scholarly journals The US Shale Gas Revolution and Its Externality on Crude Oil Prices: A Counterfactual Analysis

2018 ◽  
Vol 10 (3) ◽  
pp. 697 ◽  
Author(s):  
◽  
Keyword(s):  
Crude Oil ◽  
Shale Gas ◽  
Oil Prices ◽  
Counterfactual Analysis ◽  
Crude Oil Prices ◽  
The Us

Study on Mechanics of Special Materials against Oil Volatility Risk

2012 ◽  
Vol 164 ◽  
pp. 356-361
Author(s):  
Tian Li
Keyword(s):  
Crude Oil ◽  
Oil Prices ◽  
Treasury Bonds ◽  
Volatility Risk ◽  
Important Material ◽  
Crude Oil Prices ◽  
The Us ◽  
Modern Industry

Crude oil is the most important material for the modern industry, while its volatility risk’s threatening to the industry developments is increasing stronger and stronger. In 2008 and 2009, some Chinese corporations have suffered from huge losses from their earlier hedging operations on crude oil prices. These incidents reflected the shortage of management methods and experiences on risks. In fact, those corporations might hedge their short positions on the crude oil puts by longing the US Treasury Bonds puts so as to avoid the huge losses.

scholarly journals Crude Oil and the Nigeria Naira Exchange Rate

2019 ◽  
pp. 57-60
Author(s):  
OMEKWE, Sunday Omiekuma Paul ◽  
OBAYORI, Joseph Bidemi
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Oil Prices ◽  
Federal State ◽  
Foreign Earnings ◽  
Crude Oil Prices ◽  
The Us ◽  
Hard Times ◽  
Basic Source ◽  
State And Local

The paper examined crude oil and the Nigeria naira exchange rate. Crude oil is a natural resource found beneath the water table usually in the delta region or in the sea and ocean. Oil as a hydrocarbon was first found and drilled in Oloibiri in Bayelsa State in 1956, and has become the basic source of Nigeria’s foreign earnings and therefore its foreign exchange. Exchange rate is the value of another country's currency compared to that of your own. But the ups and downs in the price of crude oil has put the Nigerian economy at the edge of the sword. Moreover, since the announced global slump in oil prices, governments at all levels (federal, state and local) have had hard times meeting their expenditure needs. Also, the weak value of the naira in relation to the US. Dollar has not help the country economy. This is because, while the stream of income remained the same, one now need more Naira to pay for some commodities abroad. Also, any drop in crude oil prices tends to lead to a weakened Naira against the dollar on the black market. Therefore, in order to have a chance at developing, a country needs to maintain a competitive exchange rate that is not overvalued.

scholarly journals Test for asymmetry on the ex-pump price of premium gasoline in Ghana, Kenya, and Colombia

2021 ◽  
Vol 4 (1) ◽  
pp. 73-89
Author(s):  
Senanu Kwasi Klutse ◽  
Gábor Dávid Kiss
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Oil Prices ◽  
Oil Price ◽  
Dollar Exchange Rate ◽  
Fuel Prices ◽  
Crude Oil Prices ◽  
Long Run ◽  
The Us ◽  
Us Dollar

Once again, the World has been faced with an oil price shock as a result of the SARS-CoV-2 coronavirus pandemic. This has resurrected an old debate of whether retail fuel prices adjust significantly to either increases or decreases in international crude oil prices. With many countries moving towards the deregulation of their petroleum sub-sector, the impact of the US dollar exchange rate on retail fuel prices cannot be overlooked. This study investigates the rate at which positive and negative changes in international Brent crude oil prices and the US dollar exchange rate affected the increases or decreases in the ex-pump price of premium gasoline between February 2012 and December 2019. Using a non-linear auto-regressive distributed lag model, the exchange rate was found to play a significant role in fluctuations in the retail price of premium gasoline in Ghana and Colombia in the long run, howev-er, the rate of adjustment between the negative and positive changes was not significant, dispelling the perception of price asymmetry. There was no significant relationship between the ex-pump price of premium gasoline and the international Brent crude oil price in Ghana and Kenya in the long run. This study recommends that the aforementioned countries prioritise the creation of ex-change rate buffers to prevent exchange rate shocks that may affect retail fuel prices.

scholarly journals PAIN AT THE PUMP: IS THERE AN ASYMMETRIC INFLUENCE OF OIL VOLATILITY ON GASOLINE VOLATILITY IN FRANCE?

2015 ◽  
Vol 21 (2) ◽  
Author(s):  
SOFIANE ABOURA
Keyword(s):  
Crude Oil ◽  
Oil Prices ◽  
Conditional Correlation ◽  
Dynamic Conditional Correlation ◽  
Taxation Policy ◽  
Crude Oil Prices ◽  
The Us ◽  
The Government ◽  
First Time ◽  
The Relationship

<p class="ESRBODY">We investigate, for the first time, the relationship between gasoline volatility and crude oil volatility. We aim to examine if the so-called asymmetric relationship between gasoline and crude oil prices holds for volatility. The approach employed is based on the asymmetric dynamic conditional correlation model as applied to the US WTI oil volatility and the French Super Carburant 95 gasoline volatility from 1990 to 2014.</p>The results reveal that gasoline volatility tends to be overreactive to changes in crude oil volatility. Moreover, it appears that the government taxation policy might amplify the gasoline volatility

scholarly journals Do COVID-19 and crude oil prices drive the US economic policy uncertainty?

2020 ◽  
Vol 11 (1) ◽  
pp. 107-107
Author(s):  
Claudiu Tiberiu ALBULESCU
Keyword(s):  
Economic Policy ◽  
Crude Oil ◽  
Oil Prices ◽  
The United States ◽  
Positive Influence ◽  
Policy Uncertainty ◽  
Economic Policy Uncertainty ◽  
Distributed Lag ◽  
Crude Oil Prices ◽  
The Us

This paper investigates the effect of COVID-19 and crude oil prices on the United States (US) economic policy uncertainty (EPU), with a focus on the pre-pandemic phase of the sanitary crisis. Using daily data for the period January 21 – March 13, 2020, our Autoregressive Distributed Lag (ARDL) model shows that the new infection cases reported at global level, and the fatality ratio, have no significant effect on the US EPU during the first phase of the crisis, whereas the oil price negative dynamics leads to increased uncertainty. However, analysing the situation outside China, we discover that both new case announcements and the COVID-19 associated death ratio have a positive influence on the US EPU. Keywords: coronavirus; economic policy uncertainty; COVID-19; EPU; oil prices

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