Search Results: oil-markets-and-prices-the-brent-market-and-the-formation-of-world-oil-prices

Oil Markets and Prices

The Brent Market and the Formation of World Oil Prices

Author: Paul Horshell,Robert Mabro

Publisher: Pennwell Corporation


Category: Technology & Engineering

Page: 334

View: 3690

Öl im 21. Jahrhundert - Band II

Alternativen und Strategien

Author: Steffen Bukold

Publisher: Oldenbourg Verlag

ISBN: 3486599801

Category: Business & Economics

Page: 220

View: 2979

In diesem zweiten Band eines zweibändigen Werkes stellt der Autor die Alternativen zum Erdöl vor, die von Biokraftstoffen über Ölsande bis hin zum synthetischen Öl reichen. Im Anschluss daran werden die ölpolitischen Strategien der wichtigsten Konsumentenländer vorgestellt und abschließend Thesen zur künftigen Ölpolitik entwickelt.

Domestic Regulation and Service Trade Liberalization

Author: Pierre Sauve,Aaditya Mattoo

Publisher: World Bank Publications

ISBN: 0821383434

Category: Political Science

Page: 244

View: 7705

Trade in services, far more than trade in goods, is affected by a variety of domestic regulations, ranging from qualification and licensing requirements in professional services to pro-competitive regulation in telecommunications services. Experience shows that the quality of regulation strongly influences the consequences of trade liberalization. WTO members have agreed that a central task in the ongoing services negotiations will be to develop a set of rules to ensure that domestic regulations support rather than impede trade liberalization. Since these rules are bound to have a profound impact on the evolution of policy, particularly in developing countries, it is important that they be conducive to economically rational policy-making. This book addresses two central questions: What impact can international trade rules on services have on the exercise of domestic regulatory sovereignty? And how can services negotiations be harnessed to promote and consolidate domestic policy reform across highly diverse sectors? The book, with contributions from several of the world's leading experts in the field, explores a range of rule-making challenges arising at this policy interface, in areas such as transparency, standards and the adoption of a necessity test for services trade. Contributions also provide an in-depth look at these issues in the key areas of accountancy, energy, finance, health, telecommunications and transportation services.

Global Resources

Conflict and Cooperation

Author: R. Dannreuther,W. Ostrowski

Publisher: Springer

ISBN: 113734914X

Category: Political Science

Page: 276

View: 4695

This EU-funded project examines the dynamics of conflict, collaboration and competition in relation to access to oil, gas and minerals. It involves 12 different institutions from across the EU and examines oil, gas and other minerals - spanning geology, technology studies, sociology, economics and political science.

China Engages Global Governance

A New World Order in the Making?

Author: Gerald Chan,Pak K. Lee,Lai-Ha Chan

Publisher: Routledge

ISBN: 113544997X

Category: Political Science

Page: 296

View: 7732

This book focuses on China’s increasing involvement in global governance as a result of the phenomenal rise of its economy and global power. It examines whether and in what ways China is capable of participating in multilateral interactions; if it is willing and able to provide global public goods to address a wide array of global problems; and what impact this would have on both global governance and order. The book provides a comprehensive assessment of China’s increasing influence over how world affairs are being managed; how far China, with increasing clout, interacts with other major powers in global governance, and what the consequences and implications are for the evolving global system and world order. This book is the first to explore China’s engagement with global governance in traditional and new securities.

Energie en Europa

Author: N.A

Publisher: N.A

ISBN: 9789282636657

Category: Power resources

Page: 176

View: 6786

Petroleum Review

Author: N.A

Publisher: N.A


Category: Petroleum

Page: N.A

View: 5501


Author: N.A

Publisher: N.A



Page: N.A

View: 1493

Oil in the 21st Century

Issues, Challenges and Opportunities

Author: Robert Mabro

Publisher: Oxford University Press, USA

ISBN: 9780199207381

Category: Business & Economics

Page: 351

View: 1859

Oil is hitting the headlines once again. The big increases in oil prices over the past two years are upsetting consumers and puzzling producers. The reasons are difficult to understand, since few people are familiar with the complex workings of the price regime for oil in international trade.It is said that sluggish investment is a major cause, but what are the reasons for inadequate investment in oil producing and refining plants during the last 20 years? Does oil have a future? We are told that oil production will soon peak because the rate of production is higher than replacement rates. Climate change problems are casting a shadow over the future of fossil fuels. There may, however, be a solution to the nefarious CO2 emissions in, for instance,technologies that sequestrate carbon. Oil's stronghold is the transport sector: cars, trucks, railway engines, planes, ships. The demand for oil would suffer a fatal blow if technical innovations in car engines make it possible to use an alternative fuel to petrol or diesel. New energy sources -wind, solar, tide, waves, geo-thermal - are both renewable and environment-friendly. Do they represent a threat to the future of oil? An international team of experts addresses these highly topical questions in this comprehensive volume.

