The IMF’s most recent World Economic Outlook (IMF 2007) contains a box entitled “Understanding the Link Between Oil Prices and the World Economy”. In our view the analysis is misleading, and likely to confuse rather than clarify the question of the relationship between demand, supply, oil prices, and the world economy.
Rob Arnott reviews the EP strategies of the major integrated companies as well as the independent oil and gas companies and identifies the keys to success and the common reasons for failure. Arnott identifies the key phases of exploration and production as well as the features of the best in class and contrasts company strategy […]
After a long period of cost cutting, the oil companies were left with little choice but to embark on a wave of mergers to rekindle growth aspirations. If these efforts founder, what should the oil companies do next? Should they accept fashionable arguments in favour of deconstruction and break up into focused entities, and would this actually […]
As the demand shows no sign of reduction in the rate of increase, it seems inevitable that the price must continue to rise until demand is reduced either by reduction in the number of motors used or by the introduction of other kinds of carburetting material. (Professor Vivian B. Lewes, ‘Oil fbel’, 19 13)
The recent history of the informal market f o r North Sea Brent blend has been of great interest to those studying commodity markets in general and the oil market in particular . Two aspects of this market gives it this important position. First, the very rapid growth inactivity in the Brent market means that […]
The Economist cites an OIES study: until oil-exporting countries shift economies away from oil, they need to cover… https://t.co/qylvo2LwFw
OIES's @thierry_bros interviewed by Radio Vatican on East Med gas. https://t.co/pRhtO5AtfN
After the Gazprom-Naftogaz arbitration: commerce still entangled in politics https://t.co/Pljui3Ao56