The OPEC price escalations of 1973-74 and 1979-80 have had a crucial effect on the world economy and on international trade. Non-OPEC countries have had t o adjust to higher petroleum prices. They have tried to develop alternative energy resources and have invested in various energy conservation measures.
The major increases in oil prices during the 1970s caused many changes in the socio-economic map of the Middle East, including substantially increased financial flows to and from the oil economies. In a short time, the oil exporters became also capital exporters. Some of the financial institutions managing these flows had to establish a presence […]
Demand Shocks, Supply Shocks and Oil Prices: Implications for OPEC https://t.co/mWubAQ8fmi
The Geopolitics of East Med Gas: Hyped Expectations and Hard Realities https://t.co/2BOXoOzDnr
OIES paper on China’s growing gas import dependency: Given gas been playing a growing role in China’s plans to clea… https://t.co/GNQeFWpQT9
A new OIES comment on how rising US crude exports into Europe could impact the Brent pricing system and its key lay… https://t.co/0x9VpWAxjp