scholarly journals A fair gasoline and light-oil price level of the automobile transportation

1995 ◽  
Vol 12 ◽  
pp. 283-294
Author(s):  
Hisayoshi MORISUGI ◽  
Atushi KOIKE ◽  
Shin-ichi MUTOH
Keyword(s):  
Price Level ◽  
Oil Price ◽  
Light Oil

The Impact of Oil Price Volatility on China’s Economy: An Empirical Investigation Based on VAR Model

2012 ◽  
Vol 524-527 ◽  
pp. 3211-3215 ◽  
Author(s):  
Shu Ping Wang ◽  
Ai Mei Hu ◽  
Zhen Xin Wu
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Monetary Policy ◽  
Price Level ◽  
Price Volatility ◽  
Oil Price ◽  
Economic Growth Rate ◽  
Oil Price Volatility ◽  
China’S Economy

China has been in rapid economic growth and industrial structure reform for recent years, and oil, as a most important raw material for industrial production, its price fluctuations have direct impact on energy-intensive industries as well as non-energy-intensive industries and their associated industries’ overall demands. Under the price transmission mechanism, oil price volatility imposes significant influences on economic growth rate, price level, unemployment rate and monetary policy as well. This paper established VAR model among oil prices and economic indicators such as economic growth rate, price level, unemployment rate and monetary policy, and by data processing , stability test and cointegration test, we found that there existed long term stable cointegration relations among these sequences; through Granger Causality test we found that oil price volatility was the Granger cause of the fluctuations of economic growth rate, price level and monetary policy, and meanwhile, changes in economic growth rate is the Granger cause of that in price level. The result of our empirical study indicated that, oil price volatility has a profound influence on China’s economy, and thus, China should improve the establishment of the oil futures market to avoid risks of oil price volatility and secure long-term stability of its economic growth.

Study on Effect of Oil Price Rising on China’s General Price Level

2011 ◽  
Vol 347-353 ◽  
pp. 3836-3841
Author(s):  
Shu Sen Gui ◽  
Hai Lin Mu ◽  
Nan Li
Keyword(s):  
Price Level ◽  
Price Change ◽  
Price Impact ◽  
Oil Price ◽  
Input Output ◽  
Price Model ◽  
Economic Sectors ◽  
General Price Level ◽  
Rate Of Increase ◽  
The Impact

This paper analyzes and evaluates the oil price change on effects of China’s general price level and economic sectors’ price level by adopting the input-output price model and input-output of China in 2007. In the case of oil price rise 100%: Compare with the results over the years show that oil price impact on the whole society increased year by year, and the rate of increase present accelerated tendency; Compare with the other energy sector, the impact of oil prices level is generally lower than the price of electricity and heat levels.

Oil Price Declines Could Hurt U.S. Financial Markets: The Role of Oil Price Level

2020 ◽  
Vol 41 (01) ◽  
Author(s):  
Ha Nguyen ◽  
Huong Nguyen ◽  
Anh Pham
Keyword(s):  
Financial Markets ◽  
Price Level ◽  
Oil Price

Modelling the asymmetric responses of price level to oil price changes in Qatar

2019 ◽  
Vol 28 (5) ◽  
pp. 548-560
Author(s):  
Zouhair Mrabet ◽  
Mouyad Alsamara ◽  
Shahad Salem S. A. Al-Marri ◽  
Zainab Ali Al-khayat
Keyword(s):  
Price Level ◽  
Oil Price ◽  
Price Changes ◽  
Asymmetric Responses

scholarly journals TECHNOECONOMIC ANALYSIS OF REFINING NIGERIAN LIQUEFIED NATURAL GAS CONDENSATE

2021 ◽  
Vol 36 (2) ◽  
pp. 43-54
Author(s):  
I.O Oseni ◽  
E.O Agbonghae ◽  
C.N Nwaozuzu
Keyword(s):  
Natural Gas ◽  
Value Chain ◽  
Net Present Value ◽  
Liquefied Natural Gas ◽  
Oil Price ◽  
Catalytic Reforming ◽  
Price Forecast ◽  
Technoeconomic Analysis ◽  
Light Oil ◽  
Pessimistic Scenario

Condensate refining is among the strategies proposed to solve the light oil glut around the globe. The Nigerian Liquefied Natural Gas (NLNG), which is the Nigerian government’s best performing investment in the natural gas value chain, produces plant condensate as a by-product. In this paper, the economics of a refinery designed to use NLNG plant condensate is evaluated under an optimistic oil price forecast and a pessimistic oil price trend. A gasoline producing refinery configuration was chosen for this study, and it comprises of a naphtha splitter, a Penex isomerisation unit and a Continuous Catalytic Reforming (CCR) unit. The product yields and plant costs were determined by established correlations and industry estimates. The proposed refinery will convert 40,000 bpd plant condensate into 96% gasoline, 3% LPG and 1% hydrogen, and economic indicators such as Net Present Value (NPV), Internal Rate of Return (IRR) and Profitability Index (PI) were used to assess the economic viability of the refinery. The optimistic scenario of oil price forecast resulted in an NPV of $ 531.90 million, an IRR of 20.09% and a PI of 3.16, while the pessimistic scenario gave an NPV of $16.26 million, an IRR of 11.16% and a PI of 1.07. These results prove that a condensate refinery with the proposed configuration is economically feasible and interested investors in Nigeria’s refining space should explore this possibility.

