A Sensitivity Analysis of World Oil Prices PDF Download

Author: Mark Rodekohr
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 54

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Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1475572360
Category : Business & Economics
Languages : en
Pages : 30

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This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.

Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34

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This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.

Author: Robert A. Meyers
Publisher: McGraw Hill Professional
ISBN: 0071500944
Category : Technology & Engineering
Languages : en
Pages : 941

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* Offers detailed description of process chemistry and thermodynamics and product by-product specifications of plants * Contributors are drawn from the largest petroleum producers in the world, including Chevron, Mobil, Shell, Exxon, UOP, and Texaco * Covers the very latest technologies in the field of petroleum refining processes * Completely updated 3rd Edition features 50% all new material

Author: Stephane Goutte
Publisher: World Scientific
ISBN: 9813278390
Category : Business & Economics
Languages : en
Pages : 827

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Modeling the dynamics of energy markets has become a challenging task. The intensification of their financialization since 2004 had made them more complex but also more integrated with other tradable asset classes. More importantly, their large and frequent fluctuations in terms of both prices and volatility, particularly in the aftermath of the global financial crisis 2008-2009, posit difficulties for modeling and forecasting energy price behavior and are primary sources of concerns for macroeconomic stability and general economic performance.This handbook aims to advance the debate on the theories and practices of quantitative energy finance while shedding light on innovative results and technical methods applied to energy markets. Its primary focus is on the recent development and applications of mathematical and quantitative approaches for a better understanding of the stochastic processes that drive energy market movements. The handbook is designed for not only graduate students and researchers but also practitioners and policymakers.

Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 220

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Author:
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 828

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Author: A. David Sandoval
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 40

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Author: United States. Energy Information Administration
Publisher:
ISBN:
Category :
Languages : en
Pages : 1038

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Author:
Publisher:
ISBN:
Category : Power resources
Languages : en
Pages : 462

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