تحولات السوق النفطية و تأثيرها على أنظمة تسعير النفط الخام في الأسواق الدولية

Abstract EN

This paper aimed to search for the factors affecting crude oil pricing decision within oil market by giving a historical overview of market developments.

If also analyzed data related to various oil products circulation.

The focal point here will be on crude oil pricing and role of oil companies in light of Posted Pricing System; Official Pricing System and Market Pricing System.

This study concluded that oil market during the stated price phase was characterized by the absolute monopoly of giant companies of crude oil.

However, the control of these companies is declined in favor of the OPEC countries during the Official Price stage, during OPEC growing role in international arena, but policies pursued by International Energy Agency and major consuming countries for oil, this systems resulted in abandoning it, which led to adoption of the market price system with leaving oil prices determination to the forces of supply and demand.