This presentation examines the evolution of OPEC in the last 50 years and identifies some of the important structural changes in the oil market that has influenced OPEC behaviour. The presentation highlights the changing and evolving role of OPEC and proposes new approaches to analyse OPEC’s role in the oil price formation process.
Carbon leakage is a major concern for policymakers involved with environmental initiatives such as the European Union’s emissions trading scheme and similar cap-and-trade proposals in the United States Australia and elsewhere. This paper provides a framework for understanding the drivers underlying carbon leakage at the level of an individual sector in which only a subset […]
Price Demand and Market Structure for the Oil Industry: Distillates in the driver’s seat or Gasoline resurgence ?
In contrast to the findings of the recent BERR Committee enquiry into UK energy prices, Professor Philip Wright and Dr Ian Rutledge argued in their evidence to the Committee that the re-introduction of price control regulation is the only policy solution which can protect domestic consumers from being over-charged under the cover of rising wholesale […]
The structure of markets is often taken for granted. Companies trade in a commodity market because it exists and do not feel the need to enquire into its origins. But markets are not static entities and, in the case of the oil industry, they are in a constant state of evolution as new trading techniques […]
A new OIES paper on outlook of Russia’s gas productive capacity: ruble depreciation in 2015-18 helped Gazprom turn… https://t.co/BFnUnoazVe
Shrinking surplus – the outlook for Russia’s spare gas productive capacity https://t.co/25GVSHw2Qo
Rogers on Pacific Coast LNG plans and Shell’s approval to construct a $30 billion export terminal in British Columb… https://t.co/koheAUcCNa