Imsirovic, Adi - 2021 - 1st ed. 2021.
, developed, and became what it is today—the biggest commodity market in the world. It is mature and complex, but far from perfect …, 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 …