The Impact of Low Oil Prices on Demand, Supplies & the Petroleum Industry
The double squeeze on OPEC’s oil ouput caused by a fall in the world demand for oil and a rapid growth in non-OPEC supplies is preventing this organization from performing a price stablization role . The current oil price crisis is the consequence of these developments.
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Elasticities , Futures , Low-Oil Price Strategy. , Non-OPEC Supplies , Oil Price Crisis , Oil Prices , OPEC , Price Stabilization , Price Volatility , Spot Prices , Tariffs