A few days ago, for the first time in history, US oil prices crashed into negative territory as the evaporation of demand caused by the COVID-19 pandemic left the word awash with oil and not enough storage capacity. Recent world oil prices are also about to witness the third consecutive weekly plunge.
Described as "oil armageddon", this price catastrophe is said to be "something we may not see again in our lifetime"; although it is still uncertain when this downturn will be followed by a recovery.
Join EuroCham and our honoured guest speaker at upcoming Zoom webinar to gain insights on the global specialphenomenon:
What does it mean for the recent negative oil prices? Whether it was a warning or an anomaly? Will this nosedive in oil prices cause a financial crisis?
What are the responses of OPEC members regarding the situation? How is China's involvement in adjusting oil prices? Is it their effort to manipulate the oil market?
Whether Vietnam's crude oil and natural gas production are facing risks in light of a double-whammy of the global oil price collapse and sluggish demand due to the continued spread of COVID-19? Policy recommendations for Vietnam in response to the oil plunge situation.
NOTE: Please note that reservation needs to be made 24 hours prior to the event and cancelation needs to be done 2 days in advance otherwise no-show fee will be charged.
Mr Kokalari worked in Vietnam for eight years, and was previously the Head of Research at CIMB Securities Vietnam, and the CIO of Saigon Asset Management. Earlier in his career, Mr Kokalari was a derivatives trader in Tokyo & London where he ran multi-billion dollar trading books for Lehman Brothers, JP Morgan Chase, Credit Suisse First Boston, Paribas and West LB.