An Estimation of the Drivers Behind OPEC’s Quota Decisions

Philipp Galkin, Tarek Atalla and Zhongyuan Ren
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Zhongyuan Ren: King Abdullah Petroleum Studies and Research Center

Discussion Papers from King Abdullah Petroleum Studies and Research Center

Abstract: This paper identifies key determinants that appear to shape OPEC’s quota strategy and implementation. Using econometric estimations, it examines the factors that seem to most influence members’ adherence to their production commitments in the short term and what drives the organization’s quota decisions and level of compliance in the longer term.

Keywords: Crude oil; External shocks; Gulf Cooperation Council (GCC); Oil demand; OPEC; Petroleum industry and trade; Spare capacity (search for similar items in EconPapers)
Pages: 34 pages
Date: 2018-07
New Economics Papers: this item is included in nep-ara and nep-ene
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https://www.kapsarc.org/research/publications/an-e ... ecs-quota-decisions/ First version, 2018 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:prc:dpaper:ks-2018-dp38

DOI: 10.30573/KS--2018-DP38

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