It is often argued informally that demand responses to the major oil price increases of 1973 and 1979 were still not complete several years after the events. The evidence, moreover, is that the long-run price elasticity of demand exceeds the short-run price elasticity, both for energy aggregates and individual energy carriers (see Kouris, 1983, for […]
The recent history of the informal market f o r North Sea Brent blend has been of great interest to those studying commodity markets in general and the oil market in particular . Two aspects of this market gives it this important position. First, the very rapid growth inactivity in the Brent market means that […]
Our purpose in writing this paper is to relax two assumptions which dominate the theory of exhaustible resources and examine the implications for the stability of equilibrium. The first assumption postulates that a complete set of forward markets exists. The second postulates that asset and spot commodity markets clear instantaneously.
OIES's @thierry_bros interviewed by @Dukascopy_TV on a new narrative for gas in Europe. Europe is in a position to… https://t.co/L0eNUnQ6uP
Oxford Energy Podcast – Decarbonized Market Design: An Insurance Overlay on Energy Only Electricity Markets https://t.co/6CKiQNN4bR
New OIES study on Russia’s gas pivot to Asia: Barring a dramatic change in the terms of trade, it would now seem th… https://t.co/obkFQPlFy8