This paper studies the target pricing zone (TPZ) hypothesis for crude oil by examining price clustering in the dollar digit. It is hypothesized that price clustering occurs within an established TPZ if OPEC is able to defend the upper and lower bounds through output changes. The results show...

Recent developments in production of oil and natural gas from the tight sand and shale rock formations (primarily hydraulic fracturing and horizontal drilling) have a profound impact on the North American energy markets. The paper reviews recent crude oil production trends and their impact on...

On January 12-13, 2012, FEEM organized a brainstorming workshop on “Financial Speculation in the Oil Market and the Determinants of the Oil Price” gathering together leading scholars in the field of energy economics and top professionals from international financial and energy institutions...