A quick look at the oil market reveals that the combined increase in demand for lighter petroleum products and the lack of investment in the downstream oil sector have exerted a considerable impact on the price volatility of oil, undermining energy security. It is in this context that this study was initiated to exame factors behind the recent high oil prices and its relation to the APEC downstream oil market.

• Foreword
• Acknowledgements
• List of Tables and Figures
• Executive Summary
• Introduction and Research Methodology
• Factors behind the Recent High oil Prices and its Relation to the Downstream Oil Market
• APEC Downstream Oil Market
• Analysis and Findings
• Recommendations
• General References
• Appendic: APEC Economy Case Studies