المستخلص: |
This paper attempts to analyze and determine future transformation of OPEC-Plus Stackelberg market structure, whether from fractional equilibrium where the OPEC behaves as an arbitrageur player, or where OPEC-Plus act as compatible in a Stackelberg crude oil market conditions. We provided a factual evidence of global energy market structure until 2030 that should ignore suppliers’ intentions and the potential of OPEC Plus members cheating in production quotas. We used global dynamic stochastic optimization model (GDSOM) to test the sensitivity of future OPEC-Plus Stackelberg market behavior due to demand elasticity rating of full market competition conditions, oligopoly and dynamic stochastic market conditions. Empirical results show that future OPEC-Plus Stackelberg market does not presents synergy in dynamic stochastic crude market conditions, which does not comply with the main research rational hypotheses.
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