The annual SERA Week Conference, one of the largest energy conferences in the world, was launched last Monday in the American city of Houston. The conference attracts senior executives in the oil sector and oil ministers, in light of the important events taking place in the global energy markets.

Global oil prices currently range between $75 and $85 per barrel, a level that enhances profits without harming economic growth, despite the war in Eastern Europe and unrest in the Middle East. Demand for oil and gas is expected to continue to rise, along with renewable energy sources such as solar and wind energy. And biofuels.

Energy markets have succeeded in rearranging global flows with customers turning more to regional energy suppliers, or adapting to longer seaborne supply chains.

The most prominent topics of the conference:
● Energy market forecasts from the heads of major producing companies.
● Developments in the LNG sector and US climate policies.
● Emphasizing the climate goals of the US administration.
● US energy deals and mergers in the energy sector.
● The rise and fall of shale oil in the United States.

Notable absentees from this year's conference are senior oil ministers from Saudi Arabia, Kuwait and Iraq, and no officials from Russia are expected to attend. OPEC also expects relatively strong oil demand and economic growth, a view that encourages more oil and gas activities and mergers.