World Oil Markets and Europe
摘要
Abstract
Great geopolitical and macroeconomic uncertainty remains in the global economy regarding how the oil market will behave in Europe. Prices in this market are determined to a large extent by both the global cost of the energy source in question and the characteristics of its deliveries to the region from global production centres. In general, its price depends on the ratio of supply and demand. These two elements also determine the dynamics of the level of consumption of this energy resource.