Jamie Webster
Senior Director, BCG Center for Energy Impact
Washington, DC
Jamie Webster is a senior director at the BCG Center for Energy Impact.
He is as an expert in energy markets and geopolitics, with a focus on oil market balance evaluation, OPEC analysis, and national energy policies. He is a frequent public speaker on energy issues, is regularly quoted and seen in the press, and has testified multiple times to both houses of the US Congress.
Previously Jamie was a vice president at IHS, where he led the oil markets team.
The US gas market is seeing a raft of bullish price forecasts—but appearances can be deceiving.
The agreement to cut production may go some way to restoring the industry’s fortunes—but oil players will have to proceed carefully.
Companies will need to scale back their oil price assumptions for deals to flourish.
Oil producers are feeling the financial pressure created by the collapse in crude oil prices. To compensate for the lost revenue from exports, they will have to depend on budget cuts and foreign reserves.
On top of the demand shock in the oil market, sparked by COVID-19, is a supply shock that could flood the market. Even robust oil companies will face threats to their business.
Everyone knows the new restrictions are coming, but are they ready for the joint responsibility—and expense—of developing environmentally friendly supply chains?
The change in maritime fuel regulation is scheduled to take effect within months. But stakeholders still have time to act.
