The Political risk forecast for global oil exports (PRIX) index, a composite index which forecasts the effect of political developments on exports from major petroleum-producing countries run by the Norwegian Institute of International Affairs, was updated yesterday for the second quarter of 2016. The Index measures 46.60, down from 50.06 in the previous quarter. This indicates decline exports from the world’s 20 largest oil exporters, contributing to a rise in the oil price during the coming months (depending on how other factors such as shale oil and global economic growth work out). Sijbren de Jong acts as a country analyst for the PRIX index.
A full report can be read here.
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