Given that oil has a large impact on infrastructure, transportation, and production in most countries, it is no surprise that the availability and price of oil is monitored carefully by many governments and traders worldwide. One aspect of the global oil market that fascinates me is oil price assessments, or average prices for different grades […]
Recently, while writing short updates about the energy and commodities markets for ZE’s DataWatch magazine, I noticed a trend: many price reporting agencies (PRAs) have been updating their oil price assessment calculation methodologies to reflect the large number of deals done in the Asia-Pacific region. Wanting to find out more, I delved into researching price […]
Asia has emerged as one of the most, if not the most, significant growth markets in the world for petroleum products. And its influence on supply and demand economics, price formation and trade flows globally is only set to increase. However despite this trend, it’s important to keep in mind how this growing market for petroleum […]