There is mounting evidence that global oil demand will peak between 2020 and 2040, supported by rational economics (inter-fuel competition and efficiency gains) and environmental policies. The perspective of a peak in world oil demand poses a serious economic threat to petrostates whose GDP...

This study investigates why the exchange rates of oil-exporting countries do not follow the monetary model after the oil prices hikes in 2000. In empirical research, real GDP is considered as real output, while changes in oil rents are not included in GDP growth. However, in practice, oil rents...

Since the early age, oil price has been influenced by many events - World War One, and then came the World War Two. Not forgetting the Yom Kippur War that started with an attack on Israel by Syria and Egypt on 5th October, 1973 while the crisis in Iran and Iraq led to another round of crude oil...