Modelling the Price of Oil

Robert W Bacon

Oxford Review of Economic Policy, 1991, vol. 7, issue 2, 17-34

Abstract: This paper surveys the problem of modelling the determination of the price of crude oil. It discusses the need to define the price used and its relation to other related prices (such as the price of refined products). The factors determining the demand for oil, the supply of oil by OPEC and non-OPEC countries, and the behavior of stocks are discussed. Finally, some forecasts are presented and general conclusions are drawn on the difficulties of forecasting this series. Copyright 1991 by Oxford University Press.

Date: 1991
References: Add references at CitEc
Citations: View citations in EconPapers (8)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:oxford:v:7:y:1991:i:2:p:17-34

Access Statistics for this article

Oxford Review of Economic Policy is currently edited by Christopher Adam

More articles in Oxford Review of Economic Policy from Oxford University Press and Oxford Review of Economic Policy Limited
Bibliographic data for series maintained by Oxford University Press ().