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Middle East and the global oil pricing system

Middle East and the global oil pricing system

von Nuno Luis Madureira
Softcover - 9786202115407
26,90 €
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Beschreibung

This article explains how the Middle East became a new geographical base point for petroleum transactions, and the hub of the global pricing system. The sudden discovery of several Middle East giant oilfields (1943-1947) along with the disclosure of the region¿s reserves potential, turned the global pricing equilibrium harder to sustain. Given the potential petroleum reserves in the Persian Gulf, 1950 constituted the breakthrough moment for the consolidation of a global oil pricing system that interlinked Middle East production centers in the Eastern hemisphere with the American and Caribbean oilfields in the Western hemisphere.

c. 1945-1950

Details

Verlag Editorial Académica Española
Ersterscheinung 14. März 2018
Maße 22 cm x 15 cm x 0.5 cm
Gewicht 119 Gramm
Format Softcover
ISBN-13 9786202115407
Seiten 68