Download or read book The Global Oil Market written by Anthony H. Cordesman and published by CSIS. This book was released on 2006 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The future of energy is of enormous strategic importance, and the current energy market faces major uncertainties and risks. The goal of this study is to provide a risk assessment of the global oil market. Cordesman and Al-Rodhan study six major oil-producing regions of the world: the Middle East, Africa, Asia and the Pacific, Europe and Eurasia, North America, and South and Central America. In each case, the authors outline national oil developments and focus on four major areas of risks and uncertainties: macroeconomic fluctuations, geopolitical risks, oil production uncertainties, and the nature of resources."--BOOK JACKET.

Download or read book The New Global Oil Market written by Siamack Shojai and published by Praeger. This book was released on 1995-02-14 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the emerging post-Cold War new world order, the economics and politics of the oil industry will be quite different. New approaches and mechanisms are under way to deal with new challenges and old difficulties, such as environmental imperatives and the uncertainty of prices and availability. This edited volume provides an authoritative and comprehensive view of changing oil markets through informative discussions on global oil reserves, production and consumption trends, futures markets, refining, the political economy, and global environmental concerns. A very useful tool for researchers, scholars, and businesspeople in energy and environmental policy economics, political economics, economics of natural resources, and regional economics.

Download or read book Crude Volatility written by Robert McNally and published by Columbia University Press. This book was released on 2017-01-17 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: As OPEC has loosened its grip over the past ten years, the oil market has been rocked by wild price swings, the likes of which haven't been seen for eight decades. Crafting an engrossing journey from the gushing Pennsylvania oil fields of the 1860s to today's fraught and fractious Middle East, Crude Volatility explains how past periods of stability and volatility in oil prices help us understand the new boom-bust era. Oil's notorious volatility has always been considered a scourge afflicting not only the oil industry but also the broader economy and geopolitical landscape; Robert McNally makes sense of how oil became so central to our world and why it is subject to such extreme price fluctuations. Tracing a history marked by conflict, intrigue, and extreme uncertainty, McNally shows how—even from the oil industry's first years—wild and harmful price volatility prompted industry leaders and officials to undertake extraordinary efforts to stabilize oil prices by controlling production. Herculean market interventions—first, by Rockefeller's Standard Oil, then, by U.S. state regulators in partnership with major international oil companies, and, finally, by OPEC—succeeded to varying degrees in taming the beast. McNally, a veteran oil market and policy expert, explains the consequences of the ebbing of OPEC's power, debunking myths and offering recommendations—including mistakes to avoid—as we confront the unwelcome return of boom and bust oil prices.

Download or read book The Global Oil and Gas Industry written by Andrew C. Inkpen and published by . This book was released on 2016 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Stability Within Uncertainty written by Anthony Ernest Reinsch and published by Calgary : Canadian Energy Research Institute. This book was released on 1988 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides a brief discussion of world oil market developments since the early 1970s, identifying the fundamental characteristics and features of the market through to the end of this century. It also examines the history and current structure of world oil demand, analyzed in terms of demand for crude oil products in the various regions. A number of key factors and fundamental trends in crude oil consumption are identified, which can be expected to play an important role in future oil demand. In addition, the study provides an examination of the history and current structure of world crude oil supply, emphasizing the methodology employed in representing crude oil production, reserves additions and productive capacity development within the analytical framework. A series of sensitivity cases are presented together with the reference case crude oil market scenario generated by the integration of the demand- and supply-side analyses. Finally, the study's authors draw together the critical conclusions arising from the analysis.

