PRIX index
The PRIX index is a financial indicator for international oil markets.[1] The index forecasts and sums up political risks in the world’s 20 largest oil exporting countries that may affect supply of oil to international markets.[2][3] It is based on the same methodology as a Purchasing Managers' Index. The index is produced by an unpaid network of experts and is published for free on the internet.[4]
Variations in oil exports are an important component of global oil price formation.[5] Thus, the PRIX index forecast may help identify potential trajectories of international price of oil on a quarterly basis. However, other factors (not only political risks) may also affect global balance between supply and demand of oil and thus shape the oil price.[6]
References
- ^ "Quantifying Political Risk". Oil&Gas Financial Journal. 2015-08-07. Retrieved 2015-09-26.
- ^ "Nuclear Negotiations, Restructuring at Chevron and a New Political Risk Index for Oil Markets". Alberta Oil Magazine. 2015-06-29. Retrieved 2015-09-26.
- ^ "PRIX index Q3 indicates rising oil exports". Scandinavian Oil-Gas Magazine. 2015-07-01. Retrieved 2015-09-26.
- ^ "PRIX".
- ^ "An Anatomy of the Crude Oil Pricing System" (PDF). The Oxford Institute for Energy Studies.
{{cite web}}: Check date values in:|date=(help) - ^ "A Detailed Analysis Into the Fundamental Factors Affecting Crude Oil Prices" (PDF).