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Threats and Opportunities for South East Asia’s Upstream Industry

South East Asia is one of the four birthplaces of the modern oil industry. In 1846 Russian engineers Semyenov and Alekseev drilled the first ever oil well in Baku, then part of the Russian Tsarist Empire but today Azerbaijan, which turned Central Asia into the first major producer of crude oil in ...

Andreas de Vries


Posted 11 months agoOpinion > Market AnalysisSE Asia

The 3 Trends that Will Keep the Oil Price Below $60/B

According to economic theory, in a perfectly competitive market the price of a good will equal the marginal cost of production . The marginal cost of production is the cost of producing an extra unit of output. The theory states that if it costs $10 to produce an additional unit, while the selling ...

Andreas de Vries


Posted 11 months agoOpinion > Market Analysisoil price

The Trends That Will Be Driving the Oil Price in 2016 (and Beyond…)

The past 18 months have been especially tough for those in the business of forecasting the crude oil price. At the end 2013, when Brent closed at $112 per barrel and WTI at $100, the investment banks expected crude to continue to price around $100 per barrel during 2014 . In actuality, of course, ...

Andreas de Vries


Posted 11 months agoOpinion > Market Analysisoil price

Why oil will crash again in 2016

In 1950 the American mathematician and economist John Forbes Nash, Jr. earned his PhD with a dissertation that explained why markets can gravitate towards a sub-optimal equilibrium. What is now known as a Nash Equilibrium results when all economic actors know that a different strategy would be bet ...

Andreas de Vries


Posted 11 months agoOpinion > Market Analysisoil price