The US dollar is frequently used as the invoicing currency of international crude oil trading. Hence, the fluctuation in US dollar exchange rate is believed to underlie the volatility of crude oil price and especially its forecasting accuracy. Using econometric techniques including...

The energy security situations of many oil-consuming countries have become worse because of greater uncertainty in the world market. This is especially true for developing countries such as China and India, which face greater risks because of their lack of strategic petroleum reserves (SPRs)....