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1

Crude oil prices: Are our oil markets too tight?  

SciTech Connect

The answer to the question posed in the title is that tightness in the market will surely prevail through 1997. And as discussed herein, with worldwide demand expected to continue to grow, there will be a strong call on extra oil supply. Meeting those demands, however, will not be straightforward--as many observers wrongly believe--considering the industry`s practice of maintaining crude stocks at ``Just in time`` inventory levels. Further, impact will be felt from the growing rig shortage, particularly for deepwater units, and down-stream capacity limits. While these factors indicate 1997 should be another good year for the service industry, it is difficult to get any kind of consensus view from the oil price market. With most observers` information dominated by the rarely optimistic futures price of crude, as reflected by the NYMEX, the important fact is that oil prices have remained stable for three years and increased steadily through 1996.

Simmons, M.R. [Simmons and Co. International, Houston, TX (United States)

1997-02-01T23:59:59.000Z

2

Prediction of prices for oil products in the internal market  

Science Journals Connector (OSTI)

The paper considers the Russian market of oil products and provides a model of this ... of which suggests approaches to forecasting the internal prices of oil producers within one scenario of economic development...

Yu. A. Bakman

2014-01-01T23:59:59.000Z

3

Wild oil prices, but brave stock markets! The case of GCC stock markets  

Science Journals Connector (OSTI)

Using a vector autoregression (VAR) analysis, this paper investigates the effect of the sharp increase in oil prices on stock market returns for five Gulf ... to 24 May, 2005. During this period oil price has bee...

Bashar Abu Zarour

4

Oil price and financial markets: Multivariate dynamic frequency analysis  

Science Journals Connector (OSTI)

Abstract The aim of this paper is to study the degree of interdependence between oil price and stock market index into two groups of countries: oil-importers and oil-exporters. To this end, we propose a new empirical methodology allowing a time-varying dynamic correlation measure between the stock market index and the oil price series. We use the frequency approach proposed by Priestley and Tong (1973), that is the evolutionary co-spectral analysis. This method allows us to distinguish between short-run and medium-run dependence. In order to complete our study by analysing long-run dependence, we use the cointegration procedure developed by Engle and Granger (1987). We find that interdependence between the oil price and the stock market is stronger in exporters? markets than in the importers? ones.

Anna Creti; Zied Ftiti; Khaled Guesmi

2014-01-01T23:59:59.000Z

5

Energy & Financial Markets: What Drives Crude Oil Prices? - Energy  

U.S. Energy Information Administration (EIA) Indexed Site

& Financial Markets - U.S. Energy Information Administration (EIA) & Financial Markets - U.S. Energy Information Administration (EIA) U.S. Energy Information Administration - EIA - Independent Statistics and Analysis Sources & Uses Petroleum & Other Liquids Crude oil, gasoline, heating oil, diesel, propane, and other liquids including biofuels and natural gas liquids. Natural Gas Exploration and reserves, storage, imports and exports, production, prices, sales. Electricity Sales, revenue and prices, power plants, fuel use, stocks, generation, trade, demand & emissions. Consumption & Efficiency Energy use in homes, commercial buildings, manufacturing, and transportation. Coal Reserves, production, prices, employ- ment and productivity, distribution, stocks, imports and exports. Renewable & Alternative Fuels

6

Energy and Financial Markets Overview: Crude Oil Price Formation  

Gasoline and Diesel Fuel Update (EIA)

Richard Newell, Administrator Richard Newell, Administrator May 5, 2011 Energy and Financial Markets Overview: Crude Oil Price Formation EIA's Energy and Financial Markets Initiative 2 Richard Newell, May 5, 2011 * Collection of critical energy information to improve market transparency - improved petroleum storage capacity data - other improvements to data quality and coverage * Analysis of energy and financial market dynamics to improve understanding of what drives energy prices - internal analysis and sponsorship of external research * Outreach with other Federal agencies, experts, and the public - expert workshops - public sessions at EIA's energy conferences - solicitation of public comment on EIA's data collections

7

Do traders' positions predict oil futures prices? A case study of the 2008 oil market turbulence  

Science Journals Connector (OSTI)

This paper empirically tests whether traders' positions predict crude oil futures prices through a case study of the 2008 oil market turbulence. It is found that the three-week-long trend of traders' net long position significantly forecasts prices when the prices excessively rise from April to July 2008. In specific, speculator's trend forecasts price continuation, whereas the hedger's trend predicts price reversals. However, during the price-collapsing period, no significant predictability is found. These findings provide two implications. First, the hedging-pressure theory can be supported in oil futures market when the market prices excessively rise and traders' position data are used as trend concept. Second, the recent argument on 'the 2008 oil bubble' asserting that excessive rise in oil prices during the second quarter of 2008 is associated with speculator's positions can be supported.

