Hirschhausen, Christian von; Holz, Franziska; Huppmann, … - In: Weekly Report 5 (2009) 22, pp. 154-158
In spite of the sharp decline of crude oil prices since the fall of 2008, the current price level of approximately $65 per barrel is significantly higher than the long-term average. The market power of the Organization of Petroleum Exporting Countries (OPEC), which is partially responsible for...