Download or read book The Politics of the Global Oil Industry written by Toyin Falola and published by Bloomsbury Publishing USA. This book was released on 2005-09-30 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: The petroleum industry is among the most lucrative and most important in the world, and its impact within the realm of international politics is tremendous (although it can be overstated). Taking a well-balanced and objective approach to the complicated web of political and economic threads that make up the fabric of the oil industry, Falola and Genova introduce the most salient aspects in clear language, offering cogent and up-to-date information about the countries, companies, international organizations, and people who shape the contemporary history of the black gold. The relationship of international politics and the global oil industry affects everyone but is understood by few. Taking a well-balanced and objective approach to deconstructing this intricate web for those unfamiliar with the industry, Falola and Genova introduce the major players in the field, offering cogent and up-to-date information about the countries, companies, organizations, and people who shape the contemporary history of oil. They break down the essentials, describing the discovery process, the different types of oil, and the various processes by which oil gets to the market. Then they provide a brief history of the major oil-producing countries, followed by a discussion of OPEC and international efforts to control the price and supply of oil. After setting the stage, they introduce the most salient political issues that are influenced by oil, namely environmental protection, human rights, and economic development. Finally, a look at each of seven major oil exporters—Iraq, Mexico, Nigeria, Norway, Russia, Saudi Arabia, and Venezuela—demonstrates that the black gold can be both a blessing and a curse for the countries that produce it. Despite the need to learn how to exploit alternative energy sources before the oil runs out, we will continue to be dependent on oil for the foreseeable future. Today's oil demands are not only generated by such obvious activities as gassing up our cars or powering our aircraft, but also from the ubiquitous technological gadgets that have infiltrated our daily lives. From computer monitors to CDs, from cell phones to the petroleum-generated materials used in our shoes and sweaters, our reliance on oil continues to grow. Because price and supply are highly dependent on political events in distant countries, it is essential for American consumers to understand the intricacies of this complex subject. Falola and Genova demystify the industry and invite us to investigate more deeply this vital resource.

Download or read book Current Oil Market Developments and their Impacts on the Gulf Cooperation Council written by The Emirates Center for Strategic Studies and Research and published by Emirates Center for Strategic Studies and Research. This book was released on 2019-07-16 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Current Oil Market Developments and Their Impacts on the GCC comes at a time when global oil markets are witnessing substantial change. Oil prices have fluctuated from unprecedented highs to free falling by the end of 2008, and experiencing another steep drop by 2014. Other dramatic changes include a surge in global oil supply, weakness in demand (partly caused by slow growth in emerging countries), exploitation of oil shale, advancements in oil-extraction technology, and the emergence of renewable and clean energy sources. These developments have all impacted oil markets in particular and the global economy in general. In addressing the topic, this book consists of four chapters that examine these developments in depth to determine their implications and potential effects, suggesting recommendations that will serve the goals and development objectives of the Gulf Cooperation Council (GCC) countries and beyond. It focuses on global oil supply and demand, geopolitical factors related to the Russian–Ukrainian crisis, potential Iranian–Western convergence, and the implications of all these factors on both GCC and global energy markets. Its chapters examine issues such as the latest energy market developments and challenges to conventional oil supply. The developments detailed require constant monitoring to safeguard global energy security and serve development goals around the world. While the GCC has great interest in oil-related issues, the countries are also planning for the future by simultaneously working on establishing diversified, knowledge-based economies that are less dependent on conventional resources.

Download or read book Review and Outlook for the World Oil Market written by Shane S. Streifel and published by World Bank Publications. This book was released on 1995-01-01 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the collapse of the Soviet system, the immense problems of environmental pollution in Central and Eastern Europe were widely publicized. Less well known were its effects on health in the region, which have led to a serious health crisis. This report examines the degree to which the pollution adversely affected human health, putting it in the context of other health determinants such as socioeconomic factors, health care standards and availability, and lifestyle factors. Among the numerous pollutants, the report points to lead, dust, toxic gases, and nitrates in rural water supplies as having a significant impact on health in Central and Eastern Europe. The author suggests possible avenues for international action. However, an analysis of the determinants of health reveals that addressing the pollution problems alone will not solve the health crisis. Improving health in this region will depend on the changing economic fortunes of individual countries and the ability of each to create a supportive social environment for its citizens.

