Tag: Stock building

  • Oil Price Differentials: Markets in Disarray

    By: Paul Horsnell

    The conventional wisdom about the current behaviour of oil prices is essentially very simple. It is comprised of two assertions and then an inference. It runs as foIlows. First, there is no physical shortage in oil markets. Secondly, there is no stockbuilding (or “hoarding”) at least not by the important oil companies. The price rises […]