OPEC and the Oil Market
نویسندگان
چکیده
منابع مشابه
Financial Crisis Contagion and the OPEC Oil Market
The impact of the financial crisis on the OPEC oil market is important to us as an important member of OPEC and an oil-exporting country with an oil-dependent economy. This study examines four networks, pre-financial crisis, US financial crisis, European debt crisis and post-financial crisis, using the contagion index and complex network for the period 2007-1-2 to 26-8-2019. The results show th...
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after second world war, demand for oil increased and in 1970s reached to its maximum growth. and naturally, providing this level of demand depended on much more import from opec, especially from middle eastern members. contemporaneous, in the early 1970s, some opec governments stopped granting new concessions and starting to claim equity participation in the existing concessions, with a few of ...
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According to “Hotelling rule” price of an “exhaustible resource” exceeds its marginal cost of production in perfect competition equilibrium by amount equal to the opportunity cost of depleting the resource now rather than next periods. This cost is called “scarcity rent”. Oil price exceeds its marginal extraction costs significantly. This can be attributed two different sources: effect of scarc...
متن کاملBehavioral changes in the organization of petroleum exporting countries (OPEC) in the crude oil world market
The main aim of this survey is to investigate the evolution of the OPEC mode of behavior and link the evolution to some important events in the (global) crude oil market. The dominant conclusion of this survey confirms that the primary purpose of OPEC has been to coordinate and unify the petroleum policies of its member countries, in order to secure their individual and collective interests. OP...
متن کاملanalysis of oil market efficiency) the case of opec (
in this paper, the random walk hypothesis and the opec oil market efficiency have been examined. the random walk hypothesis states that prices are completely stochastic in nature so that they have 'no memory'. in its weak-form, changes in prices occur stochastically and, as a result, the random walk behavior of prices is usually used to test the weak-form efficiency. in order to study the rando...
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ژورنال
عنوان ژورنال: IMF working paper
سال: 2022
ISSN: ['1018-5941', '2227-8885']
DOI: https://doi.org/10.5089/9798400219788.001