This study attempts to resolve two important issues. First, it investigates the diversification benefit of crude oil for equities. Second, it examines whether or not crude oil derivatives transactions by oil and gas producers can change shareholders' wealth. With these two major goals in mind, I...

The M.I.T. World Oil Project has been developing improved methods and data for analysis of the future course of the world oil market. Any forecast of this market depends on analysis of the likely demand for oil imports by major consuming countries, and the likely supply from exporters who behave...

Pricing mechanisms, not fuel-economy standards, offer the best hope for reducing motor fuel consumption

British Petroleum's Macondo well blew out April 20 as the Deepwater Horizon platform sunk. By the time the well was capped on July 15, an estimated 4.9 million barrels of oil had flowed into the Gulf of Mexico. The U.S. government and BP are still assembling a definitive estimate of the flow;...

Historically, gasoline has commanded a premium over diesel, but that changed in mid-to-late 2007, when diesel rose above gasoline. In 2007 and 2008, however, gasoline traded higher than diesel only 21.1 percent of the time. This deviation from historic norms raises an interesting question--what...

This report presents data on international oil production, consumption, imports, exports, and stocks. The report has three sections. Section 1 contains time series on world oil production, and on oil consumption and stocks in the Organization for Economic Cooperation and Development (OECD). This...

The Energy Information Administration (EIA) prepares quarterly, short-term energy supply, demand, and price projections for publication in February, May, August, and November in the Short-Term Energy Outlook (Outlook). An annual supplement analyzes the performance of previous forecasts, compares...

The State Energy Data Report (SEDR) provides annual time series estimates of State-level energy consumption by major economic sector. The estimates are developed in the State Energy Data System (SEDS), which is maintained and operated by the Energy Information Administration (EIA). The goal in...

This report presents data on international oil production, consumption, imports, exports, and stocks. The report has three sections. Section 1 contains time series on world oil production, and oil consumption and stocks in the Organization for Economic Cooperation and Development (OECD). This...

The International Petroleum Statistics Report is a monthly publication that provides current international oil data. This report is published for the use of members of Congress, federal agencies, state agencies, industry, and the general public. Publication of this report is in keeping with...