TITLE

Disguised Blessing

AUTHOR(S)
Ferguson, Tim
PUB. DATE
August 2010
SOURCE
Forbes Asia;Aug2010, Vol. 6 Issue 9, p3
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reflects on the pricing scenario of petroleum for the global markets. It discusses that the petroleum prices are around 83 dollars per barrel as compared to the speculations that its price will reach 300 dollars per barrel. It explains the scenario to be affected by the post financial crisis situation of the futures market in Europe and the U.S. It states that the current price is affordable due to the prosperity of countries but portrays a need for resource utilization efficiency.
ACCESSION #
52857902

 

Related Articles

  • Global Oil Market Overview.  // UAE Oil & Gas Report;Q1 2009, p13 

    This article presents an overview of the global air market as of January 2009. One of the biggest declines in crude price in recent years have occurred in the third quarter of 2008. As stated, the October 2008 futures contract expiry and a panic response to collapsing bank shares led to an...

  • The Interdependence of Oil Spot and Futures Markets. Ghalayini, Latife // European Journal of Economics, Finance & Administrative Sciences;May2011, Issue 32, p149 

    Oil is both an important commodity for the economy of exporter as well as importer countries and the underlying asset for a large futures market. A robust increase in trading activity in the crude oil futures markets had largely occurred during the same time that the spot price of crude oil was...

  • Do Speculators Drive Crude Oil Futures Prices? B�y�ksahin, Bahattin; Harris, Jeffrey H. // Energy Journal;2011, Vol. 32 Issue 2, p167 

    The coincident rise in crude oil prices and increased number of financial participants in the crude oil futures market from 2000-2008 has led to allegations that "speculators" drive crude oil prices. As crude oil futures peaked at $147/ bbl in July 2008, the role of speculators came under heated...

  • The price of the trickle-down effect. Milligan, Andrew // Fund Strategy;4/18/2011, p19 

    The article discusses the impact of spare capacity on the rise of oil prices during the violent unrest in the Middle East. It states that oil prices have jumped 10-15 dollars a barrel when Libya generates 2% of global oil output. It notes that the limitation of spare capacity has been the...

  • Dubai to price crude on DME futures. Dennis, James // ICIS Chemical Business Americas;6/4/2007, Vol. 271 Issue 22, p34 

    This article reports that Dubai, United Arab Emirates will price crude on the Oman Crude Oil Futures Contract of the Dubai Mercantile Exchange (DME). Dubai had priced its crude using numbers from the Platts reporting service. Based on a statement issued by DME, the government of Dubai will cease...

  • Oil speculation draws scrutiny.  // Commercial Carrier Journal;Jul2008, Vol. 165 Issue 7, p16 

    The article reports on the measures developed by the U.S. Commodity Futures Trading Commission (CFTC) to determine whether there is market manipulation to increase oil prices in the country. It is noted that the measure, through better information, will ensure that commodity traders will not be...

  • Oil and the U.S. Macroeconomy: A Reinvestigation Using Rolling Impulse Response. Gronwald, Marc // Energy Journal;2012, Vol. 33 Issue 4, p143 

    This paper investigates the role of extreme oil price increases in empirical studies of the macroeconomics of oil prices. The innovative approach of rolling impulse responses is applied and data on both the aggregate and the industry-level is considered. The results show that the first oil...

  • Global Oil Market Overview.  // USA Oil & Gas Report;Q1 2009, p15 

    The article presents an overview of the global oil market. It cites the decline in crude prices in the third quarter of 2008 and discusses the oil price assumptions for 2009. It mentions the impact of the 2008 banking crisis on the global economy and oil demand. Also discussed is the prediction...

  • LATIN AMERICAN ADJUSTMENTS TO THE OPEC CRISIS AND THE WORLD RECESSION. Street, James H. // Social Science Quarterly (University of Texas Press);Jun1978, Vol. 59 Issue 1, p60 

    This article focuses on the adjustments made by countries in Latin America to cope with world recession and oil price crisis. The decision of the Organization of Petroleum Exporting Countries (OPEC) to quadruple and eventually to quintuple the world price of oil, initiated in October 1973 and...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

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

Try another library?
Sign out of this library

Other Topics