In this month’s special report, Energy Risk turns its focus to the world’s most actively traded commodity. The price of oil is uniquely important to the global economy. However, oil price forecasting is notoriously difficult – and even the best analysts get it wrong at a surprisingly frequent rate. In this article, Alexander Osipovich explores the reasons why forecasters have such a tough job cut out for them.
To these factors, another might be added: the political importance of oil and the temp