The oil pricing landscape is facing critical changes as regional activities surrounding established benchmarks are impacting markets on a global scale. Asia’s lower-than-anticipated appetite for crude oil, coupled with the misconception that all production will be dominated by the Middle East, suggests a potential re-emergence of West Texas Intermediate (WTI) as the international price reference.1 […]
Predicting the direction of future oil price movements is not an easy path. What does it take to manage financial risks for parties affected by volatile oil price movements? Ever since the 1980s, when the first petroleum financial derivatives started being traded on NYMEX and the International Petroleum Exchange (renamed ICE Futures in 2005),the set […]
On-demand access to accurate pricing data is pivotal for market players in the oil and gas industry to make better and timelier strategic decisions in order to drive their core business activities. Now more than ever, with the production of oil and gas reaching unprecedented new highs, organizations in this industry cannot afford to ignore […]
Given that oil has a large impact on infrastructure, transportation, and production in most countries, it is no surprise that the availability and price of oil is monitored carefully by many governments and traders worldwide. One aspect of the global oil market that fascinates me is oil price assessments, or average prices for different grades […]