Download or read book The World Oil Market in the Years Ahead written by National Foreign Assessment Center (U.S.) and published by . This book was released on 1979 with total page 98 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The State and the International Oil Market written by C. van der Linde and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abbreviations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ix Chapter 1 INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Chapter 2 REDRAWING THE BOUNDARIES BETWEEN STATE AND COMPANY . . . 3 Chapter 3 STATE PARTICIPATION IN THE ECONOMY . . . . . . . . . . . . . . . . . . . . . 25 Chapter 4 INTERNATIONAL ECONOMIC INSTABILITY . . . . . . . . . . . . . . . . . . . . . 49 Chapter 5 THE FAILURE OF OPEC TO SECURE ECONOMIC RENTS . . . . . . . . . . 67 Chapter 6 TURNING BLACK GOLD INTO DEVELOPMENT . . . . . . . . . . . . . . . . . . 81 Chapter 7 NATIONAL OIL COMPANIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 97 Chapter 8 AMBITIOUS CONSOLIDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 127 Chapter 9 STRATEGIC CONSOLIDATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 151 References . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 165 PREFACE This book has been kicking around my desk for quite some time. On and off I returned to my work on the role of the state in the economy and the international oil market, but for a long time I was not satisfied with the shape it was in. I understand now that I needed the insights developed over the past couple of years on the role of the state, regulation, liberalization, privatization, and the recent events in the international oil industry to bring all my ideas together in a more coherent format. It was the events that followed the Asian financial crisis that drew me back to finish writing this book. The early beginnings of this book were developed at the Institute of International Affairs, Chatham I-louse, in London, where I was a research fellow with the Energy and Environment Programme in 1992 and 1993. At the Colorado School of Mines, I had the opportunity to test my ideas in a graduate class, and continue the research.

Download or read book The Strategic Importance of the Global Oil Market written by Leif Rosenberger and published by . This book was released on 2015 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This Letort Paper analyzes the new global oil market. It shows how the price of oil reflects the confluence of four interrelated factors. First, the Paper explores why the supply of oil has been soaring in the world. Second, it explains why the demand for oil has been relatively weak. Third, it discusses the role that Wall Street plays in moving the price of oil. Fourth, it examines the importance of the U.S. dollar in determining the prices of oil. As a result of these factors, oil prices are relatively low. The Paper also explains how these low oil prices produce winners and losers at home and abroad. In addition, it explores where oil prices are likely to go in 2016 without policy intervention. It also recommends ways to make oil prices less volatile"--Publisher's web site.

Download or read book Understanding Oil Prices written by Salvatore Carollo and published by John Wiley & Sons. This book was released on 2011-12-27 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt: It’s a fair bet that most of what you think you know about oil prices is wrong. Despite the massive price fluctuations of the past decade, the received wisdom on the subject has remained fundamentally unchanged since the 1970s. When asked, most people – including politicians, financial analysts and pundits – will respond with a tired litany of reasons ranging from increased Chinese and Indian competition for diminishing resources and tensions in the Middle East, to manipulation by OPEC and exorbitant petrol taxes in the EU. Yet the facts belie these explanations. For instance, what really happened in late 2008 when, in just a few weeks, oil prices plummeted from $144 dollars to $37 dollars a barrel? Did Chinese and Indian demand suddenly dry up? Did Middle East conflicts magically resolve themselves? Did OPEC flood the market with crude? In each case the answer is a definitive no – quite the opposite in fact. Industry expert Salvatore Carollo explains that the truth behind today’s increasingly volatile oil market is that over the past two decades oil prices have come untethered from all classical notions of supply and demand and have transcended any country’s, consortium’s, cartel’s, or corporate entity’s powers to control them. At play is a subtler, more complex game than most analysts realise (or are unwilling to admit to), a very dangerous game involving runaway financial speculation, self-defeating government policymaking and a concerted disinvestment in refinery capacity among the oil majors. In Understanding Oil Prices Carollo identifies the key players in this dangerous game, exploring their competing interests and motivations, their moves and countermoves. Beginning with the 1976 oil embargo and moving through the 1986 Chernobyl incident, the implementation of the US Clean Air Act Amendments of 1990, and the precipitous expansion of the oil futures market since the turn of the century, he traces the vast structural changes which have occurred within the oil industry over the past four decades, identifying their economic, social and geopolitical drivers, and analysing their fallout in the global economy. He explores the oil industry’s decision to scale down refining capacity in the face of increasing demand and the effects of global shortages of petrol, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants and other essential finished products, and describes how, beginning in the year 2000, the oil futures market detached itself almost completely from the crude market, leading to the assetization of oil, and the crippling impact reckless speculation in oil futures has had on the global economy. Finally he proposes new, more sophisticated models that economists and financial analysts can use to make sense of today’s oil market, while offering industry leaders and government policymakers prescriptions for stabilising the market to ensure a relatively steady flow of affordable oil. A concise, authoritative guide to understanding the complex, oft misunderstood oil markets, Understanding Oil Prices is an important resource for energy market participants, commodity traders and investors, as well as business journalists and government policymakers alike.

