THE OXFORD ENERGY SEMINAR: SECOND WEEK

The second week of the Oxford Energy Seminar opened with an analysis of the oil market. Francisco Parra, Managing Director of Energy Economics Research, talked about the Netback Concept. He reminded the Seminar that the concept was not new, but it had recurred now as the chosen instrument of Saudi Arabia to recover market share. a is had been effective but, as others used the same mechanism, it became necessary to adapt it and add new competitive...