Crude oil shocks will be felt when retail prices are freed
Oil price increase is not yet being felt by some developing economies (India) due to inelasticity of GDP to crude oil prices...
posted by Aberto Handfas | 2:26 PM
Oil Market
This blog is dedicated to discuss the political economy of oil markets with a critical and historical approach. Oil has become a unique commodity in modern capitalism. Its market has been driven by transnational corporations and financial markets speculation. Articles, papers and personal comments on the global oil market framework, its fundamentals, supply and demand, cartels, imperialist policies, and the underlain class struggle issues are being daily gathered.
Contributors
- Drilling into High Oil Prices
- OPEC increase will not answer global oil worries
- OPEC adopts 2-pronged plan to stifle oil prices
- Morgan Stanley economist sees oil crash
- Oil Markets Ignore OPEC Output Increase
- OPEC agrees to raise output to cool prices
- Oil Markets Explained
- IMF: “Will the oil market continue to be tight?”
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