IEA, IEF and OPEC host Third Joint Workshop

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Vienna, Austria
21 Mar 2013

The International Energy Agency (IEA), International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries (OPEC) hosted the Third Joint Workshop on “Interactions between Physical and Financial Energy Markets” Thursday in Vienna, Austria. The high-level technical event brought together a broad range of experts from industry, governments, and the financial and regulatory sectors of the developed and emerging economies to discuss the interactions between physical and financial energy markets.

The Workshop builds on insights gained from the previous two meetings held in London in 2010 and Vienna in 2011, respectively. Discussions were held under the Chatham House Rule.

The Workshop is part of a wider joint programme of work agreed by the three organizations and endorsed by Energy Ministers at the 12th International Energy Forum (Cancun, Mexico, March 2010) as part of the Cancun Declaration.

The discussions considered the following issues: the evolving interactions between energy derivatives and the broader financial markets over the last ten years; an update on the implementation of regulation in the energy derivatives markets; expected future developments in energy derivatives trading; and a focus on Asia.

The IEA, IEF and OPEC will produce a summary report of the Workshop for their Member Countries, which will also be made available on their respective websites.