WTI crude oil FOB spot price was recorded to be negative $36.98 per barrel on April 20, 2020. Apparently, it seems to be a good news for oil importers and a bad one for oil exporters. However, the results of event study analysis of indices data ranging from July 1, 2019 to August 17, 2020...

This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil exports to the United States to decline since late 2008....

Undoubtedly, oil prices play a crucial role in the macroeconomic performances of oil-exporting developing countries. In this regard, the exchange rate is one of the key macroeconomic indicators worthy of investigation. Existing literature shows that world oil prices play an important role in the...