In June 2010 Belarus – the former Soviet country that does not feature too often in European media – attracted many headlines because of its transit dispute with Russia’s Gazprom. Presented with an ultimatum to repay its gas debt it five days or face supplies cuts, Belarus confronted Gazprom with a counter-demand to pay the […]
This comment analyses the oil price dynamics in 2009 arguing that 2009 represents a remarkable year in at least two respects: it witnessed the sharpest increase in spot oil prices in decades; and in the second half of 2009 it exhibited a high degree of relative stability despite a very uncertain and volatile global economic […]
The proposal for a crude oil price band seems to be gathering support. This comment discusses some of the limitations of an oil price band then it proposes a new framework for understanding the recent dynamics of oil price movements based on feedbacks. Rather than aiming at stabilising spot prices within a band the comment […]
The purpose of this paper is to investigate the stability properties of a non-titonnement price and a monetary adjustment mechanism involving two countries: one oil-exporting and one oil-importing. Its distinguishing characteristic is that it brings together some elements of the theory of exhaustible resources and the modern balance-of-payments theory using a Bicksian, temporary equilibrium framework.
New OIES Podcast discusses the impact of the energy transition on energy investments with companies seeking higher… https://t.co/KBc56KNKLZ
Oxford Energy Podcast – Energy Transition, Uncertainty, and the Implications of Change in the Risk Preferences of F https://t.co/RNXdsSxacz
Oil and Gas in a New Libyan Era: Conflict and Continuity https://t.co/1nwjuVE0VO