The Factors Affecting Fluctuations in Global Crude Oil Prices in the Light of Economic Theory
| المصدر: | مجلة القادسية للعلوم الإدارية والاقتصادية |
|---|---|
| الناشر: | جامعة القادسية - كلية الادارة والاقتصاد |
| المؤلف الرئيسي: | Al Shukri, Abdel Azim Abdel Wahed Kazem (Author) |
| مؤلفين آخرين: | Thamer, Hussein Majed (Co-Author) |
| المجلد/العدد: | مج23, ع4 |
| محكمة: | نعم |
| الدولة: |
العراق |
| التاريخ الميلادي: |
2021
|
| الصفحات: | 71 - 82 |
| ISSN: |
1816-9171 |
| رقم MD: | 1235290 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| رابط المحتوى: |
الناشر لهذه المادة لم يسمح بإتاحتها. |
| المستخلص: |
The set of economic and non-economic factors has a significant impact in determining crude oil prices through the interaction of forces affecting the oil market, such as oil-producing and consuming countries, The first group plays a major role in determining the prices of crude oil as a depleted economic resource according to the interaction of supply and demand forces, and the stability of the global oil market depends on basic factors, The most important of which is the interaction between supply and demand and the balance between them by withdrawing or adding to the global stockpile of crude oil, A disruption to one or more of these factors would inevitably cause a disruption in the global crude oil market, It may happen that the price path of crude oil is the result of a balance between supply and demand for it, or that the price of oil is the influence in the occurrence of this balance, and changing any of them will necessarily lead to a change in the other, which will be successive streams one after the other, Events have shown that changes in oil market conditions and supply and demand responses to price changes have an important relationship with the behavior and implications of the policy of OPEC and non-OPEC producers and exporters, Thus, the process of determining crude oil prices at present and in the future depends, in an essential part, on what is caused by supply and demand factors in the global crude oil market, In addition to the presence of other factors that have an impact on prices, so in this research we will clarify these factors and the extent of their impact through three demands: The first requirement: the economic factors affecting the volume of the total international oil supply. The second requirement: the economic factors affecting the global demand for crude oil. The third requirement: non-economic factors affecting the price of crude oil. |
|---|---|
| ISSN: |
1816-9171 |
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