2025 New Delhi Market Briefing

• Non-OPEC+ production and its impact on OPEC+ strategy
• Macro outlook, oil demand, and Trump Tariffs on the oil market
• Oil supply/demand and prices/scenarios
• Long-term outlook and implications for India

Premasish Das, Research and Analysis Executive Director

• Key refined products demand growth outlook in Asia and Indonesia
• Chinese demand outlook amid Trump tariffs and product exports
• Refined products balance, cracks, and refining margins
• Long-term outlook & implications for India

Speakers:

• Abhishek Ranjan, Manager, Research & Analysis
• Himi Srivastava, Principal Research Analyst

• What’s causing the surplus in the naphtha market?
• How long will the naphtha market overhang last?
• Is the US NGL production expected to peak and is there enough ethane to support additional crackers? 

April Tan, Technical Research Associate Director

• Examine the olefin market landscape on supply, demand and trends
• Navigate the uncertainties caused by the tariffs
• Review the long-term outlook, focusing on evolving chemical feedstock landscape

Joyce Lee, Director, Olefins & Derivatives

• When will the global LNG market rebalance?
• What is the impact of the impending supply wave?
• Regional outlook for gas demand in Asia. How does market conditions impact the use of LNG?
• US Trump trade tariff and impact on Asian markets.
• The outlook for key gas benchmark prices, both short and long-term.

Ayush Agarwal, LNG Analyst

•  Overview of LNG demand sensitivity in India
• Gas base case outlook until 2030 and factors driving price sensitivity across different sectors
• Gas versus alternate fuel demand switching channels
• Sectoral demand sensitivity at different Platts JKM prices

Ashish Ranjan, Senior Analyst

• Activity Trends in a Mature Global Petroleum System
• The Essential Role of High-Impact Exploration to Unlock New Opportunities
• Adapting Strategies for Greater Competitiveness in Exploration

Clare Barker White, Senior Manager, Technical Research

• Global Upstream M&A: Momentum, shifts, and strategic signals
• Strategic Portfolio Realignment: Evolving approaches by GIOCs and NOCs
• Surge in Low-carbon M&A: Key drivers behind resilient deal activity and investor appetite
• Evolving investor strategies: Role of various peer groups and key risks

Kallol Saha, Research and Analysis Director