Global stochastic approach of energy markets dynamic Modeling future OPEC-Plus stackelberg market structure 2020-2030

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Sadallah DAOUD

Abstract

This paper attempts to analyze and determine future transformation of OPEC-Plus Stackelberg market structure, whether from fractional equilibrium where the OPEC behaves as an arbitrageur player, or where OPEC-Plus act as compatible in a Stackelberg crude oil market conditions. We provided a factual evidence of global energy market structure until 2030 that should ignore suppliers’ intentions and the potential of OPEC-Plus members cheating in production quotas. We used global dynamic stochastic optimization model (GDSOM) to test the sensitivity of future OPEC-Plus Stackelberg market behavior due to demand elasticity rating of full market competition conditions, oligopoly and dynamic stochastic market conditions. Empirical results show that future OPEC-Plus Stackelberg market does not presents synergy in dynamic stochastic crude market conditions, which does not comply with the main research rational hypotheses.

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How to Cite
DAOUD, S. (2021). Global stochastic approach of energy markets dynamic: Modeling future OPEC-Plus stackelberg market structure 2020-2030. El-Bahith Review, 20(1), 17–26. Retrieved from http://www.elbahithreview.edu.dz/index.php/bahith/article/view/3
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