The History of a Supply-Driven Bear Market: Oil Price Surprises from 2014 through 2015

By Jan-Hein Jesse, Founder, JOSCO Energy Finance and Strategy Consultancy (Amsterdam) and Member of the GCARD’s Editorial Advisory Board

This article is the first in a two-part series. The series will provide insights into the complex dynamics of oil price formation from 2014 onwards. Part 1 focuses on the events influencing the oil markets from 2014 through 2015 while Part 2, which will appear in the next issue of the GCARD, will cover the oil-market-moving events from 2016 through the present. The author previewed some of the work featured in this digest article during his Knowledge Exchange lecture at the JPMCC in April 2016.