A situation in which there is a sudden fall in the availability and/or a large increase in the price of oil.
The dynamics and implications of the price of bulk oil, typically quoted in US dollars per barrel.
An organization of oil-producing countries established to coordinate policies and manage the negotiate of oil prices through a cartel arrangement.
The maximum level of international oil sales allocated to each member of the Organization of Petroleum Exporting Countries (OPEC) at its periodic meetings.
