“BP Energy Outlook 2019” –
with Spencer Dale, BP Group Chief Economist


Spencer Dale is group chief economist of BP plc. He manages BP’s global economics team, providing economic input into the firm’s commercial and strategic decisions. BP’s economics team also produces the annual Statistical Review of World Energy and Global Energy Outlook.

Spencer will consider the outlook for global energy markets over the next 20 years, and some of the key issues and uncertainties this raises for the energy industry. How will the energy system respond to the dual challenge of providing ‘more energy and less carbon’? What role are oil and natural gas likely to play as energy markets transition to a lower carbon energy system? What more needs to be done to ensure the global energy system is on a pathway consistent with meeting the Paris climate goals?

Speaker Profile

Spencer Dale joined BP as group 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.

Spencer 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.