Drawing a Roadmap for Oil Pricing Reform

2013

Journal of Physics: Conference Series, 2019

In recent years the fluctuation in fuel prices coincided with the global economic depression of 2008, further studies indicate that when production of crude oil is more than the demand of the crude oil, crude cost would reduce whereas if there is little supply of crude oil and there is growing demand of crude oil the cost of crude would increase. In this review we explore the various conditions that influence the fluctuation of crude oil, the impact this conditions have to the global price of crude oil and it relation to developments of certain economies as specified. There was found to be correlation between crude oil price increase and an increase in gross domestic product (GDP) of developing oil producing nations also there was found to be a fall once there is a reduction in crude price. This is dependent on if the nation in question is crude oil based economy whereas if the economy in question is more diverse its effect on the GDP wouldn't be as pronounced.

Journal of Physics: Conference Series, 2019

In recent years the fluctuation in fuel prices coincided with the global economic depression of 2008, further studies indicate that when production of crude oil is more than the demand of the crude oil, crude cost would reduce whereas if there is little supply of crude oil and there is growing demand of crude oil the cost of crude would increase. In this review we explore the various conditions that influence the fluctuation of crude oil, the impact this conditions have to the global price of crude oil and it relation to developments of certain economies as specified. There was found to be correlation between crude oil price increase and an increase in gross domestic product (GDP) of developing oil producing nations also there was found to be a fall once there is a reduction in crude price. This is dependent on if the nation in question is crude oil based economy whereas if the economy in question is more diverse its effect on the GDP wouldn’t be as pronounced.

The Oil, Gas, and Mining Policy Division series publishes reviews and analyses of sector experience from around the world as well as new findings from analytical work. It places particular emphasis on how the experience and knowledge gained relates to developing country policy makers, communities affected by extractive industries, extractive industry enterprises, and civil society organizations. We hope to see this series inform a wide range of interested parties on the opportunities as well as the risks presented by the sector.

The Oil, Gas, and Mining Policy Division series publishes reviews and analyses of sector experience from around the world as well as new findings from analytical work. It places particular emphasis on how the experience and knowledge gained relates to developing country policy makers, communities affected by extractive industries, extractive industry enterprises, and civil society organizations. We hope to see this series inform a wide range of interested parties on the opportunities as well as the risks presented by the sector.

Interpational Journal of Economic and Development Issues is published Biannually. It deaJs with contemporary and emerging issues of Business, Economics, Finance, Marketing, Management, Developmental Studies, Security Analysis, Portfolio Management, Public Relations, Strategies and Practices as they relate to the Third World Countries. It is a multidisciplinary journal, global in nature, integrative in approach, policy oriented, and international index. The journal is a referred publication which fosters the exchange of information and new ideas among professionals, economists, development experts, students, policy makers, staff members of research institutions and international agencies.

2014

Energy Studies Review, 1994

This article deals with the evolution of the international petroleum sector since 1973 with a special view to interdependence between the economic and political factors that influence it. Two issues arefocused upon: (1) the effects of the nationalization ofoil companies on the sharing ofoil rents and on changes in the structure ofthe oil market; and (2) the determination of oil prices. The latter involves a discussion of, on the one hand, the political and economic behaviour of the United States and Saudi Arabia and, on the othr:r, the combination of cooperation and conflict that hilS tended to characterize relations among OPEC countries. Carhele presente une synthese et une tentative d'explication de l'evolution du secteurpetrolier international depuis 1973 en tenant compte du phenomene de l'interdependance entre lesfacteurs economiques et lesfactwrs politiques. Deux points sont priviIegies. Le premier est l'examen des effets des nationalisations (facteur institutionnel) sur la partage de la rente pitroliereet les modifications des structures du marche. Le deuxieme point met l'accent, d'une part, sur les comportements economiques et politiques des Etats-Unis et de l'Arabie-Saoudite, et d'autre part, sur Ie "conflitcooperation" entre les pays et l'OPEP, pour expliquer la determination et revolution des prix.

2004

2008

petroleum sector since 1973 with a special view to interdependence between the economic and political factors that influence it. Two issues arefocused upon: (1) the effects of the nationalization ofoil companies on the sharing ofoil rents and on changes in the structure of the oil market; and (2) the determination of oil prices. The latter involves a discussion of, on the one hand, the political and economic behaviour of the United States and Saudi Arabia and, on the othr:r, the combination of cooperation and conflict that hilS tended to characterize relations among OPEC countries.