• CERAWeek
  • March 18 - 22, 2024

Ben Luckock


Global Head of Oil Trading

Ben was appointed Global Head of the Oil Divison in 2023, having held the position of Co-Head of Oil since 2018. He was previously Head of Group Market Risk and prior to that, spent six years as Global Head of Crude Oil Department. He joined Trafigura in 2007. Prior to joining Trafigura, Ben spent nearly 10 years with BP as a Crude Oil trader in the UK, the US, Australia and New Zealand. Ben holds two degrees in Finance and Marketing from Monash University in Melbourne, Australia.

Sessions With Ben Luckock

Tuesday, 19 March

  • 11:50am - 12:40pm (CST) / 19/mar/2024 04:50 pm - 19/mar/2024 05:40 pm

    Oil Markets in 2024-2025: Abundance or scarcity?

    Markets Fundamentals

    Oil markets are entering a new “normal” phase. Demand growth is cooling from the post-Covid surge and will be shaped by global economic growth, inflation, interest rates, China and a gradual but profound structural shift in the transportation fleet. While demand growth is cooling, non-OPEC supply growth is rising sharply, leading OPEC+ to reduce output to rebalance the market. At the same time, the war in Ukraine and outbreak of conflict in the Middle East has injected significant geopolitical risk into the market. How will these new oil fundamentals develop over the next two years?