Současná situace na ropném trhu

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.

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

Language

Czech

Type of outcome

Článek v odborném periodiku

Field of Study

50200 5.2 Economics and Business

Country of publisher

Czech Republic

Confidentiality degree

není předmětem státního či obchodního tajemství

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

---

Abstract

V originále

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.

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.