Melhem, Sadek; Terraza, Michel - In: Economics Bulletin 31 (2011) 2, pp. 1163-1171
In this paper, we study the oil price formation for the purpose of understanding price reactions of OPEC member … demonstrated that Saudi Arabia behaves as a leader in the OPEC structure market while it behaves differently when linked to other … reference markets. Generally, Saudi Arabia behaves more potentially and more moderately than the other OPEC members in …