I believe that the world first entered the stagflation era in 1973, when oil prices first rose dramatically. At that time, it became clear that oil must be used more sparingly. To help economize on oil, smaller, more fuel-efficient cars began to be imported from Japan and Europe. In some...
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The Lowest Oil Prices since 2003, ExplainedWhen will global oil prices stop falling?Many investors are asking themselves that question after...Jackson, Allison
After oil and gas prices spiked in the fall, people had good reason to hope that prices would come down. President Joe Biden took action in November to try to suppress rising energy prices by announcing that the U.S. and other nations would release oil from their strategic petroleum rese...
Closing Prices for Crude Oil, Gold and Other Commodities More The Associated Press Benchmark U.S. crude oil for October delivery rose 54 cents to $93.06 a barrel Friday. Brent crude for October delivery rose $1.65 to $100.99 a barrel. Wholesale gasoline for September delivery rose 4 cents ...
As the world's most strategic commodity globally, the effect of crude oil prices on financial markets has been examined in a large strand of the economics literature, with a particular emphasis on the impact on stock markets. Pioneered by the seminal work of Kilian (2009), a rapidly growing...
in earlier rounds of sanctions, could take so much Russian crude off the market that oil prices would spike, Western economies would suffer, and Russia would see increased earnings from whatever oil it can ship in defiance of the embargo. Russia, the world's No. 2 oil producer, ...
road transport; air pollution emissions; oil prices; public health; fuel demand price elasticities; pollution emission elasticities1. Introduction In recent years, China’s rapid economic growth has correlated with huge energy consumption, especially for the road transport sector (for example, in ...
Oil prices Market dislocation Production and consumption Competition 1. Introduction To what extent are the systematic asset price risks of oil & gas firms explained by the oil price shocks that are themselves affected by the macroeconomic forces? Are monopoly firms less affected by the oil price ...
oil prices by US$14.31 and US$4.65 per barrel in 2007:4–2008:3 and 2010:1–2011:1, respectively, which transferred US$42.8 billion from US consumers to US oil producers and US$87.4 billion from the US economy to oil exporting nations. Conversely, some sharp changes, such as the price...