This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand … conclusion that the one-month oil supply elasticity is close to zero, which implies that oil demand shocks are the dominant …

mainly the imposition of a highly unrealistic prior for the global impact price elasticity of oil supply. Once identification … uncertainty about the global price elasticity of oil supply is accounted for by specifying a prior more in line with extraneous …

prices are determined by shocks to the supply and demand for oil tankers, to the utilization of tankers, and to the cost of …. Tanker supply and tanker demand shocks have persistent effects on time charter rates, round-trip voyage rates, the volume of … alternative methods of estimating oil supply and oil demand elasticities and of incorporating this information into structural VAR …