World Perspectives
energy

Strategic Petroleum Reserve: Half Full or Half Empty?

On 29 July, the U.S. Department of Energy (DOE) announced that it has purchased 4.65 million barrels of crude oil to be delivered to the Strategic Petroleum Reserve (SPR) between October and December 2024.  With this latest round, DOE has purchased 43.25 million barrels to replenish the SPR after emergency releases in 2022 to lower the cost of oil and gasoline. In its announcement, DOE stated that the full amount of 180 million barrels sold “following the unprecedented Russian war against Ukraine” have been “secured.” However, 140 million barrels come from long planned releases through 2027 that were cancelled in late 2022, thus there is not likely to be any market reaction to this announcement. Here's the back...

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FOB Prices and Freight Rates App (Updated 4 June)

WPI Grain Prices and Freight Rate App  **** Note: After our recent website update, we're having difficulty correctly linking the app to this page. Until we get this fixed, please visit the app directly via the link below. ***  https://worldperspectives.shinyapps.io/Combined_FOB_Price_...

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From WPI Consulting

Weighing in on strategic realignment

WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.

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