Authors: Quhafah Mahasneh
Addresses: Assistant Professor, Department of Economics and Finance, University of Sharjah, Sharjah, UAE.
Abstract: In the present century, the potential for growth in the world demand for energy is enormous due to growing industrialisation, economic advancement and population growth far and wide. However, there is hardly any consensus on strategies to encourage smooth supplies and sustainable prices in the energy markets. This paper examines the current market conditions of the energy market and the mechanism used by OPEC for pricing. Lessons from past years are used to design policies aimed at creating a win-win situation for energy producers and consumers.
Keywords: market dynamics; price stability; global energy market; sustainable prices; pricing mechanisms; OPEC; pricing policies; energy supply; energy demand.
Journal for International Business and Entrepreneurship Development, 2003 Vol.1 No.1, pp.39 - 47
Available online: 23 Sep 2005 *Full-text access for editors Access for subscribers Purchase this article Comment on this article