In the past, petroleum companies only paid attention to hedging the variation in the crude oil price and volatility. However, they have now expanded their analysis to encompass renewable sources, such as corn and soybeans, under the current low-carbon biofuel obligations. This paper employs...

Abstract This study investigates the joint phenomena of permanent and transitory components in conditional variance and jump intensity along with verification of structural breaks for crude oil prices. We adopt a Component-ARJI model with structural break analysis, utilizing daily data on West...