Tools - Modelling Systems

Oil Market Model - Developments in 2009 and 2010

The oil market model is a critical duplication of professor’s Darmot Gately model (Dermot Gately , ‘OPEC's Incentives for Faster Output Growth’, Energy Journal, 25(2) 2004, 75-96).

The ECN model (code) has been under development in 2009 and is planned to be finalized in 2010. Since the beginning of 2010, the validation procedure of the model has started. The model is being compared with historical data and the results of relevant publications.

For more information please contact Jeroen de Joode.