Search: Market Speculation,OPEC,Long-Term Contracts (1 material)

Who Governs Global Oil Prices?

... naturally there were elements of unfair pricing; as sisters still clinched the market tightly. At this stage, prices continued to be formulated by a cost-plus system for crude and now net-back for other petroleum products. Again, the seven sisters preferred long-term contracts and also used modern concessional tools to account for 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 of the first stage remained, as prices depended on whether crude oil passed via the Gulf of Mexico or the Persian Gulf. In other ...

13.09.2013

Poll conducted

  1. In your opinion, what are the US long-term goals for Russia?
    U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements  
     33 (31%)
    U.S. wants to deter Russia’s military and political activity  
     30 (28%)
    U.S. wants to dissolve Russia  
     24 (22%)
    U.S. wants to establish alliance relations with Russia under the US conditions to rival China  
     21 (19%)
 
For business
For researchers
For students