Who Governs Global Oil Prices?

... reason being “fundamental factors”, but occasionally short-term “financial factors” also edge the market. For instance, just a couple of days ago... ... 'seven sisters', who reflected the global power balance – with USA and still Great Britain dominating this list. Today, many of the top Western oil... ... 40%. Again, the third stage was followed by a transitional period of 1985 to 1986, as Saudi Arabia pushed for the net-back mechanism across not only petroleum products, but...