INTRODUCTION As a well-known fact by millions of people, more than hundred and fifty years ago, Colonel Drake in Titusville, Pennsylvania did the first oil discovery. From 1859 to 2015, the use of oil and its market concept has dramatically changed by producers and consumers. First oligopoly market initiatives can be explained by the dissolution […]
CORONA VIRUSAND NEW RISKS ON THE GLOBAL SUPPLY SIDE OF OIL Oğuzhan Akyener There are many elements that are affecting the prices in the oil markets. To have a generalization, we can assume that; Supply – demand balances, including: new discoveries, stocks, number of drillings, production levels, interruption decisions, long-term contracts, development declarations […]
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