By making use of coefficients of cooperation [8] in a global oil model where OPEC producers are the dominant players … and non-OPEC is the competitive fringe, we ask whether OPEC producers have strong incentives for imperfect collusion …. First, assuming that OPEC members withhold supply only when their profits are increasing in the level of cooperation, we …

OPEC producers, individually or collectively, often make statements regarding the “fair price” of crude oil. In some …” statements made from 2000 through 2010 by officials from OPEC or OPEC member countries. Visually, the “fair price” series looks …

The impact of the OPEC cartel on crude oil prices is the subject of considerable discussion in the literature but there … to 1990 and from 1997 to 2003. OPEC production volatility differs considerably from non-OPEC production volatility over … cluster including both OPEC and non-OPEC nations. It appears the marked dichotomy between OPEC and non-OPEC producers is no …