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.
.@katyafimava on #NS2 for Lithuanian broadcaster: by choosing not to delay a permit further, Denmark would be suppo… https://t.co/aAfL7JKGJZ
New OIES paper: Oilsands firms have shown financial resiliency through cost reduction & vertical integration but se… https://t.co/npp6Nff3mL
Saudi Arabia’s Next Oil Move https://t.co/3SxvDUpSWE
Between 20-30 mb based on difference between tanker- tracking estimates & official customs data gone into bonded ta… https://t.co/SEEfIzEVwn