اتجاهات أسعار البترول العالمية و العوامل المؤثرة فيها "خلال الفترة 2004 م-2015 م"

Abstract EN

The study aimed at examining the main developments in oil prices; besides determining the factors that caused oil prices to destabilize; as well as proposing solutions that aimed at stabilizing oil prices during the study period.

The study depended on the descriptive analytical approach which analyzes statistics related to the international production and consumption of oil.

The study main results indicated that crude oil prices face severe shocks during the period 2004 -2015, started when the price of oil drops from )$99( in 2088 to (61$) in 2009, and then rise to (109$) in 2012 before declining again gradually to (49$) in 2015.

The study shows that the political and economic factors had the most effective role in determining crude oil prices, besides other factors that related to oil markets, speculators and the fluctuations in USA$ exchange rates.

The study main recommendations call for oil prices to be determined through the market forces (supply and demand law); while keeping the oil prices below (90$) in the medium-term.