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Webinar: Oil Price Fluctuations: Impact and Implications for the UAE and the transformation towards renewables

08.04.2020  15:57


Understand how the low oil price regime is impacting the UAE, the reason for the price drop, and its wider effects on the green transformation in the oil exporting region. 

Join our webinar on April 20th at 1pm UAE/11am DK

With the OPEC+ production cut agreement being dropped on the floor, the following announcements on immediate production increase from the Gulf (GCC), and immidiate response from Russia, surprised most analysts and the wider business community. Moreover, demand is at an unprecedented low, due to the global COVID-19 pandemic. The result has been that Brent and WTI, on March 8th, have had the biggest drop since 1991, and have traded in the 20-35 USD range since. This low cost scenario has a major impact on the UAE, and wider GCC economy, and therefore the Danish Trade Council in MENA would like to invite you to join this webinar to understand the short-term impacts and remedies introduced.

We will review
- Macro-economic and political background and current environment
- Impact on renewable projects and green transformation - Challenges and opportunities
- Potential effects for Danish companies active in the region

The webinar will take place on April 20th at 1pm UAE/11am DK (CET). You can register for the webinar by using this link: https://zoom.us/webinar/register/WN_PCjhveRLRU6w3zZZTieLFw


The agenda for the webinar is as follows:

13:00 Welcome
Jonas Bruntse - Senior Commercial Advisor, Energy & Maritime

13:05 Macroeconomics and Politics
Franz-Michael S. Mellbin - Ambassador
- Background and status on the UAE, and GCC, strategy and purpose for increasing production
- UAE macroeconomic consequences (break-even budgets, COVID-19 aid packages and reform process)
- What to expect next - pockets of opportunity
- Q&A

13:25 Implications for renewables and wider energy transformation
Analyst - International Renewable Energy Agency (IRENA)
- Low oil price scenario - how do we see countries, projects and companies reacting
- Change in power market, UAE and GCC renewables pipeline
- Financing and other factors to consider

13:40 Market reactions in the renewables space
Founder & CEO, Jeremy Crane - Yellow Door Energy
- Current reactions by market participants
- Outlook for RE developers in the region


Questions
If you have any questions regarding the webinar, please do not hesitate to contact Senior Commercial Advisor Jonas Bruntse at jonani@um.dk or +971 56 533 7562. 


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