{"product_id":"understanding-oil-prices-9781119962724","title":"Understanding Oil Prices","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003eExplains that the truth behind increasingly volatile oil market is that over the years oil prices have come untethered from all classical notions of supply and demand and have transcended any country's, consortium's, cartel's, or corporate entity's powers to control them.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eForeword xiii\u003c\/b\u003e  \u003cp\u003e\u003cb\u003ePreface xv\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eQuick Reference Guide xix\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eList of Figures xxiii\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eList of Tables xxvii\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eList of Boxes xxix\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 TheWorld Crude Oil Paradoxes 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 The Market Events from 2008 to 2011 7\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWorld Energy Policy 8\u003c\/p\u003e \u003cp\u003eThe Financial Crisis and the Oil Market 10\u003c\/p\u003e \u003cp\u003eFundamentals or Financial Speculation? 17\u003c\/p\u003e \u003cp\u003eDemand\/Supply of Gasoline and Gasoil 21\u003c\/p\u003e \u003cp\u003eWTI – Brent Differential 24\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 Evolution of the Price of Crude Oil from the 1960s up to 1999 29\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1960–1980: The Oil Monopoly and the Two Crises in the 1970s 30\u003c\/p\u003e \u003cp\u003eThe 1980s: The Gradual Disappearance of OPEC 33\u003c\/p\u003e \u003cp\u003eThe Price War 35\u003c\/p\u003e \u003cp\u003e1985–2000: From the Introduction of Brent as an International Benchmark to the Clean Air Act 37\u003c\/p\u003e \u003cp\u003eThe Suicide of OPEC 40\u003c\/p\u003e \u003cp\u003eThe Start of the Free Market 41\u003c\/p\u003e \u003cp\u003eThe Consequences of the Environmental Turnaround 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4 Changes in the Market for Automotive Fuels 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvolution of Environmental Demand 45\u003c\/p\u003e \u003cp\u003eGasoline and its Components 50\u003c\/p\u003e \u003cp\u003eReforming 51\u003c\/p\u003e \u003cp\u003eCracking 52\u003c\/p\u003e \u003cp\u003eAlkylation 53\u003c\/p\u003e \u003cp\u003eIsomerization 53\u003c\/p\u003e \u003cp\u003eRefiners Walk the Tightrope 53\u003c\/p\u003e \u003cp\u003eThe Fiscal Policy of the Industrialized Countries Regarding Fuels 55\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5 World Oil Flow 63\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTransformations in the Downstream 66\u003c\/p\u003e \u003cp\u003eWorld Supply Structure 70\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6 The Classical Model of the International Oil Market 73\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7 The Short-term Model of the International Oil Market 81\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8 The Brent Market 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Sale and Purchase Contract 90\u003c\/p\u003e \u003cp\u003eThe Forward Market for Brent (15 day Brent Contract) 94\u003c\/p\u003e \u003cp\u003eThe IPE Brent Market 100\u003c\/p\u003e \u003cp\u003eThe Divorce Between Oil Price and Oil 102\u003c\/p\u003e \u003cp\u003e\u003cb\u003e9 Principal Uses of the Forward and Futures Markets 105\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax Spinning 105\u003c\/p\u003e \u003cp\u003eBenchmarking 105\u003c\/p\u003e \u003cp\u003eHedging the Price Risks 106\u003c\/p\u003e \u003cp\u003eSpeculations on Operational Flexibilities at Loading 114\u003c\/p\u003e \u003cp\u003eMarket Structure: Contango and Backwardation 117\u003c\/p\u003e \u003cp\u003eProcedures at the Loading Terminals 119\u003c\/p\u003e \u003cp\u003e\u003cb\u003e10 Problems of the Brent Forward Market 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e11 The European Refinery Crisis 131\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e12 Conclusions:We are Ourselves OPEC 155\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eBibliography 163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIndex 165\u003c\/b\u003e\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407194628439,"sku":"9781119962724","price":38.95,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119962724.jpg?v=1730498510","url":"https:\/\/bookcurl.com\/products\/understanding-oil-prices-9781119962724","provider":"Book Curl","version":"1.0","type":"link"}