World Perspectives

Other Oil Producers Join OPEC Agreement to Reduce Production

Oil markets today reacted to the latest production cutback agreement among OPEC and other oil-producing nations. The question remains whether OPEC’s plan will still have such an impact six months from now.Oil markets closed up today to a near 18-month high on the news that an OPEC production cutback agreement was met with an agreement from more oil-producing nations to join in the reduction. The jump in price came despite the fact that any production caps won’t be in place until next month. According to an OPEC press statement, “The global oil market has witnessed a serious challenge of imbalance and volatility pressured mainly from the supply side. It has led to significant investment cuts in the oil industry, which has a direct impact on...

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Illuminating the value of technical research

On behalf of a commodity producer organization, WPI evaluated the outputs from a project that featured a $5 million investment into technical research over multiple years. WPI’s team captured the results of this extensive effort and synthesized them for presentation to the organization’s governing board; among the findings uncovered and presented for the first time was the development of genomic traits proven, via rigorous testing, to provide crop yield advantages of 50 percent or more to U.S. farmers in times of drought. Capturing measurable results from long-term efforts can be challenging. Educating clients on the dynamics of success measurement when quantifiable results are not readily available requires deep client-consultant collaboration and an ability to consider both near- and long-term client aspirations with market/policy dynamics – attributes that WPI brings to every consulting engagement.

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