The structure of the world oil market and the effects of flactuations in oil prices on the Turkish economy
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Abstract (EN)
Since oil is a non-renewable resource, it is very important for both the world economy and the Turkish economy. Changes in oil prices affect countries in different ways depending on their location. While oil-exporting countries are expected to profit from the increase in oil prices, it is predicted that oil-importing countries will receive more positive results from the decrease in oil prices. However, this is not always the case. Turkey is also among the oil importing countries. In this study, the structure of the world oil market is discussed in terms of both supply and demand, the effects of oil prices are examined, the effects of oil crises are included and Turkey's macroeconomicperformance in the period of oil crises is tried to be revealed.
Author
Alper Durak
Institution
How to Cite
Alper Durak (Master Thesis). The structure of the world oil market and the effects of flactuations in oil prices on the Turkish economy, 2022, Bursa Uludağ Üni̇versi̇ty.
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