Last edited by Maule
Tuesday, July 14, 2020 | History

1 edition of The State and the International Oil Market found in the catalog.

The State and the International Oil Market

Competition and the Changing Ownership of Crude Oil Assets

by Coby Linde

  • 384 Want to read
  • 34 Currently reading

Published by Springer US in Boston, MA .
Written in English

    Subjects:
  • Economic policy,
  • Environmental economics,
  • Engineering economy,
  • Economics,
  • Industrial organization (Economic theory)

  • About the Edition

    The dominant position of the oil-producing countries is being challenged in the international oil market by the large international oil companies. The large private international oil companies, already comparable in size to the largest of the NOCs, have managed to make significant advances in efficiency in the field of organization, finance, human capital and technology. Their ability to compete has improved dramatically since 1973. Moreover, the availability of new opportunities for exploration in the former Soviet Union has allowed the private international oil companies to expand their activities and lure capital away from the OPEC countries. As a result, the average cost of a barrel of oil produced by the private companies has decreased substantially since the 1970s. At the same time, costs for the NOCs have increased due to organizational inefficiencies. The difference between `low-cost-extraction" oil and `high-cost-extraction" oil, the critical element in the competitive advantage of the OPEC countries, has been significantly narrowed. Unless the oil-producing countries acknowledge the root of their problems, they will end up surrendering their remaining competitive advantage by clinging to an obsolete oil regime.

    Edition Notes

    Statementby Coby Linde
    SeriesStudies in Industrial Organization -- 23, Studies in industrial organization -- 23.
    Classifications
    LC ClassificationsHD28-70, HD2321-4730.9
    The Physical Object
    Format[electronic resource] :
    Pagination1 online resource (ix, 172 p.)
    Number of Pages172
    ID Numbers
    Open LibraryOL27089072M
    ISBN 101461370663, 1461545757
    ISBN 109781461370666, 9781461545750
    OCLC/WorldCa851841466

    Search the world's most comprehensive index of full-text books. My library. HOUSTON, J (GLOBE NEWSWIRE) -- Oil States International, Inc. (NYSE: OIS) reported a net loss for the second quarter of of $ million, or $ per diluted share, on revenues of $ million and Consolidated EBITDA (Note A) of $ reported second quarter results included severance and downsizing charges totaling $ million ($ million after-tax, or.

    As another example, you may hear on the news about an oil refinery explosion where a supply of crude oil is compromised. This will cause the price of oil to increase. There's also the international commodities market, where investors hedge bets on how much they think the price of oil will increase or decrease down the : Patrick E. George. The oil producer may have problems, however, if it is required to renegotiate the tariff rate after it has spent its capital in field development and must rely on the pipeline to get its oil to market. The tariff rate will certainly affect the economic return from a field. Gas Markets. Unlike the market for oil, the market for natural gas is local.

      The United States is one of the largest crude oil producers. About countries produce crude oil. The United States was the top crude oil producer in and U.S. oil refineries obtain crude oil produced in the United States and in other countries. Different types of companies supply crude oil to the world market. The international oil market was dominated by the “Seven Sisters” multinational companies and was largely separate from that of the former Soviet Union (FSU) and other centrally planned economies (CPEs). OPEC developed its collective vision, set up its objectives and established its Secretariat, first in Geneva and then, in , in Vienna.


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The State and the International Oil Market by Coby Linde Download PDF EPUB FB2

The State and the International Oil Market (Studies in Industrial Organization) Softcover reprint of the original 1st ed. Edition by C. Linde (Author)Cited by: 7. The State and the International Oil Market Competition and the Changing Ownership of Crude Oil Assets Authors: van der Linde, C.

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