Sunghee Choi; Seok-Joon Hwang

2012-01-01T23:59:59.000Z

8

Price dynamics of crude oil and the regional ethylene markets  

Science Journals Connector (OSTI)

This paper is the first attempt to investigate: (i) is the crude oil (WTI) price significantly related to the regional ethylene prices in the Naphtha intensive ethylene markets of the Far East, North West Europe, and the Mediterranean? (ii) What drives the regional ethylene prices? The paper is motivated by the recent and growing debate on the lead-lag relationship between crude oil and ethylene prices. Our findings, based on the long-run structural modelling approach of Pesaran and Shin, and subject to the limitations of the study, tend to suggest: (i) crude oil (WTI) price is cointegrated with the regional ethylene prices (ii) our within-sample error-correction model results tend to indicate that although the ethylene prices in North West Europe and the Mediterranean were weakly endogenous, the Far East ethylene price was weakly exogenous both in the short and long term. These results are consistent, during most of the period under review (2000.1–2006.4) with the surge in demand for ethylene throughout the Far East, particularly in China and South Korea. However, during the post-sample forecast period as evidenced in our variance decompositions analysis, the emergence of WTI as a leading player as well, is consistent with the recent surge in WTI price (fuelled mainly, among others, by the strong hedging activities in the WTI futures/options and refining tightness) reflecting the growing importance of input cost in determining the dynamic interactions of input and product prices.

Mansur Masih; Ibrahim Algahtani; Lurion De Mello

2010-01-01T23:59:59.000Z

9

An empirical analysis of the price discovery function of Shanghai fuel oil futures market  

Science Journals Connector (OSTI)

This paper analyzes the role of price discovery of Shanghai fuel oil futures market by using methods, such ... there exists a strong relationship between the spot price of Huangpu fuel oil spot market and the fut...

Zhen Wang; Zhenhai Liu; Chao Chen

2007-08-01T23:59:59.000Z

10

On the relationship between world oil prices and GCC stock markets  

E-Print Network (OSTI)

On the relationship between world oil prices and GCC stock markets Mohamed El Hedi Arouri Associate ABSTRACT We provide comprehensive evidence on the relationship between oil prices and stock mar- kets to be more sensitive to negative than to positive oil shocks. Keywords: oil prices, stock markets, GCC

Paris-Sud XI, Université de

11

Dynamics of heating oil market prices in Europe  

Science Journals Connector (OSTI)

This paper concerns the German and French heating oil market and attempts to establish long- and short-term relationships between German and French monthly heating oil prices in dollars, the Rotterdam spot price for the same product and the DM/US$ and FF/US$ exchange rates during the period from January 1987 to December 1997. To model the market over the period under consideration, incorporating the Gulf War, we have used conventional unit root tests and sequential tests allowing structural changes. Long-term relationships, with shifts in regime detected by cointegration tests taking structural breaks into consideration, are estimated. The short-term dynamics defined by a vector error correction (VEC) mechanism is derived in a classic manner when in presence of a cointegrated VAR system. The econometric results obtained are commented on from an economic point of view. Weak exogeneity tests are performed and the conditional VEC model is deduced, enabling measurement of the instantaneous impact of variations in weakly exogenous exchange rates on variations in heating oil prices in Germany and France. Lastly, a study is made of the asymmetric reaction of domestic prices to positive and negative variations in exchange rates and the Rotterdam spot quotation.

J.P. Indjehagopian; F. Lantz; V. Simon

2000-01-01T23:59:59.000Z

12

CHEMICAL MARKET PRICES  

Science Journals Connector (OSTI)

CHEMICAL MARKET PRICES ... Compiled from weekly current price listings in the Oil, Paint and Drug Reporter , with permission of the publisher under its copyright. ...

