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...
OPEC plan moves to stem oil price shock.(Organization of Petroleum Exporting Countries)(Brief Article)Saadi, DaniaEvers, Sean
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 ...
But studies have shown that the magnitude, lag and duration of the impact of an oil price shock on the real economy is dependent on a number of factors, including the duration (temporary vs. permanent), nature (demand- vs supply-side) and origin (domestic vs. exogenous) of the shock, t...
(2021) employ NARDL to examine the oil shock–exchange rate relationship exchange rate model. In addition, previous studies that pay attention to the bivariate relationship between oil price and exchange rate may potentially be misspecified, which lead to biased results, where relevant explanatory ...
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....
They evidenced that oil price series are mean reverting which implies that the shock would be transitory albeit with very long-lasting effects. The goal of this paper is to understand the behavior of the BDI and WTI (West Texas Intermediate) crude oil prices under the assumption of geopolitical...
Figure 4. Brent oil price versus oil production for the months of January 2014 through November 2016 based on EIA data. During this initial period ending November 2016, the lower the price of oil, the more OPEC’s Oil production increased. This approach would make sense if OPEC was trying ...
The large OPEC-engineered real world oil price increases of the early and late 1970?s have set in train, via a highly integrated international trade and finance system, significant resource transfers from energy-poor to energy-rich countries. In accommodating these resource transfers both energy exp...
A much simpler explanation is that OPEC is interested in the monopolists revenue maximizing price. Right out of the textbook. Oh….and if you think I’m full of it, look up Hotelling and then check out how the futures curve is backwarded. James needs to address that. It’s a fundament...