Tag: Hedging

  • The Oil Market Through the Lens of the Latest Oil Price Cycle

    By: Bassam Fattouh

    The recent behaviour of prices has polarised views about the key drivers of oil prices. One view attributes the recent behaviour in oil prices to structural transformations in the fundamentals of the oil market. An alternative view considers that oil markets have been distorted by substantial and volatile speculative financial flows. This dichotomy between fundamentals […]

  • The Term Structure of Oil Futures Prices

    By: J. Gabillon

    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 […]