1.

Record Nr.

UNINA9910409677103321

Titolo

Beyond Market Assumptions: Oil Price as a Global Institution / / edited by Andrei V. Belyi

Pubbl/distr/stampa

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2020

ISBN

3-030-29089-1

Edizione

[1st ed. 2020.]

Descrizione fisica

1 online resource (196 pages)

Disciplina

338.23

Soggetti

Natural resources

Energy policy

International relations

International business enterprises

International law

Trade

Natural Resource and Energy Economics

Energy Policy, Economics and Management

International Relations

International Business

International Economic Law, Trade Law

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

Institutional Theory and Oil Prices: Ceci est ne pas un Marché -- The Oil Price and Resource-Society Interaction -- Oil, between monopolies and free market -- Is OPEC dead? Oil Exporters, the Paris Agreement and the Transition to a Post-Carbon World -- Petroleum Conspiracies: How Russian policymakers seek meaning in oil price volatility.

Sommario/riassunto

This book defines oil price as a social institution that exists beyond supply-demand mechanisms. Discussing oil markets in the context of the broader sociology of prices, it covers a number of theoretical and practical dimensions, such as new market uncertainties and trends, and social perceptions of energy security and of power. Further, based on case studies it explores the implications for OPEC, Russia, and Central



and Eastern Europe, as well as for the energy transition and for international investment arbitration. Featuring contributions from leading academics, researchers and business professionals, the book offers an interdisciplinary perspective on the oil price. “This book brings together an impressive team of scholars with fresh perspectives on the oil price. Even as the world attempts energy transition, oil consumption continues and the oil price is likely to become even more unpredictable and unclear than in the past. This book helps make sense of this challenging topic.” -Indra Overland is a Research Professor and Head of Centre for Energy Research, Norwegian Institute of International Affairs (NUPI) “A revealing and multidimensional analysis of oil price fluctuations in a market that seeks less uncertainty. This book discusses market and price evolution in the context of market theories, history and real-time market analysis. A welcome and timely contribution to our understanding of global energy markets.” Dr. Sara Vakhshouri is Founder and President of SVB Energy International and Professor of Energy Security at the Institute of World Politics.