Download or read book The World Oil Market in the 1980s written by Everett M. Ehrlich and published by . This book was released on 1980 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Oil Trends written by Shankar Sharma and published by Institute of Southeast Asian Studies. This book was released on 1991 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Gulf crisis has once again drawn attention to the volatility of the world’s largest industry. Even in its aftermath, trends in the world oil market are unclear.Global Oil Trends provides a detailed assessment and long-term perspective of the global oil market in general and the Asia-Pacific market in particular. The 1990 oil crisis is reviewed and the possible impact of growing environmental concerns on the oil industry is discussed. For the last two decades oil demand in the Asia-Pacific region has been the highest in the world and this trend is expected to continue into the future. Global Oil Trends analyses the role of the Asia-Pacific region in the world oil market, discusses the regional oil supply-demand balance, the prospects for the trading of oil products, and the development of the oil refining industry in the region.Global Oil Trends is valuable not only for those in the oil industry but also for academicians, energy planners, university students who are concerned with the global oil situation and the dynamism of the Asia-Pacific oil market.

Download or read book The Changing Structure of the World Oil Industry written by David Hawdon and published by Routledge. This book was released on 2017-09-06 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: Originally published in 1985 by a group of international experts and oil industry officials, this book surveys the dramatic changes which took place in the oil industry in the second half of the twentieth century. It discusses the role of OPEC and the long term impact its decisions had for both producers and oil consumers and examines possible future trends in the oil industry structure and stability, together with the possible consequences for North Sea oil and gas development.

Download or read book Oil Prices and the Global Economy written by Mr.Rabah Arezki and published by International Monetary Fund. This book was released on 2017-01-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.

Download or read book The Status of World Oil Reserves and Implications for the Gulf written by Amy Myers Jaffe and published by Emirates Center for Strategic Studies and Research. This book was released on 2011-04-21 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: For decades, experts have been debating the timing of a peak in the discovery and production of conventional oil reserves. In 1998, geologist Colin Campbell predicted that global production of conventional oil would begin to decline within ten years. His forecast, commonly referred to as Peak Oil, was endorsed and elaborated by many respected geologists and commentators. At the heart of most predictions of peak oil is a prediction made by Marion King Hubbert in 1956. In the mid-1950s, Hubbert used a curve-fitting technique to correctly predict that US oil production would peak by 1970. The so-called Hubbert curve is now widely used in the analysis of peaking production of conventional petroleum. “Peak oil” is the term used today to describe the situation where the rate of oil production reaches its absolute maximum and begins to decline. We suggest further that artificial and geopolitical barriers to resource exploitation in the Middle East, by creating a temporary scarcity premium, has hastened technological innovation in unconventional resources at a time when resource abundance still remains a strong feature of the world energy market. Moreover, the higher oil prices rise and the longer they remain high, the faster the pace of technology development and substitution will be, irrespective of the stage of depletion world oil markets are experiencing. Thus, rather than reap ever higher returns for their remaining conventional resources, Middle East producers may find themselves facing increasing competition for market share with unconventional supplies of oil from Canadian oil sands, North American shale oil, shale gas, and liquids converted from natural gas supplied at prices that are driven by technological innovation rather than depletion curves. At the same time, temporary price spikes have encouraged oil consuming countries to adopt energy efficiency measures that will curb the long-term growth in global oil demand, potentially delaying the timeframe when actual depletion may benefit the Middle East, if it comes at all.