There are over 150 different types of crude oil around the world, all contributing to the extreme volatility in the oil market.

Developing countries and small independent oil and gas companies are now playing a major part in this market with crudes differing in quality from those principally traded on the NYMEX (WTI) and IPE(Brent).

At Petroleum Insight, we look to determine the economic evaluation for all crudes based on their chemical and physical properties. We believe the adjustment to be essential, especially for developing countries and small independent companies who often rely on major energy companies to sell their crudes on their behalf.

Until recently, gas was thought to be a homogeneous product. Today, however, the Wobbe Index (WI) is used as the main indicator of the interchangeability of fuel gases such as natural gas LPG and town gas. Its value is given by the higher heating value divided by the square root of gas specific gravity with units commonly given in BTU per standard cubic foot.

At Petroleum-insight, we use this Wobbe Index to compare the combustion energy output of different composition fuel gases in appliances like cookers, fires and more. We look at gas fields belonging to our clients and advise them on which markets are suitable for the best development of the gas value chain.

The scale of risks facing energy market participants is unprecedented. In this light, both proper managing, or at the very least proper understanding of the risks is critical for one’s ability to make proper investment, operational, and contractual decisions. We use all tools, both qualitative and quantitative to assess market risks (macro-economics or political risks) and operating risks among many others.

From the financial world, methodologies best suited to the energy industry are applied for proper risk measurement and analysis. In an environment strongly affected by volatile prices, risk management often is the difference between making millions and losing big.

Strengthening their position at the negotiation table by increasing their technical and managerial capabilities is something we provide to our clients interested in dealing with producing countries or oil companies. In both oil and gas, clients need to be aware of the major issues of interest to come to the agreement they expect.

We run simulation meetings for our clients where we present them with all the possible angles and difficulties the other party may have in store for them. We keep those meetings as close to reality as possible with our best energy lawyers conducting challenging brainstorming sessions.