Why did OPEC not cut oil production in the wake of 2014's price fall? This study aims at
aiding the mostly qualitative discussion with quantitative evidence from computing quarterly …

In November 2014, OPEC announced a new strategy geared towards improving its market
share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers …

In November 2014, OPEC announced a new strategy geared towards improving its market
share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers …

This paper analyzes the recent developments in the global oil market, investigating how the
2014–2016 price collapse and the following OPEC+ agreement affected the crude oil market …

Since its inception in 1960, OPEC has made two important decisions. The first decision was
in October 1973 when it took over the pricing of its crude from international oil companies …

Given its highly undiversified economic base, maximizing revenues will always rank highly
in Saudi Arabia's output decision. However, this objective needs to be balanced against …

Oil prices in 2008–10, measured in constant money, were almost eight times the level of
1970–72. The prices of minerals and metals, another exhaustible resource group, increased …

We investigate the exertion of market power in the global crude oil market over the past
years. Recognizing the difficulty of identifying market power in the crude oil market by …

The expansion of shale gas production since the mid-2000s which is commonly referred to
as “shale gas revolution” has had large impacts on global energy outlook. The impact is …

I hypothesize that the price spike and collapse of 2007–2008 are driven by both changes in
both market fundamentals and speculative pressures. Contrary to arguments for a demand …