Understanding oil prices: a guide to what drives the price of oil in today's markets
"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...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Chichester, West Sussex, UK
Wiley
2012
|
| Schriftenreihe: | Wiley finance series
|
| Schlagworte: | |
| Online-Zugang: | UBG01 UER01 Volltext |
| Zusammenfassung: | "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 quite different. In the last decade, despite a constant potential surplus of crude in the markets, we have seen the prices fluctuating dramatically with no apparent logic.Starting from the Chernobyl accident and the Clean Air Act implementation in the US, structural changes within the oil industry have modified the dynamics of oil prices. The existing technological refining system is no longer adequate to transform, with the necessary continuity, the crude oils into the high-quality finished products demanded by the market. Furthermore, from the beginning of the year 2000, the oil futures market detached itself almost completely from its original nature (the barrel of oil), becoming a purely financial market, but still able to heavily affect the real oil prices. More sophisticated models are needed to understand this new scenario.This book thoroughly demystifies the oil market, showing readers what really moves the price of oil today. It provides a comprehensive analysis of the industry fundamentals and the role of financial speculation, illustrating the complexity of the relationship of three different markets that regulate the oil sector: the crude oil market (raw material), the finished products market (gasoline, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants), and the financial market (futures). It will provide an excellent grounding in the topic for anyone involved or interested in the oil markets, including financial analysts, traders, investors and energy market participants"-- |
| Beschreibung: | Includes bibliographical references and index |
| Beschreibung: | 1 Online-Ressource (xxv, 168 S.) Ill. |
| ISBN: | 9781118467251 9781119962892 |
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Datensatz im Suchindex
| _version_ | 1804149677904363520 |
|---|---|
| any_adam_object | |
| author | Carollo, Salvatore |
| author_facet | Carollo, Salvatore |
| author_role | aut |
| author_sort | Carollo, Salvatore |
| author_variant | s c sc |
| building | Verbundindex |
| bvnumber | BV040591939 |
| classification_rvk | QR 534 |
| collection | ZDB-35-WCE ZDB-35-WIC |
| ctrlnum | (OCoLC)769188929 (DE-599)BVBBV040591939 |
| dewey-full | 338.23282 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 338 - Production |
| dewey-raw | 338.23282 |
| dewey-search | 338.23282 |
| dewey-sort | 3338.23282 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| format | Electronic eBook |
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| id | DE-604.BV040591939 |
| illustrated | Illustrated |
| indexdate | 2024-07-10T00:26:50Z |
| institution | BVB |
| isbn | 9781118467251 9781119962892 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-025419853 |
| oclc_num | 769188929 |
| open_access_boolean | |
| owner | DE-1043 DE-473 DE-BY-UBG DE-861 DE-706 DE-29 |
| owner_facet | DE-1043 DE-473 DE-BY-UBG DE-861 DE-706 DE-29 |
| physical | 1 Online-Ressource (xxv, 168 S.) Ill. |
| psigel | ZDB-35-WCE ZDB-35-WIC FAB_B&E_2011/12 FRO_PDA_WIC UBY_PDA_WIC_Kauf FHR_PDA_WIC ZDB-35-WCE UER_PDA_WIC_Kauf_2023 |
| publishDate | 2012 |
| publishDateSearch | 2012 |
| publishDateSort | 2012 |
| publisher | Wiley |
| record_format | marc |
| series2 | Wiley finance series |
