marks, Senior Oil and Gas Economist. Northern Gas Pipelines file photo by Dave Harbour

Here is the link to an important economic event occurring WAY BACK in 2013.

The International Association of Energy Economists hosted that 2013 annual meeting in Anchorage, organized by retired Alaska Senior Oil & Gas Economist Roger Marks.

The event featured Mark Finley (column left) along with major, Alaska energy economic analysts.  The IAEE was hosted by our own Alaska Association of Energy Economists (AAEE), a great tribute to that small group of economic scientists dedicated to providing Alaskans and their decision makers with the best possible counsel on economic matters affecting the state.

The AAEE, following that 2013 achievement is now seeking to revitalize its organization.  Members typically included interested citizens as well as professional economists and financial analysts representing Alaska’s government, banks, energy companies and professionals within the Institute of Social and Economic Research, University of Alaska – Anchorage.

The group has traditionally gathered at the BP Energy Center and hopes to  commence its monthly meeting schedule again in the Fall.   Interested readers may contact us (webmaster@northerngaspipelines.com) for more information.  -dh