Working Paper
Crude Oil Price Fluctuations and Saudi Arabian Behaviour
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
Key Words
- Computable General Equilibrium
- Crude oil prices
- export quota
- OPEC countries
- OPEC Länder