The price of crude oil is among the most important prices quoted daily across the world — which is not surprising, since crude oil is the most widely used source of energy worldwide, as well as being a unique commodity. When petroleum burst onto the world stage in 1859, its price first...
Many unforeseen events can also impact the price of crude oil, driving it up for down. For example: After theIranianrevolution in the late 1970s, the price of oil rose sharply. The 2020 outbreak of the COVID-19 pandemic saw crude oil plummet to a negative price per barrel. The IEA exp...
Its dynamic structure implies that the price of crude oil today affects prices in the same and the following month, with no feedback in the opposite direction of Granger (1969) causality (G-causality). The models fitted accordingly are then applied to: (i) decomposing total, energy and non...
Should crude oil price volatility receive more attention than the price of crude oil? An empirical investigation via a large‐scale out‐of‐sample ... N Nonejad - 《Journal of Forecasting》 被引量: 0发表: 2020年 Stock Price Dynamics and Firm Size: An Empirical Investigation ABSTRACT We show...
In July 2021, OPEC announced that it would increase oil production by .4 mb/d monthly until it phased out the lower output it created in 2020.15 Note In February 2022, Russia's invasion of Ukraine caused the price of crude oil to skyrocket far above pre-pandemic prices. Prices rose du...
the international crude oil price continued to be lower than the floor price of $40/ barrel, and the domestic refined oil price adjustment continued to be in a state of no adjustment. On May 7, 2020, the lowest price of gasoline appeared in the year, with the price of 4,576 RMB/ ton...
According to the Dept. of International Affairs at National Iranian Oil Co. (NIOC), Iran sold its different types of crude oil to various markets in June 2020 at the prices listed in the following table (US$/Barrel):...
TheOPEC crude oil priceis defined by the price of the so-called OPEC (Reference) basket. This basket is an average of prices of the various petroleum blends that are produced by the OPEC members. Some of these oil blends are, for example: Saharan Blend from Algeria, Basra Light from Iraq...
In this paper, the new structural characteristics and core influencing factors of the crude oil prices are summarized based on previous representative research results. Firstly, a newly dynamic Bayesian structural time series model (DBSTS) is developed to investigate the oil prices. In particular, ...
For example, in the early months of 2022, crude oil prices at seven-year highs above $90 per barrel were frequently described as an inflationary threat to growth.3 That's in stark contrast with crude's plunge in the spring of 2020 in response to the COVID-19 pandemic.4 The price of...