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Trends in the Development of Crude Oil Prices in the World Markets and the Factors Affecting it

المصدر: مجلة القادسية للعلوم الإدارية والاقتصادية
الناشر: جامعة القادسية - كلية الادارة والاقتصاد
المؤلف الرئيسي: Al-Ghalbi, Karim Salem Hussein (Author)
مؤلفين آخرين: Aoun, Jinan Muslim Abd (Co-Author)
المجلد/العدد: مج24, ع1
محكمة: نعم
الدولة: العراق
التاريخ الميلادي: 2022
الصفحات: 107 - 115
ISSN: 1816-9171
رقم MD: 1268898
نوع المحتوى: بحوث ومقالات
اللغة: الإنجليزية
قواعد المعلومات: EcoLink
مواضيع:
أسعار النفط | الأسواق العالمية | الاقتصاد العالمي | الأزمات المالية
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المستخلص: Oil represents one of the main sources of energy, is an economic commodity with an unstable price, subject to many economic and non-economic factors that control this market, such as political, environmental and climatic factors, conflict of interests between consumers, producers, oil companies, expectations, speculation, and others. This research is concerned with studying the factors affecting the prices of crude oil in global markets, with a presentation of the trends of development of crude oil prices during the period (1980-2019) in the global market, as this market moves according to the law of supply and demand for crude oil. The research aims to know the most important factors affecting oil prices and the fluctuations that it went through and the trends of its development during the period 1980-2019. Among the most important conclusions that have been reached, is that crude oil prices have been characterized by fluctuations due to their impact on economic and non-economic factors and as a result of the methods followed by oil companies and OPEC, expectations and speculation, which was reflected in the state of balance between supply and demand for this strategic commodity.
ISSN: 1816-9171

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