In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the global economy. We present a simple equilibrium model that explains the fundamental market factors th...

In the initial models of economic growth, economic factors entered in to models but in the following models, non-economic factors entered in to models. Many broad studies were done on this subject by the economists, and already considerable results were obtained. Subjects such as corruption in the administrative bodies were new variables entering the literature of economic growth at that stage....

this paper investigates the impacts of economic and financial developments on environmental pollution for 6 opec countries using panel cointegration and panel long-run estimator (dols) over the period 1980–2008.  the results shows that both economic and financial development have significant effect on the environmental quality in selected opec economies. the findings not support the existence o...

This Joint Report does not necessarily express the positions of the member countries of IEA, OECD and the World Bank, and those of OPEC and of the Governments it represents. IEA, OPEC, OECD, and the World Bank assume no liability or responsibility whatsoever for the use of the data or analyses contained in this Joint Report and nothing in this Joint Report shall be construed as interpreting or ...

This study estimates three hypotheses of OPEC behavior: market-sharing, target revenue and competitive model for the period 1980 to 2000 for all OPEC courtiers except Iraq. To examine co-integration relation for oil production, we use ADF test in OLS estimation. Also we use ARDL approach to examine these hypotheses and the long run relationship of them. Results indicate none of three hypotheses...

This article examines the real convergence hypothesis in OPEC countries (Algeria, Angola, Ecuador, Gabon, Indonesia, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela) using time series techniques and allowing for structural breaks. The main results show lack of support for income convergence in OPEC countries. We only find evidence of catch-up with the...

in the initial models of economic growth, economic factors entered in to models but in the following models, non-economic factors entered in to models. many broad studies were done on this subject by the economists, and already considerable results were obtained. subjects such as corruption in the administrative bodies were new variables entering the literature of economic growth at that stage....

This Joint Report does not necessarily express the positions of the member countries of IEA, OECD and the World Bank, and those of OPEC and of the Governments it represents. IEA, OPEC, OECD, and the World Bank assume no liability or responsibility whatsoever for the use of the data or analyses contained in this Joint Report and nothing in this Joint Report shall be construed as interpreting or ...

This Joint Report does not necessarily express the positions of the member countries of IEA, OECD and the World Bank, and those of OPEC and of the Governments it represents. IEA, OPEC, OECD, and the World Bank assume no liability or responsibility whatsoever for the use of the data or analyses contained in this Joint Report and nothing in this Joint Report shall be construed as interpreting or ...