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Oil price differentials : markets in disarray

Subtitle:
OIES paper: GWO3
Abstract:

The conventional wisdom about the current behaviour of oil prices is essentially very simple. It is comprised of two assertions and then an inference. It runs as follows. First, there is no physical shortage in oil markets. Secondly, there is no stockbuilding (or “hoarding”) at least not by the important oil companies. The price rises in oil markets since the Iraqi invasion of Kuwait can then only be due to “psychology” and “sentiment”. These latter terms have dismissive connotations. They su...

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Publication status:
Published
Peer review status:
Reviewed (other)
Version:
Publisher's version

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Publisher:
Oxford Institute for Energy Studies Publisher's website
Publication date:
1990
URN:
uuid:4319263e-8949-477e-befa-0a2ced48e154
Local pid:
ora:10229
ISBN:
0-948061-42-1

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