Petroleum Sovereign Wealth Funds

Jean-Marie Chevalier

Revue d'Économie Financière, 2009, vol. 9, issue 1, 19-24

Abstract: [eng] The increase in oil prices between 2002 and 2008 has increased the size and the influence of sovereign wealth funds (SWFs) that were established by the main oil and gas exporting countries. The low level of oil prices at the end of 2008 doesn't eliminate the fundamental increasing trend in energy prices. SWFs have become important players on the financial and industrial global scene. The financial crisis drove some financial companies to turn for rescue to SWFs which have now a role to play for a redefinition of world capitalism's governance. . JEL Classification : F21, F30, Q33

Date: 2009
Note: DOI:10.3406/ecofi.2009.5487
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