This paper analyses the impact of transmission of international oil prices and domestic oil price pass-through policy on major macroeconomic variables in India with the help of a macroeconomic policy simulation model. Three major channels of transmission of oil price shock viz. import channel, price...
FRANKFURT, Germany (AP) — A clash of two oil titans - Saudi Arabia and Russia - is sending shock waves through energy markets, with wide-ranging implications for consumers and oil companies, including those in the No. 1 producing country, the United Sta
Major oil producers have announced cutbacks in production in hopes of stabilizing the energy market, but many analysts say it is not enough to offset the pandemic shock. The Organization of the Petroleum Exporting Countries (OPEC) and its allies led by Russia, a group known as OPEC+, agreed...
Norton, P.W.: Regulation, the OPEC oil supply shock, and wealth effects for electric utilities. Econ. Inq. 26, 223-238 (1988)Norton, S. W. (1988). Regulation, The OPEC Oil Supply Shock, and Wealth Effects for Electric Utilities. Economic Inquiry, 223-238....
Norton, P.W.: Regulation, the OPEC oil supply shock, and wealth effects for electric utilities. Econ. Inq. 26, 223-238 (1988)Norton, S. W. (1988). Regulation, The OPEC Oil Supply Shock, and Wealth Effects for Electric Utilities. Economic Inquiry, 223-238....
The International Energy Agency, the multinational body set up in the wake of the 1973 oil shock, warned in its latest monthly report that energy markets are "faced with what could turn into the biggest supply crisis in decades". The IEA expects that, as a result ...
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 ...
In this paper, we assess the impact and repercussions of oil price fluctuations on the UK economy. We use an empirical strategy which allows us to decompose oil price changes from the underlying source of the shock. Our results show that the consequences of oil price changes on UK macroeconomi...
(VMD), from October 1, 2021, to August 25, 2022, as the event window, we found that the war and its chain events caused the West Texas Intermediate (WTI) crude oil prices to increase by $37.14, a 52.33% surge, and the Brent crude oil price to rise by $41.49, a 56.33% increase...
Volatile oil prices can send shockwaves throughout the global economy. Changes in the production and consumption of oil also drive prices. However, oil is not a diamond or caviar—luxury items of limited utility that most can live without. Oil is abundant and in great demand, making its pric...