OPEC's Exit Strategy

Register to watch the recordings from this complimentary webinar series hosted by Thomson Reuters Oil Research team.

Following the historic supply agreement between OPEC and non-OPEC producers struck during late 2016, the oil market has gradually tightened with global oil inventories in the OECD dropping below 3 billion barrels this year. An escalation in geopolitical tensions in the Middle East coupled with continued oil demand growth from non-OECD countries has propelled oil prices to almost $80 per barrel.

For the 2018 OPEC webinar series we hosted two live events, one on 6 June 2018 geared towards audiences in Europe, the Middle East, Africa and Asia-Pacific (EMEA/APAC) and one on 7 June 2018 geared towards audiences in the Americas (AMERS). You may now access both recordings.

Webinar information:

Webinar 1: Wednesday, 6 June 2018 (EMEA/APAC)

                          09:30 AM BST / 10:30 AM CEST / 12:30 PM GST / 04:30 PM SGT

Webinar 2: Thursday, 7 June 2018 (AMERS)

                          09:30 AM ET 

Duration: 1 hour

Thomson Reuters Oil Research team reviewed the latest developments in the oil market, including the impact of renewed U.S. sanctions on Iran, and implications for OPEC's strategy ahead of the upcoming policy meeting on 22 June 2018.


  • The potential impact of U.S. sanctions on Iran
  • OPEC exports and the effects on medium sour crude and condensate supply
  • The possible supply response from U.S. and Russian oil producers
  • Effectiveness of current and future OPEC policy and the consequences for the refining sector


Shakil Begg, Global Head of Oil Research, Thomson Reuters Oil Research

Shakil manages oil research globally, leading a group of 70 analysts across 5 locations. Joining Thomson Reuters in 2014, Shakil led the European team with a special focus on developing the department’s fundamental research, refining and trade flows analytics. He started his career at Centrica, progressing to become a Trading Analyst on the coal and power desk. Prior to joining Thomson Reuters, he was the Market Risk Associate Vice-President at Barclays Capital in London. 

He holds a MSc (Hons) degree in Commodities and Finance from Birkbeck, University of London.

Joshua Starnes, Director of Oil Research-Americas, Thomson Reuters Oil Research

Joshua is the Director of Oil Research for the Americas at Thomson Reuters, working in the Supply Chain & Commodities Research group, where he is responsible for developing quantitative analysis and model-based projection methods covering both pricing and the entire supply and demand chain for the North American crude and refined products markets. Prior to joining Thomson Reuters in July 2013, he worked as a Market Reporter for Platts, initially covering the North American Natural Gas market before transitioning to Oil and Refined Products where he focused on both physical and derivative markets for middle and heavy distillates including diesel fuel and residual fuel oil, and the building and refining of models for fuel oil swap price valuation. While at Platts, Joshua also worked on the company’s internal software development group to develop new tools for the company’s price reporting and data handling needs.

Serkan Sahin, Manager of Oil Research-Europe and Africa, Thomson Reuters Oil Research

Serkan is the Manger for Europe and Africa within the Oil Research team at Thomson Reuters. Aside from managing operations in London, he is also focused on upstream oil modeling and forecasts, crude oil and products trade flows. He has 11 years of industry experience in upstream economics, fiscal modeling, petroleum engineering and oil products distribution. Prior to joining Thomson Reuters, he worked as an Upstream Analyst developing fiscal models for oil and gas assets focusing on the Middle East and North Africa and gained a deep understanding of the MENA region's upstream industry and oil investments. 

He holds a BSc in Petroleum and Natural Gas Engineering.

Capt. Ranjith Raja, Senior Analyst, Thomson Reuters Oil Research

Capt. Ranjith is a Senior Analyst at Thomson Reuters Oil Research where he covers oil markets in the Middle East and North Africa with a primary focus on oil flows and shipping data. Prior to joining Thomson Reuters, he was a Merchant Navy Officer for 14 years where he sailed with leading tanker owners on oil, chemical and gas tanker fleets. Following his sailing career, he managed commercial operations for an oil tanker fleet in West Africa.

He is a certified Master Mariner, holds a Bachelor's in Nautical Technology and an MBA from the University of Western Ontario.

Tom Kenison, Analyst, Thomson Reuters Oil Research

Tom is an Analyst at Thomson Reuters Oil Research where he covers oil markets in the Europe, the Middle East and Africa with a primary focus on upstream and swaps pricing. Prior to joining Thomson Reuters, he has three years of industry experience as a geologist working for an exploration and production company focused in the North Sea, Mexico and Brazil. 

He holds a MSc in Petroleum Geoscience from the Royal Holloway University and a BSc from the University of Birmingham in Environmental Geoscience.

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