production volatility, significantly increases the responsiveness of oil prices to oil shocks. This implies a lower price … volatility. Also the impact of oil shocks on economic activity appears to be significantly stronger in uncertain times …This paper evaluates whether macroeconomic uncertainty changes the impact of oil shocks on the oil price. Using a …

We compare the economic consequences of several types of oil shocks across a set of industrialized countries that are … structurally very diverse with respect to the role of oil and other forms of energy in their economy. We find considerably … different effects across countries, which crucially depend on the underlying source of the oil price shift. For oil demand …

and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …

suggests that oil price volatility affects stock returns positively during periods characterised by demand-side shocks in all …This paper investigates the time-varying impact of oil price uncertainty on stock prices in China using weekly data on … cases except the Consumer Services, Financials, and Oil and Gas sectors. The latter two sectors are found to exhibit a …

Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear … markets do not have similar sensitivities to oil price changes. We document the presence of stock market returns' asymmetric … reactions in some GCC countries, but not for others. In Kuwait's case, negative oil price changes exert larger impacts on stock …

Starting in late 2008, the U.S. production of tight oil surged, causing a renaissance in the U.S. oil sector that few … industry analysts had anticipated. This tight oil boom reduced the dependence of the United States on petroleum imports and … allowed it to become a major exporter of gasoline and diesel fuel. Since mid-2014 the global real price of crude oil has …

This article examines how the shale oil revolution has shaped the evolution of U.S. crude oil and gasoline prices. It … puts the evolution of shale oil production into historical perspective, highlights uncertainties about future shale oil … on U.S. crude oil exports, of capacity constraints in refining and transporting crude oil, of differences in the quality …

We explore the effect on U.S. real GDP growth of the sharp and sustained decline in the global price of crude oil and … of about 0.9 percentage points of real GDP growth by raising private real consumption and non-oil related business … effect, however, has been largely offset by a large reduction in real investment by the oil sector. Hence, the net stimulus …