PRIX Index predicts little change in the exports of the world’s 20 largest exporters due to politics Oil exports are expected to remain static in the world’s 20 largest exporters according to the latest release of the PRIX global index. The PRIX index forecasts political developments that can affect oil exports from the world’s 20 largest exports based on a
OPEC gulf producers look to stay the course for now A global over-supply of crude oil has sent the price for the commodity down to historic lows since June of 2014, when the prices for Brent and WTI crude were above $115 and $107 per barrel, respectively. Much of the decline in the prices came following the decision from OPEC
Source: PRIX Index Geopolitics in commodity markets can be one of the hardest factors to predict when forecasting global market movements. The most recent update to the PRIX Index, published April 30, showed an overall value of 56, meaning exports from the world’s 20 largest oil exporters are expected rise slightly. The PRIX Index polls experts from major petroleum-producing countries
New index could help predict political impacts on the international flow of oil Oil, like certain other minerals, is one of the most highly politicized commodities traded across the globe. When analysts try to predict what countries will be increasing exports, or where they will send their petroleum production, political risk is one of the great unknowns. Policy decisions by governments
