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...

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...

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 competition...

Der Preis für Rohöl hat sich seit der Jahrtausendwende erheblich erhöht. Für Deutschland wurde der Preisanstieg durch die Aufwertung des Euro gegenüber dem US-Dollar leicht gedämpft. Aus Sicht der Verbraucher macht sich der Ölpreisanstieg besonders deutlich an den Tankstellen bemerkbar....

Oil markets are extremely complex, characterized by an interplay of economic, political, technological and ecological issues. The paper begins by pointing to the high ratio between fixed and variable costs as a characteristic of the oil sector in all its production stages. Then the story of the...

Europe's dependence on Russian gas imports has been the subject of increasing political concern after gas conflicts between Russia and Ukraine in 2006 and 2009. This paper assesses the potential impact of Russian unreliability on the European gas market, and how it affects European gas import...

In December 2022, following Russia's invasion of Ukraine, a G7-led coalition of countries imposed a $60 per barrel price cap on the sales of Russian oil that use western services. This paper provides a theoretical and quantitative analysis of this new tool. We build a tractable equilibrium model...

This paper proposes a partial equilibrium model to describe the global crude oil market. Pricing on the global crude oil market is strongly influenced by price indices such as WTI (USA) and Brent (Northwest Europe). Adapting an approach for pool-based electricity markets, the model captures the...