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Non-market forces significantly affect oil prices

Robert Kaufmann and Caitlin Connelly
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Caitlin Connelly: Boston University

Nature Energy, 2020, vol. 5, issue 2, 129-130

Abstract: Non-market effects, such as strategic decisions by the Organization of the Petroleum Exporting Countries, energy legislation and speculative bubbles, move crude oil prices away from the level implied by supply and demand for extended periods. These effects should be more proactively monitored and regulated to suit national and international objectives.

Date: 2020
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DOI: 10.1038/s41560-020-0563-3

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