In this paper, we examine the evolution and functioning of the traded gas market in Great Britain.1 We will begin by looking at the historical background and the reasons why a successful liberalised gas market was able to develop in Britain. We will look at the Network Code and the National Balancing Point and examine […]
The decision to undertake a study of the Brent CFD (Contract for Differences) market was made for two reasons. The first is that the Institute has done major research work on the various constituents of the Brent market complex in an almost continuous manner since 1984. This led to the publication of two books, The […]
The focus of this paper is on the measurement of hedging efficiency. We argue that conventional approaches, originally developed for analysing the hedgmg of Treasury bonds, are unreliable in commodities where the time structure of prices plays an important role. A full consideration of the nature and causes of changes in the time structure is […]
In recent years, there has been a massive development of derivative financial products in oil markets. The main interest came from large energy end-users who found in them a welcome opportunity to lock in fixed or maximum prices for their supplies over a period of time. Oil companies and oil traders were able to provide […]
The double squeeze on OPEC’s oil ouput caused by a fall in the world demand for oil and a rapid growth in non-OPEC supplies is preventing this organization from performing a price stablization role . The current oil price crisis is the consequence of these developments.
Changes to the ‘Dated Brent’ benchmark: more to come https://t.co/gW10n8rPMi
New OIES paper looks at LNG projects vying for FID in 2019-20, reviews 5 areas, costs and competitiveness, and the… https://t.co/pz3UDcUcQU
Outlook for Competitive LNG Supply https://t.co/qmG43CklMw