Working Paper

Crude Oil Price Fluctuations and Saudi Arabian Behaviour

Kiel Working Papers, 1014

This study seeks to explain why crude oil prices fluctuate, the main cause being the quota regime, which characterises the OPEC agreements. Given that the Saudi oil supply is inelastic in the short term, a shock in the oil market is accommodated by an imm


Roberto A. De Santis


Publication Date
JEL Classification
D58, F13, Q40