products made from domestically produced crude oil have caused Arab oil exports to the rest of the world to decline. Third, the …

during 1975-2011. The goal is to disentangle fluctuations in OPEC and non-OPEC production and to derive consistent estimates … medium-run responses to a speculative demand shock differ between OPEC and non-OPEC producers, i.e., on average over the … sample period, OPEC members seem to curtail production, whereas non-OPEC supply expands significantly. Flow and speculative …

in late November 2014 OPEC announced that it would maintain current production levels despite the steady increase in non-OPEC …

Between January 2017 and March 2020 a coalition of oil producers led by OPEC and Russia (known as OPEC+) cut oil … coalition, as members did not agree on keeping the oil market tight in the face of a large negative demand shock. Yet, was OPEC …+ actually effective in sustaining the price of oil? Between 2017 and early 2020 when the OPEC+ strategy was in place, oil …

occurred when in late November 2014 OPEC announced that it would maintain current production levels despite the steady increase … in non-OPEC oil production. Both conjectures are perfectly reasonable ex ante, yet we provide quantitative evidence that …

In a simplified theoretical framework we model the strategic interactions between OPEC and non-OPEC producers and the … implications for the global oil market. Depending on market conditions, OPEC may find it optimal to act either as a monopolist on … the residual demand curve, to move supply in-tandem with non-OPEC, or to offset changes in non-OPEC supply. We evaluate …