haku: @indexterm OPEC / yhteensä: 133
viite: 19 / 133
| Tekijä: | MacFadyen, A. J. |
| Otsikko: | Inter-relationships between spot and sticky-price markets for crude oil: a diagrammatic analysis. |
| Lehti: | Energy Economics
1990 : JUL, VOL. 12:3, p. 168-173 |
| Asiasana: | OIL PRICES OPEC MARKETS |
| Kieli: | eng |
| Tiivistelmä: | Dealing with oil-pricing the paper shows a simplified graphical analysis of the role of crude oil spot markets under normal and crises conditions. Only two types of sales arrangements are assumed: sales under 'sticky' /inflexible or 'fixed'/ prices in an OPEC dominated market and one-time sales in a flexible price spot market which involves many independent sellers and buyers. Transfers of crude oil have generally involved both spot market and 'sticky-price' transactions. Under normal conditions the sticky-price market tends to drive the spot market. Under other conditions, like an international crises or weak cohesion in OPEC, spot and sticky-prices deviate considerably, and the spot market drives the sticky-price market. |
SCIMA