For months, oil traders shrugged off any threat of a supply shock in the Middle East, betting on softening demand from China and the West, along with hopes…Saudi Arabia Warns Oil Prices Could Drop to $50 Oct 02, 2024 at 06:31 | Charles Kennedy Editor's note: The OPEC Secretariat refu...
This paper investigates the non-linear effects of oil price shock on macroeconomic performance in the context of two groups of oil-exporting countries using a VAR model with price shocks estimated by a GARCH method. The model consists of oil price shocks and economic growth as two major ...
Oil markets shuddered after a surprise announcement this weekend that Saudi Arabia and other oil-producing countries wouldcut their output of crude oil, potentially pushing up gas prices just as millions of Americans hit the road this summer. With the price of Brent crude, the international oil ...
The second oil price shock in 1979 led to global recession and imposed even more hardship on the prosperity of developing countries as the price for their oil imports rose and the price for their other export products fell. By 1985 Third World Debt exceeded $1 trillion dollars. The problem ...
OPEC Cuts Output to Halt Dive in Price of Oil; Shock Move: Chakib Khelil Told Members to Reduce Production by 520,000 Barrels a Day
In this study, we analyze the time-frequency connectedness between the recent COVID-19 outbreak, crude oil price volatility shock, the economic policy uncertainty, the geopolitical risk and the stock market in the US using the continuous wavelet transform, the wavelet coherence and the wavelet-...
OPEC pricing power : the need for a new perspective Since the 1973 oil price shock, the history and behaviour of the Organization of Petroleum Exporting Countries (OPEC) have received considerable attention ... B Fattouh 被引量: 64发表: 2007年 Sourcebook of Labor Markets: Evolving Structures an...
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....
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The growth phase of oil extraction was characterized by increasing prices well below the basic price of each level of extraction due to short term price signals resisting growth. The high prices during the stagflation phase of extraction can be explained by lower growth in extraction. Thus the sh...