Tag archives for oil

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Backwardation, Tightening Inventories, and Higher Prices Ahead: One View of Oil’s Future

Energy economist Phil Verleger has been waging a steady war against the argument that “too much” trading of energy futures contributes to higher prices. To the contrary, as he has written many times, in the long run it will contribute to lower prices, and current government efforts to curb speculation by diminishing volume is laying the ...
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Oil Markets Evolving with Shifting Political Climates in the Middle East

In the last 20 years, demand for oil and natural gas in Turkey has increased exponentially, and the country has developed into a significant consumer within the energy markets; however, the demand conditions coupled with insufficient natural resources have spiked Turkey’s energy import bill to alarming levels. The International Energy Agency (IEA) anticipates Turkey’s energy ...
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