Feast or Famine? Oil Market in 2018
In the Bible, Joseph was interpreting Pharaoh’s dream of seven fat and seven thin cows, but he might have been talking about the oil market (“Genesis”, chapter 41, verses 29-30). Just as Pharaoh’s kingdom experienced a cycle of feast and famine, depending on the Nile inundation, the oil market swings between periods of undersupply and oversupply. “The problem of oil is that there is always too much or too little…
Volatility and Cyclicality in Oil Prices - will this time be different? Kemp
Extreme volatility and strong cyclicality have been the defining characteristics of oil prices and the industry since the first modern oil well was drilled in Pennsylvania in 1859. Oil prices are much more volatile than the prices of manufactured goods or services, and in this they resemble other industrial and agricultural commodities. Volatility is apparent at…
Doha Meeting Might Not Matter Much for Oil Prices
Given the hype which has accompanied the run-up to an oil ministers' meeting in Doha on Sunday, there is a risk prices will fall afterwards it fails to reach an agreement or produces only a weak one. But expectations for the meeting are already pretty low. "We cannot know the outcome but if there is to be a production freeze, rather than a cut, the impact on physical oil supplies will be limited…
Simons Named IEA Deputy Executive Director
Senior U.S. Paul Simons, a senior United States diplomat with a strong background in energy and economic policy, has been selected to be the new Deputy Executive Director of the International Energy Agency. Simons will take up his position on July 8, 2015. In his role as Deputy Executive Director, Simons will support the Executive Director in providing leadership and strategic direction to the agency…
Cheniere Announces Feygin as Senior VP
Cheniere Energy, Inc. announced today that Anatol Feygin has joined the company as Senior Vice President, Strategy and Corporate Development. Feygin joins Cheniere after seven years at Loews Corporation, where he served as Vice President, Energy Strategist and Senior Portfolio Manager. In these roles, he developed forecasts for Loews' three energy platforms (upstream, midstream and services), identifying risks and making capital allocation decisions.