Iraq Oil and Gas Papers 2010

Author: Muhammed Abed Mazeel

Publisher: disserta Verlag

ISBN: 3942109581

Category: Oil and gas leases

Page: 128

View: 9910

This book contains my articles from 2010. I have tried to examine some of the technical problems in the current oil and gas industry in Iraq. In the geology/geophysics and reservoir engineering section, I used the available information and in some cases, I estimate to fill the gap in the existing data. International contracts usually differ from case to case or from field to field; in Iraq, TSC and PSC still have unclear contract conditions and public information is not enough for the detailed calculation needed for exact NPV and IRR. Additional concerns are the cost estimation down structure and geopolitical strategies of Iraq. The management of the existing oil and gas institutions in Iraq is one of the most urgent problems the country is facing. The restructuring of companies and the Ministry of Oil is generally addressed in my articles. I have also illustrated many possibilities for the restructuring and reorganization of the development of managerial and marketing systems. In the rebuilding of the country, and specially, the oil and gas industry in Iraq, there needs to be more investigation into how to optimize the exploitation of natural resources for better economic benefits for all parties (the owner of the resources as well as International oil companies). The close cooperation between the Ministry of Oil in Iraq and the IOCs and state oil should be open for reorganization and restructuring in order to benefit the entire country and to develop the process of integration in international markets."

Middle East Contemporary Survey 1991

Author: Ami Ayalon

Publisher: The Moshe Dayan Center

ISBN: 9780813318691

Category: Political Science

Page: 767

View: 6501

This is the fifteenth volume in a series that provides up-to-date summation and evaluation of the rapidly changing events in an exceptionally complex region of the world. This volume covers the period January through December 1991 and offers in-depth analysis of the Gulf War, the U.S.-inspired peace negotiations, the surge of Islamic sentiment in a number of countries, and inter-Arab relations in the wake of the Gulf War. In addition, a comprehensive survey of the affairs of each country is provided.

Managing Regional Energy Vulnerabilities in East Asia

Case Studies

Author: Daojiong Zha

Publisher: Routledge

ISBN: 1136206698

Category: Political Science

Page: 216

View: 5473

This book examines East Asia’s inter-state collaborative energy projects to address energy vulnerability. It focuses on projects that have demonstrated effectiveness in addressing vulnerabilities faced by the ten states of the Association of Southeast Asian Nations and China, Japan, and South Korea in Northeast Asia. Including case studies on uncertainties in external sources of oil and gas supply, maritime piracy, continuation of energy poverty, and geographical barriers to cross-border electricity interconnection, expert contributors highlight how collaborative energy projects have been more successful than the traditional state rivalry in energy-related issues. The book develops the framework of energy vulnerability, avoiding usual securitization approaches, instead examining non-traditional security conceptualizations in studying energy policies to examine how issue-specific cooperation efforts between states arise and develop. Using East Asia as a starting point, contributors introduce a framework that advances the study of international energy cooperation. Managing Regional Energy Vulnerabilities in East Asia will be of interest to students and scholars of Asian studies, sociology, development studies, and international political economy particularly the political economy of East Asia, energy and development studies, regional and global governance of energy and the environmental economics.

Energy Markets

Price Risk Management and Trading

Author: Tom James

Publisher: John Wiley & Sons

ISBN: 1118580478

Category: Business & Economics

Page: 250

View: 5008

Price Risk Management and Trading. Energy risk management expert, Tom James, does it again. His latestbook is a timely addition to the rapidly developing energy tradingmarkets. This book should be on every energy trader, risk managerand corporate planer's desk. it is an easy read as Tom goes intogreat detail to explain the intricacies of this market and itsvarious unique elements. - Peter C. Fusaro, Chairman, Global ChangeAssociates Inc., Best-selling Author and Energy Expert This sensible and practical guide is essential for those seeking anunderstanding of commerce in energy derivatives. beyond merelyinformative, this hand book for the practitioner details the finerpoints of the use of derivatives as tools for price-riskmanagement. No energy trading desk should be without it. - Ethan L.Cohen, Senior Director, Utility and Energy Technology, UtiliPointInternational Inc. Energy markets are much more volatile than other commodity markets,so risk mitigation is more of a concern. Energy prices, forexample, can be affected by weather, geopo9litical turmoil, changesin tax and legal systems, OPEC decisions, analysis' reports,transportation issues, and supply and demand - to name just a fewfactors. Tom James's book is a practical guide to assessing andmanaging these risks. It is a must-read for senior management aswell as risk and financial professionals.- Don Stowers, Editor, Oil& Gas Financial Journal This book is the most comprehensive on price riskmanagement-centric efforts. It provides the reader with a tangibleexperience of derivatives in today's capital and energy markets.The breadth and scope of the passages are immense, in that bothdeveloped and developing countries' energy markets are consideredand examples applied. Terrific read! - Rashpal Bhatti, MarketingManager, Energy Trading Asia, Enron/BHP Billiton Tom James has simplified the intricacies of a very complex market.In this new market of "hot" commodities, he has been able to give afresh course to those who are new to the energy markets and a solidreview for those that are well seasoned. he covers everythingwithin the oil market from A to Z in this book and does it well.Coming from a financial background myself, it's good to finallyfind a book that can bring a better understanding to the field ofenergy commodities. - Carl Larry, Vice President Citi Energy GlobalCommodities

