Oil Markets and Prices: The Brent Market and the Formation of World Oil Prices

by Paul Horsnell and Robert Mabro

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The market for North Sea Brent Oil directly determines the price of over one-half of the world trade in crude oil. This study analyzes the workings of the oil market and describes how crude oil prices are determined throughout the world. It covers OPEC pricing, futures markets for oil, the impact of the UK taxation regime, and the mechanisms by which the world price of oil is determined. The text should be of benefit to those working in the areas of futures and forward markets, OPEC behaviour, North Sea oil, oil taxation and oil prices.
  • ISBN10 0197300138
  • ISBN13 9780197300138
  • Publish Date 1 June 1993
  • Publish Status Out of Print
  • Out of Print 1 April 2009
  • Publish Country GB
  • Publisher Oxford University Press
  • Imprint Oxford University Press/Oxford Institute for Energ
  • Format Hardcover
  • Pages 352
  • Language English