ŽÍDEK, Libor and Martina VAŠENDOVÁ. Současná situace na ropném trhu (Contemporary Situation on the Oil Market). Politická ekonomie. Praha: Vysoká škola ekonomická, 2006, LIV, No 4, p. 529-542, 13 pp. ISSN 0032-3233.
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Basic information
Original name Současná situace na ropném trhu
Name in Czech Současná situace na ropném trhu
Name (in English) Contemporary Situation on the Oil Market
Authors ŽÍDEK, Libor (203 Czech Republic, guarantor) and Martina VAŠENDOVÁ (203 Czech Republic).
Edition Politická ekonomie, Praha, Vysoká škola ekonomická, 2006, 0032-3233.
Other information
Original language Czech
Type of outcome Article in a journal
Field of Study 50200 5.2 Economics and Business
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Impact factor Impact factor: 0.363
RIV identification code RIV/00216224:14560/06:00031588
Organization unit Faculty of Economics and Administration
UT WoS 000240155200005
Keywords in English Oil; oil market; price of oil; oil consumption; OPEC; USA; China
Tags China, oil, oil consumption, oil market, OPEC, price of oil, usa
Tags Reviewed
Changed by Changed by: doc. Ing. Libor Žídek, Ph.D., učo 360. Changed: 18/6/2009 13:14.
Abstract
Cílem textu je analýza současné situace na trhu s ropou. Autoři se nejdříve soustředili na krátký rozbor předchozího vývoje a reakce tržních subjektů. Hlavní náplň článku tvoří analýza příčin současného růstu ropy z pohledu nabídkových a poptávkových faktorů.
Abstract (in English)
The paper deals with questions connected with the present situation on the world oil market. First, we shortly focus on the context and the historical development of the prices of oil and the reactions of the market subjects. We discus general factors on the oil market. And then we apply these factors to the current situation on the market. We try to find the main contemporary causes of the growth of the oil prices. We come to the conclusion that the main causes are connected with the growing demand on the market in contrary to (for example) the shocks in the 1970s that were caused by limited supply. Consequently, we concentrate on the impacts of the growth of the oil prices on the world economy. We found out that the impact is still very limited because the whole world economy is growing strongly and even the impact on the price level is very narrow. At the end of the paper we mention prognosis about the future of the oil market.
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