IDEAS home Printed from https://ideas.repec.org/p/sur/seedps/93.html
   My bibliography  Save this paper

Modelling Saudi Arabia Behaviour in the World Oil Market 1976-1996

Author

Listed:
  • Nourah A. Al-Yousef

    (Surrey Energy Economics Centre (SEEC), Department of Economics, University of Surrey)

Abstract

The importance of Saudi Arabia as a large producer of oil can not be ignored. In the Seventies, OPEC determined the price of Abrabian Light as a reference and the members of OPEC set the price of their oil, selling as much as they wanted, while Saudi Arabia was able to maintain its role as the residual supplier and acted as the swing producer adjusting its output to stabilise the price of oil. However, the expansion of non-OPEC supply and other factors influencing the world oil in the Eighties led Saudi Arabia to adopt the role of market sharing producer. Two models are tested using cointegration tests (Johansen procedures) and appropriate time series of oil price and product data are used. Each time series is tested for stationarity and seasonality.

Suggested Citation

  • Nourah A. Al-Yousef, 1998. "Modelling Saudi Arabia Behaviour in the World Oil Market 1976-1996," Surrey Energy Economics Centre (SEEC), School of Economics Discussion Papers (SEEDS) 93, Surrey Energy Economics Centre (SEEC), School of Economics, University of Surrey.
    • Handle: RePEc:sur:seedps:93
    as

    Download full text from publisher

    File URL: https://repec.som.surrey.ac.uk/seeds/SEEDS93.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Alam, Qaiser & Alam, Shabbir & Jamil, Syed Ahsan, 2016. "Oil demand and price elasticity of energy consumption in the GCC countries: A panel cointegration analysis," Business and Economic Horizons (BEH), Prague Development Center (PRADEC), vol. 12(2).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sur:seedps:93. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mona Chitnis (email available below). General contact details of provider: https://edirc.repec.org/data/eesuruk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.