The fractal behaviour for petroleum pricing is investigated in several international systems. Based on the time series of Brent & WTI crude oil and Rotterdam & Singapore Leaded gasoline prices (daily spot), this paper analyses the fractal features in the systems under study by using Rescaled...

China is currently establishing a strategic petroleum reserve (SPR) to ensure its energy security. The stated government goal is to build up an SPR equivalent to the amount of 90 days of net oil imports by 2020. To build up an SPR needs a large amount of funds. How to determine the optimal...

This paper focuses on the government R&D expenditures and analyses the dynamic reaction patterns of energy R&D in several countries to oil shocks and shows that the oil shocks served as a strong incentive to promote energy R&D. But on the other hand, it suggests the myopic behaviour of...

Value at risk, an effective measurement of financial risk, can be used to forecast the risk associated with oil price movements. In this paper, we propose an improved Historical Simulation Approach, EDFAAF, which is based on a former approach, HSAF. By comparing it with the HSAF approach, we...

This paper studied the cointegration and causality relations between China's energy consumption and economic growth. It concludes that there is bi-directional causality, but no cointegration, between them; therefore, China may have underestimated the pressure from increasing energy demand and...

Coal is the principal primary energy source in China. Research on coal demand is vital for informing China's economic development. In this paper, the theoretical structural break of coal demand was tested using annual time series data from 1980 to 2006. Results indicate that coal demand...

Rural household energy consumption in China influences people's living conditions, environmental issues and economic development. So it is worthwhile to study the rural household energy consumption and its developmental propensity in rural China. In this paper, we analyse the characteristics of...

Though China has made great achievement in energy conservation in the last two decades, its energy consumption is increasing rapidly. In March 2006, China's government set a target for reducing its energy intensity by 20% by 2010 compared to the 2005 value. In this paper, we analyse China's...

Crude oil price has an important effect on national economic production and safety-stock. In this paper, we analysed the trends of Chinese and international crude oil prices and their fluctuations by testing the Granger causality and the dynamic effects to its counterpart. Results show that from...

Many studies, as well as historical events, indicate that oil price shocks affect the macro economy of a country. In this paper we build a Chinese Computable General Equilibrium (CGE) model, with which we simulate the impact on the Chinese economy of international crude oil price when it rises...