Who Governs Global Oil Prices?
... factors”, but occasionally short-term “financial factors” also edge the market. For ... ... petroleum products. Again, the seven sisters preferred long-term contracts and also used modern concessional ... ... occurred as these majors started to negotiate with the OPEC alliance or 'cartel', with prices ... ... followed by a transitional period of 1985 to 1986, as Saudi Arabia pushed for the net-back mechanism across ... ... this huge liquidity is invested back into the large developed economies that also tend to be the actual ...
13.09.2013