| spelling | Carollo, Salvatore Verfasser aut Understanding oil prices a guide to what drives the price of oil in today's markets Salvatore Carollo Chichester, West Sussex, UK Wiley 2012 1 Online-Ressource (xxv, 168 S.) Ill. txt rdacontent c rdamedia cr rdacarrier Wiley finance series Includes bibliographical references and index "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 quite different. In the last decade, despite a constant potential surplus of crude in the markets, we have seen the prices fluctuating dramatically with no apparent logic.Starting from the Chernobyl accident and the Clean Air Act implementation in the US, structural changes within the oil industry have modified the dynamics of oil prices. The existing technological refining system is no longer adequate to transform, with the necessary continuity, the crude oils into the high-quality finished products demanded by the market. Furthermore, from the beginning of the year 2000, the oil futures market detached itself almost completely from its original nature (the barrel of oil), becoming a purely financial market, but still able to heavily affect the real oil prices. More sophisticated models are needed to understand this new scenario.This book thoroughly demystifies the oil market, showing readers what really moves the price of oil today. It provides a comprehensive analysis of the industry fundamentals and the role of financial speculation, illustrating the complexity of the relationship of three different markets that regulate the oil sector: the crude oil market (raw material), the finished products market (gasoline, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants), and the financial market (futures). It will provide an excellent grounding in the topic for anyone involved or interested in the oil markets, including financial analysts, traders, investors and energy market participants"-- BUSINESS & ECONOMICS / Industries / General bisacsh Geschichte Industrie Wirtschaft Petroleum products / Prices Petroleum industry and trade / History Erdölindustrie (DE-588)4015186-4 gnd rswk-swf Erdölpreis (DE-588)4136831-9 gnd rswk-swf Erdölmarkt (DE-588)4152694-6 gnd rswk-swf Preisänderung (DE-588)4175608-3 gnd rswk-swf Erdölindustrie (DE-588)4015186-4 s Erdölpreis (DE-588)4136831-9 s Erdölmarkt (DE-588)4152694-6 s Preisänderung (DE-588)4175608-3 s DE-604 Erscheint auch als Druck-Ausgabe 9781119962724 https://onlinelibrary.wiley.com/doi/book/10.1002/9781118467251 Verlag Volltext |
| spellingShingle | Carollo, Salvatore Understanding oil prices a guide to what drives the price of oil in today's markets BUSINESS & ECONOMICS / Industries / General bisacsh Geschichte Industrie Wirtschaft Petroleum products / Prices Petroleum industry and trade / History Erdölindustrie (DE-588)4015186-4 gnd Erdölpreis (DE-588)4136831-9 gnd Erdölmarkt (DE-588)4152694-6 gnd Preisänderung (DE-588)4175608-3 gnd |
| subject_GND | (DE-588)4015186-4 (DE-588)4136831-9 (DE-588)4152694-6 (DE-588)4175608-3 |
| title | Understanding oil prices a guide to what drives the price of oil in today's markets |
| title_auth | Understanding oil prices a guide to what drives the price of oil in today's markets |
| title_exact_search | Understanding oil prices a guide to what drives the price of oil in today's markets |
| title_full | Understanding oil prices a guide to what drives the price of oil in today's markets Salvatore Carollo |
| title_fullStr | Understanding oil prices a guide to what drives the price of oil in today's markets Salvatore Carollo |
| title_full_unstemmed | Understanding oil prices a guide to what drives the price of oil in today's markets Salvatore Carollo |
| title_short | Understanding oil prices |
| title_sort | understanding oil prices a guide to what drives the price of oil in today s markets |
| title_sub | a guide to what drives the price of oil in today's markets |
| topic | BUSINESS & ECONOMICS / Industries / General bisacsh Geschichte Industrie Wirtschaft Petroleum products / Prices Petroleum industry and trade / History Erdölindustrie (DE-588)4015186-4 gnd Erdölpreis (DE-588)4136831-9 gnd Erdölmarkt (DE-588)4152694-6 gnd Preisänderung (DE-588)4175608-3 gnd |
| topic_facet | BUSINESS & ECONOMICS / Industries / General Geschichte Industrie Wirtschaft Petroleum products / Prices Petroleum industry and trade / History Erdölindustrie Erdölpreis Erdölmarkt Preisänderung |
| url | https://onlinelibrary.wiley.com/doi/book/10.1002/9781118467251 |
| work_keys_str_mv | AT carollosalvatore understandingoilpricesaguidetowhatdrivesthepriceofoilintodaysmarkets |