again to $2.69 in 2022. Overall, the import price per kilogram of Olive Oil into the US has seen a downward trend over the last five years. Based on this trend, it is predicted that the import price per kilogram of Olive Oil into the US will be $2.60 in 2023 and $2.45 in 2024....
WTI crude oil also opened 2021 with an uptrend at $48.27 per barrel. WTI crude had a series of rallies and tumbles to reach a year-high price of $84.06 per barrel in late October 2021. Compared to the 2022 year opening price, WTI crude isdown 3.68%. ...
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...
Oil is the crown jewel of commodities. It's used in many ways, from making plastics and asphalt to processing fuel. Price changes in oil ripple through the entire economy, since it is essential to the production, distribution, and delivery of most of the physical products we use. As a re...
The outcomes revealed the following: (i) financial development negatively affected ecological quality in the short and long term; (ii) oil prices positively impact carbon emissions in the long term; however, the price of oil does not significantly influence CO2 emissions in the short term; (iii...
In the past twenty years, the annual price for one barrel of Brent crude oil saw a net increase. For example, the average price per barrel stood at 80.53 U.S. dollars in 2024. Read more Average monthly Brent crude oil price from December 2022 to December 2024 (in U.S. dollars per...
However, the prices of crude oil impact macroeconomic performance in the country as it has a positive and significant impact on the gross domestic product... E Ayeni,O Fanibuyan - 《Research in Globalization》 被引量: 0发表: 2022年 Oil Price Shocks and Nigeria's Economic Activity: Evidence...
Oil and precious metals such as gold, silver, and platinum have received considerable attention given the rapid financialization of commodities (Balcilar et al., 2015). The strong demand for oil globally, coupled with the diversification of the uses of precious metals in various industries, has ...
Extant literature suggests that oil price shocks have a strong impact on the macroeconomy and the stock market. However, relatively less is known about the effect of country-level determinants, competition, and asymmetrical relationship in affecting the oil & gas stock return at the firm-level. Us...
Interestingly, Russia experiences improvements in the trade balance in response to the oil price rising. Among oil-importing countries, India is more sensitive than BRICS member countries to oil price shocks in terms of negative oil price impacts on inflation, GDP, and trade balance. Though oil ...