BP’s oil spill to tighten global oil supply - report
The explosion on BP's Deepwater Horizon oil rig, from the Macondo oil well in the Gulf of Mexico in April will slash US oil production and as a consequence tighten global oil supply as regulators use the disaster to impose stricter rules on exploration, drilling, operations and physical infrastructure, says Barclays Capital in its latest report Global Energy Outlook: Value after Macondo.
Barclays Capital added that the oil price for the end of 2010, which currently stands at $90 barrel (bbl)
More on Oil & refined products
Energy Risk Europe Leaders’ Network: geopolitical risk
Energy Risk’s European Leaders’ Network had its first meeting in November to discuss the risks posed to energy firms by recent geopolitical developments
US shutdown leaves commodity traders without key data
Commodity traders are ‘flying blind’ without Commitment of Traders reports
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Why Iran tensions failed to rattle markets
Despite initial fears, traders say risks were signposted and investors had deleveraged after April
Oil and products house of the year: Macquarie Group
Energy Risk Awards: Bank pioneers innovative deals in illiquid markets, taking on esoteric risk
Podcast: should negative oil prices be allowed?
Did negative oil prices signify the market was operating effectively, or that something was wrong?
Podcast: the future of retail investment in oil
Will negative prices and big losses curb retail investors’ appetite for oil futures over the longer term?
Podcast: Kaminski and Ronn on negative oil and options pricing
The market is gravitating to the Bachelier model as an alternative to Black 76
