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Svein Harald Oygard shares his insights on the global economic outlook of oil at the Oil & Money Conference 2012
Svein Harald Oygard shares his insights on the global economic outlook of oil at the Oil & Money Conference 2012
Svein Harald Oygard shares his insights on the global economic outlook of oil at the Oil & Money Conference 2012
Svein Harald Oygard shares his insights on the global economic outlook of oil at the Oil & Money Conference 2012
Svein Harald Oygard shares his insights on the global economic outlook of oil at the Oil & Money Conference 2012
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Svein Harald Oygard shares his insights on the global economic outlook of oil at the Oil & Money Conference 2012

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At the 2012 Oil & Money Conference, energy elites heard insights from Mckinsey & Company's director, Svein Harald Oygard when he shared his opinions on the global economic outlook of oil as …

At the 2012 Oil & Money Conference, energy elites heard insights from Mckinsey & Company's director, Svein Harald Oygard when he shared his opinions on the global economic outlook of oil as well as the fact that China has been the main commodity industry growth driver. You can share his insights below by reading his presentation in full.

If you are interested in the global oil market, join us at Oil & Money Conference 2013 where you can join the session on 'The Global Short and Medium Term Oil Market Outlook' with speakers including Jan Stuart, Managing Director, Global Head Energy, Commodities Research, Credit Suisse, chaired by David Knapp, Director of Oil Markets Analysis, Energy Intelligence.

If you want to find out about this year's crucial issues facing the international energy sector, then join us at Oil & Money this October at the InterContinental London Park Lane. For more information visit www.oilandmoney.com

Published in: Business, Economy & Finance
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  • 1. | 1 -4 -3 -2 -1 0 1 2 3 4 5 6 7 8 9 Growth world demand % yoy 2020201020009080701965 SOURCE: BP Statistical Review of World Energy 2010; McKinsey Oil & Gas demand and supply model -8 -6 -4 -2 0 2 4 6 8 10 2020201020009080701965 -4 -2 0 2 4 6 8 10 202020102000801965 9070 Percent OECD BRIC and ROW WORLD IEA WEO 2010 NP Historical data Prolonged recession 0,5% The “Prolonged adjustment” scenario leads to a growth of 0,5% per year
  • 2. | 1,200 1,000 800 600 400 200 0 201020092008200720062005200420032002 1,725 3,137 1,579 2,669 1,816 2,404 1,967 3,000 2,800 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,812 1,882 1,399 1,756 1,084 1,655 904 1,516 722 1,488 586 USA Financial (Negative) China Financial (Positive) Real investments Source: The World Bank Investment levels; Bn USD per year China is ahead of the US 2 to 1 on investments 2
  • 3. | 42 GDP PPP terms 14 Oil 10 Coal 49 Iron Ore 57 Steel1 45 Copper 41 Aluminum 41 Source: WMBS Yearbook; McKinsey Iron Ore Demand Model; BP Statistical Review; EIA; IMF Share of global consumption; Share of world GDP at PPP terms; Percent; 2011, 2010 for steel x3 China has been the main commodity industry growth driver 3

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