RECENT CRUDE OIL MARKET DEVELOPMENTS: MAKING STRUCTURAL MODELS

Q: How can I download an article?

To download an article from SID, first log in to the site, search for the article title, and click on the 'Download Article' option.

Q: How can I download an ISI article?

To download an ISI article on SID, enter the keyword or article title in the search bar, view the relevant results, click on the desired article, and select the 'Download Article' option.

Q: How can I access the SID database?

To access the SID database, visit SID.ir, create an account, and log in to access scientific resources.

Q: Is downloading articles from SID free?

Some articles on SID are available for free, while others require payment. Details are specified on the article's page.

ZAMANI MEHRZAD

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: ENERGY ECONOMICS REVIEW Year:2007 | Volume:4 | Issue:12 Page(s): 52-64

Download Full-Text

Persian Verion

View:

974

Download:

Cites:

Information Journal Paper

Title

RECENT CRUDE OIL MARKET DEVELOPMENTS: MAKING STRUCTURAL MODELS

Author(s)

ZAMANI MEHRZAD | Issue Writer Certificate

Keywords

OIL PRICEQ2

OIL MARKET FUNDAMENTALSQ3

OPEC. REVERSING FACTORSQ3

Abstract

The recent oil market conditions, have confronted analysts with serious challenges in their efforts to analyze OIL PRICE trends and the reasons behind them. They have, so far, addressed the issue on the basis of structural changes, periodical behavior and speculation. The roots of those challenges, in their view, are embedded in the influential development of fundamental elements on the price of oil. OPEC's oil production in the 1990s, is a case in point, which materialized the organization's price objectives very effectively. The organization, however, has lost its price controlling mechanisms and capabilities in recent years. The relationship of crude OIL PRICEs and commercial stock pilings has also reversed. This study reviews changes in the fundamental factors on the basis of econometric models. According to results, OPEC's excess or surplus production capacity in recent years (post 2003) has affected the relationship of oil stock pilings and prices. OPEC's surplus production capacity had no impact on OIL PRICEs prior to 2003, when it began to demonstrate its influence. Thus, OPEC which set its members' production quotas in light of stockpiling levels, in its pursuit of price objectives, is presently influencing the oil market with its excess capacity.Therefore, through its quota setting mechanism, OPEC is facing two opposing effects of the changing stock-levels and the surplus capacity, and currently the role of the second is superiora.

Cites

OIL PRICE AND THE ROLE OF OPEC SPARE CAPACITY PRODUCTION

References

No record.

Cite

APA: Copy

ZAMANI, MEHRZAD. (2007). RECENT CRUDE OIL MARKET DEVELOPMENTS: MAKING STRUCTURAL MODELS. ENERGY ECONOMICS REVIEW, 4(12), 52-64. SID. https://sid.ir/paper/99478/en

Vancouver: Copy

ZAMANI MEHRZAD. RECENT CRUDE OIL MARKET DEVELOPMENTS: MAKING STRUCTURAL MODELS. ENERGY ECONOMICS REVIEW[Internet]. 2007;4(12):52-64. Available from: https://sid.ir/paper/99478/en

IEEE: Copy

MEHRZAD ZAMANI, “RECENT CRUDE OIL MARKET DEVELOPMENTS: MAKING STRUCTURAL MODELS,” ENERGY ECONOMICS REVIEW, vol. 4, no. 12, pp. 52–64, 2007, [Online]. Available: https://sid.ir/paper/99478/en

Related Journal Papers