THE DETERMINATION OF OIL PRICES 1945-95 - A DIAGRAMMATIC INTERPRETATION

被引：45

作者：

STEVENS, P

机构：

[1] Centre for Petroleum and Mineral Law and Policy, University of Dundee, Dundee

来源：

ENERGY POLICY | 1995年 / 23卷 / 10期

关键词：

OIL MARKETS; OIL PRICES; OIL SUPPLY DEMAND;

D O I：

10.1016/0301-4215(95)00092-W

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper provides a theoretical framework to explain the determination of international oil prices based upon the interaction of supply and demand curves. The analysis of components of the framework identifies important characteristics of the global market for crude oil, The paper applies the framework to the oil market from 1945. In particular, it incorporates key changes in the market to enhance understanding of how the market has been and is working, Finally, the framework is used to explain why oil prices have become more volatile and what issues and questions arise from current oil market behaviour.

引用

页码：861 / 870

页数：10

共 43 条

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