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The dynamics of oil price determination

Abstract:

Our main aim is to look at the key dynamic shown by oil prices in 2007. That is shown in the shape and position of the forward oil price curve, in both the move up in price levels and the return to backwardation at the front of the curve.

However, before tackling those issues head on, we believe we need to take a fairly large step back and consider the nature of price determination. In particular, it appears to us that many of the differences in views on oil prices come down to meth...

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Publication status:
Published
Peer review status:
Peer reviewed
Version:
Publisher's version

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Authors


Paul Horsnell More by this author
Publisher:
Oxford Institute for Energy Studies Publisher's website
Journal:
Oxford Energy Forum Journal website
Volume:
November 2007
Issue:
71
Pages:
13-15
Publication date:
2007-11-05
ISSN:
0959-7727
URN:
uuid:54c03cc7-4331-4287-90c9-495fbd2170e1
Local pid:
ora:10956
Language:
English
Keywords:

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