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Oil demand: dependence or flexibility?

Abstract:

Iraq’s invasion of Kuwait, the boycott of Iraqi and Kuwaiti oil and the consequent surge of international oil prices mark the third major disruption on the oil market in the past two decades. The export reductions provoked by the Arab-Israeli war of 1973, the Iranian revolution of 1978-79 and the present Gulf crisis are very similar – amounting in each case to around 10 per cent of total world consumption. On all three occasions oil prices skyrocketed: the price of crude oil nearly quadrupled...

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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 Publisher's website
Series:
OIES paper
Publication date:
1990-01-01
Paper number:
GWO6
ISBN:
0948061464
Language:
English
Keywords:
UUID:
uuid:cb3dedf3-7fba-4631-9c76-7a30ead5aaa0
Local pid:
ora:10254
Deposit date:
2015-02-27

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