Posts

Fuzzy Logic

Fuzzy logic is an approach to computing based on "degrees of truth" rather than the usual "true or false" (1 or 0) Boolean logic on which modern computers are based.  It also ...

OPEC vs Shale Round 3

It is hard to understate the impact of shale on the oil industry.  From initial discovery to first production for a traditional major oil field can take a decade, often longer.  US shale oil ...

Area Under the Curve

It is worth taking a moment to look back at the market in mid-September 2016.  This is before the September 28th OPEC meeting on the side lines of the IEF in Algiers.  It is ...

OPEC, you have our attention

Since the shift from market share to price management was announced in Algiers on September 28, the energy industry has once again been focused keenly on the messages and actions from ...

OPEC Agreement - 30 November 2016

With OPEC having reaffirmed their Algiers commitment to cut production, attention now turns to the details of the agreement and, of course, what actions are actually taken by OPEC and non-OPEC countries to curb ...

OPEC Decision Making - Game Theory

In advance of OPEC's November 30 meeting in Vienna, at which they will seek to reach agreement on a production cut to between 32.5 and 33 mbd, it is worth reflecting on historic dynamics ...

Will they or won't they

November 30 will see the 171st Meeting of the Conference of the Organisation of the Petroleum Exporting Countries (OPEC) take place in Vienna.  Pressure has been steadily building for OPEC to take concrete action ...