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Madureira, N. L. (2017). Squabbling sisters: multinational companies and Middle East oil prices. Business History Review. 91 (4), 681-706
N. L. Fernandes, " Squabbling sisters: multinational companies and Middle East oil prices", in Business History Review, vol. 91, no. 4, pp. 681-706, 2017
@article{fernandes2017_1728300799412, author = "Madureira, N. L.", title = " Squabbling sisters: multinational companies and Middle East oil prices", journal = "Business History Review", year = "2017", volume = "91", number = "4", doi = "10.1017/S0007680517001398", pages = "681-706", url = "https://www.cambridge.org/core/journals/business-history-review/article/squabbling-sisters-multinational-companies-and-middle-east-oil-prices/4354848B3A339EF041BD95627D9DC571" }
TY - JOUR TI - Squabbling sisters: multinational companies and Middle East oil prices T2 - Business History Review VL - 91 IS - 4 AU - Madureira, N. L. PY - 2017 SP - 681-706 SN - 0007-6805 DO - 10.1017/S0007680517001398 UR - https://www.cambridge.org/core/journals/business-history-review/article/squabbling-sisters-multinational-companies-and-middle-east-oil-prices/4354848B3A339EF041BD95627D9DC571 AB - This article examines the historical emergence of the Middle East oil-pricing system. The collapse of the Gulf-plus system, combined with outstanding discoveries of new reservoirs across the Arabian Peninsula and Persia, awoke latent competitive forces within the oligopolistic oil economy. After World War II, business differences regarding global vertical integration, market priorities, and Western-Eastern hemisphere competition heightened fractures among the seven multinational oil companies generally referred to as “the seven sisters.” The conclusions underscore the role of deviations from dominant collusive behavior among the “fringe” companies Texaco, Standard of California–Chevron, and Gulf Oil in prompting new price equilibriums for Persian Gulf crude oil. ER -