Who Governs Global Oil Prices?
... outlines two factors behind shifts in oil prices. He sees the key reason being “fundamental factors”, but occasionally short-term “financial factors”... ... a major transitional period occurred as these majors started to negotiate with the OPEC alliance or 'cartel', with prices being linked evermore to national... ... inflationary repercussions. As a result, this huge liquidity is invested back into the large developed economies that also tend to be the actual consumers of oil. It is an incredible...
13.09.2013