The Evolution of Oil Markets

The objective of this book is to analyze the evolution of oil pricing mechanisms in recent years.

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Rather than speculate about future prices in oil markets, Roeber probes the nature of market structures and suggests ways in which they may evolve in the future. He explains that the way the oil market works is a matter of great importance, but difficult for the non-specialist to grasp. By examining the various mechanisms in detail, he makes the subject understandable both to non-specialists and to those officials who make important decisions about energy matters, particularly in times of crisis.