05504cam a2200745Ii 4500 ocn769188929 OCoLC 20171115123528.0 m o d cr cn||||||||| 110923s2012 enka ob 001 0 eng d 9781118467251 (electronic bk.) 1118467256 (electronic bk.) 9781119962892 (electronic bk.) 1119962897 (electronic bk.) 9781119962908 (electronic bk.) 1119962900 (electronic bk.) 9781119962724 (hbk.) 1119962722 (hbk.) 9786613333155 (YBP)7225109 AU@ 000049049987 AU@ 000053284810 DEBBG BV040591939 DEBBG BV040867921 DEBBG BV042739435 DEBSZ 397180411 GBVCP 790037297 NLGGC 340660635 NZ1 14792797 (OCoLC)769188929 (OCoLC)773581239 (OCoLC)779254767 (OCoLC)787906509 (OCoLC)820335805 (OCoLC)860795590 333315 MIL 2BF5E444-B5FE-4F46-A336-EF8B70BD6D82 OverDrive, Inc. http://www.overdrive.com E7B eng rda pn E7B N$T YDXCP WAU EBLCP UIU DG1 OCLCQ TEFOD CDX AU@ DKDLA OCLCO A7U OCLCQ DEBSZ OCLCF IAT OCLCO U3G OCLCQ TEFOD OCLCQ COO OCLCO MAIN HD9560.4 .C37 2012eb BUS 070000 bisacsh 338.23282 23 BUS027000 bisacsh Carollo, Salvatore, author. Understanding oil prices : a guide to what drives the price of oil in today's markets / Salvatore Carollo. [electronic resource] Guide to what drives the price of oil in today's markets Chichester, West Sussex : Wiley, a John Wiley & Sons, Ltd., Publication, 2012. 1 online resource (xxv, 168 pages) : illustrations. text txt rdacontent computer c rdamedia online resource cr rdacarrier Wiley finance series Includes bibliographical references and index. The World Crude Oil Paradoxes -- The Market Events from 2008 to 2011 -- Evolution of the Price of Crude Oil from the 1960s up to 1999 -- Changes in the market for automotive fuels -- World oil flow -- The classical model of the international oil market -- The short-term model of the international oil market -- The Brent market -- Principal uses of the forward and futures markets -- Problems of the Brent Forward market -- The European refinery crisis -- Conclusions: We are ourselves OPEC. "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"--Provided by publisher. Print version record. Petroleum products Prices. Petroleum industry and trade History. BUSINESS & ECONOMICS Industries General. bisacsh Petroleum industry and trade. fast (OCoLC)fst01059546 Petroleum products Prices. fast (OCoLC)fst01059747 Electronic books. History. fast (OCoLC)fst01411628 Electronic books. local Print version: Carollo, Salvatore. Understanding oil prices. 2nd ed. Chichester, West Sussex : Wiley, 2012 9781119962724 (DLC) 2011039266 (OCoLC)746834704 Wiley finance series. http://onlinelibrary.wiley.com/book/10.1002/9781118467251 Wiley Online Library ddc BK 205466 205466