Navigating Supply, Demand, and Prices: Insights into Global Oil Markets Dynamics
CERAWeek Podcast with Atul Arya
Release Date: 03/14/2024
Morten Wierod, ABB, on the Shift from Energy Transition to Energy Expansion
CERAWeek Podcast with Atul Arya
The energy transition is increasingly becoming an energy expansion, as electrification, industrial growth and AI-driven demand accelerate the need for reliable electricity. In this episode, , joins Atul to discuss how rising power demand is reshaping priorities for grids, infrastructure and industrial systems worldwide. The conversation highlights why grid resilience is emerging as a national security issue, illustrated by the 2025 blackout in Spain and Portugal that left 65 million people without power. As electricity becomes more central to economic activity, reliable grids...
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Marsh & Oliver Wyman on Why Energy Risk Is Now a Boardroom Issue
CERAWeek Podcast with Atul Arya
Energy demand continues to grow, but the defining feature of today’s energy system is volatility. In this episode, , joins Atul alongside Mark Pellerin, Global Head of Energy & Natural Resources at Oliver Wyman, to discuss how rising uncertainty is reshaping decision-making across the energy sector—and why risk management and insurability are increasingly shaping which energy projects get financed and built. Key topics: Risk management shifting from operational issue to board-level priority The surge in power demand from data centers and implications for infrastructure investment...
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Meg Gentle, HIF Global, on Scaling E-Fuels for Aviation and Heavy Transport
CERAWeek Podcast with Atul Arya
Low-carbon fuels could work in today’s engines, pipelines and refineries—without rebuilding the entire energy system. , joins Atul Arya to discuss how e-fuels—synthetic hydrocarbons made from renewable electricity, water and recycled CO₂—could help decarbonize sectors where electrification is difficult. The conversation explores how “drop-in” fuels can leverage existing infrastructure, why aviation and shipping are key early markets, and what it will take to scale global production—from certification systems to partnerships across the fuel value chain. Key topics: Producing...
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José Fonrouge, Ternium, on Decarbonizing Steel in a Two-billion-ton Industry
CERAWeek Podcast with Atul Arya
Steel accounts for 9% of global greenhouse gas emissions—making it one of the most challenging sectors to decarbonize. José Fonrouge, Global Environmental Director at Ternium, joins Atul to discuss the realities of reducing emissions in a two-billion-ton industry. The conversation examines structural constraints—from coal dependence and infrastructure gaps to global market dynamics—while outlining pragmatic pathways grounded in recycling, energy efficiency and hydrogen innovation. Key topics: The global scale of steel production and its emissions footprint The current state and...
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Kim Hedegaard, Topsoe, on Moving Beyond the Hydrogen Hype
CERAWeek Podcast with Atul Arya
Green hydrogen is entering a more disciplined phase—where project viability and secured offtake matter more than headline announcements. In this episode, , joins Atul to discuss what it will take to scale clean fuels on commercially sound foundations. The conversation examines how the sector is shifting toward industrial maturity—where access to competitive power, risk mitigation and capital discipline determine which projects move forward. High-temperature electrolysis, offering between 20-30% greater efficiency, compared to other electrolyzer technologies illustrates how...
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Hanna Grene, Microsoft, on Matching 100% of Global Electricity Demand with Renewables
CERAWeek Podcast with Atul Arya
Microsoft has matched 100% of its annual global electricity consumption with renewable energy—contracting 40 gigawatts across 26 countries. , joins Atul to discuss what this milestone signals for the energy sector as AI demand accelerates. The conversation explores how AI is driving performance in the power sector, reshaping grid operations, infrastructure development and business processes—highlighting why energy systems are becoming foundational to digital growth and competitiveness. Key topics: Microsoft’s 40-gigawatt renewable procurement milestone AI as a...
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Bill Newsom, Mitsubishi Power Americas, on the Race to Deliver Power at Scale
CERAWeek Podcast with Atul Arya
Heavy-duty gas turbine demand in the Americas has grown more than six-fold in five years, a clear signal that the power sector is racing to deliver new generation capacity. , joins Atul Arya to discuss what it takes to build power at speed as electricity demand accelerates. The conversation focuses on execution – how manufacturers, utilities and technology partners are scaling equipment supply, project delivery and infrastructure to meet rising demand while advancing decarbonization. Key topics: Surging turbine demand and its signal for power markets Competition for...
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Ashraf Al Ghazzawi, Saudi Aramco, on Energy Security and Why Supply Still Drives the Energy Transition
CERAWeek Podcast with Atul Arya
Rising global energy demand, security of supply and long-term investment decisions are shaping the future of the energy system. In this episode, , joins Atul Arya to discuss these dynamics and their impact on energy markets. Key topics include: Global demand growth and regional energy disparities Investments in supply needed to keep pace with resource depletion rates Energy security through diversity of suppliers AI’s impact on operational efficiencies Disciplined approaches to lower-carbon investments This episode builds up to CERAWeek 2026, where leaders will examine the...
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Lawrence Coben, NRG Energy, on Collaboration and the Electricity Demand “Supercycle”
CERAWeek Podcast with Atul Arya
Rising electricity demand from AI, data centers, and electrification is reversing decades of flat load growth and reshaping power markets. In this episode, , joins Atul to discuss how energy providers are responding to a new era of accelerating demand, tightening capacity and growing infrastructure needs. The conversation examines how utilities, technology companies and large energy users are adapting—highlighting the growing importance of investment, partnerships and policy frameworks to ensure reliable and affordable power. Key topics include: The return of large-scale electricity...
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Uwem Ukpong (AWS) on the Power Convergence: AI Demand and Grid Capacity
CERAWeek Podcast with Atul Arya
Cloud and AI providers are no longer passive consumers of energy—they are shaping how and where new capacity gets built. In this episode, Atul Arya speaks with , on how this shift is changing the energy landscape. The conversation explores how Amazon is scaling its global data center footprint while driving efficiency, investing in carbon-free energy, and working directly with utilities to support grid reliability. A recurring theme in the discussion is that decisions around compute and power are becoming increasingly interconnected, raising the importance of collaboration between data...
info_outlineIn this episode of the CERAWeek Podcast, Atul Arya hosts James R. Burkhard and Shin Kim from S&P Global, diving deep into the current state and outlook of oil markets. They explore the unexpected calmness amidst physical and geopolitical disruptions, examining factors influencing prices and the effectiveness of price caps. The conversation also delves into developments in Russian oil production and exports, alongside the growing share of non-OPEC production globally. With insights into the enduring US production boom and evolving oil demand dynamics, including the impact of electric vehicles (EVs), they speculate on future demand drivers and potential peaks. Looking ahead to CERAWeek, they highlight key focus areas for the energy industry amid shifting market dynamics.