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Wood Mackenzie’s services include data, analytics, insight, events and consultancy across the renewables, energy and natural resources sectors. In 2015, the company was acquired by Verisk Analytics , an American data analytics and risk assessment firm, in a deal valued at $ 2.8 billion. [5]
Because of its excellent liquidity and price transparency, the contract is used as a principal international pricing benchmark. The first futures contracts on crude oil were traded in 1983, with the Chicago Board of Trade (CBOT) and the New York Mercantile Exchange (Nymex) both attempting to take advantage of the government's de-regulation of ...
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While there have been a variety of empirical studies on point forecasts (i.e., the "best guess" or expected value of the spot price), probabilistic - i.e., interval and density - forecasts have not been investigated extensively to date. [6] [11] However, this is changing and nowadays both researchers and practitioners are focusing on the latter ...
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Electricity price forecasting (EPF) is a branch of energy forecasting which focuses on using mathematical, statistical and machine learning models to predict electricity prices in the future. Over the last 30 years electricity price forecasts have become a fundamental input to energy companies’ decision-making mechanisms at the corporate ...
On 8 March 2020, Saudi Arabia initiated a price war on oil with Russia, which facilitated a 65% quarterly fall in the price of oil. [1] The price war was triggered by a break-up in dialogue between the Organization of the Petroleum Exporting Countries (OPEC) and Russia over proposed oil-production cuts in the midst of the COVID-19 pandemic. [1]
Approximately 1.9 billion barrels (300 × 10 ^ 6 m 3) of oil and 32.4 trillion cubic feet (9.2 × 10 11 m 3) [7] of natural gas were found in 73 discoveries, mostly in the two basins mentioned above, as well as further south in the Mackenzie Valley. Although certain discoveries proved large, the discovered resources were insufficient to justify ...