A remarkable feature of the crude oil market is a dramatic rise in oil price volatility over time which has been … accompanied by a substantial fall in oil production volatility. We investigate the sources of this opposite evolution of both oil … market variables. Our main finding is that the observed volatility puzzle can be rationalized by the fact that the price …

The potential presence of jumps and time-varying volatility in convenience yields can lead to abnormally fat tails … futures prices time horizons (1, 3-, 6-, 9- and 12-month ahead), allowing for the both jumps and time-varying volatility. We …

market in a general-equilibrium model of the world economy. We analyze the impact of the advent of fracking on the volatility …We use a new micro data set that covers all oil fields in the world to estimate a stochastic industry-equilibrium model … of oil prices. Our model predicts a large decline in this volatility …

) was measured at a too high level within the Covid-19 outbreak. Volatility spillover analysis shows that crude oil and …

Previous sharp oil price declines have been accompanied by elevated ex post volatility. In contrast, volatility was … price declines. This finding is robust to nonparametric and GARCH measures of volatility. Further, the U.S. dollar … appreciation exerted a strong influence on volatility during the recent crash; in contrast, the impact of shocks on equity markets …