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UK natural gas : gas-specific or oil driven pricing?

Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2013

In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model where relative prices can move between pricing-regimes; markets switch between being decoupled and integrated. Our model endogenously accounts for periods where oil and natural...

Persistent link: https://www.econbiz.de/10010212645

Energy taxes and natural gas demand in EU-countries

Asche, Frank; Osmundsen, Petter; Tveterås, Ragnar - 2001

Producers or consumers faced with an increase in taxes are usually able to shift parts of it to other levels in the value chain. We examine who is actually bearing the burden of increased energy taxes in the EU-area - consumers or exporters. Traditional tax incidence theory presumes spot...

Persistent link: https://www.econbiz.de/10011399311

Liberalizing Russian gas markets : an economic analysis

Aune, Finn Roar; Golombek, Rolf; Hallre, Hilde; Moe, Arild - 2015

The Russian gas market is highly regulated. In this paper we examine possible impacts of regulatory changes on the demand side of this market. In particular, we consider the effects on Russian energy consumers of removing natural gas subsidies, and how changes in Russian gas consumption may...

Persistent link: https://www.econbiz.de/10010533092

Diesel, conventional gas, jet fuel and natural gas equity and commodity project risk across the oil and gas industry

Carson, Scott Alan - 2022

Oil and gas company returns are compared between upstream, midstream, and down-stream sectors from 2000 through 2020. Crude oil, natural gas, and distillate returns reflect project risk, infrastructure, and conditions within the industry. Equity, commodity, and distillate markets positively...

Persistent link: https://www.econbiz.de/10013463538

Jump processes in natural gas markets

Mason, Charles F.; Wilmot, Neil - 2014

Natural gas is likely to become increasingly important in the future. Understanding the stochastic underpinnings of natural gas prices will be critical, both to policy analysts and to market participants. To this end, we investigate the potential presence of jumps in natural gas spot prices in...

Persistent link: https://www.econbiz.de/10010235818

Sources of real exchange rate volatility and international financial integration : a dynamic GMM panel approach

Caporale, Guglielmo Maria; Hadj Amor, Thouraya; Rault, … - 2011

The aim of this paper is to provide some new empirical evidence on the determinants of volatility of real exchange … grouped into three regions (Latin America, Asia and MENA). Our findings suggest that different types of shocks (external, real … and monetary) can account for volatility of real exchange rates in emerging economies, with international financial …

Persistent link: https://www.econbiz.de/10009378390

Modeling UK natural gas prices when gas prices periodically decouple from the oil price

Asche, Frank; Oglend, Atle; Osmundsen, Petter - 2015

When natural gas prices are subject to periodic decoupling from oil prices, for instance due to peak-load pricing, conventional linear models of price dynamics such as the Vector Error Correction Model (VECM) can lead to erroneous inferences about cointegration relationships, price adjustments...

Persistent link: https://www.econbiz.de/10010486860

Trade with endogenous transportation costs : the value of LNG exports

Oglend, Atle; Osmundsen, Petter; Selland Kleppe, Tore - 2015

This paper investigates the economic value of trade when prices of transportation services are endogenous to cross-market price spreads. This is relevant for liquefied natural gas (LNG) exports. LNG transportation capacity is limited in the short-run, and long lead-times are involved in...

Persistent link: https://www.econbiz.de/10010483579

Changing electricity markets : quantifying the price effects of greening the energy matrix

Kohlscheen, Emanuel; Moessner, Richhild - 2022 - Original Version: June 2022, this version: July 2022

We analyse the drivers of European Power Exchange (EPEX) retail electricity prices between 2012 and early 2022 using machine learning. The agnostic random forest approach that we use is able to reduce in-sample root mean square errors (RMSEs) by around 50% when compared to a standard linear...

Persistent link: https://www.econbiz.de/10013262773

Unconventional gas and the European Union : prospects and challenges for competitiveness

Vollebergh, Herman R. J.; Drissen, Eric - 2014

This article studies the likely impact of unconventional gas developments in the U.S. on EU competitiveness. We find, first of all, little evidence for a prosperous unconventional gas development in Europe. Second, the U.S. boom has already a strong impact on both world and European energy...

Persistent link: https://www.econbiz.de/10010422070

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