United Arab Emirates
Research Article
Unconventional and Conventional Oil Production Impacts on Oil Price - Lessons Learnt with Glance to the Future
Author(s): Sawsan Ahmed Ali, Abhijit Suboyin and Hadi Bel HajSawsan Ahmed Ali, Abhijit Suboyin and Hadi Bel Haj
Energy is not a traditional commodity where low prices is always good news! It might be good for some, but definitely, not the case for many. Energy resources including, fossil fuels and renewables, have a significant impact on our day to day activities and they have been prime contributors to our lives retention, advancements and upheaval of the world economy at large. As a result, oil has not only played the role of the master commodity on a financial and economical level, but has also extended its supreme impact to the social, sociopolitical and geopolitical aspects of the modern world. However, it is peculiar to note that even with this significance, the oil industry has been experiencing various economic shocks over the past decades. Such shocks have directly been reflected in oil price fluctuations within a dynamic and short timeframe. With the OPEC and non-OPEC production fluct.. Read More»
DOI:
10.4172/2375-4389.1000286
Journal of Global Economics received 1931 citations as per Google Scholar report