Who makes the oil price? An analysis of oil price movements 1978-1982
A study of oil developments during 1978-82 may provide some important insights into the operation of the pricing mechanism for petroleum in international trade. First of all, this period enables us to study the behaviour of oil producers in both arising and a falling market. In 1979/80 excess demand...
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| Format: | Working paper |
| Language: | English |
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Oxford Institute for Energy Studies
1984
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