Who Governs Global Oil Prices?
... in oil prices. He sees the key reason being “fundamental factors”, but occasionally short-term ... ... who reflected the global power balance – with USA and still Great Britain dominating this list. Today,... ... 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 ... ... this huge liquidity is invested back into the large developed economies that also tend to be the actual ...
13.09.2013