VOL. XXXVI

NO. 52

27-SEPTEMBER-1993

PUBLICATIONS RECEIVED

Oil Markets and Prices. The Brent Market and the Formation of WorldOil Prices, by Paul Horsnell and Robert Mabro. Published by the OxfordUniversity Press for the Oxford Institute for Energy Studies, 1993. 334 pages.

This book addresses the question of how oil prices are determined in today'smarkets. It provides an analysis of the nature, development and mode ofoperation of the Brent market (spot, physical forward and futures deals, options...