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

ISBN: N.A

Category: Technology & Engineering

Page: 334

View: 9815

Strategic Positioning in the Oil Industry

Trends and Options

Author: Paul Steven

Publisher: I.B.Tauris

ISBN: 9781860643668

Category: Business & Economics

Page: 146

View: 1098

New challenges and a more competitive market have forced oil producers to search for new technologies in order to remain competitive, whether a producer from the latest technologies is able to dispose of its oil in the international market, or profit from the oil price fluctuations in the commodity market. This new study considers strategic positioning and the options available to countries and companies alike in terms of their upstream and downstream industries.

The Price Reporters

A Guide to PRAs and Commodity Benchmarks

Author: Owain Johnson

Publisher: Routledge

ISBN: 1351760556

Category: Business & Economics

Page: 190

View: 7146

Every consumer in a modern economy is indirectly exposed to the work of a price reporting agency (PRA) each time they fill up their car, take a flight or switch on a light, and yet the general public is completely unaware of the existence of PRAs. Firms like Platts, Argus and ICIS, which are referenced every day by commodity traders and which influence billions of dollars of trade, are totally unfamiliar to consumers. The Price Reporters: A Guide to PRAs and Commodity Benchmarks brings the mysterious world of price reporting out of the shadows for the first time, providing a comprehensive guide to the agencies that set the world’s commodity prices. This book explains the importance of PRAs to the global commodities industry, highlighting why PRAs affect every consumer around the world. It introduces the individual PRAs, their history and the current state of play in the industry, and also presents the challenges that the PRA industry is facing now and in the future, in particular how regulation might impact on the PRAs, their relationships with commodity exchanges, and their likely direction. This is the first-ever guide to PRAs and is destined to become the standard reference work for anyone with an interest in commodity prices and the firms that set them.

Domestic Regulation and Service Trade Liberalization

Author: Pierre Sauve,Aaditya Mattoo

Publisher: World Bank Publications

ISBN: 0821383434

Category: Political Science

Page: 244

View: 4433

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: 3147

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.

Understanding Oil Prices

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

Author: Salvatore Carollo

Publisher: John Wiley & Sons

ISBN: 1119962897

Category: Business & Economics

Page: 224

View: 3774

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.

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: 4471

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: 8246

Petroleum Review

Author: N.A

Publisher: N.A

ISBN: N.A

Category: Petroleum

Page: N.A

View: 4389

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: 7417

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? Weare 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 possibleto 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.

ENERGY POLICY VOLUME 24 NUMBER 1 JANUARY 1996

Author: N.A

Publisher: N.A

ISBN: N.A

Category:

Page: N.A

View: 1589

The Global Oil & Gas Industry

Management, Strategy & Finance

Author: Andrew C. Inkpen,Michael H. Moffett

Publisher: PennWell Books

ISBN: 1593702396

Category: Business & Economics

Page: 581

View: 5815

Despite its size and importance, a surprising lack of basic knowledge exists about the oil and gas industry. With their timely new book, authors Andrew Inkpen and Michael H. Moffett have written a nontechnical book to help readers with technical backgrounds better understand the business of oil and gas. They describe and analyze the global oil and gas industry, focusing on its strategic, financial, and business aspects and addressing a wide range of topics organized around the oil and gas industry value chain, starting with exploration and ending with products sold to consumers. The Global Oil & Gas Industry is a single source for anyone interested in how the business of the worldís largest industry actually works: business executives, students, government officials and regulators, professionals working in the industry, and the general public.

Handbook of Oil Politics

Author: Robert E. Looney

Publisher: Routledge

ISBN: 1136966463

Category: BUSINESS & ECONOMICS

Page: 472

View: 7442

To many, oil markets and their linkages to a whole spectrum of events remain something of a mystery. Unfortunately, most of the easily obtained information on oil is deeply flawed. Whole web-conspiracy sites depict ruthless insiders and reckless dictators manipulating energy markets at will. The 30 essays in this volume, written by the leading experts in the field, attempt to set the record straight. While their assessments may lack the sensationalism of many popular pundits, serious readers will find their insights invaluable in the years to come in providing a framework for understanding many of the events of the day. The five sections: Politics of Oil Supply, Political Responses, Regional Dimensions, Country Case Studies and Key Issues for the Future give a comprehensive overview of the politics of oil world-wide.

The Asylum

The Renegades Who Hijacked the World's Oil Market

Author: Leah McGrath Goodman

Publisher: Harper Collins

ISBN: 9780062042323

Category: Business & Economics

Page: 432

View: 6687

The Asylum is a stunning exposé by a seasoned Wall Street journalist that once and for all reveals the truth behind America’s oil addiction in all its unscripted and dysfunctional glory. In the tradition of Too Big to Fail and Liar’s Poker, author Leah McGrath Goodman tells the amazing-but-true story of a band of struggling, hardscrabble traders who, after enduring decades of scorn from New York’s stuffy financial establishment, overcame more than a century of failure, infighting, and brinksmanship to build the world’s reigning oil empire—entirely by accident.

Iraq Oil and Gas Papers 2010

Author: Muhammed Abed Mazeel

Publisher: disserta Verlag

ISBN: 3942109581

Category: Oil and gas leases

Page: 128

View: 4080

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: 8502

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.

Global Implications of Lower Oil Prices

Author: Mr. Aasim M. Husain,Mr. Rabah Arezki,Mr. Peter Breuer,Mr. Vikram Haksar,Mr. Thomas Helbling,Paulo A. Medas,Martin Sommer

Publisher: International Monetary Fund

ISBN: 151357227X

Category: Business & Economics

Page: 41

View: 6875

The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.

Putting a Price on Energy

Author: N.A

Publisher: ENERGY CHARTER SECRETARIAT

ISBN: 9059480465

Category: Energy industries

Page: 240

View: 6295

The Secret Club That Runs the World

Inside the Fraternity of Commodities Traders

Author: Kate Kelly

Publisher: Penguin

ISBN: 1591847133

Category: Business & Economics

Page: 288

View: 1185

"Thanks to this gripping new book ... we know more about how they do it. And it's even more shocking than you think." --The Independent When most people think of the drama of global finance, they think of stocks and bonds, venture capital, high-tech IPOs, and complex mortgage-backed securities. But commodities? Crude oil and soybeans? Copper and wheat? What could be more boring? That's exactly what the elite commodity traders want you to think. They don't seek the media spotlight. They don't want to be as famous as Warren Buffett or Bill Gross. Their astonishing wealth was created in near-total obscurity, either in closely held private companies or deep within large banks and corporations, where commodity profits and losses weren't broken out. Now Kate Kelly, the bestselling author of Street Fighters, takes us inside this secretive inner circle that controls so many things we all depend on. She gets closer than any previous reporter to understanding these whip-smart, aggressive, and often egomaniacal men who bet millions every day on a blend of facts, analysis, and pure gut instinct.

Find eBook