Who Governs Global Oil Prices?
... he only highlights three stages, but he outlines two factors behind shifts in oil prices. He sees the key reason being “fundamental factors”, but occasionally short-term “financial factors” also edge the market. For instance, just ... ... was dominated by seven oil majors, or the 'seven sisters', who reflected the global power balance – with USA and still Great Britain dominating this list. Today, many of the top Western oil companies draw their roots from these original ...
13.09.2013