Share This Article:

Analysis of the International Oil Price Fluctuations and Its Influencing Factors

Full-Text HTML XML Download Download as PDF (Size:308KB) PP. 39-46
DOI: 10.4236/ajibm.2012.22006    10,624 Downloads   20,449 Views   Citations
Author(s)    Leave a comment

ABSTRACT

Oil is one of the important strategic energy to guarantee the development of modern industry and economy, and is also an important resource, which is scrambled by each interest group in the world. Oil price fluctuation is always regarded as the barometer of worldwide economy, whose each change would be the hot issue to be concerned and discussed gen- erally in political and economic circle in every country. This paper systematically reviewed the historical path of inter- national oil price fluctuation, analyzed comprehensively all factors, which effect the oil price fluctuation and proposed the countermeasures and advices to respond the international oil price fluctuation. Through the analysis, this paper ar- gues that the influencing factors are various, and with the development of the world’s economy, the types of these in- fluencing factors would increase and the influencing intensity, which presented by the various factors that affect the oil price, would also different in different historical periods.

Conflicts of Interest

The authors declare no conflicts of interest.

Cite this paper

L. Yan, "Analysis of the International Oil Price Fluctuations and Its Influencing Factors," American Journal of Industrial and Business Management, Vol. 2 No. 2, 2012, pp. 39-46. doi: 10.4236/ajibm.2012.22006.

References

[1] J. Lin, A. J. Wang, W. J. Yu and Y. Zhou, “The Impacts of Oil Futures Market Mechanism on Chinese Oil Security,” Acta Geoscientica Sinica, Vol. 5, 2010, p. 693.
[2] W. Du, “The Determinant and the Future Trend of International Oil Price,” Economic Theory and Business Management, Vol. 9, 2006, p. 70.
[3] Q. Y. Guan, “The Period Model and Policies of the Fluctuation of International Oil Price,” International Petroleum Economics, Vol. 1, 2008, p. 26.
[4] R. O. Keohane, “After Hegemony: Cooperation and Discord in the World Political Economy,” Princeton University Press, Princeton, 1984.
[5] Y. B. Zhang, “Analysis of Influencing Factors of International Oil Price,” Chinese Petroleum Enterprise, Vol. 3 2008, p. 96.
[6] W. L. Cheng, “Quantitative Analysis of Influencing Factors of International Oil Price,” International Petroleum Economics, Vol. 8, 2005, p. 40.
[7] Z. W. Zhao, “The Long-Term Impacts of Economic Diversification in OPEC on International Oil Price,” Economic Review, Vol. 2, 2009, p. 79.
[8] B. X. Ji and T. Song, “Discussion of the Reasons and Response Options of the Sharply Rising of International Oil Price,” Journal of Chongqing Normal University Edition of Social Sciences, Vol. 3, 2009, p. 109.
[9] S. Q. Wang, Y. Chen and Y. J. Jin, “Analysis of the Impacts of Emergencies on International Oil Price,” Mathematics in Practice and Theory, Vol. 9, 2009, p. 88.
[10] B. W. Cashell and M. Labonte, “The Macroeconomic Effects of Hurricane Katrina, Report for Congress,” 2005. http://fpc.state.gov/documents/organization/53572.pdf
[11] G. Makinen, “The Economic Effects of 9/11: A Retrospective Assessment,” 2002. http://www.fas.org/irp/crs/RL31617.pdf
[12] BP, “BP Statis-tical Review of World Energy,” 2011. http://www.bp.com/statisticalreview

  
comments powered by Disqus

Copyright © 2018 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.