Zakoïan, Jean-Michel; Regnard, Nazim - Université Paris-Dauphine (Paris IX) - 2011
This paper examines the relationship between gas spot prices at the Zeebrugge market, one-month ahead Brent prices and temperatures over the period 2000–2005. A cointegration analysis is carried out and it is discovered that a cointegration relationship exists between the three series. To take...