Analysing Oil Prices

In this presentation, Dr Bassam Fattouh discusses three main approaches for analyzing oil prices: non-structural models, the supply-demand framework, and the informal approach. While non-structural models rely on the theory of exhaustible resources as the basis for understanding the oil market, the supply-demand framework uses behavioural equations that link oil demand and supply to its various determinants such as GDP growth, prices, and oil reserves. The informal approach on the other hand analyses oil price movements within specific contexts and episodes of oil market history. The latter approach is then used to identify some factors that have affected oil prices movements in recent years and analyses whether these drivers reflect structural changes in the oil market. This presentation is based on a paper titled: The Drivers of Oil Prices: The Usefulness and Limitations of Non-structural, Supply-Demand and Informal Approaches.

By: Bassam Fattouh

Latest Tweets from @OxfordEnergy

  • Oxford Energy Podcast – LNG Plant Cost Reductions 2014–18 https://t.co/Fd9U19aoqn

    January 18th

  • A review of new OIES study on LNG as shipping fuel: Northern Europe seen most substantial development of LNG as shi… https://t.co/VbioNQyn8B

    January 18th

  • New OIES study on LNG supply chains and development of LNG as a shipping fuel in N.Europe: LNG bunker fuel has not… https://t.co/NZIoe4uRxF

    January 16th

Sign up for our Newsletter

Register your email address here and we will send you notification of new publications, comment, articles etc. automatically.