Crowdsourcing
As a little boy I came up with an idea of how to become a millionaire. It was enough to persuade a million people to give me one dollar for some good cause. For them it would be a small expense and for...
View ArticleSaudi Aramco crude on the Baltic Sea – a one-off opportunity or new supply...
A Saudi Arabian vessel carrying crude oil has recently put into port in Gdańsk. The event would have likely gone unnoticed had it not been for Rosneft CEO’s comment that it marked another stage in...
View ArticleWhat would change if the US were to start exporting its oil?
More than a year ago, it was on the very same blog that I said that the US export ban would be lifted since maintaining it was not economically viable, and doing so would be beneficial to the economies...
View ArticleNext year likely to be the last year of cheap crude
Daily crude price data tell the story: in 2015 the prices yo-yoed. At the beginning of the year, Brent oil traded at 55 USD/bbl. In mid-May, the price went up to USD 66, to dip below USD 35 at the year...
View ArticleEffects of low oil prices will be felt in several years
Last year, we outlined our expectations as to crude oil prices and margins over the coming two years. We anticipated substantial daily fluctuations as part of shorter or longer cycles, painting a...
View ArticleRandom forecast
Not a day goes by without me being asked about future oil prices. And all discussions that follow end with the inescapable conclusion that oil prices cannot be predicted. This is a complete reversal in...
View ArticleSooner-than-expected equilibrium and greater uncertainty
In Q2 2016, the situation on the global oil market unfolded in line with our expectations. Oil prices continued on an upward trend started around mid-January 2016. On the back of stronger demand...
View ArticleOil prices after 2020 and more…
Strategic oil projects have a considerably longer horizon and decisions taken in the oil sector are driven by what is expected with regard to the future of crude oil and its prices in 25 years. A...
View ArticleHow are new power generation technologies developed?
Empirical knowledge of innovations can be gained from the IT sector, which abounds in new ideas and innovations. Looking at how quickly tablets and smartphones became commonplace in our daily lives, it...
View ArticleImpact of the surprise OPEC agreement
No one expected last Wednesday’s announcement by the OPEC cartel that it had struck a deal to reduce crude output by almost one million barrels a day. The news immediately triggered a 6% surge in oil...
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