OPEC – What Difference has it Made?
The main purpose of this paper is to review the evolution of OPEC models and to link this evolution to some key events in the oil market. Our main conclusion is that OPEC’s pricing power varies over time. There are many instances in which OPEC can lose the power to limit oil price movements – either...
| Main Authors: | , |
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| Format: | Working paper |
| Jezik: | English |
| Izdano: |
Oxford Institute for Energy Studies
2013
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