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Setting the Oil Price

Adi Imsirovic ()
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Adi Imsirovic: Oxford University

Chapter Chapter 3 in International Oil Markets in the Age of Climate Change, 2024, pp 23-42 from Springer

Abstract: Abstract If physical oiloil is transacted based on benchmark prices, rather than outright prices, the obvious question is: ‘Why are the outright oil prices so volatile? Who fixes the price of oil and drives this volatilityvolatility in the process? And, how does the oil market really work?’

Date: 2024
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DOI: 10.1007/978-3-031-60990-9_3

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