Author: Fariborz GhadarPublisher: Great Source Education Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
The Evolution of OPEC Strategy
Author: Fariborz GhadarPublisher: Great Source Education Group
ISBN:
Category : Business & Economics
Languages : en
Pages : 232
Book Description
An Analysis of OPEC’s Strategic Actions, US Shale Growth and the 2014 Oil Price Crash
Author: Mr.Alberto BeharPublisher: International Monetary Fund
ISBN: 1475534116
Category : Business & Economics
Languages : en
Pages : 36
Book Description
In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the global economy. We present a simple equilibrium model that explains the fundamental market factors that can rationalize such a "regime switch" by OPEC. These include: (i) the growth of US shale oil production; (ii) the slowdown of global oil demand; (iii) reduced cohesiveness of the OPEC cartel; (iv) production ramp-ups in other non-OPEC countries. We show that these qualitative predictions are broadly consistent with oil market developments during 2014-15. The model is calibrated to oil market data; it predicts accommodation up to 2014 and a market-share strategy thereafter, and explains large oil-price swings as well as realistically high levels of OPEC output.
The Rise and Fall of OPEC in the Twentieth Century
Author: Giuliano GaraviniPublisher: Oxford University Press, USA
ISBN: 0198832834
Category : Business & Economics
Languages : en
Pages : 445
Book Description
The most comprehensive history of the Organization of the Petroleum Exporting Countries (OPEC) and of its members, this study takes the reader from the formation of the first petrostate in the world, Venezuela, in the late 1920s, to the global ascent of petrostates and OPEC during the 1970s, to their crisis in the late-1980s and early- 1990s.
An Analysis of OPEC's Strategic Actions, US Shale Growth and the 2014 Oil Price Crash
Author: Alberto BeharPublisher:
ISBN:
Category :
Languages : en
Pages : 37
Book Description
In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the global economy. We present a simple equilibrium model that explains the fundamental market factors that can rationalize such a "regime switch" by OPEC. These include: (i) the growth of US shale oil production; (ii) the slowdown of global oil demand; (iii) reduced cohesiveness of the OPEC cartel; (iv) production ramp-ups in other non-OPEC countries. We show that these qualitative predictions are broadly consistent with oil market developments during 2014-15. The model is calibrated to oil market data; it predicts accommodation up to 2014 and a market-share strategy thereafter, and explains large oil-price swings as well as realistically high levels of OPEC output.
Shoulder Against Shoulder
Author: Michael C. LynchPublisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 72
Book Description
Strategies for OPEC's Pricing Decisions -- Revisited
Author: Dermot GatelyPublisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 44
Book Description
Crude Volatility
Author: Robert McNallyPublisher: Columbia University Press
ISBN: 0231543689
Category : Business & Economics
Languages : en
Pages : 336
Book Description
As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.
The Oil Market in the 1980s
Author: Dimitri AperjisPublisher:
ISBN:
Category : Technology & Engineering
Languages : en
Pages : 256
Book Description
OPEC - Long-Term Strategy
Author: OPEC.OPEC
Author: Bassam FattouhPublisher:
ISBN: 9781907555671
Category : Petroleum industry and trade
Languages : en
Pages : 25
Book Description