The Resource The Price of Oil - Will it Start Rising Again?, Jean-Marc Fournier ... [and others], (electronic resource)

The Price of Oil - Will it Start Rising Again?, Jean-Marc Fournier ... [and others], (electronic resource)

Label
The Price of Oil - Will it Start Rising Again?
Title
The Price of Oil - Will it Start Rising Again?
Statement of responsibility
Jean-Marc Fournier ... [and others]
Contributor
Subject
Language
eng
Summary
Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource. A set of oil demand equations is estimated for OECD and non-OECD countries, which is then combined with assumptions about the behaviour of supply to analyse the impact of a range of macroeconomic and policy scenarios on the future oil price path. The scenario analysis suggests that a return of world growth to slightly below pre-crisis rates would be consistent with an increase in the price of Brent crude to far above early-2012 levels by 2020. This increase would be mostly driven by higher demand from non-OECD economies - in particular China and India. The expected rise in the oil price is unlikely to be smooth. Sudden changes in the supply or demand of oil can have very large effects on the price in the short run
Member of
Cataloging source
FR-PaOEC
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Fournier, Jean-Marc
  • Koske, Isabell
  • Wanner, Isabelle
  • Zipperer, Vera
Series statement
OECD Economics Department Working Papers,
Series volume
no.1031
http://library.link/vocab/subjectName
  • Economics
  • Force and energy
  • Power (Mechanics)
  • Power resources
  • Economics
  • Energy
Label
The Price of Oil - Will it Start Rising Again?, Jean-Marc Fournier ... [and others], (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
840465483
Dimensions
21 x 30 cm
Extent
1 electronic resource 46 pages
File format
multiple file formats
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k49q186vxnp-en
Specific material designation
remote
System control number
(OCoLC)840465483
Label
The Price of Oil - Will it Start Rising Again?, Jean-Marc Fournier ... [and others], (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
840465483
Dimensions
21 x 30 cm
Extent
1 electronic resource 46 pages
File format
multiple file formats
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k49q186vxnp-en
Specific material designation
remote
System control number
(OCoLC)840465483

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