AM-07-45 Crude Oil Price Forecasting: A Statistical Approach

Description:

This presentation provides an alternative for forecasting prices and margins of crude oil and refined products employing stochastic models, decades of experience in the industry, and information about future capacity additions or deductions. The presentation will discuss the fundamental structure of a stochastic model, the intricacies of the oil industry, how it differs from other industries in the basic supply, demand, and pricing relationship, and the expected behavior of this relationship for the next several years and their impact on pricing.