TITLE

Mick Jagger explains high crude oil prices

AUTHOR(S)
Miller, Stephen M.
PUB. DATE
May 2007
SOURCE
Las Vegas Business Press (10712186);5/21/2007, Vol. 24 Issue 21, p48
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article explains the reasons behind the rising prices of crude oil. According to the author, the oil industry operated on the same principle. It relies on reserves and the current rate of production of those reserves. One advantage of crude oil price increase to world markets is that the Organization of Petroleum Exporting Countries (OPEC) need to increase the supplies. A rise in demand also causes prices to rise or it can cause the market to experience an excess demand for the product.
ACCESSION #
25325435

 

Related Articles

  • Global Oil Market Overview.  // Egypt Oil & Gas Report;Q4 2008, p14 

    The article provides an overview on the global oil market. The over-dependence on Organization of Petroleum Exporting Countries (OPEC) as supplier has affected the price of oil in the global market, which in turn brought damaging impact to the global economic growth. With high oil prices, it is...

  • Global Oil Market Review.  // Libya Oil & Gas Report;Q1 2011, Issue 1, p11 

    The article reports on the condition of the global oil market in 2010. It states that the demand of oil is assumed to rise for the quarter, while prices were dragged lower with currencies and equities. It notes that the Organization of Petroleum Exporting Countries' (OPEC's) volumes show to have...

  • Global Oil Market Outlook.  // Libya Oil & Gas Report;Q1 2011, Issue 1, p13 

    The article presents an outlook on the condition of the global oil market. It forecasts that the balance of demand and supply of crude can support the increase in prices. It notes that the Organization of Petroleum Exporting Countries' (OPEC's) average price in terms of its basket of crudes was...

  • Testing for the cartel in OPEC: non-cooperative collusion or just non-cooperative? Almoguera, Pedro A.; Douglas, Christopher C.; Herrera, Ana María // Oxford Review of Economic Policy;Spring2011, Vol. 27 Issue 1, p144 

    This paper extends the framework of Green and Porter (1984) and Porter (1983a) to encompass the case of a cartel (OPEC) faced by a competitive fringe (non-OPEC oil producers). Estimation of a simultaneous equation switching regression model allows us to examine which market structure better...

  • The Analysis of the Effect of OPEC Oil Price on the World Oil Price. Jianling Jiao; Ying Fan; Jiutian Zhang; Yiming Wei // Journal of Systems Science & Information;Mar2005, Vol. 3 Issue 1, p113 

    The time series properties of OPEC, non-OPEC and world oil prices are examined. The co-integration test of these three series suggests that the world oil prices will rise 0.5398% when the OPEC's rises 1%, which is slightly higher than the non-OPEC. In long-term, OPEC price is non-OPEC, Brent,...

  • Global Oil Market Outlook.  // Venezuela Oil & Gas Report;Q1 2011, Issue 1, p17 

    The article presents an outlook for the global oil market. The Organization of Petroleum Exporting Countries (OPEC) could push for higher prices since supply from non-OPEC countries is not expected to increase in 2011. The OPEC basket price for the entire 2010 is forecast to average at 77 U.S....

  • BMI Research: Libya Oil & Gas Report: Global Oil Market Overview.  // Libya Oil & Gas Report;Q3 2008, p11 

    The article provides an overview of the global petroleum market as of March 2008. Members of the Organization of Petroleum Exporting Countries (OPEC) achieved windfalls from soaring crude prices that topped $100 per barrel for the first time. Also discussed are oil supply and demand, global oil...

  • Oil hits $100 on first day of trading in 2008. First, Tomas // Fund Strategy;1/7/2008, p8 

    The article reports on the rise of oil prices by up to $100 in 2008. According to the article, the increasing price is due to political chaos in Nigeria as well as in Kenya. In addition, analysts from the Organization of the Petroleum Exporting Countries (OPEC) stated that the decrease in the...

  • Oil approaches the $60-a-barrel mark.  // MEED: Middle East Economic Digest;2/9/2007, Vol. 51 Issue 6, p10 

    This article reports on an increase in oil prices in February 2007. Oil prices reaches the $60-a-barrel mark with the cold weather in the U.S. ramping up demand. A round of reductions in oil production by the Organization of Petroleum Exporting Countries also driven the price increase. It is...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics