Middle East Economic Survey

VOL. XLVII

No 38

20-September-2004

OIL PRICES

Oil Derivatives An Alternative For Funding Projects, Says CEAG

With oil prices at historically high levels and upstream asset trading buoyant, companies should be looking at oil derivatives as a method of financing projects, according to Londons Consilience Energy Advisory Group Ltd (CEAG). In the report Project Financing Using The Forward Oil Curve, published in early September, CEAG argues that the forward oil price curve...