IEA, IEF and Opec probe role of markets in oil crash

Impact of US shale, speculation and bank commodity exits high on the agenda

Oil E&P hedging
Hedging by US E&P firms helped bolster crude supply

The role of financial markets in the recent collapse of crude oil prices came under close scrutiny at a joint technical meeting of the International Energy Agency (IEA), International Energy Forum (IEF) and the Organization of the Petroleum Exporting Countries on March 30.

From a high of $115.06 a barrel (/bbl) on June 19 last year, front-month Brent North Sea crude oil futures crashed to below $50/bbl in January 2015. The front-month futures, which are traded at Atlanta-based Ice, stood at $55.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: