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Who makes the oil price? An analysis of oil price movements 1978-1982

Abstract:

A study of oil developments during 1978-82 may provide some important insights into the operation of the pricing mechanism for petroleum in international trade. First of all, this period enables us to study the behaviour of oil producers in both arising and a falling market. In 1979/80 excess demand pushed prices up more than threefold. Two years later the position changed to one of unprecedented excess supply, with OPEC producing at less than 55 per cent of capacity. As we shall see the evid...

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Publication status:
Published
Peer review status:
Reviewed (other)

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Institution:
University of Oxford
Research group:
Oxford Institute for Energy Studies
Role:
Author
Publisher:
Oxford Institute for Energy Studies
Series:
OIES paper
Publication date:
1984-01-01
Paper number:
M4
ISBN:
0948061030
Language:
English
Keywords:
UUID:
uuid:6c3c948d-dbee-4cf3-8cf3-2099c556fc6d
Local pid:
ora:10178
Deposit date:
2015-02-26

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