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Der Rückgang der Rohölnachfrage hat die OPEC nicht geschwächt: Sechs Fragen an Franziska Holz

In: DIW Wochenbericht 76 (2009) 23, pp. 371-371

Persistent link: https://www.econbiz.de/10005025596

Oil Price Developments: Drivers, Economic Consequences and Policy Responses

Brook, Anne-Marie; Price, Robert W.R.; Sutherland, Douglas - Economics Department, Organisation de Coopération et … - 2004

This paper analyses the factors influencing the price of oil and its likely evolution over the next quarter century. It begins by investigating the fundamental forces shaping long-term oil price developments, highlighting the importance of growth-led demand for oil, particularly that emanating...

Persistent link: https://www.econbiz.de/10005045775

Mothballing in a duopoly: evidence from a (shale) oil market

Comincioli, Nicola; Hagspiel, Verena; Kort, Peter M.; … - 2020

The mothballing option has been studied in the literature, but mainly in decision theoretic frameworks. This paper looks at it from a strategic point of view and applies it to an incumbent-entrant framework. In particular, based on the recent strategic interactions between OPEC and the shale oil...

Persistent link: https://www.econbiz.de/10012306741

Mothballing in a Duopoly: Evidence from a (Shale) Oil Market

Comincioli, Nicola; Hagspiel, Verena; Kort, Peter M.; … - 2020

Persistent link: https://www.econbiz.de/10012419719

Not all oil types are alike

Güntner, Jochen; Irlacher, Michael; Öhlinger, Peter - 2023

Motivated by the European Union's debate on sanctioning crude oil imports from Russia, we estimate the elasticity of substitution between different crude oil types. Using European data on country-level crude oil imports by field of origin, we argue that crude oil is not a homogenous good and...

Persistent link: https://www.econbiz.de/10014364721

Speculation in Commodity Futures Markets, Inventories and the Price of Crude Oil

Byun, Sung Je - 2021

This paper examines the role of inventories in refiners' gasoline production and develops a structural model of the relationship between crude oil prices and inventories. Using data on inventories and prices of oil futures, I show that convenience yields decrease at a diminishing rate as...

Persistent link: https://www.econbiz.de/10013314658

OPEC and the Oil Market

Ilie, Livia - In: Romanian Economic Journal 9 (2006) 19, pp. 85-96

Despre OPEC s-a scris foarte mult în literatura de specialitate: de ce a fost creat, ce a realizat, încotro se îndreapta. Studiul comportamentului OPEC a devenit o afacere de proportii pentru profesori, consultanti, analisti politici. Nu numai companiile petroliere si bancile sunt dispuse sa...

Persistent link: https://www.econbiz.de/10010584111

Imperfect Cartelization in OPEC

Okullo, Samuel Jovan - 2016

restrictive than that of a Cournot-Nash oligopoly, is found to still be more accommodative than that of a perfect cartel. The … participation in the cartel. This is contrary to predictions of the standard cartel model that such producers should be allocated … relatively more stringent quotas. Furthermore, we find that cartel collusion is likely to be sustained for elastic than inelastic …

Persistent link: https://www.econbiz.de/10012996615

Actions Speak Louder than Words : econometric evidence to target tacit collusion in oligopolistic markets

Andreoli Versbach, Patrick; Franck, Jens-Uwe - 2013

Tacit collusion reduces welfare comparably to explicit collusion but remains mostly unaddressed by antitrust enforcement which greatly depends on evidence of explicit communication. We propose to target specific elements of firms' behavior that facilitate tacit collusion by providing...

Persistent link: https://www.econbiz.de/10009777055

OPEC, Saudi Arabia, and the shale revolution: Insights from equilibrium modelling and oil politics

Ansari, Dawud - In: Energy Policy 111 (2017), pp. 166-178

Why did OPEC not cut oil production in the wake of 2014's price fall? This study aims at aiding the mostly qualitative discussion with quantitative evidence from computing quarterly partial market equilibria Q4 2011 – Q4 2015 under present short-term profit maximisation and different...

Persistent link: https://www.econbiz.de/10012102479