this paper is to show the importance of oil in world’s economy, oil production and use, its impact on world trade …, international oil market between 1950’s and 2000’s alongside with its future prospects. The greatest part of this paper is dedicated … to OPEC cartel as world’s major petroleum producer and trader as well as its forms of control in production and trade …

The paper analyzes the impact of changes in tax regimes on comparative export profitability of oil and main petroleum … products. It considers the dynamics­ of export profitability of oil and petroleum products based on the annual data for 2001 … tax legislation aimed at increasing the complexity of refining affect the profitability of oil sector­ exports. The …

global implications as the demand for energy and non-energy minerals continues to rise. © 2014 by the Massachusetts Institute …

Trust in Norwegian-Russian energy relations is one in the making. Both sides have actively pursued to build trust … to breakthroughs in co-operation such as the resolution of the maritime border and new joint ventures in oil exploration … of European gas markets, the return on investment for their upstream gas industries, and energy security in the region. …

stagflation in the 1980s after North Sea Oil began production. …This paper studies how monetary policy should optimally respond to an oil discovery.Oil discoveries provide news that …-looking inflation and a recession. To illustrate this I incorporate a government,oil and news into a standard DSGE model of a small open …

In this paper we have analyzed the specific characteristics of the energy markets in general and the products … offers a view on the evolution of the supply and demand on the energy market in the last past years, along with a forecast … analysis. The last part of the paper offers a presentation of the specific steps taken in the deregulation of the energy market …

physical commodities. We apply this framework separately to oil and gold. Our results show clear links between bond and … components. We estimate that the risk premium in oil futures has been negative over the 1980s and 1990s, and turned positive in … the mid-2000s, consistent with a declining role for supply shocks in the oil market over this period. In contrast, we …