Oil price differentials : markets in disarray
The conventional wisdom about the current behaviour of oil prices is essentially very simple. It is comprised of two assertions and then an inference. It runs as follows. First, there is no physical shortage in oil markets. Secondly, there is no stockbuilding (or “hoarding”) at least not by the impo...
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| Formato: | Working paper |
| Idioma: | English |
| Publicado em: |
Oxford Institute for Energy Studies
1990
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