G2TT
来源类型Presentations
规范类型其他
Oil Market Dynamics – Saudi Arabia Oil Policies and US Shale Supply Response
Bassam Fattouh
发表日期2015-03-18
出版年2015
页码3
语种英语
概述This presentation outlines the current uncertainties engulfing the oil market focusing on two key dynamics: Saudi Arabia oil policies and the new dynamics unleashed by US shale production. It is argued that Saudi oil policy is rooted in fundamental features of Saudi Arabia’s political, economic and social systems. These include: • High dependency on oil […]
摘要This presentation outlines the current uncertainties engulfing the oil market focusing on two key dynamics: Saudi Arabia oil policies and the new dynamics unleashed by US shale production. It is argued that Saudi oil policy is rooted in fundamental features of Saudi Arabia’s political, economic and social systems. These include: • High dependency on oil revenues • Massive oil and gas reserve base which will be exhausted over many decades • Its dominance in oil markets and oil trade • The availability of idle (spare) capacity • Leadership among oil-exporting countries • The challenge of long-run economic development • The vital importance of achieving political and internal stability It is argued that maximizing revenue remains a key objective for Saudi Arabia but that this should be balanced against the objective of maintaining volumes above a certain level and avoiding loss of market share. The trade-off will be shaped by market conditions, cohesiveness of OPEC, and internal conditions of the country, which will determine the direction that policy will take. Therefore, Saudi Arabia oil policy is not constant and there is no desired ‘oil price’ (price is a moving target depending on market conditions). US Shale has generated a new set of challenges and uncertainties making the calculus of the trade-off more difficult and uncertain.
主题Country and Regional Studies ; Energy Policy ; Oil ; Oil & Middle East Programme
关键词Oil Market Dynamics Saudi Arabia Saudi oil policy US Shale
URLhttps://www.oxfordenergy.org/publications/oil-market-dynamics-saudi-arabia-oil-policies-and-us-shale-supply-response/
来源智库Oxford Institute for Energy Studies (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/312358
推荐引用方式
GB/T 7714
Bassam Fattouh. Oil Market Dynamics – Saudi Arabia Oil Policies and US Shale Supply Response. 2015.
条目包含的文件
文件名称/大小 资源类型 版本类型 开放类型 使用许可
Oil-Market-Dynamics-(4489KB)智库出版物 限制开放CC BY-NC-SA浏览
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Bassam Fattouh]的文章
百度学术
百度学术中相似的文章
[Bassam Fattouh]的文章
必应学术
必应学术中相似的文章
[Bassam Fattouh]的文章
相关权益政策
暂无数据
收藏/分享
文件名: Oil-Market-Dynamics-Saudi-Arabia-Oil-Policies-and-US-Shale-Supply-Response-.pdf
格式: Adobe PDF
此文件暂不支持浏览

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。