Published 1991
| Version v1
Journal article
The determinants of oil prices
Description
In recent years, swings in oil prices have been of unprecendented severity and frequency. Three factors work together to determine the price of oil: in the short term, the balance between supply and demand; in the medium term, the structure of the oil industry; and in the long term, the marginal production cost consistent with world oil demand. An oil price forecast is presented based on these considerations, and it is predicted that in the year 2000, oil prices will not be significantly different from those of today. 28 refs
Additional details
Publishing Information
- Journal Title
- Energy Studies Review
- Journal Volume
- 3
- Journal Issue
- 3
- Journal Page Range
- p. 217-226.
- ISSN
- 0843-4379
- CODEN
- ESTREG
INIS
- Country of Publication
- Canada
- Country of Input or Organization
- Canada
- INIS RN
- 24055016
- Subject category
- S02: PETROLEUM;
- Descriptors DEI
- FORECASTING; PETROLEUM; PETROLEUM INDUSTRY; PRICES; SUPPLY AND DEMAND
- Descriptors DEC
- ENERGY SOURCES; FOSSIL FUELS; FUELS; INDUSTRY