1941-11-10T23:59:59.000Z

13

CHEMICAL MARKET PRICES  

Science Journals Connector (OSTI)

CHEMICAL MARKET PRICES ... Compiled from weakly current price listings in the Oil, Paint and Drug Reporter, with permission of the publisher under its copyright. ...

1941-01-10T23:59:59.000Z

14

Chemical Market Prices  

Science Journals Connector (OSTI)

Chemical Market Prices ... Compiled from weekly current price listings in the Oil, Paint and Drug Reporter with permission of the publisher under its copyright. ...

1945-01-10T23:59:59.000Z

15

CHEMICAL MARKET PRICES  

Science Journals Connector (OSTI)

CHEMICAL MARKET PRICES ... Compiled from weekly current price listings in the Oil, Paint and Drug Reporter, with permission of the publisher under its copyright. ...

1941-10-10T23:59:59.000Z

16

CHEMICAL MARKET PRICES  

Science Journals Connector (OSTI)

CHEMICAL MARKET PRICES ... Compiled from weekly current price listings in the Oil, Paint and Drug Reporter , with permission of the publisher under its copyright. ...

1941-02-10T23:59:59.000Z

17

CHEMICAL MARKET PRICES  

Science Journals Connector (OSTI)

CHEMICAL MARKET PRICES ... Compiled from weekly current price listings in the Oil, Paint and Drug Reporter , with permission of the publisher under its copyright. ...

1941-03-10T23:59:59.000Z

18

OIL PRICE IMPACT ON FINANCIAL MARKETS: CO-SPECTRAL ANALYSIS FOR EXPORTING VERSUS IMPORTING COUNTRIES  

E-Print Network (OSTI)

OIL PRICE IMPACT ON FINANCIAL MARKETS: CO-SPECTRAL ANALYSIS FOR EXPORTING VERSUS IMPORTING://www.economie.polytechnique.edu/ mailto:chantal.poujouly@polytechnique.edu hal-00822070,version1-14May2013 #12;1 Oil price impact Khaled Guesmi3 Abstract The aim of this paper is to study the degree of interdependence between oil price

Boyer, Edmond

19

Oil and stock market activity when prices go up and down: the case of the oil and gas industry  

Science Journals Connector (OSTI)

We examine the asymmetric effects of daily oil price changes on equity returns, market betas, oil betas, return variances, and trading volumes for the US oil and gas industry. The responses of stock returns assoc...

Sunil K. Mohanty; Aigbe Akhigbe…

2013-08-01T23:59:59.000Z

20

Volume 29, Issue 2 On the short-term influence of oil price changes on stock markets in gcc  

E-Print Network (OSTI)

Volume 29, Issue 2 On the short-term influence of oil price changes on stock markets Rouen & LEO Abstract This paper examines the short-run relationships between oil prices and GCC stock to oil price shocks. To account for the fact that stock markets may respond nonlinearly to oil price

Paris-Sud XI, Université de

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


21

On the shortterm influence of oil price changes on stock markets in GCC countries: linear and nonlinear analyses  

E-Print Network (OSTI)

1 On the shortterm influence of oil price changes on stock markets in GCC countries the short-run relationships between oil prices and GCC stock markets. Since GCC countries are major world energy market players, their stock markets may be susceptible to oil price shocks. To account

Paris-Sud XI, Université de

22

Essays on oil price shocks and financial markets   

E-Print Network (OSTI)

This thesis is composed of three chapters, which can be read independently. The first chapter investigates how oil price volatility affects the investment decisions for a panel of Japanese firms. The model is estimated ...

Wang, Jiayue

2012-06-26T23:59:59.000Z

23

Crude Oil Prices  

Annual Energy Outlook 2012 (EIA)

Information AdministrationPetroleum Marketing Annual 2001 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

24

Crude Oil Prices  

U.S. Energy Information Administration (EIA) Indexed Site

Information AdministrationPetroleum Marketing Annual 2002 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

25

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

Information AdministrationPetroleum Marketing Annual 2000 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

26

Crude Oil Prices  

Annual Energy Outlook 2012 (EIA)

Information AdministrationPetroleum Marketing Annual 1999 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

27

Crude Oil Prices  

U.S. Energy Information Administration (EIA) Indexed Site

Information AdministrationPetroleum Marketing Annual 1998 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

28

The impact of oil price shocks on the stock market return and volatility relationship  

Science Journals Connector (OSTI)

Abstract This paper examines the impact of structural oil price shocks on the covariance of U.S. stock market return and stock market volatility. We construct from daily data on return and volatility the covariance of return and volatility at monthly frequency. The measures of daily volatility are realized-volatility at high frequency (normalized squared return), conditional-volatility recovered from a stochastic volatility model, and implied-volatility deduced from options prices. Positive shocks to aggregate demand and to oil-market specific demand are associated with negative effects on the covariance of return and volatility. Oil supply disruptions are associated with positive effects on the covariance of return and volatility. The spillover index between the structural oil price shocks and covariance of stock return and volatility is large and highly statistically significant.

