Trends
Living with market volatility
1 May 2003
The surge in US gas prices this winter was caused by a combination of high demand, because of cold weather, and dwindling domestic production. Further price spikes are expected as the market struggles to deal with a persistent supply/demand imbalance. David Townsend looks at the state of the market
Battling benchmark distortions
1 April 2003
Falling production from the UK North Sea’s Brent oilfield had left the pricing marker grade exposed to market squeezes. Nine months after the 21-day Brent/Forties/Oseberg option contract was conceived by BP and Platts, Liz Bossley investigates how the new baby has survived its gestation period
Wait and see
1 April 2003
Opec leads output rise
1 March 2003
You can't rely on anyone
1 February 2003
IT solution may save 50¢/b
1 February 2003
Aspen Technology, the US software company, says the oil industry is at an “inflection point” – where companies are under pressure to improve their performance and a set of technologies is emerging that can achieve that improvement. David McQuillin, the firm’s president and chief executive, talks to Tom Nicholls about his vision of the next major trend in IT for the process industries
Opec acts as prices soar
1 February 2003
US gas on a tightrope
1 January 2003
There is a growing consensus that the balance between US gas supply and demand will be tight. Some analysts suggest a crisis could occur as early as this winter. In addition, volatile prices make planning, hedging and investment more difficult, Ellen Lask reports
Tough times for energy traders
1 January 2003
The fall of Enron has left a trail of devastation in the US energy-trading market, with several other companies struggling to stay afloat. Almost every entity in the industry, innocent or otherwise, has been caught up in the chaos created by principals who honoured profits over principles, Anne Feltus reports
Refining takes its toll
1 December 2002
Iraq keeps market on edge
1 November 2002
Opec still over target
1 November 2002
Price volatility persists
1 October 2002
Following years of consolidation among producing companies, analysts claimed thermal, seaborne coal prices would become less volatile. But the price of thermal coal has fallen dramatically in the last year. Higher Chinese exports, increased liquidity and transparency, and the demise of traditional price-setting methods are being identified as the causes, writes Andrew Roberts