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,... ... – much more than modern OPEC at around 40%. Again, the third stage was followed by a transitional period of 1985 to 1986, as Saudi Arabia pushed for the net-back mechanism across not only petroleum products, but also crude oil. Saudis also began to reject ...
13.09.2013