Exploration of OPEC and oil world market  

作　　者：ZHOU Yi-hong 

机构地区：[1]Economic ＆ Management Department, Yibin University, Yibin 64400Z China

出　　处：《Chinese Business Review》2008年第1期27-31,共5页中国经济评论（英文版）

摘　　要：In this article, the author will analyze the phenomena of soaring oil price today, how it happened, and find the reasons for the creation of OPEC, how it conducted its affairs in the market, and the economic factors that influenced Dr. Yamani in managing the organization effectively for a fairly long period of time to attain by the goals set out by him. I will apply the economic theories of market models, substitutability of products, the concept of price leadership etc. to explain the situation in the oil market and OPEC＇s function, which also illustrates current market behavior in the business world.

关 键 词：OPEC oil price OLIGOPOLY CARTELS substitutability of products 

分 类 号：F407.22[经济管理—产业经济]