Volume 8, Issue 27 (3-2017)                   jemr 2017, 8(27): 231-256 | Back to browse issues page

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Behrouzifar M, Emami Meibodi A, Ghassemi A, Heshmatzadeh M B. OPEC Members' Behavior Analysis on Oil Reserves Announcements: Case Study of Iran. jemr 2017; 8 (27) :231-256
URL: http://jemr.khu.ac.ir/article-1-1451-en.html
OPEC Members' Behavior Analysis on Oil Reserves Announcements: Case Study of Iran
Morteza Behrouzifar * 1, Ali Emami Meibodi2 , Abdolrassoul Ghassemi2 , Mohammad Bagher Heshmatzadeh3
1- Institute for International Energy Economics Studies , behrouzifar@iies.ac.ir
2- Economocs Faculty Allameh Tabatabaei University
3- Economics Facuity - Shahid Beheshti University
Abstract:   (8423 Views)

Expectation has an important role in oil price fluctuation and it seems which one of the important factors is for changing supply behaviour however oil price changes. Identification of mentioned expectation could help us for partly and continuously control the oil market situation.one of the important factor that could have effects on future oil price expectation is volume of current reserve oil and specifically OPEC members reserves. For OPEC members not only high reserve oil is prestige but also give them chance for having more OPEC production share however after applying market sharing system based on production for OPEC members in early 1980s,volume of reserve oil considered as a main benchmark and after that started increase reserve oil competition among OPEC members. In this paper tried study transition s of Iran’s oil reserves and its effectiveness on the oil producer’s countries’ information and also its accuracy. According to some statement reserve oil extra announcement could create chaos in oil market. Based on this study there is no any relation between increasing of oil reserves and oil production changes in Iran as one of the OPEC member's country and it seems extra reserve oil announcement more than reality is a hidden competition among members for getting more credit.

Keywords: OPEC, Reserve Oil Volume, Oil Price, Production Policy.
Full-Text [PDF 2683 kb]   (3248 Downloads)    
Type of Study: Applicable | Subject: انرژی، منابع و محیط زیست
Received: 2016/07/11 | Accepted: 2017/04/12 | Published: 2017/05/17
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