TSM: Forward Curve in Oil Markets

Forward curves in oil futures markets are extremely important to storage players. In Tank Storage Magazine, PJK International defines the general characteristics of the term structure of oil futures and links these with market fundamentals. The shape of the forward curve drives demand for storage capacity to a great extent.

Because of the strong relationship between forward curves and the storage business, it is extremely important to monitor and anticipate the shape of forward curves. Nevertheless, few fully understand the mechanics that drive forward curves.

TSM: Forward Curve in Oil Markets