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Governments and Oil Markets

In: Trading and Price Discovery for Crude Oils

Author

Listed:
  • Adi Imsirovic

    (The Oxford Institute for Energy Studies (OIES))

Abstract

The Great war and oil, how oil becomes a strategicoil markets commodity. Greater role for governments. ‘Peak oilPeak oil’ creed and even more government interventiongovernment intervention. Colonial world lives on. Cold warCold war. National interests, security of supply, and an international cartel. ‘Open door’ is shut. Price makers: ‘Gulf PlusGulf Plus’ and changing flows of oil. ‘Seven SistersSeven Sisters’ and totaltotal market dominance. Adjustments in prices that do not make sense. Cartel arrangements to balance the market.

Suggested Citation

  • Adi Imsirovic, 2021. "Governments and Oil Markets," Springer Books, in: Trading and Price Discovery for Crude Oils, chapter 0, pages 71-86, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-71718-6_6
    DOI: 10.1007/978-3-030-71718-6_6
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