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Arbeitspapier

Crude Oil Price Fluctuations and Saudi Arabian Behaviour

Kieler Arbeitspapiere, 1014

Autoren

  • De Santis
  • R.A.

Erscheinungsdatum

JEL Classification

D58 F13 Q40

Schlagworte

OPEC Länder

This study seeks to explain why crude oil prices fluctuate, the main cause being the quota regime, which characterises the OPEC agreements. Given that the Saudi oil supply is inelastic in the short term, a shock in the oil market is accommodated by an imm

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