Liz Bossley has almost 50 years’ of experience in international oil markets, spanning trading, risk management, marketing and extensive involvement of contract negotiations.
Liz is the CEO of the Consilience Energy Advisory Group Ltd, which she established in 1999.
Consilience includes in its client list major and independent oil companies, utilities, shipping and pipeline transportation entities, regulatory authorities, taxation authorities, trade associations and futures exchanges.
Liz has acted as expert witness in a wide range of almost 60 trading disputes internationally in the field of oil, gas and emissions trading. This has involved appearances in both high courts and before arbitration panels.
She is a certified member of the Expert Witness Institute.
- ‘Trading Natural Gas in the UK’ published by Robert Mabro of the Oxford Institute for Energy Studies in October 1999.
- ‘The Hole in the Barrel’, a multi-client oil market study by Cambridge Energy Research Associates (CERA), published in December 2000.
- ‘Bossley’s Guide to Energy Conversions’, a text book putting energy numbers into context, published by Petroleum Economist in March 2002.
- Chapter 14 of ’40 Classic Crude Oil Trades’, edited by Owain Johnson published in 2021.
- Chapter 19 of the ‘Palgrave Handbook of Energy Economics’, edited by Giacomo Luciani and Manfred Hafner published in 2022; and,
- Author of Chapter 3 of the Palgrave Book “Brent Crude Oil: Genesis and Development of the World Most Important Oil Benchmark’, published in June 2023.
Additionally, author of numerous Consilience books and studies:
- ‘North Sea Oil: The Tools of the Trade’;
- ‘A Guide to Shipping Operations’;
- ‘Project Finance using the Forward Oil Curve’;
- ‘BFO: The Future Market’;
- ‘Climate Change and Emissions Trading: What Every Business Needs to Know; third edition published in June 2009’
- ‘A Precarious Peace in the Emissions Market’
- ‘Emissions Trading and the City of London’;
- ‘Brent: A User’s Guide to the Future of the World Price Marker’
- ‘UK Emissions Policy Options’
- ‘Delivering Copenhagen’
- ‘Trading Crude Oil: the Consilience Guide’
- Co-author of ‘Trading Refined Products: the Consilience Guide’
- ‘Saving the Brent Benchmark’
- Her latest study for the Journal of World Energy Law and Business, entitled “The Mythical Market Price of Oil” is scheduled for publication early in 2026
- Regular blogger on ‘Liz Out Loud’, https://ceag.org/liz-out-loud/; and,
- Creator of ‘Revenue Analysis, Apportionment and Hedging’ (RAAH) launched in May 2022. https://ceag.org/shop/web-apps/oil-field-production-and-revenue-raah-monthly-payments/
She was the joint author of a report to the G20 in October 2011 on oil price reporting agencies, on behalf of OPEC, the IEA, the IEF and IOSCO.
Areas of Expertise:
Oil:
Trading, transport, quantity/quality assessments, sales contracts, joint ventures, refining, value adjustment mechanisms and price benchmarking and indexation. She works with both physical and complex derivative instruments.
Shipping:
Logistics, contracts, supply, risk assessment. Hedging and risk management. Project finance, Pipelines, freight, Value adjustment mechanisms, Commodity markets, Commodity market regulation, Derivatives – swaps and options.
Energy Markets:
Crude oil and refined oil products.
