• CERAWeek
  • March 18 - 22, 2024

Spencer Dale


Chief Economist

Spencer Dale – chief economist bp's chief economist, Spencer Dale, is responsible for advising the board and leadership team on the global energy system and the energy transition. Role at bp Spencer Dale is chief economist of bp plc. He manages bp’s economics and energy insights team which provides advice and analysis on the global energy system, the energy transition and the evolving nature of the energy system as it moves to net zero. The economics and energy insights team are responsible for producing bp’s annual Statistical Review of World Energy and bp’s Energy Outlook. Background Spencer Dale joined bp as chief economist in October 2014. Prior to that, he was executive director for financial stability at the Bank of England and a member of the Financial Policy Committee. Between 2008 and 2014, Spencer was chief economist of the Bank of England and a member of the Monetary Policy Committee. Spencer joined the Bank of England in 1989 and served in numerous roles, including private secretary to Mervyn King and head of economic forecasting. Spencer served as a senior advisor at the US Federal Reserve Board of Governors between 2006 and 2008. Education He was educated at the University of Wales, gaining a BSc in Economics in 1988 and at the University of Warwick, gaining an MSc in Economics in 1989, whereupon he immediately joined the Bank of England

Sessions With Spencer Dale

Wednesday, 8 March

  • 02:25pm - 03:05pm (CST) / 08/mar/2023 08:25 pm - 08/mar/2023 09:05 pm

    Navigating Volatile Energy Markets

    Recent global crises have created massive disruptions to the world’s energy systems. Successive upheavals of pandemic, economic reopening and war have triggered commodity shocks and geopolitical divisions that have stressed global supply chains and fueled inflation. Policy measures to counter inflation threaten a global recession. Is extreme volatility the new normal for energy and commodity markets? What does prolonged turbulence mean for future investments? How are producers and suppliers adjusting strategies to continue to meet global demand? How are they navigating the maze of policies on international sanctions?