Is Oil Data Becoming More Reliable?
Article from: OGEL 4 (2016), in Economic and Commercial Context for Oil, Gas and Energy Law
It is important that we look to provide rational and impartial supply and demand forecasts. We need to continually strive for more reliable and transparent data, to help alleviate uncertainty and volatility. -- HE Abdalla S. El-Badri , OPEC Secretary General, speaking at Chatham House, London, 27-28 January 2014 These words echoed similar sentiments expressed in June 1991 by another OPEC Secretary General, Dr. Subroto. At the time, Subroto's words inspired my late colleague Jack Hartshorn and me to examine the state of oil market information. We concluded, looking back over the ...