The World’s Oil Market and OPEC

Figure 1.┬áThe curve of oil price history from 1860 to 2017 OPEC History Since 1860, crude oil has been one of the most critical commodities in the world. Long before World War I, the oil market was controlled only by Standart Oil (Exxon), Shell, Nobel, and Rothschild. The last two…

The Unpredictability of Oil Prices

By: Luky Yusgiantoro, PhD. (Senior Advisor for Purnomo Yusgiantoro Center) Economic analysis is the cornerstone of most important decisions made by major energy stakeholders. The major component in conducting economic analysis is the price, which indicates the value of transaction conducted by consumer and supplier in a market at a…

Policy Review on the Sanctity of Contract

Once parties sign a contract, they are bound by the obligations stated within the contract. In business, it is called the sanctity of contract. It is the contract that assures each party that the cooperation will continue as agreed, regardless if the circumstances change. Yet, what is the limit? Is…

Sustainable Energy in Developing Countries

By: Hilman Fathoni (Research Assistant at Purnomo Yusgiantoro Center) A recent study by Ren21 shows that there was a higher investment trend in the renewable energy sector by developing countries compared to their developed ones (see Figure 1). It showed a total of about USD 286 billion which represented the…

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