As the IEA puts it: "The prospect of large-scale disruptions to Russian oil production is threatening to create a global oil supply shock. We estimate that from April, three million barrels per day of Russian oil output could be shut in as sanctions take hold and ...
Norton, P.W.: Regulation, the OPEC oil supply shock, and wealth effects for electric utilities. Econ. Inq. 26, 223-238 (1988)Norton, Seth W. 1988. “Regulation, The OPEC Oil Supply Shock and Wealth Effects for Electric Utilities.” Economic Inquiry 26: 223-238....
OPEC said in a report that it expects global oil demand to rise by around 1 million barrels a day, up from an increase of 900,000 barrels a day in 2013. The average retail price for a gallon of gasoline in the U.S. fell less than a penny to $3.30 a gallon, according to AAA, ...
The oil-price declinesince mid-2014 has been a major shock to the global chemical industry. Many producers were underprepared for both the magnitude and speed of the impact on their businesses. The changing nature of oil supply and demand is expected to exacerbate ...
Several studies have investigated the effect of oil price shocks on business cycles, production, prices, and labour market. The focus of this paper is primarily on the relationship between oil price changes and industrial production in G7 countries. To investigate the heterogeneity of impact, this...
stock market returns and volatility and found that the response of stock returns and volatility to oil price shocks is highly dependent on whether the shock is driven by supply or demand. Kang et al. (2016) assessed the impact of oil supply shocks caused by U.S. and non-U.S. oil ...
The main contribution of this paper is to construct an open-economy DSGE model to distinguish and analyze the effects of different oil price shocks on China's output and inflation. Four types of oil price shocks are distinguished by defining the correlations between the oil price shock and its...
Since OPEC agreed to supply-cutsin March, the price of crude oil has jumped to almost $26 a barrel, up fromless than $10 last December. This near-tripling of oil prices calls up scarymemories of the 1973 oil shock, when prices quadrupled, and 1979-1980, whenthey also almost tripled....
A shock to energy prices could directly affect energy-intensive sectors, such as aviation and shipping. The impact in energy-intensive sectors could be reflected in margin erosion—though some firms may be able to pass these costs onto the consumer by increasing the final pr...
②Since OPEC agreed to supply-cuts in March, the price of crude oil has jumped to almost $26 a barrel, up from less than $10 last December.③This near-tripling of oil prices calls up scary memories of the 1973 oil shock, when prices quadrupled, and 1979-80, when they also almost ...