Petroleum Economist

Petroleum Economist is a monthly magazine that provides macro-economic and geopolitical analysis of the energy industry. It is owned by Euromoney Institutional Investor, part of the Daily Mail and General Trust.

History

Petroleum Economist magazine was founded in 1934 by Dr Oskar Tokayer, a flamboyant and immensely energetic Hungarian. Tokayer was an economics graduate from the University of Berlin. After World War I, he became a correspondent for several German national newspapers. When the Nazis came to power in 1933, Tokayer left Germany for The Hague. There he became convinced of the need for a reliable information source on oil matters. The first issue of Tokayer’s news and reports service on oil and allied industries appeared on 1 January 1934. It was published in English, French and German under the titles Petroleum Press Service, Service d’informations Pétrolières and Internationale Petroleum Korrespondez. The titles were published twice a month.

In April 1935 Tokayer moved to London and registered his company as Petroleum Press Bureau Ltd. In 1936, with the growth in the oil business and the steady enlargement of information sources, the paper was turned into a weekly edition. It now provided information on the economic and commercial aspects of the industry and included production, consumption, refining, international trade, transport, prices, company earning and taxation.