Wlazlowski, Szymon; Hagstromer, Bjorn; Giulietti, Monica - In: Applied Economics 43 (2011) 24, pp. 3337-3347
Crude oil markets witness growing disparity between the quality of crudes supplied and demanded in the market. The market share of low-quality crudes is increasing due to the depletion of old fields and increasing demand. This is unnerving the practitioners and affecting the relevance of the...