In this special report, Paul Hailey, Managing Editor of Platts Forward Curve-Oil at Platts, looks at how
end-users and producers have adapted their strategies in response to prices significantly lower than those
in July 2008, and whether reduced volatility means a clearer view of forward prices. In addition, market
participants describe what they see as the main considerations for hedgers at the moment and report on
how active end-users and producers have been so far this year.