Oil prices are beginning to bounce back from five-year lows boosted in part by deep OPEC production cuts aimed at countering the first global decline in energy demand in over a quarter of a century. The gradual rise is also aided by the belief of investors that the economic recession would end soon, paving the way for the recovery of the ailing world energy demand. Higher prices, seen these past months, were also encouraged by the stronger global equities markets and positive economic data in the United States, Europe and Asia that support the scenario that the worst of the downturn was over. But have we really reached the bottom? Will there be more unexpected news that will send the global markets tumbling again?
APPEC 2009 will again be the ideal platform, as Asia's leading energy forum, where these important issues will be highlighted and discussed. The central theme for APPEC 2009 is appropriately titled That the annual series of conferences has been able to attract more than 3,000 leading practitioners and key professionals to meet, participate and explore potential business collaboration speaks volume of the continued relevance of APPEC to the global oil trading community.
Since the inaugural event in 1985, the APPEC series has grown to become one of the most important annual forum for the pan-Asian oil and gas industry. The region's oil and gas industry has, over the years, been very supportive of the APPEC series and most have adopted APPEC as their own - an annual event not to be missed.
APPEC's continued ability to attract the captains of industry and international practitioners to share their expertise at the executive and plenary sessions, complemented by the various networking activities and an exhibition have proven to be a very successful combination. Come and witness this phenomenon of APPEC yourself and reap the immense benefits of being a participant of APPEC.
