Assessing the extent and persistence of major crisis events in the crude oil market and economy: evidence from the past 30 years Article Open access 12 July 2024 Relation exploration between clean and fossil energy markets when experiencing climate change uncertainties: substitutes or complements?
The oil ministers said in a statement that they had "concurred that stable oil prices – at a level which did not affect global economic growth but which, at the same time, allowed producers to receive a decent income and to invest to meet future demand – were vital for world economic w...
Oil was about 1% higher. CYBERATTACK ON US PIPELINE COULD AFFECT GAS PRICES, EXPERT WARNS, AS FBI, DHS, DOE INVESTIGATE Colonial Pipeline Co. operates the 5,500 mile system taking fuel from the refineries of the Gulf Coast to the New York metro area. The pipeline transports more than 100...
This increased demand—along with the growing energy needs of countries like India and Brazil—has been a contributing factor in the rise of oil prices over the past few years. These countries act as the demand for the world's oil supplies. However, the way oil is priced does not reflect ...
The four-week rolling average of US crude oil export volumes has not fallen below 2 million bpd during the past three years, despite the COVID-19 pandemic, which caused significant crude oil price drops, reduced demand and reduced production in US and global oi...
Benchmark oil prices Other crucial benchmarks for crude oil prices are the already mentioned U.S.- WTI and Dubai Crude (Fateh). They are indispensable for referencing the many types and grades of oil on the global market. In the past twenty years, the annual price for one barrel of Bren...
Crude Oil Prices Surge Past Mid-August Highs
The price of crude oil has changed significantly over the past decade. Most striking among them is the sharp drop in oil price in 2008 and the resumption of the rally after the financial crisis. Since the middle of 2014, oil prices have shown significant changes due to the oversupply of ...
Crude oil is classified as light and sweet where "light" refers to its low density and "sweet" indicates its low sulfur content. The delivery point for crude oil futures is Cushing Hub in Oklahoma. Each futures contract represents 1,000 barrels of crude oil. Crude Oil prices displayed in ...
3. Empirical Study Outcomes This work uses the time series of daily spot Brent oil prices for the ten years from 1 January 2013 to 27 December 2022 (a total of 2239 days). The data used in this study were freely obtainable from the Energy Information Administration website of the ...