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Understanding oil prices : a guide to what drives the price of oil in today's markets

Author: Salvatore Carollo
Publisher: Hoboken, N.J. : Wiley, 2012.
Series: Wiley finance series.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
"Oil prices have seen massive fluctuation over the past 10 years, with price per barrel growing from $9 to $140. More recently, we have seen fluctuation from $140 to $37/barrel, and back up to $120 - all in a matter of months. But why? It is still a popular belief that OPEC can affect the price of oil by regulating the volume of production and using this key raw material for their political aims, but the reality is  Read more...
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Genre/Form: Electronic books
History
Additional Physical Format: Print version:
Carollo, Salvatore.
Understanding oil prices.
Hoboken, N.J. : Wiley, 2012
(DLC) 2011039266
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Salvatore Carollo
ISBN: 9781119962892 1119962897 1283333155 9781283333153 9781119962908 1119962900 1119962927 9781119962922 9786613333155 6613333158 1118467256 9781118467251
OCLC Number: 827727603
Language Note: English.
Description: 1 online resource (xxv, 168 pages) : illustrations.
Contents: Understanding Oil Prices; Contents; Foreword; Preface; Quick Reference Guide; List of Figures; List of Tables; List of Boxes; 1 The World Crude Oil Paradoxes; 2 The Market Events from 2008 to 2011; World Energy Policy; The Financial Crisis and the Oil Market; Fundamentals or Financial Speculation?; Demand/Supply of Gasoline and Gasoil; WTI --
Brent Differential; 3 Evolution of the Price of Crude Oil from the 1960s up to 1999; 1960-1980: The Oil Monopoly and the Two Crises in the 1970s; The 1980s: The Gradual Disappearance of OPEC; The Price War 1985-2000: From the Introduction of Brent as an International Benchmark to the Clean Air ActThe Suicide of OPEC; The Start of the Free Market; The Consequences of the Environmental Turnaround; 4 Changes in the Market for Automotive Fuels; Evolution of Environmental Demand; Gasoline and its Components; Reforming; Cracking; Alkylation; Isomerization; Refiners Walk the Tightrope; The Fiscal Policy of the Industrialized Countries Regarding Fuels; 5 World Oil Flow; Transformations in the Downstream; World Supply Structure; 6 The Classical Model of the International Oil Market 7 The Short-term Model of the International Oil Market8 The Brent Market; The Sale and Purchase Contract; The Forward Market for Brent (15 day Brent Contract); The IPE Brent Market; The Divorce Between Oil Price and Oil; 9 Principal Uses of the Forward and Futures Markets; Tax Spinning; Benchmarking; Hedging the Price Risks; Speculations on Operational Flexibilities at Loading; Market Structure: Contango and Backwardation; Procedures at the Loading Terminals; 10 Problems of the Brent Forward Market; 11 The European Refinery Crisis; 12 Conclusions:We are Ourselves OPEC; Bibliography; Index
Series Title: Wiley finance series.
Responsibility: Salvatore Carollo.

Abstract:

Explains that the truth behind increasingly volatile oil market is that over the years oil prices have come untethered from all classical notions of supply and demand and have transcended any  Read more...

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