The Resource Understanding oil prices : a guide to what drives the price of oil in today's markets, Salvatore Carollo, (electronic book)

Understanding oil prices : a guide to what drives the price of oil in today's markets, Salvatore Carollo, (electronic book)

Label
Understanding oil prices : a guide to what drives the price of oil in today's markets
Title
Understanding oil prices
Title remainder
a guide to what drives the price of oil in today's markets
Statement of responsibility
Salvatore Carollo
Creator
Author
Subject
Language
eng
Summary
"Oil prices have seen massive fluctuation over the past 10 years, with price per barrel growing from $9 to $140. More recently, we have seen fluctuation from $140 to $37/barrel, and back up to $120 - all in a matter of months. But why? It is still a popular belief that OPEC can affect the price of oil by regulating the volume of production and using this key raw material for their political aims, but the reality is quite different. In the last decade, despite a constant potential surplus of crude in the markets, we have seen the prices fluctuating dramatically with no apparent logic.Starting from the Chernobyl accident and the Clean Air Act implementation in the US, structural changes within the oil industry have modified the dynamics of oil prices. The existing technological refining system is no longer adequate to transform, with the necessary continuity, the crude oils into the high-quality finished products demanded by the market. Furthermore, from the beginning of the year 2000, the oil futures market detached itself almost completely from its original nature (the barrel of oil), becoming a purely financial market, but still able to heavily affect the real oil prices. More sophisticated models are needed to understand this new scenario.This book thoroughly demystifies the oil market, showing readers what really moves the price of oil today. It provides a comprehensive analysis of the industry fundamentals and the role of financial speculation, illustrating the complexity of the relationship of three different markets that regulate the oil sector: the crude oil market (raw material), the finished products market (gasoline, diesel, jet fuel, fuel oil, chemical feedstocks, lubricants), and the financial market (futures). It will provide an excellent grounding in the topic for anyone involved or interested in the oil markets, including financial analysts, traders, investors and energy market participants"--
Member of
Assigning source
Provided by publisher
Cataloging source
CaPaEBR
http://library.link/vocab/creatorName
Carollo, Salvatore
Illustrations
illustrations
Index
index present
LC call number
HD9560.4
LC item number
.C37 2012eb
Literary form
non fiction
Nature of contents
  • standards specifications
  • bibliography
Series statement
Wiley finance series
http://library.link/vocab/subjectName
  • Petroleum products
  • Petroleum industry and trade
Label
Understanding oil prices : a guide to what drives the price of oil in today's markets, Salvatore Carollo, (electronic book)
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ebr10509854
Dimensions
unknown
Extent
xxv, 168 p.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Other physical details
ill.
Reproduction note
Electronic resource.
Specific material designation
remote
Label
Understanding oil prices : a guide to what drives the price of oil in today's markets, Salvatore Carollo, (electronic book)
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
ebr10509854
Dimensions
unknown
Extent
xxv, 168 p.
Form of item
electronic
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Original version note
Original electronic resource
Other physical details
ill.
Reproduction note
Electronic resource.
Specific material designation
remote

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