| Author | : Paul W. MacAvoy |
| File Size | : 51,6 Mb |
| Publisher | : Unknown |
| Language | : English |
| Release Date | : 18 June 1982 |
| ISBN | : STANFORD:36105037382384 |
| Pages | : 234 pages |
Download or read online Crude Oil Prices as Determined by OPEC and Market Fundamentals written by Paul W. MacAvoy, published by Unknown which was released on 1982. Get Crude Oil Prices as Determined by OPEC and Market Fundamentals Books now! Available in PDF, ePub and Kindle.
Get BookHow much does speculation contribute to oil price volatility? We revisit this contentious question by estimating a sign-restricted structural vector autoregression (SVAR). First, using a simple storage model, we show that revisions to expectations regarding oil market fundamentals and the effect of mispricing in oil derivative markets can be observationally
Get BookThe market for North Sea Brent Oil directly determines the price of over one-half of the world trade in crude oil. This study analyzes the workings of the oil market and describes how crude oil prices are determined throughout the world. It covers OPEC pricing, futures markets for oil, the
Get BookUntil as recently as the late 1970s, the main channel for oil distribution was the integrated system of the major oil companies, while the volume of spot trading was limited to roughly 5 percent of the total oil trade. Today, spot and spot-related deals account for 80 to 85 percent of internationally traded
Get BookThis paper studies the historical importance of OPEC for oil price fluctuations. An event-study approach is used to identify the effects of OPEC announcements on oil price fluctuations. Results show that price volatility is higher than typical around OPEC meetings. Also, members' compliance, a proxy for credibility, has strongly fluctuated
Get BookEconomists have proposed a large variety of models of the oil market and this survey integrates them in a coherent framework.
Get BookGlobal oil markets were roiled by sharp price swings in 2008, and economists are still divided over the reasons for the unusual volatility. Those emphasizing fundamentals point to inelastic supply and demand curves, others view the phenomenon mostly as a result of financial investors flocking into commodity markets. This paper attempts
Get BookIt’s a fair bet that most of what you think you know about oil prices is wrong. Despite the massive price fluctuations of the past decade, the received wisdom on the subject has remained fundamentally unchanged since the 1970s. When asked, most people – including politicians, financial analysts and pundits –
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