Capturing Long-Term Coupling and Short-Term Decoupling Crude Oil and Natural Gas Prices

2016 ◽  
Author(s):  
Hayette Gatfaoui
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Short Term ◽  
Natural Gas Prices ◽  
Oil And Natural Gas

scholarly journals The volatility of natural gas prices - Structural shocks and influencing factors

2021 ◽  
Vol 37 (4) ◽  
Author(s):  
L. Stajic ◽  
B. Đorđević ◽  
S. Ilić ◽  
D. Brkić
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Energy Production ◽  
Coal Production ◽  
Total Production ◽  
Structural Shocks ◽  
The World ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
Gas Market

The paper examines the primary drivers and factors influencing the volatility of natural gas prices in the world from January 2007 to July 2020. In addition to the narrow dependence between crude oil and natural gas prices, the influence of renewable energy production and coal production on the price of natural gas has been studied. For that purpose, the method of multiple linear regression was used. The results show that the volatility of natural gas prices significantly depends on the type of the shock in the natural gas market, and that the total production of energy from renewable sources, production of coal and natural gas and the price of crude oil have a significant impact on the price of gas.

scholarly journals The New Regime in Natural Gas Pricing in Alberta

1977 ◽  
Vol 15 (3) ◽  
pp. 538 ◽  
Author(s):  
Francis M. Saville
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Federal Government ◽  
International Market ◽  
The Future ◽  
Natural Gas Prices ◽  
Oil And Natural Gas

Traditionally, the price of petroleum and natural gas in Canada has been relatively low. However, recent changes in the international market have placed pressures upon the federal and provincial governments to reassess the pricing of these commodities. As consequence, Alberta has, in an effort to raise natural gas prices, passed the Arbitration Amendment Act, which forces the field price of gas towards the commodity value and the Natural Gas Pricing Agreement Act, which acts as an agreement with the federal government regarding natural gas prices. At the same time, the federal government has enacted the Petroleum Administration Act to regulate the price of crude oil and natural gas. This article discusses the various acts, in particular the Natural Gas Pricing Agreement Act, as well as the con stitutionality of such legislation and the future pricing of natural gas in Canada.

scholarly journals Dependence and extreme dependence of crude oil and natural gas prices with applications to risk management

2014 ◽  
Vol 42 ◽  
pp. 332-342 ◽  
Author(s):  
Riadh Aloui ◽  
Mohamed Safouane Ben Aïssa ◽  
Shawkat Hammoudeh ◽  
Duc Khuong Nguyen
Keyword(s):  
Risk Management ◽  
Natural Gas ◽  
Crude Oil ◽  
Extreme Dependence ◽  
Natural Gas Prices ◽  
Oil And Natural Gas

scholarly journals Volatility Modelling in Crude Oil and Natural Gas Prices

2016 ◽  
Vol 38 ◽  
pp. 476-491 ◽  
Author(s):  
Omur Saltik ◽  
Suleyman Degirmen ◽  
Mert Ural
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Natural Gas Prices ◽  
Oil And Natural Gas

Fuel Oil

1986 ◽  
Vol 4 (2-3) ◽  
pp. 125-134
Author(s):  
Richard R. Dickinson
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Nuclear Power ◽  
Petroleum Industry ◽  
Oil Prices ◽  
Government Support ◽  
Fuel Oil ◽  
Heavy Fuel Oil ◽  
Natural Gas Prices ◽  
Oil And Natural Gas

As the price of petroleum has increased, the power industry has displaced a great deal of more expensive petroleum and natural gas with coal and nuclear power. The petroleum industry has installed processing facilities to upgrade its heavy fuel oil to make lighter products. These two actions, when combined, have effectively resulted in producing clean products indirectly from coal. A profitable synfuels industry has been created by the refining and power industries without conscious direction on their part—and without government support. The net effect has been to substantially reduce demand for both crude oil and natural gas, stretching future supplies of petroleum energy. This displacement has contributed to the temporary bubble in natural gas and the present oversupply of crude oil, creating downward price pressures on both crude oil and products. Even so, fuel oil prices have remained relatively stable because the industry has installed sufficient capability through its refinery improvements to upgrade fuel oil into more clean products, thereby reducing production of heavy fuel oil. In the future, we can expect the interaction among these fuels to continue to exert their effects. Since there are many consumers who can use either natural gas or fuel oil, their prices will remain tied to each other. Fuel oil prices will set the upper limits to which the burner tip price of natural gas can rise. Conversely, natural gas prices will tend to set the floor under fuel oil prices.

scholarly journals How Selected Energy Commodity Prices Volatility Impacts Gross Domestic Product (GDP) Fluctuation with Respect to Selected European Countries

2020 ◽  
Vol 1 (1) ◽  
Author(s):  
Robert RANOSZ ◽  
Barbara KOWAL
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Raw Materials ◽  
Commodity Prices ◽  
Price Volatility ◽  
European Countries ◽  
Regression Approach ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
The Russian Federation

The article examines price volatility of the following energy raw materials: uranium, coal, crude oil and natural gas, and its influence on GDP fluctuation with regard to selected European countries. The study was carried out using linear regression approach, in which the volatility of raw materials prices was determined as independent variables and GDP fluctuation as a dependent variable. The article examines 33 European countries and the examined period covered 28 years (from 1990 to 2018). As demonstrated in the study, energy raw materials prices volatility influences GDP fluctuation, especially in the countries involved in their extraction and processing. Attention was also drawn to the fact that uranium and coal are the most significant energy raw materials for the European countries. In the case of crude oil, its volatility turned out to be significant only for two countries, i.e. Norway and the Russian Federation. It was a surprise that natural gas prices volatility slightly affects GDP fluctuation in selected European countries.

Analyzing the financial and economic momentum as a result of changes in the interest rate

2020 ◽  
Vol 16 (9) ◽  
pp. 1656-1673
Author(s):  
V.V. Smirnov
Keyword(s):  
Interest Rate ◽  
Natural Gas ◽  
Central Bank ◽  
Crude Oil ◽  
Oil Prices ◽  
Global Capitalism ◽  
Positive Effects ◽  
Russian Economy ◽  
Oil And Natural Gas ◽  
The Interest Rate

Subject. The article discusses financial and economic momenta. Objectives. I determine financial and economic momenta as the interest rate changes in Russia. Methods. The study is based on a systems approach and the method of statistical analysis. Results. The Russian economy was found to strongly depend on prices for crude oil and natural gas, thus throwing Russia to the outskirts of the global capitalism, though keeping the status of an energy superpower, which ensures a sustainable growth in the global economy by increasing the external consumption and decreasing the domestic one. The devaluation of the national currency, a drop in tax revenue, etc. result from the decreased interest rate. They all require to increase M2 and the devalued retail loan in RUB, thus rising the GDP deflator. As for positive effects, the Central Bank operates sustainably, replenishes gold reserves and keeps the trade balance (positive balance), thus strengthening its resilience during a global drop in crude oil prices and the COVID-19 pandemic. The positive effects were discovered to result from a decreased in the interest rate, rather than keeping it low all the time. Conclusions and Relevance. As the interest rate may be, the financial and economic momentum in Russia depends on the volatility of the price for crude oil and natural gas. Lowering the interest rate and devaluing the national currency, the Central Bank preserves the resource structure of the Russian economy, strengthens its positions within the global capitalism and keeps its status of an energy superpower, thus reinforcing its resilience against a global drop in oil prices.

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