In this article, the Markov Switching-GARCH model (MS-GARCH) was applied to the daily time series data for Saudi crude oil prices for the period (07/04/2010) to (01/11/2021). AIC criterion is used to measure the accuracy of the model. The results concluded that...
The settlement price of the Brent crude oil futures main contract was $76.12 per barrel, a decrease of $2.64 or 3.4%. The main reason is that Saudi Arabia's comprehensive reduction in crude oil prices has raised concerns about future energy demand in the market, as well as increased ...
According to a Reuters report in Dubai on September 6, Saudi Arabia, the world's largest oil exporter, sharply cut its prices for all grades of crude oil to Asian customers in October, but prices for northwestern Europe and the United States remained stable. The sharp price cut comes as a...
Saudi Arabia, the world’s top oil exporter, slashed prices of all crude grades to Asian customers in October versus September, but left prices to northwestern Europe and the U.S. steady. The deep price cuts come as lockdowns across Asia to combat the highly infectious delta variant of the...
After the Russia-Ukraine conflict, Western countries imposed sanctions on Russian crude oil and refined oil products, as well as price caps on its seaborne oil products. These measures reduced the buyer base and supply of Russian oil, causing it to trade at prices below international benchmarks...
Saudi Arabia, the world's top oil exporter, raised crude prices for all regions, with those to Asia hitting all-time highs as disruption in Russian supplies support prices, according to a pricing document seen by Reuters on April 4.
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But we should also see that the environment with high inventory and weak demand still exists. When the oil producing countries began to exert their strength, crude oil prices fell, and the polyester raw materials that had risen up still had the risk of falling back....
Crude oil prices rose at the start of this week after Saudi Arabia said Sunday it would raise its oil prices for most regions, excluding the United States. 在沙特星期天宣布将要提高除美国之外的市场的价格之后,原油价格在周初的时候上涨。
On Monday, Sept. 16, the first full day of trading after the attack, Brent and West Texas Intermediate (WTI) crude oil prices experienced the largest single-day price increase in the past decade. Although U.S. imports of crude oil from Saudi Arabia have declined during the past three year...