Understanding Oil Prices

A Guide to What Drives the Price of Oil in Today's Markets

Author: Salvatore Carollo

Publisher: John Wiley & Sons

ISBN: 1119962900

Category: Business & Economics

Page: 224

View: 9407

It’s a fair bet that most of what you think you know about oil prices is wrong. Despite the massive price fluctuations of the past decade, the received wisdom on the subject has remained fundamentally unchanged since the 1970s. When asked, most people – including politicians, financial analysts and pundits – will respond with a tired litany of reasons ranging from increased Chinese and Indian competition for diminishing resources and tensions in the Middle East, to manipulation by OPEC and exorbitant petrol taxes in the EU. Yet the facts belie these explanations. For instance, what really happened in late 2008 when, in just a few weeks, oil prices plummeted from $144 dollars to $37 dollars a barrel? Did Chinese and Indian demand suddenly dry up? Did Middle East conflicts magically resolve themselves? Did OPEC flood the market with crude? In each case the answer is a definitive no – quite the opposite in fact. Industry expert Salvatore Carollo explains that the truth behind today’s increasingly volatile oil market is that over the past two decades oil prices have come untethered from all classical notions of supply and demand and have transcended any country’s, consortium’s, cartel’s, or corporate entity’s powers to control them. At play is a subtler, more complex game than most analysts realise (or are unwilling to admit to), a very dangerous game involving runaway financial speculation, self-defeating government policymaking and a concerted disinvestment in refinery capacity among the oil majors. In Understanding Oil Prices Carollo identifies the key players in this dangerous game, exploring their competing interests and motivations, their moves and countermoves. Beginning with the1976 oil embargo and moving through the 1986 Chernobyl incident, the implementation of the US Clean Air Act Amendments of 1990, and the precipitous expansion of the oil futures market since the turn of the century, he traces the vast structural changes which have occurred within the oil industry over the past four decades, identifying their economic, social and geopolitical drivers, and analysing their fallout in the global economy. He explores the oil industry’s decision to scale down refining capacity in the face of increasing demand and the effects of global shortages of petrol, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants and other essential finished products, and describes how, beginning in the year 2000, the oil futures market detached itself almost completely from the crude market, leading to the assetization of oil, and the crippling impact reckless speculation in oil futures has had on the global economy. Finally he proposes new, more sophisticated models that economists and financial analysts can use to make sense of today’s oil market, while offering industry leaders and government policymakers prescriptions for stabilising the market to ensure a relatively steady flow of affordable oil. A concise, authoritative guide to understanding the complex, oft misunderstood oil markets, Understanding Oil Prices is an important resource for energy market participants, commodity traders and investors, as well as business journalists and government policymakers alike.

Energy and Emissions Markets

Collision or Convergence?

Author: Tom James,Peter C. Fusaro

Publisher: John Wiley & Sons

ISBN: 1118170067

Category: Business & Economics

Page: 250

View: 6969

Written by best selling author Peter C. Fusaro and renowned energy market expert and commentator Tom James, this book demonstrates that the forces of energy and environmental issues and linked more than ever before. The beginning of European emissions and trading in 2005 and the implementation of the Kyoto protocol have accelerated efforts already underway in the US to use market forces to remediate environmental issues. Topics such as emissions trading, renewable energy trading, the fourth dimension in energy trading, and new outcomes on green project finance will be analyzed in this book.

Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy: Lessons from Gabon

Author: Daniel Leigh,Jan-Peter Olters

Publisher: International Monetary Fund


Category: Fiscal policy

Page: 30

View: 1937

While models based on Friedman's (1957) permanent-income hypothesis can provide oilproducing countries with long-run fiscal targets, they usually abstract from short-run costs associated with consolidation. This paper proposes a model that takes such adjustment costs (or "habits") into account. Further operational realism is added by permitting differential interest rates on sovereign debt and financial assets. The approach is applied to Gabon, where oil reserves are expected to be exhausted in 30 years. The results suggest that Gabon's current fiscal-policy stance cannot be maintained, while the presence of habits justifies smoothing the bulk of the adjustment toward the sustainable level over three to five years.

