From Monopoly to Competition (Oil Markets Going Global)

Adi Imsirovic (adi.imsirovic@oxfordenergy.org)
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Adi Imsirovic: The Oxford Institute for Energy Studies (OIES)

Chapter Chapter 5 in Trading and Price Discovery for Crude Oils, 2021, pp 55-69 from Springer

Abstract: Abstract Importance of foreign markets for American oil. Russian oil, so close, yet so far. RussiaRussia liberalises and opens to foreign capital. The NobelsNobels innovate. Oil tankers and globalising oil marketoil markets. The RothschildsRothschilds open BakuBaku to the world. The Orient. Fierce international competition. Traders create the Royal Dutch ShellRoyal Dutch Shell. American kerosenekerosene loses ground. Competition in America. Tectonic changes in demand. Standard Oil trust is dissolved. The Great War.

Date: 2021
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DOI: 10.1007/978-3-030-71718-6_5

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