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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....
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occurred when in late November 2014 OPEC announced that it would maintain current production levels despite the steady increase … in non-OPEC oil production. Both conjectures are perfectly reasonable ex ante, yet we provide quantitative evidence that …
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during 1975-2011. The goal is to disentangle fluctuations in OPEC and non-OPEC production and to derive consistent estimates … medium-run responses to a speculative demand shock differ between OPEC and non-OPEC producers, i.e., on average over the … sample period, OPEC members seem to curtail production, whereas non-OPEC supply expands significantly. Flow and speculative …
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in late November 2014 OPEC announced that it would maintain current production levels despite the steady increase in non-OPEC …
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