The Market for North Sea crude oil

Author: Robert Mabro,Oxford Institute for Energy Studies

Publisher: Oxford Institute for Energy Studies


Category: Business & Economics

Page: 341

View: 5737

The North Sea is currently playing a mojor role in the world petroleum market. The United Kingdom and Norway together produced in 1985 more crude oil than Saudi Arabia. This book explores the North sea oil market in detail. It looks at the structure of the market, describes the institutional framework, particularly the tax regime, explains the function and mechanism of forward dealings, and analyzes price behavior.

Reducing Carbon Emissions from Transport

Ninth Report of Session 2005-06

Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee

Publisher: The Stationery Office

ISBN: 9780215030412

Category: Business & Economics

Page: 81

View: 522

The Committee's report examines the challenges involved in efforts to reduce carbon emissions from the UK transport sector and makes recommendations to improve future progress, as part of its overall priority for the current Parliament of focusing on climate change issues. Topics discussed include: the Government's strategic priorities; measures to reduce carbon emissions from road transport, trains, water freight and aviation; emissions from developing economies; the future price and availability of oil. The report finds that reducing carbon emissions from transport is particularly challenging, given its dependence on oil, with transport being the only sector of the UK economy in which carbon emissions were higher in 2004 than the baseline year of 1990, and projected emissions likely to be higher in 2020 than in 1990. Amongst the report's 66 conclusions and recommendations, the Committee raises concerns over the lack of consistency and accuracy in methods used by the Government to calculate emissions projections; and highlights the need for more decisive action to actively encourage modal shift towards lower carbon modes of transport (such as trains, buses and low carbon cars and lorries) and to discourage marginal car and plane journeys. It recommends the introduction of a national road-user charging scheme as soon as technically possible, and a new policy to enforce speed limits; and an increase in air passenger duty (APD) and taxes on domestic flights. The report also calls for better local rail services and the need to make rail fare and ticketing structures simpler and more transparent in order to encourage greater use of rail services; and the need for a public information campaign to raise awareness about the reality and dangers of climate change and a cross-party approach to the measures required to tackle it.


Black gold, paper barrels and oil price bubbles

Author: Daniel O'Sullivan

Publisher: Harriman House Limited

ISBN: 190665977X

Category: Business & Economics

Page: 306

View: 9536

The spike in the oil price to almost $150 per barrel in summer 2008 was the last great excess of the crazed noughties bull markets, staged even as stock markets crumbled worldwide. Contrary to entrenched establishment opinion still embraced by many, 'Petromania' proves this oil price blowout was a classic speculative bubble, but driven primarily by new modes of financial speculation. Demolishing widespread, oft-repeated but incorrect arguments that such trade in paper barrels cannot move oil prices, 'Petromania' details how this financialisation of the oil markets meshed with other trends to create a moment that saw investment banks and hedge funds collectively wield more power over the price of black gold than OPEC or any multinational oil company. It also shows how regulatory blindness to the 'dark matter' of modern finance caused so many to confuse fantasy with reality for so long. 'Petromania' matters not just because fortunes were won and lost in oil's dizzying ascent and crash, but because this bubble spelled misery for ordinary people worldwide, destabilised developing world governments, and delayed interest rate cuts desperately needed to address the ongoing global recession. 'Petromania' matters because while all eyes are on the crippled banking system, we risk ignoring valuable lessons about twenty-first century markets from this other great boom-and-bust - even as the forces that blew the bubble are once again at work. And 'Petromania', this tale of black gold, dark matter and paper barrels, is written by one of the few commentators who correctly called the bubble before it burst.

Oil's Endless Bid

Taming the Unreliable Price of Oil to Secure Our Economy

Author: Dan Dicker

Publisher: John Wiley & Sons

ISBN: 9781118030417

Category: Business & Economics

Page: 352

View: 5524

Expert analysis of rising oil prices and the out-of-control oil markets that jeopardize both national security and the economy The price of oil is negatively impacting both companies and consumers. In Oil's Endless Bid: Taming the Unreliable Price of Energy to Secure Our Economy, energy analyst Dan Dicker recalls his experiences as an oil trader and reveals the changes that have taken place in the oil markets during the past twenty years, and particularly the last five, as investment banks, energy hedge funds, and managed futures funds have come to dominate energy trading and wreak havoc on prices. Reveals why oil prices cannot stabilize without dramatic action on the part of both government and business Details how the novel, but wrong, idea of oil as an asset class took a sleepy, club-like market into the national spotlight Describes how the United States is unnecessarily handing its wealth over to foreign oil producers during a time when the potential supply of oil is greater than ever Written by an industry insider, Oil's Endless Bid analyzes the biggest financial story of the last ten years?how we lost control of our oil markets.

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