scholarly journals Asymmetric Impact of Oil Price on Inflation: Evidence from Nepal

2019 ◽  
Vol 31 (1) ◽  
pp. 21-46
Author(s):  
Dipesh Karki ◽  
Hari Gopal Risal
Keyword(s):  
Time Series Data ◽  
Price Level ◽  
Petroleum Products ◽  
Oil Price ◽  
Unit Price ◽  
Series Data ◽  
Asymmetric Adjustment ◽  
Long Run ◽  
Short Run ◽  
Pass Through

This paper investigates asymmetric oil price pass through on inflation in Nepal using time series data of 331 months from April 1987 to February 2018. The paper applies Nonlinear Autoregressive Distributed Lag (NARDL) model to estimate long run and short run asymmetric adjustment of refined petroleum products on Consumer Price Index (CPI). Finding shows presence of long run asymmetric adjustment between price of all petroleum products and CPI. However, when the model is controlled for monetary impact and price level of India, only the price of diesel is found to have long run asymmetric pass through into inflation. The long run cointegrating equation shows unit rise in price of diesel is accompanied by small contraction in CPI in long run by -0.048 units. Meanwhile unit fall in price of diesel is shown to have positive long run pass through in CPI by 0.431 units. This apparent anomaly could be attributed to fact that with rise in price of diesel, demand for cheaper adulterant like kerosene increases thus resulting in fall in CPI Similarly, fall in unit price of diesel could have overall increased industrial demand and other resources which in turn led to significant increase in CPI. Meanwhile, study didn’t find any significant asymmetry in short run between CPI and petroleum products. However, in short run a significant impact on the CPI by actual size of increased price of Petrol and Diesel has been found. Hence, in short run, it shows that it is the size of price increase in Petrol and Diesel; not the price itself that has significant effect on the CPI. Since petroleum products in Nepal are not priced by market, these findings can provide guidelines for future oil pricing in reducing the spillover impact on general price level.

Energy mutual funds and oil prices

2018 ◽  
Vol 44 (3) ◽  
pp. 374-388 ◽  
Author(s):  
Alper Gormus ◽  
John David Diltz ◽  
Ugur Soytas
Keyword(s):  
Mutual Funds ◽  
Design Methodology ◽  
Price Level ◽  
Oil Prices ◽  
Oil Price ◽  
Content Type ◽  
Market Capitalization ◽  
Volatility Transmission ◽  
Price Movements ◽  
Volatility Feedback

Purpose The purpose of this paper is to examine the price level and volatility impacts of oil prices on energy mutual funds (EMFs). The authors also examine specific fund characteristics which might influence those interactions. Design/methodology/approach The authors test for volatility transmission between the oil prices and the funds in the sample. Later, the authors test to see which fund characteristics impact these volatility interactions. Findings The results show oil price movements lead majority of sample EMFs. The authors also find a volatility feedback relationship with most of the sample. Furthermore, the authors show the fund characteristics to be important indicators of these interactions. Morningstar rating, market capitalization and management tenure are found to be significant drivers of the relationships between EMFs and oil prices. Originality/value To the knowledge, there is not a study in literature which examines these relationships.

scholarly journals A Simultaneous-Equation Model of Estimating the Response of the Consumer Price to Exchange Rate Movements in Thailand

2020 ◽  
Vol 10 (1) ◽  
pp. 284
Author(s):  
Yu Hsing
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Inflation Targeting ◽  
Price Level ◽  
Simultaneous Equation ◽  
Equation Model ◽  
Oil Price ◽  
Simultaneous Equation Model ◽  
Crude Oil Price ◽  
The Impact

This paper examines exchange rate pass-through (ERPT) to the consumer price in Thailand based on a simultaneous-equation model consisting of the IS, LM and AS function. It employs comparative static analysis to determine the impact of a change in an exogenous variable on the equilibrium price level. The paper finds that a 1% depreciation of the Thai baht tends to cause the CPI to rise by 0.0696% and has declined since the adoption of inflation targeting in 2000. In addition, more money supply, more government deficit as a percent of GDP, a higher crude oil price, a higher U.S. CPI, and a higher expected price tends to raise Thailand’s CPI. The findings suggest that in addition to the exchange rate, other relevant variables such as fiscal policy, monetary policy, the crude oil price, U.S. price level and the expected price level are expected to impact the consumer price level.

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