OPEC Spare Capacity and Oil Prices
12 Pages Posted: 29 Oct 2015
Date Written: October 25, 2015
Oil prices are usually influenced by a number of factors. But are there times when OPEC spare capacity has been the most important factor for driving oil prices? This article will argue the answer is yes, and we will discuss the circumstances when this has been the case in the past.
Keywords: crude oil prices, OPEC spare capacity
JEL Classification: Q4, Q41
Suggested Citation: Suggested Citation