The International Petroleum Cartel (reprint); Staff Report to the Federal Trade Commission Submitted to the Subcommitteeon Monopoly of ... August 22, 1952. [Reprinted] April 1975

The International Petroleum Cartel (reprint); Staff Report to the Federal Trade Commission Submitted to the Subcommitteeon Monopoly of ... August 22, 1952. [Reprinted] April 1975 PDF Author: United States. Congress. Senate. Select Committee on Small Business
Publisher:
ISBN:
Category :
Languages : en
Pages : 442

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Book Description

The International Petroleum Cartel (reprint); Staff Report to the Federal Trade Commission Submitted to the Subcommitteeon Monopoly of ... August 22, 1952. [Reprinted] April 1975

The International Petroleum Cartel (reprint); Staff Report to the Federal Trade Commission Submitted to the Subcommitteeon Monopoly of ... August 22, 1952. [Reprinted] April 1975 PDF Author: United States. Congress. Senate. Select Committee on Small Business
Publisher:
ISBN:
Category :
Languages : en
Pages : 442

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Book Description


The International Petroleum Cartel (reprint); Staff Report to the Federal Trade Commission Submitted to the Subcommitteeon Monopoly of ... August 22, 1952. [Reprinted] April 1975

The International Petroleum Cartel (reprint); Staff Report to the Federal Trade Commission Submitted to the Subcommitteeon Monopoly of ... August 22, 1952. [Reprinted] April 1975 PDF Author: United States. Congress. Senate. Select Committee on Small Business
Publisher:
ISBN:
Category :
Languages : en
Pages : 378

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Book Description


The International Petroleum Cartel

The International Petroleum Cartel PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 378

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Book Description


International Petroleum Cartel (reprint)

International Petroleum Cartel (reprint) PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 378

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Book Description


Stafreport to the Federal Trade Commission on the International Petroleum Cartel Submitted to the Subcommittee on Monopoly of the Select Committee on Small Business (of The) United States Senate, August 22, 1952

Stafreport to the Federal Trade Commission on the International Petroleum Cartel Submitted to the Subcommittee on Monopoly of the Select Committee on Small Business (of The) United States Senate, August 22, 1952 PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 378

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Book Description


The International Petroleum Cartel

The International Petroleum Cartel PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 378

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Book Description


The International Petroleum Cartel

The International Petroleum Cartel PDF Author: Etats-Unis. Senate. Select committee on small business. Subcommittee on monopoly and anticompetitive activities
Publisher:
ISBN:
Category :
Languages : en
Pages : 378

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Book Description


Trading and Price Discovery for Crude Oils

Trading and Price Discovery for Crude Oils PDF Author: Adi Imsirovic
Publisher: Springer Nature
ISBN: 3030717186
Category : Business & Economics
Languages : en
Pages : 262

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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.

Reply to the Staff Report to the Federal Trade Commission on the International Petroleum Cartel, Interstate Oil and Gas Compact Commission, Wichita, Kansas, Dec. 6, 1952

Reply to the Staff Report to the Federal Trade Commission on the International Petroleum Cartel, Interstate Oil and Gas Compact Commission, Wichita, Kansas, Dec. 6, 1952 PDF Author: Interstate Oil Compact Commission
Publisher:
ISBN:
Category :
Languages : en
Pages : 8

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Book Description


International Petroleum Cartel. Staff Report to the Federal Trade Commission

International Petroleum Cartel. Staff Report to the Federal Trade Commission PDF Author: United States. Congress. Senate. Select Committee on Small Business. Subcommittee on Monopoly
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 443

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Book Description