Investment in the petroleum industry is heavily exposed to various risks due to their capital-intensive nature, high initial investment, and long-lived and highly specific asset. Risk assessment methods should consider the analysis and effect of key risks on profitability indicators of such...

We analyze a petroleum refinery's procurement strategy, explaining how risk management affects optimal sourcing from long-term, spot, and swap contracts. We use time series analysis to model the interaction between petroleum prices, transportation costs, and gross product worth. These models are...

This paper explores the ability of European refineries to pass-through costs associated with the introduction of the EU Emissions Trading Scheme (EU ETS). We estimated a sequence of vector error correction models (VECM) within a multi-national setting which covers 14 EU member states. Using...

Mineralöl ist für eine effiziente und zuverlässige Energieversorgung unserer Volkswirtschaft von entscheidender Bedeutung. In der Studie werden sechs Kernaussagen zur Mineralölindustrie abgeleitet. Das Resultat zeigt, dass ein Verzicht auf Mineralöl mit erheblichen Wohlfahrtsverlusten in...