The US is a huge producer of crude oil and petroleum products, with huge refining capacity, huge consumption, a huge petrochemical industry, huge imports, and even bigger exports. The global oil trade is complex and vast, and it solves specific i...
The empirical results demonstrate that the crude oil dependence Granger causes military expenditure and accounts for 66.8% of the long-run forecast error variance decomposition. That means the MF-VAR model owns stronger explanatory and asymptotic powers than conventional VAR with single frequency data. ...
The purpose of this study is to determine the effect of financial sector development on Nigeria鈥檚 non-crude oil export trade. For this reason, we employ a battery of econometric models and tools, including the Autoregressive Distributed Lag model and the sequentially determined threshold model. ...
US bans Russian oil imports: New details President Joe Biden announced the U.S. is banning Russian oil imports, saying Americans will not be part of subsidizing Putin's war with Ukraine. Biden, who noted many allies may not be in a position to join the U.S. in the ban, said this ...
Oil is one of the most important energy, and known as ‘the blood of industry’. The world crude oil price in different countries closely relates, especially major economies including United States (US), Japan, European Union (EU) and China. The national macroeconomic situation will be probably...
The U.S. oil industry has said it shares the goal of reducing reliance on foreign energy sources and is committed to working with the Biden administration and Congress. Even without sanctions, some U.S. refiners have severed contracts with Russian companies. Imports of Russian crude oil and pr...
Oil exportDiscountU.SE.UAiming to force Tehran to modify its nuclear policy, the US and the EU started to implement unprecedented sanctions against Iranian oil exports this year. The EU oil embargo, sanctions against the Central Bank of Iran, and measures against the provision of insurance for...
The phthalic acid ester plasticizer originates from the petroleum, in recent years, the energy crisis intensified unceasingly, the crude oil rose in prices largely leads the plasticizer cost to rise suddenly, the development slowed down obviously, plasticizer faced with product mix and variety adjus[...
Natural resources, including minerals, oil, gas, timber, and agricultural products, play a pivotal role in driving economic activity in Global South nations, contributing significantly to economic growth, export earnings, and employment generation (Rahim et al., 2021; Zallé, 2019). These resources...
in both offshore and onshore settings. Gas and oil companies that hire drilling supervisors include those involved in oilfield maintenance, petroleum product marketing and crude oil refinement. Natural gas manufacturing companies as well as export firms and crude oil production operations also commonly ...