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... ... 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...
13.09.2013