Adam Czyzewski

Archives for Energy

No one expected last Wednesday’s announcement by the OPEC cartel that it had struck a deal to reduce crude output by almost one million barrels a day. The news immediately triggered a 6% surge in oil prices. So what lies ahead? How does this decision affect our expectations outlined in the 2015 Integrated Report? http://raportzintegrowany2015.orlen.pl/en/our-orlen-strategy/outlook-2016-plus.html… » read more

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Empirical knowledge of innovations can be gained from the IT sector, which abounds in new ideas and innovations. Looking at how quickly tablets and smartphones became commonplace in our daily lives, it seems that in only a decade we may expect to see our roads travelled by electric cars and electricity being generated using wind… » read more

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In Q2 2016, the situation on the global oil market unfolded in line with our expectations. Oil prices continued on an upward trend started around mid-January 2016. On the back of stronger demand (fuelled by low prices) and unforeseen events, which amplified the factors with a bearing on supply, the average price of Brent crude… » read more

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Random forecast

Not a day goes by without me being asked about future oil prices. And all discussions that follow end with the inescapable conclusion that oil prices cannot be predicted. This is a complete reversal in the way of thinking about the future from 8–10 years back, when most business decisions in the energy sector hinged… » read more

Posted by adamczyzewski

Last year, we outlined our expectations as to crude oil prices and margins over the coming two years. We anticipated substantial daily fluctuations as part of shorter or longer cycles, painting a statistical picture of the search for the marginal cost of production, as yet undetermined, providing a new frame of reference for oil prices.… » read more

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A Saudi Arabian vessel carrying crude oil has recently put into port in Gdańsk. The event would have likely gone unnoticed had it not been for Rosneft CEO’s comment that it marked another stage in Saudi Arabia’s battle for a share in the market. Why has a small delivery sparked such a heated debate? Saudi… » read more

Posted by adamczyzewski