Overview
- Introduces a new method for oil price determination beyond classic methods
- Provides an analysis that takes into account social, economic and political behavior
- Covers both the theoretical and practical analysis of oil price formation and its real economic and business consequences
- Includes contributions from leading researchers as well as business professionals
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About this book
This book defines oil price as a social institution that exists beyond supply-demand mechanisms. Discussing oil markets in the context of the broader sociology of prices, it covers a number of theoretical and practical dimensions, such as new market uncertainties and trends, and social perceptions of energy security and of power. Further, based on case studies it explores the implications for OPEC, Russia, and Central and Eastern Europe, as well as for the energy transition and for international investment arbitration. Featuring contributions from leading academics, researchers and business professionals, the book offers an interdisciplinary perspective on the oil price.
“This book brings together an impressive team of scholars with fresh perspectives on the oil price. Even as the world attempts energy transition, oil consumption continues and the oil price is likely to become even more unpredictable and unclear than in the past. This book helps make sense of this challenging topic.”
-Indra Overland is a Research Professor and Head of Centre for Energy Research, Norwegian Institute of International Affairs (NUPI)
“A revealing and multidimensional analysis of oil price fluctuations in a market that seeks less uncertainty. This book discusses market and price evolution in the context of market theories, history and real-time market analysis. A welcome and timely contribution to our understanding of global energy markets.”
Dr. Sara Vakhshouri is Founder and President of SVB Energy International and Professor of Energy Security at the Institute of World Politics.
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Table of contents (7 chapters)
Editors and Affiliations
About the editor
Bibliographic Information
Book Title: Beyond Market Assumptions: Oil Price as a Global Institution
Editors: Andrei V. Belyi
DOI: https://doi.org/10.1007/978-3-030-29089-4
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-29088-7Published: 27 March 2020
Softcover ISBN: 978-3-030-29091-7Published: 26 August 2021
eBook ISBN: 978-3-030-29089-4Published: 26 March 2020
Edition Number: 1
Number of Pages: XXXIII, 166
Number of Illustrations: 22 b/w illustrations, 10 illustrations in colour
Topics: Natural Resource and Energy Economics, Energy Policy, Economics and Management, International Relations, International Business, International Economic Law, Trade Law