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001436775 001__ 1436775
001436775 003__ OCoLC
001436775 005__ 20230309004112.0
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001436775 008__ 210525s2021\\\\sz\a\\\\ob\\\\001\0\eng\d
001436775 019__ $$a1255218953$$a1255228263$$a1284936576
001436775 020__ $$a9783030717186$$q(electronic bk.)
001436775 020__ $$a3030717186$$q(electronic bk.)
001436775 020__ $$z9783030717179
001436775 020__ $$z3030717178
001436775 0247_ $$a10.1007/978-3-030-71718-6$$2doi
001436775 035__ $$aSP(OCoLC)1252700744
001436775 040__ $$aYDX$$beng$$erda$$epn$$cYDX$$dUKMGB$$dOCLCO$$dGW5XE$$dEBLCP$$dOCLCF$$dN$T$$dUKAHL$$dOCLCQ$$dCOM$$dOCLCO$$dOCLCQ
001436775 049__ $$aISEA
001436775 050_4 $$aHD9560.5$$b.I47 2021
001436775 08204 $$a338.27282$$223
001436775 1001_ $$aImsirovic, Adi,$$eauthor.
001436775 24510 $$aTrading and price discovery for crude oils :$$bgrowth and development of international oil markets /$$cAdi Imsirovic.
001436775 264_1 $$aCham :$$bPalgrave Macmillan,$$c[2021]
001436775 264_4 $$c©2021
001436775 300__ $$a1 online resource :$$billustrations (chiefly color)
001436775 336__ $$atext$$btxt$$2rdacontent
001436775 337__ $$acomputer$$bc$$2rdamedia
001436775 338__ $$aonline resource$$bcr$$2rdacarrier
001436775 504__ $$aIncludes bibliographical references and index.
001436775 5050_ $$aChapter 1: Introduction -- Chapter 2: Oil, Policy and Market Power -- Chapter 3: Looking at the Mirror: Early Days of the Oil Markets in the United States -- Chapter 4: From Competition to Monopoly -- Chapter 5: From Monopoly to Competition (Oil Markets Going Global) -- Chapter 6: Governments and Oil Markets -- Chapter 7: From one Cartel to Another -- Chapter 8: Producers and Companies: Transfer of Power -- Chapter 9: The Producers' Cartel -- Chapter 10: Governments and Markets -- Chapter 11: Benchmarks: Brent -- Chapter 12: Dubai and Oman: Brent's Asian Relatives -- Chapter 13: US Oil and the WTI Benchmark -- Chapter 14: Global Oil Markets: Lessons From the 2020 Covid-19 Pandemic -- Chapter 15: Epilogue.
001436775 506__ $$aAccess limited to authorized users.
001436775 520__ $$aThis is a book about the international oil market. It takes a historical perspective on how the market emerged, developed, and became what it is today--the biggest commodity market in the world. It is mature and complex, but far from perfect. Throughout most of its 150-year history, the oil market has been monopolised by companies and governments. For only a fraction of that, oil traded in a relatively free market. As a result, we had to live with "big oil" economic shocks, high oil prices, instability and wars. Using a simple concept of market power, this book will explain the meaning of "oil price" and how it is established while offering a valuable lesson for other commodities. Market power is the key to understanding the "price of oil." This book uses a simple concept of price-makers and price-takers to examine the evolution of oil markets, their structure, and prices. The early decades of the oil industry were competitive with low barriers to entry. Barely 25 years later, the Standard Oil company created a refining monopoly, buying oil at its own "posted" price. In the following century, the cartel of major oil companies, helped by their governments, did the same at the international level. OPEC helped producing governments regain control of their own resources, but the organisation was never able to retain a similar level of control. After 1986 price collapse, OPEC abdicated the price-making function in favour of the market. While it never gave up attempts to influence prices, OPEC had to link their official prices to one of the global oil benchmarks. Modern international oil markets function because of oil benchmarks such as Brent, WTI and Dubai. This book showcases: How oil traders played a prominent role in development of the industry ; How policies of consuming nations helped oil cartels ; Why and how the US price of oil was negative ; How AI has changed the way markets operate and the way in which the markets are likely to change in future. This book explores how oil markets grew, functioned, and have occasionally failed to do their job. The ecosystem of derivatives or "paper barrels" trading in far greater volume than physical oil plays a very important role in mitigating risk. With this core tenant, setting the "price of oil" is explained in detail. Adi Imsirovic is a Senior Research Fellow at the Oxford Institute for Energy Studies (OIES). He was a Head of Oil Trading at Gazprom Marketing & Trading, Director, a regional manager of Petraco, Singapore, and a Regional Head of trading for Texaco in Asia. Adi taught Energy Economics as well as Resource and Environmental Economics at Surrey University for several years. He has published a number of papers and book chapters on the subject of oil prices, benchmarks, and energy security. Adi is a Fulbright Scholar and studied at the Graduate School of Arts and Sciences, Harvard University. @AdiSurreyEnergy
001436775 588__ $$aOnline resource; title from PDF title page (SpringerLink, viewed June 16, 2021).
001436775 650_0 $$aPetroleum industry and trade$$xEconomic aspects.
001436775 650_0 $$aPetroleum products$$xPrices.
001436775 650_0 $$aPetroleum products$$xPrices$$xHistory.
001436775 650_0 $$aEnergy policy.
001436775 650_6 $$aPétrole$$xIndustrie et commerce$$xAspect économique.
001436775 650_6 $$aProduits pétroliers$$xPrix.
001436775 650_6 $$aProduits pétroliers$$xPrix$$xHistoire.
001436775 650_6 $$aPolitique énergétique.
001436775 655_7 $$aHistory.$$2fast$$0(OCoLC)fst01411628
001436775 655_0 $$aElectronic books.
001436775 77608 $$iPrint version:$$z3030717178$$z9783030717179$$w(OCoLC)1237861384
001436775 852__ $$bebk
001436775 85640 $$3Springer Nature$$uhttps://univsouthin.idm.oclc.org/login?url=https://link.springer.com/10.1007/978-3-030-71718-6$$zOnline Access$$91397441.1
001436775 909CO $$ooai:library.usi.edu:1436775$$pGLOBAL_SET
001436775 980__ $$aBIB
001436775 980__ $$aEBOOK
001436775 982__ $$aEbook
001436775 983__ $$aOnline
001436775 994__ $$a92$$bISE