{"product_id":"market-expectations-and-oil-price-formation-opec-decisions-von-kirsi-eeli","title":"Market Expectations and Oil Price Formation; OPEC Decisions","description":"\u003cp\u003eThe oil and oil business have a major role in world  economy.  Oil business started to grow on 1950'' and  since then it has been the leading force in energy  market.   The OPEC Organisation of Petroleum Exporting  Countries was founded on 1960 to annex the resources  of oil producer countries.   There are many market fundamentals, which affect on  oil price and oil price formation. The major role is  on the balance of supply and demand. Oil inventories  and quantity of all oil reserves, deal made in oil  exchange and political situations inclueding wars  have also certain affect to the oil price.   The oil markets were unstable during the last few  years and the price curve of oil has been a real  roller coaster. The situation has arrogated OPEC to  act and be a charge in oil price formation. During  the 1998 the price was on bottom price in years and  vice versa on 2000 the price was excessively high.  The OPEC has made a several decisions to stable the  oil price fluctuation during these erratic years.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783838326696\"\u003e\u003ch3\u003eDoes OPEC meetings effect oil price formation beforehand?\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783838326696","offer_id":39499050745949,"sku":"9783838326696","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/3f556621-e634-486f-bfa5-2a716253cdcb.jpg?v=1757826345","url":"https:\/\/shop.autorenwelt.de\/en\/products\/market-expectations-and-oil-price-formation-opec-decisions-von-kirsi-eeli","provider":"Autorenwelt Shop","version":"1.0","type":"link"}