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The current oil price cycle and reflections on Mabro’s work

Abstract:

Between 2011 and mid-2014, the oil price traded within a very narrow range, with quarterly average Brent prices exceeding the US$100/bbl mark for 14 consecutive quarters. This relative stability has been remarkable given the various shocks – ranging from macroeconomic shocks, to geopolitical shocks, to unplanned outages, and to supply shocks – that have hit the oil market. This relative price stability, however, was disrupted and since June 2014 the oil price has fallen sharply and price vola...

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Publication status:
Published
Peer review status:
Peer reviewed

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Department:
Oxford Institute for Energy Studies
Publisher:
Oxford Institute for Energy Studies Publisher's website
Journal:
Oxford Energy Forum
Volume:
100
Pages:
13-16
Publication date:
2015-01-05
ISSN:
0959-7727
Language:
English
Keywords:

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