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The Organisation for Economic Co-operation and Development (OECD) is an international economic organisation that stimulates world trade. It provides a platform to compare policy experiences seeking answers to common problems, identify good practises and coordinates domestic and international policies of its members. By so doing, it influences the global market policies of oil and hence affects demand and supply being a dominant key player.
 
The Organisation for Economic Co-operation and Development (OECD) is an international economic organisation that stimulates world trade. It provides a platform to compare policy experiences seeking answers to common problems, identify good practises and coordinates domestic and international policies of its members. By so doing, it influences the global market policies of oil and hence affects demand and supply being a dominant key player.
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Figure 1 Oil market report, International Energy Agency, 2007
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File:Supply-Demand-Fig-2.png|Figure 1 Oil market report, International Energy Agency, 2007
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File:Supply-Demand-Fig-2.pngFigure 2 Oil market report, International Energy Agency, 2007
Figure 2 Oil market report, International Energy Agency, 2007
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Expectations and fears by the oil producers in order to optimise profits also greatly influence the supply of oil. These producers may hoard the oil, leading to scarcity in supply, and eventually bring about black markets. In addition, due to the unexpected and substantial shift in the supply of oil, the prices are highly unstable and volatile; hence, the producers cannot determine the market price.
 
Expectations and fears by the oil producers in order to optimise profits also greatly influence the supply of oil. These producers may hoard the oil, leading to scarcity in supply, and eventually bring about black markets. In addition, due to the unexpected and substantial shift in the supply of oil, the prices are highly unstable and volatile; hence, the producers cannot determine the market price.

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