Aune, Finn Roar; Mohn, Klaus; Osmundsen, Petter; … - In: Energy Economics 32 (2010) 2, pp. 389-398
We explore a hypothesis that a change in investment behaviour among international oil companies (IOC) towards the end of the 1990s had long-lived effects on OPEC strategies, and on oil price formation. Coordinated investment constraints were imposed on the IOCs through financial market pressures...