from the dramatic growth of the economies of China and India to widespread (3) in oil-producing regions, including Iraq and Nigeria’s delta region. Triple-digit oil prices have (4) the economic and political map of the world, (5) some old notions of power. Oil-rich nations are ...
Oil price shocks have a statistically significant impact on real stock returns contemporaneously and/or within the following month in the U.S. and 13 European countries over 1986:1–2005:12. Norway as an oil exporter shows a statistically significantly positive response of real stock returns to ...
of the Petroleum Exporting Countries gaining control over the marginal supply of crude oil, US energy legislation, a precautionary demand shock, the Arab Spring and speculative bubbles. These bubbles raised real oil prices by US$14.31 and US$4.65 per barrel in 2007:4–2008:3 and 2010:1–2011...
benchmarks areUK Brent, West Texas Intermediate (WTI), and Dubai Crude (Fateh). Because there are many types and grades of oil, such benchmarks are indispensable for referencing them on the global oil market. The 2024 fall in prices was the result of weakened demand outlooks primarily ...
In November 2024, the average price of kerosene in South Korea was around 1,310 South Korean won per liter.
We add oil prices reflecting oil revenues as another variable to the model. In some developing countries, the changes in these yields do not happen along with the changes in the real economic condition. Instead of the growth in monetary base, we also included the inflation rate. However, the...
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...
been able to weather the effects of Western sanctions and pipeline politics. In Canada, an increase in oil prices provides benefits that overcome “Dutch disease” under a high oil-price regime, but not under a low oil-price regime; the low oil-price regime accentuates challenges the oil sec...
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...
Benchmark oil prices Other crucial benchmarks for crude oil prices are the already mentioned U.S.- WTI and Dubai Crude (Fateh). They are indispensable for referencing the many types and grades of oil on the global market. In the past twenty years, the annual price for one barrel of Bren...