Who Governs Global Oil Prices?
... 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 a couple of days ago we witnessed a financial factor in action,... ... socio-economic factors. But, in 1969 to 1973 a major transitional period occurred as these majors started to negotiate with the OPEC alliance or 'cartel', with prices being linked evermore to national goals. Also, the two-regional system ...
13.09.2013