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Theoretical–Methodological Principles of the Problem

In: World Market Price of Oil

Author

Listed:
  • Adalat Muradov

    (Azerbaijan State University of Economics)

  • Yadulla Hasanli

    (Azerbaijan State University of Economics)

  • Nazim Hajiyev

    (Azerbaijan State University of Economics
    Harvard University)

Abstract

The roles that hydrocarbon resources, including oil products as energy carriers, play in the economy and in the life of people are undeniable. Thus, a demand arises for oil and oil products as energy carriers. Oil has been extracted for many years, and it is already produced in more than 100 countries that contribute to the supply of oil and oil products. The changes in supply and demand for oil continuously maintain the volatility of the oil price, increasing the interest of producers and consumers in oil prices.

Suggested Citation

  • Adalat Muradov & Yadulla Hasanli & Nazim Hajiyev, 2019. "Theoretical–Methodological Principles of the Problem," SpringerBriefs in Economics, in: World Market Price of Oil, chapter 0, pages 1-20, Springer.
    • Handle: RePEc:spr:spbchp:978-3-030-11494-7_1
    DOI: 10.1007/978-3-030-11494-7_1
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