Publications: Notes at the Margin

In Praise of EIA; The Impact of US Hedging on Brent Forwards (September 16, 2013)


This week's Notes at the Margin covers two topics. We begin by praising the US Energy Information Administration, something we never thought we would do. We follow by noting that aggressive hedging by US firms seeking to lock in wide margins seems to be depressing the WTI forward price curve. This hedging may have serious implications for market behavior.


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