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OPEC and its role in regulating price of petroleum

Ebghaei, Felor - 2007

The present paper offers a short history of the Organization of Petroleum Exporting Countries (OPEC) together with a brief account of its goals, operational structure, membership requirements and its role in regulating oil prices. Studying oil price developments and OPEC's role since its...

Persistent link: https://www.econbiz.de/10011685425

The Determinants of Crude Oil Prices: Evidence from ARDL and Nonlinear ARDL Approaches

Ben Salem, Leila; Nouira, Ridha; Jeguirim, Khaled; … - 2022

lag (ARDL) approach is applied to daily series spanning the period from January 2, 2003, to May 24, 2021, to analyze long …-run relationships and short-run dynamics. The paper also focuses on the asymmetric effects of covariates and a nonlinear ARDL (NARDL …) approach is used to explore this asymmetry. The use of an asymmetric error correction model with asymmetric cointegration …

Persistent link: https://www.econbiz.de/10013470429

The Great Plunge in Oil Prices : Causes, Consequences, and Policy Responses

Baffes, John - 2015

Following four years of relative stability at around $105 per barrel, oil prices have declined sharply since June 2014. This paper presents a comprehensive analysis of the sources of the recent decline in prices, and examines its macroeconomic, financial and policy implications. The recent drop...

Persistent link: https://www.econbiz.de/10013020214

Interpreting the Oil Risk Premium : Do Oil Price Shocks Matter?

Valenti, Daniele - 2018

This paper provides an analysis of the link between the global market for crude oil and oil futures risk premium at the aggregate level. It offers empirical evidence on whether the compensation for risk required by the speculators depends on the type of the structural shock of interest....

Persistent link: https://www.econbiz.de/10012924431

When Energy Finance of New Era Paddling in the Choppy Ocean Named World : Applying Price Discovery Model to Crude Oil Market

Zhai, Yonghao Archaelake - 2021

In 2020, the futures & spot markets of crude oil have changed dramatically. This paper analyzes the price discovery process of the WTI and Brent crude oil futures & spot markets using the information share model of Hasbrouck (1995), and finds that each reverse of the dominant asset can indicate...

Persistent link: https://www.econbiz.de/10013313949

Oil price, energy consumption and carbon dioxide (CO2) emissions : insight into sustainability challenges in Venezuela

Agbanike, Tobechi F.; Nwani, Chinazaekpere; Uwazie, … - In: Latin American economic review : LAER ; official … 28 (2019), pp. 1-26

expenditure and trade openness are included as additional determinants in the analysis. The auto-regressive distributed lag (ARDL …) bounds approach to cointegration provides evidence of long-run relationship between the variables with the incorporation of …

Persistent link: https://www.econbiz.de/10012256040

Interpreting the oil risk premium : do oil price shocks matter?

Valenti, Daniele; Manera, Matteo; Sbuelz, Alessandro - 2018

This paper provides an analysis of the link between the global market for crude oil and oil futures risk premium at the aggregate level. It off ers empirical evidence on whether the compensation for risk required by the speculators depends on the type of the structural shock of interest....

Persistent link: https://www.econbiz.de/10011794500

Modelling the global price of oil : is there any role for the oil futures-spot spread?

Valenti, Daniele - 2018

In this work, we propose an analysis of the global market for crude oil based on a revised version of the Structural Vector Autoregressive (SVAR) model introduced by Kilian and Murphy (2014). On this respect, we replace the global proxy for above-ground crude oil inventories with the oil...

Persistent link: https://www.econbiz.de/10011794647

Modelling the Global Price of Oil : Is There Any Role for the Oil Futures-Spot Spread?

Valenti, Daniele - 2018

Persistent link: https://www.econbiz.de/10014115111

Exploring the non-linearity of West Texas Intermediate crude oil price from exchange rate of US dollar and West Texas Intermediate crude oil production

Yang, Yu-Tai; Yang, Tzu-Yi; Chen, Ssu-Han; Tong, Cher-Vinn - In: Energy strategy reviews 41 (2022), pp. 1-10

This research estimated the smooth transition autoregressive model with exogenous variables to evaluate the non-linearity of West Texas Intermediate (WTI) crude oil price from the exchange rate of US dollar and WTI crude oil production. The sample period used in this research was the weekly data...

Persistent link: https://www.econbiz.de/10014497448