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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Detalhes bibliográficos
Autor principal: Horsnell, P
Formato: Working paper
Idioma:English
Publicado em: Oxford Institute for Energy Studies 1990