Gateway to Think Tanks
来源类型 | Energy Comments |
规范类型 | 评论 |
Adjustment in the Oil Market: Structural, Cyclical or Both? | |
Bassam Fattouh | |
发表日期 | 2016-05-31 |
出版年 | 2016 |
页码 | 5 |
语种 | 英语 |
概述 | The sharp fall in the oil price has divided views about the nature of the latest oil price cycle. Some argue that the oil market has been subject to structural shocks that have created a ‘new global oil order’ and that we have entered a world of ‘low oil prices for much longer’. Others are […] |
摘要 | The sharp fall in the oil price has divided views about the nature of the latest oil price cycle. Some argue that the oil market has been subject to structural shocks that have created a ‘new global oil order’ and that we have entered a world of ‘low oil prices for much longer’. Others are of the view that oil prices will rise sooner than currently expected and the current price fall has many of the characteristics of previous cycles. These two views reflect the high degree of uncertainty engulfing the oil market. This raises some key questions: Has there been a structural shift in the oil market adjustment mechanisms? Is the cycle different this time? And if different, how? This short comment tries to tackle these questions by analysing the nature of the adjustment mechanisms both on the supply (non-OPEC outside the US shale, US shale and OPEC) and on the demand side and by examining the internal consistency of ‘the lower oil price for longer’ scenario and the cyclical view of oil prices. |
主题 | Energy Policy ; Oil ; Oil & Middle East Programme |
关键词 | Climate Change Policies Cost Deflation. Cyclical Non-OPEC Oil Demand Oil Prices OPEC Structural US Shale |
URL | https://www.oxfordenergy.org/publications/adjustment-oil-market-structural-cyclical/ |
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/312407 |
推荐引用方式 GB/T 7714 | Bassam Fattouh. Adjustment in the Oil Market: Structural, Cyclical or Both?. 2016. |
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 | ||
Adjustment-in-the-Oi(1354KB) | 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 |
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。