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Users of PIRA's Oil Price
Portal benefit from: |
- Speedy access to PIRA’s latest price
forecasts — all developed through internally
consistent methodology, across commodities and
regions.
- Ability to create and store custom price
spreads using the Price Equation Manager (go to
the next page) — up to 100 custom relationships
composed of essentially an unlimited number of
terms, including the ability to include a custom
freight scenario.
- Options to view data in 16 different
currencies — real or nominal — or in different
units.
- Advanced charting capabilities.
- Exporting utility into Excel/CSV/PDF
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Sample data table from the Energy Price Portal
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Value-Added Enhancement to
Your Retainer Services |
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The portal is more than just a convenient way to access
PIRA’s forecast data. It also features PIRA's
Price Equation Manager, an innovative tool that allows
users to integrate various price inputs and individual
adjustment factors (including transportation economics)
to create custom spreads or netbacks, which can then be
stored for easy updating. No more fumbling
through multiple data sources and no more tedious
calculations. Hours of work can now be executed — and
re-executed using updated forecasts — in seconds.
See below for a demonstration.
The Portal’s forecast horizons include both
short-term — monthly averages to December 2010 — and long-term
(annual averages to 2025). The short-term forecasts are
typically updated at the beginning of the month (after
release of end-month reports). Long-term forecasts are
updated periodically.
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Creating a Custom Price
Spread Using the Portal’s Price Equation Manager |
The Price Equation Manager is a key feature of the
Energy Price Portal. It gives the user the ability to
define, analyze and store up to 100 custom price
spreads. This is how it works using oil data:
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With the Equation Manager:
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Refiners can store
individual configurations and use PIRA’s forecasts
to project refinery margins by month through 2008
and annually through 2020, with automatic updates.
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Producers can now store
individual crude value equations tied to regional
markers and key price-setting crudes for the future.
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Traders can use these spread
relationships as a predictive tool in forecasting
price development and in planning, trading, and
hedging strategies.
Further, users with access to the Freight Market
Portal can add their own transportation components to
assess product sales netbacks from all major regional
markets.
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Prices Contained in the
Energy Price Portal
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*Some Oil Retainer clients do not currently have
access to all prices. Contact your
PIRA sales representative for an explanation. |
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Use the Freight Equation
Manager to Improve Your Custom Price Spreads |
Clients to
PIRA’s Freight Market Outlook
Portal can use the Freight Equation Manager to
define, analyze and store custom freight profiles in
the form of multi-variable equations. For example,
if a user wanted to calculate the cost of
transporting North Sea crude to Northwest Europe,
including an adjustment for insurance and other
incidental costs, he could set this up and save it
as a named configuration scenario. It would then be
automatically updated and available for viewing or
downloading each time he logged on to the Portal.
Users can store individual configurations and use
PIRA's forecasts to project freight rates with
automatic monthly updates. By integrating
your own transportation calculations with the Energy
Price Portal, product sales netbacks from different
regional markets can be assessed simultaneously.
Complete list of routes.
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The FMO Portal’s Freight Equation Manager |
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*Available only to clients of PIRA’s
Freight Market Outlook. |
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