Karim Fawaz

S&P Global

Research & Analysis Director

Karim Fawaz is a director in the Energy and Natural Resources group at S&P Global. He leads the Energy Advisory Service, which provides energy research tailored to financial institutions investing in the energy and commodity space. He has extensive expertise analyzing short-term global crude oil and refined product markets; managing the S&P Global global short-term liquids supply/demand balances; and forecasting short-term trends in global oil fundamentals, prices, differentials, and refining margins. He also specializes in the relationship between physical and paper commodity markets. Mr. Fawaz has also led various consulting engagements across the midstream and downstream value chain, including asset acquisition due diligence projects, global crude and product trade flow modeling, and pricing analyses. Prior to joining IHS Markit in 2013, Mr. Fawaz worked in the financial advisory practice at PFC Energy. He holds a Bachelor of Engineering degree from the American University of Beirut in Lebanon and a master’s degree from the Johns Hopkins School of Advanced International Studies in Washington DC.

Sessions With Karim Fawaz

Tuesday, 8 March

  • 04:30pm - 05:15pm (CST) / 08/mar/2022 10:30 pm - 08/mar/2022 11:15 pm

    S&P Global | Oil Price Forecasting in the Era of Energy & Capital Transitions
    Workshop Energy Transition/Climate & Sustainability

    In this session, we look under the hood of oil price forecasting and think through how the structural changes affecting oil markets can impact price formation including:

    • Oil as an asset class: Financialization, anticipation and the turbo-charging of price cycles

    • Short cycle barrels: How shale reactivity affects price formation in the post-growth era

    • Moving target: The widening amplitude of long-term demand outcomes through the energy transition

    • Beyond the cost curve: capital constraints on upstream investment

Wednesday, 9 March

  • 12:00pm - 12:50pm (CST) / 09/mar/2022 06:00 pm - 09/mar/2022 06:50 pm

    Funding Future Oil & Gas Supply: Preemptive underinvestment?
    Panel Finance & Investment/Trading & Risk Management/ESG
    Oil & gas’ decades-long easy access to willing capital has been tightening over the past five years, constricting dramatically in 2021. Given this strong narrative and increasing pressures, what is the outlook for financing oil and gas investments? Will there be a supply shortfall, leading to an extended super-cycle? What does that future look like and who are winners and losers? What is the relative role of the COVID price whipsaw? What future demand concerns may arise? Are higher capital costs expected? How will diversion of capital to clean tech affect shareholder returns? Do high prices play into the willingness of financiers to invest? What regions and assets are competitively advantaged? Will low-cost exploitation and private capital fill any emerging gaps?
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