TITLE

THE WORLD OIL MARKET - STATISTICAL ANALYSIS

AUTHOR(S)
Liviu-Stelian, Begu; Mariana, Gagea; AnaMaria, Alexandru
PUB. DATE
June 2009
SOURCE
Annals of the University of Oradea, Economic Science Series;2009, Vol. 18 Issue 2, p632
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
For some countries the oil is the main source of income, while for others it represents the main raw material for energetic needs. Thus, the oil price has major influence on their economies and it is important for them that it stabilizes at a level profitable for both producers and consumers. The present paper aims to analyze the world oil market through a comparative analysis of the different world regions' situation starting with 1980 trough the end of the Cold War and from 1992 to the present. For this purpose, we used parametric methods in order to underline the relationships existent on the world oil market between its different components, i.e.: reserves, production, consumption, exports, imports, stocks and price. The analysis led to the conclusion that there are strong relationships between them, and that the respective relations are strongly influenced by the world economy condition.
ACCESSION #
48548511

 

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