An Anatomy of the Crude Oil Pricing System PDF Download
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Author: Bassam Fattouh
Publisher:
ISBN: 9781907555206
Category : Petroleum products
Languages : en
Pages : 83
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Book Description
Author: Bassam Fattouh
Publisher:
ISBN: 9781907555206
Category : Petroleum products
Languages : en
Pages : 83
Get Book Here
Book Description
Author: Bassam Fattouh
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Paul Leo Eckbo
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: John Mecheo
Publisher:
ISBN:
Category : Petroleum industry and trade
Languages : en
Pages : 48
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Book Description
Author: Paul Horsnell
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 360
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Book Description
The market for North Sea Brent Oil directly determines the price of over one-half of the world trade in crude oil. This study analyzes the workings of the oil market and describes how crude oil prices are determined throughout the world. It covers OPEC pricing, futures markets for oil, the impact of the UK taxation regime, and the mechanisms by which the world price of oil is determined. The text should be of benefit to those working in the areas of futures and forward markets, OPEC behaviour, North Sea oil, oil taxation and oil prices.
Author: Vernon H. Grigg
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Georgi Marinov
Publisher: LAP Lambert Academic Publishing
ISBN: 9783844324877
Category :
Languages : en
Pages : 68
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Book Description
The focus of the book is on the lessons that can be learned by "reading" the crude oil price term structure correctly - i.e. in formation of trading strategies or making forecasts. The analysis goes back to the period when trading crude oil was becoming popular and traces the conditions that led to the inevitable need for creating oil futures and markets where they are traded. The main aim of the book is to go into the details of the crude oil price term structure in order to understand how it reflects the prevailing market conditions and how the various market participants use it in their strategic decision-making activities. This book could be helpful to students who are interested in crude oil and the economics behind crude oil and crude oil products; to post-graduate students and researchers who are interested in deepening their knowledge of term structure as used in the crude oil industry; to professionals who want to explore the practical implications of concepts such as "contango" and "backwardation" and the hints one can get by interpreting correctly the crude oil price term structure for building a successful trading strategy.
Author: Adi Imsirovic
Publisher: Palgrave Macmillan
ISBN: 9783030717179
Category : Business & Economics
Languages : en
Pages : 253
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Book Description
This is a book about the international oil market. It takes a historical perspective on how the market emerged, developed, and became what it is today—the biggest commodity market in the world. It is mature and complex, but far from perfect. Throughout most of its 150-year history, the oil market has been monopolised by companies and governments. For only a fraction of that, oil traded in a relatively free market. As a result, we had to live with ‘big oil’, economic shocks, high oil prices, instability and wars. Using a simple concept of market power, this book will explain the meaning of ‘oil price’ and how it is established while offering a valuable lesson for other commodities. Market power is the key to understanding the ‘price of oil’. This book uses a simple concept of price-makers and price-takers to examine the evolution of oil markets, their structure, and prices. The early decades of the oil industry were competitive with low barriers to entry. Barely 25 years later, the Standard Oil company created a refining monopoly, buying oil at its own ‘posted’ price. In the following century, the cartel of major oil companies, helped by their governments, did the same at the international level. OPEC helped producing governments regain control of their own resources, but the organisation was never able to retain a similar level of control. After 1986 price collapse, OPEC abdicated the price-making function in favour of the market. While it never gave up attempts to influence prices, OPEC had to link their official prices to one of the global oil benchmarks. Modern international oil markets function because of oil benchmarks such as Brent, WTI and Dubai. This book showcases: • How oil traders played a prominent role in development of the industry • How policies of consuming nations helped oil cartels • Why and how the US price of oil was negative • How AI has changed the way markets operate and the way in which the markets are likely to change in future This book explores how oil markets grew, functioned, and have occasionally failed to do their job. The ecosystem of derivatives or ‘paper barrels’ trading in far greater volume than physical oil plays a very important role in mitigating risk. With this core tenant, setting the ‘price of oil’ is explained in detail.
Author: Joe Roeber
Publisher: Brookings Institution Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 110
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Book Description
Author: Robert Mabro
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 88
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Book Description
