Reinforcing Feedbacks, Time Spreads and Oil Prices

While the media often focuses on the sharp swings in oil price, there have been some interesting reinforcing feedbacks unfolding in the term structure of oil prices affecting the international pricing system, financial investment, inventories and OPEC behaviour. These feedbacks are not new to the oil market, but the current environment seems to have amplified these price distortions. This comment discusses some of these feedbacks and price distortions and tries to draw some lessons from the period 1997-2009.

By: Bassam Fattouh

Latest Tweets from @OxfordEnergy

  • What Next for Asian Benchmarks https://t.co/l0HiKd4PJl

    July 17th

  • A cleaver comment by US President Donald Trump on Russia-Germany Nord Stream 2. Read @thierry_bros interview in Fre… https://t.co/ipMQftQ42b

    July 13th

  • J Stern on Germany’s imports of Russian gas: Europe particularly northwestern Europe has turned into a gas-trading… https://t.co/nR3mBymiLz

    July 12th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.