Abstract
Developments in the global oil market and changes in the structure of the Danish market during the nineteen eighties are described. Price notation on world market spot markets had a significant influence on the fixing of prices in the consumer countries. The influence of the OPEC lands has been reduced. One must note the over-capacity which followed the two oil crises. On the Danish market many of the larger international companies have withdrawn from the scene. Reduction in the number of independent Danish oil companies continues. These factors have led to increased market concentration. Denmark`s recovery of oil covers 70% of domestic consumption. It is evaluated whether oil companies have taken advantage of the Gulf War for monetary gain and whether they have changed their buying practises in order to take advantage of holding less stock. It was found that companies are very quick to follow Rotterdam prices (three days) and that more price reductions are given than before the Gulf War. Danish prices are quick to follow the rises and falls in the European market and did not differ much from the European ones during 1990. Only raw oil producers seem to have gained economically from the Gulf War,
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Citation Formats
None.
The fixing of prices by the oil companies during the Gulf war; Olieselskabernes prisfastsaettelse under Golfkrisen.
Denmark: N. p.,
1991.
Web.
None.
The fixing of prices by the oil companies during the Gulf war; Olieselskabernes prisfastsaettelse under Golfkrisen.
Denmark.
None.
1991.
"The fixing of prices by the oil companies during the Gulf war; Olieselskabernes prisfastsaettelse under Golfkrisen."
Denmark.
@misc{etde_10133712,
title = {The fixing of prices by the oil companies during the Gulf war; Olieselskabernes prisfastsaettelse under Golfkrisen}
author = {None}
abstractNote = {Developments in the global oil market and changes in the structure of the Danish market during the nineteen eighties are described. Price notation on world market spot markets had a significant influence on the fixing of prices in the consumer countries. The influence of the OPEC lands has been reduced. One must note the over-capacity which followed the two oil crises. On the Danish market many of the larger international companies have withdrawn from the scene. Reduction in the number of independent Danish oil companies continues. These factors have led to increased market concentration. Denmark`s recovery of oil covers 70% of domestic consumption. It is evaluated whether oil companies have taken advantage of the Gulf War for monetary gain and whether they have changed their buying practises in order to take advantage of holding less stock. It was found that companies are very quick to follow Rotterdam prices (three days) and that more price reductions are given than before the Gulf War. Danish prices are quick to follow the rises and falls in the European market and did not differ much from the European ones during 1990. Only raw oil producers seem to have gained economically from the Gulf War, but this is not judged as speculation. Refinery and import companies have acted in a similiar way to each other and have not seemed to decease their stock after the Gulf War in order to buy at a lower price. (AB).}
place = {Denmark}
year = {1991}
month = {Dec}
}
title = {The fixing of prices by the oil companies during the Gulf war; Olieselskabernes prisfastsaettelse under Golfkrisen}
author = {None}
abstractNote = {Developments in the global oil market and changes in the structure of the Danish market during the nineteen eighties are described. Price notation on world market spot markets had a significant influence on the fixing of prices in the consumer countries. The influence of the OPEC lands has been reduced. One must note the over-capacity which followed the two oil crises. On the Danish market many of the larger international companies have withdrawn from the scene. Reduction in the number of independent Danish oil companies continues. These factors have led to increased market concentration. Denmark`s recovery of oil covers 70% of domestic consumption. It is evaluated whether oil companies have taken advantage of the Gulf War for monetary gain and whether they have changed their buying practises in order to take advantage of holding less stock. It was found that companies are very quick to follow Rotterdam prices (three days) and that more price reductions are given than before the Gulf War. Danish prices are quick to follow the rises and falls in the European market and did not differ much from the European ones during 1990. Only raw oil producers seem to have gained economically from the Gulf War, but this is not judged as speculation. Refinery and import companies have acted in a similiar way to each other and have not seemed to decease their stock after the Gulf War in order to buy at a lower price. (AB).}
place = {Denmark}
year = {1991}
month = {Dec}
}