Research and publications

When Has OPEC Spare Capacity Mattered for Oil Prices?

Oil prices usually “feed off multiple influences”, as noted in Büyüksahin (2011). There are various influences on oil prices. However, are there times when OPEC spare capacity is the most imp ...

Author(s):

Hilary Till

Summary:

Oil prices usually “feed off multiple influences”, as noted in Büyüksahin (2011). There are various influences on oil prices. However, are there times when OPEC spare capacity is the most important factor for driving oil prices? This article will argue the answer is yes, and will discuss the circumstances when this has been the case in the past.

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Type :	Working paper
Date :	09/11/2015
Keywords :	Commodities

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