Description

Setting the price of oil, one of the most sought-after and traded commodities in the global market, has been a major issue in the field of economics. In this book, Abdulaziz M. Aldukheil offers his mathematical base for setting the price of Middle Eastern crude oil and its application in oil exporting nations. Focusing on Saudi Arabia, An Optimum Base for Pricing Middle Eastern Crude Oil examines the deficiencies of present price-setting methods where production (extraction), trade, return on foreign investment and the subsequent investment of surplus revenues present complex questions for the Saudi Arabian economy. The author suggests that if the nation has to produce more oil than what it can invest in at home, it has to be offered foreign investment with a return equal to the annual real rate of growth crude oil price.

An Optimum Base for Pricing Middle Eastern Crude Oil

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Hardback by Abdulaziz M Aldukheil

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Short Description:

Setting the price of oil, one of the most sought-after and traded commodities in the global market, has been a... Read more

    Publisher: Saqi Books
    Publication Date: 30/03/2020
    ISBN13: 9780863565434, 978-0863565434
    ISBN10: 0863565433

    Number of Pages: 288

    Non Fiction , Business, Finance & Law

    Description

    Setting the price of oil, one of the most sought-after and traded commodities in the global market, has been a major issue in the field of economics. In this book, Abdulaziz M. Aldukheil offers his mathematical base for setting the price of Middle Eastern crude oil and its application in oil exporting nations. Focusing on Saudi Arabia, An Optimum Base for Pricing Middle Eastern Crude Oil examines the deficiencies of present price-setting methods where production (extraction), trade, return on foreign investment and the subsequent investment of surplus revenues present complex questions for the Saudi Arabian economy. The author suggests that if the nation has to produce more oil than what it can invest in at home, it has to be offered foreign investment with a return equal to the annual real rate of growth crude oil price.

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