Publications: The Petroleum Economics Monthly
Can Crude Markets Resist the Pull of Expectations? (September 2012)
The Petroleum Economics Monthly has advanced the view that world oil markets are following a pattern first exhibited in 1985 and 1986. Back then, as readers will recall, Saudi Arabia lost patience with other producers and introduced a new pricing scheme to recapture lost market share. After the new strategy was revealed, most oil market participants realized prices would collapse, as they ultimately did. However, for more than six months prices increased as intermediary participants scrambled to minimize inventories and their efforts pushed the market into backwardation. Ultimately, though, the greater supply prevailed and prices fell. As noted, our view is that the world is following a similar path today.
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- The Petroleum Economics Monthly
- The Failure of Traditional Oil Market Fu...
- Will Investor Aversion Bring Higher Oil ...
- The Hedge Fund War on Fracking (August 2...
- IMO 2020: Implications for Crude (Januar...
- Understanding Price Behavior During Oil ...
- $200 Crude, the Economic Crisis of 2020,...
- IMO 2020: Economic Prospects (June/July ...
- Brent Is Dated (November/December 2017)
- The United States: Center of the Global ...
- A Tale of Two Markets (September 2017)
- The Triumph of Markets (August 2017)
- Twilight of Big Energy (July 2017)
- Failure to Learn from History: The Produ...
- A Lesson in Disruption (May 2017)
- Putting a Finger in the Oil Market Dike ...
- Oil's Johnny One-Note (March 2017)
- The Don Quixotes of Oil (February 2017)
- Markets Take Over (January 2017)