Iraq war hits output
1 June 2003
Facing up to the challenge
1 June 2003
The principal concerns raised at the International Energy Agency’s (IEA) bi-annual ministerial meeting were the consequences of production cut-offs in Venezuela and Nigeria, rising oil prices, fear of a supply disruption and the war in Iraq. But other events during the period, such as the temporary shutdown of 20 nuclear power plants in Japan, added to the tension. Helen Avati reports
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
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
Output rises in November
1 January 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