-2012, with a global repository of giant oil, gas, and mineral discoveries. We find strong and robust evidence of a 'fiscal … presource curse', id est, natural resources can jeopardize fiscal sustainability even before 'the first drop of oil is pumped …'. Specifically, we find that giant discoveries, mostly of oil and gas, lead to permanently higher government debt and, eventually …

This paper, the first of two on global oil theft and fraud, discusses the prevalence, methods, and consequences of … global oil theft, valued at US$133 billion per year and equivalent to 5-7 per cent of the global market for crude oil and … petroleum fuels. However, the impact of oil theft is significantly larger than the value of theft itself. Government tax yields …

We show that the incorporation of offshore entities increases when oil and gas exploration licences are awarded. We … oil licences to construct a new data set covering 119 countries over the period 1990-2014. We consider the incorporation … association is stronger when the price of oil increases. Our work informs the fight against corruption, proposing greater …

The present paper presents three different short-term oil models on a weekly basis. With these models we try to … forecast oil prices out-of-sample up to three months. Two of the models are based on the VAR methodology and consider … fundamental factors like the net long position and oil inventories. The third variant is a pure futures model. It is shown that …

In this paper we investigate the time-varying relationship between oil and natural gas in the UK. We develop a model … endogenously accounts for periods where oil and natural gas temporarily decouple due to gas specific pricing. We show that gas … the time of the year. Most of the reversion back to oil occurs in spring and summer when demand for gas to heating and …

We investigate the relationship between oil prices and stock markets of selected oil importers and oil exporters at the … correlations between oil and stock markets returns during turbulent phases in the oil market, for all countries in our sample. Our …