, with the best fit obtained by the scenario of an OPEC oligopoly. We conclude that the price indices indeed are important on … the global crude market in determining the prices and flows, and that OPEC effectively exerts market power, but in a non …

specific cost function characteristics of extractive industries. The model captures the increase of OPEC market power before …

specific cost function characteristics of extractive industries. The model captures the increase of OPEC market power before …

Despite the adherence to the commitments according to the OPEC+ deal on the joint efforts to cut production, during … the back of stabilized world crude oil prices. Collapse of the OPEC+ deal has created risks for the outbreak of the price …

In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts … explains the fundamental market factors that can rationalize such a "regime switch" by OPEC. These include: (i) the growth of … US shale oil production; (ii) the slowdown of global oil demand; (iii) reduced cohesiveness of the OPEC cartel; (iv …

reduction of excessive oil supply and consequently oil price hike. However, risks remain emanating from the OPEC member states … counterbalanced by the production growth in the OPEC. Russian oil sector demonstrates positive dynamics and rather high investment …

recent strategic interactions between OPEC and the shale oil industry, we conduct a case study where the incumbent OPEC is a …

Why did OPEC not cut oil production in the wake of 2014's price fall? This study aims at aiding the mostly qualitative … competition permanently (as supported by model results), the agreement of December 2016 should not be misunderstood as an OPEC …

A model of global oil production is applied to study cartelization by OPEC countries. Writing out the shadow price on … that different OPEC members to collude. We find that heterogeneity in OPEC and the supplies of the non-OPEC fringe create … strong incentives against OPEC cooperation. OPEC's optimal supply strategy although observed to be substantially more …

specific cost function characteristics of extractive industries. The model captures the increase of OPEC market power before …