Working paper
Oil price differentials : markets in disarray
- Abstract:
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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 important oil companies. The price rises in oil markets since the Iraqi invasion of Kuwait can then only be due to “psychology” and “sentiment”. These latter terms have dismissive connotations. They su...
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- Publication status:
- Published
- Peer review status:
- Reviewed (other)
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Bibliographic Details
- Publisher:
- Oxford Institute for Energy Studies Publisher's website
- Series:
- OIES paper
- Publication date:
- 1990-01-01
- Paper number:
- GWO3
- ISBN:
- 0948061421
Item Description
- Language:
- English
- Keywords:
- UUID:
-
uuid:4319263e-8949-477e-befa-0a2ced48e154
- Local pid:
- ora:10229
- Deposit date:
- 2015-02-27
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Terms of use
- Copyright holder:
- Oxford Institute for Energy Studies
- Copyright date:
- 1990
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