Wensheng Kang; Ronald A. Ratti; Kyung Hwan Yoon

2015-01-01T23:59:59.000Z

29

Oil Prices, Stock Markets and Portfolio Investment: Evidence from Sector Analysis in Europe over the Last Decade  

E-Print Network (OSTI)

Oil Prices, Stock Markets and Portfolio Investment: Evidence from Sector Analysis in Europe over This article extends the understanding of oil­stock market relationships over the last turbulent decade. Unlike returns to oil price changes differ greatly depending on the activity sector. In the out

Paris-Sud XI, Université de

30

Oil price shocks and stock market returns: New evidence from the United States and China  

Science Journals Connector (OSTI)

Abstract This study examines the time-varying correlations between oil prices shocks of different types (supply-side, aggregate demand and oil-market specific demand as per Kilian (2009) who highlighted that “Not all oil shocks are alike”) and stock market returns, using a Scalar-BEKK model. For this study we consider the aggregate stock market indices from two countries, China and the US, reflecting the most important developing and developed financial markets in the world. In addition to the whole market, we also consider correlations from key selected industrial sectors, namely Metals & Mining, Oil & Gas, Retail, Technology and Banking. The sample period runs from 1995 until 2013. We highlight several key points: (i) correlations between oil price shocks and stock returns are clearly and systematically time-varying; (ii) oil shocks of different types show substantial variation in their impact upon stock market returns; (iii) these effects differ widely across industrial sectors; and finally (iv) China is seemingly more resilient to oil price shocks than the US.

David C. Broadstock; George Filis

2014-01-01T23:59:59.000Z

31

Price discovery in energy markets  

Science Journals Connector (OSTI)

Abstract In this study, we empirically analyze the price discovery process in the futures and spot markets for crude oil, heating oil and natural gas using daily closing prices. We use two different information share measures that are based on the methods proposed by Gonzalo and Granger (1995) and Lien and Shrestha (2014). Both measures indicate that almost all the price discovery takes place in the futures markets for the heating oil and natural gas. However, for the crude oil, the price discovery takes place both in the futures and spot markets. As a whole, our study indicates that futures markets play an important role in the price discovery process.

Keshab Shrestha

2014-01-01T23:59:59.000Z

32

Oil Price Volatility  

U.S. Energy Information Administration (EIA) Indexed Site

Speculation and Oil Price Volatility Speculation and Oil Price Volatility Robert J. Weiner Robert J. Weiner Professor of International Business, Public Policy & Professor of International Business, Public Policy & Public Administration, and International Affairs Public Administration, and International Affairs George Washington University; George Washington University; Membre Associ Membre Associ é é , GREEN, Universit , GREEN, Universit é é Laval Laval EIA Annual Conference Washington Washington 7 April 2009 7 April 2009 1 FACTORS DRIVNG OIL PRICE VOLATILITY FACTORS DRIVNG OIL PRICE VOLATILITY ► ► Market fundamentals Market fundamentals . . Fluctuations in supply, Fluctuations in supply, demand, and market power demand, and market power Some fundamentals related to expectations of Some fundamentals related to expectations of

33

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

20.86 20.67 20.47 20.24 20.32 19.57 See footnotes at end of table. 21. Domestic Crude Oil First Purchase Prices Energy Information Administration Petroleum Marketing Annual...

34

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

19.11 18.73 18.63 17.97 18.75 18.10 See footnotes at end of table. 21. Domestic Crude Oil First Purchase Prices Energy Information Administration Petroleum Marketing Annual...

35

Chapter 8 - An Econometric Analysis of the Impact of Oil Prices on Stock Markets in Gulf Cooperation Countries  

Science Journals Connector (OSTI)

Abstract This paper implements recent bootstrap panel cointegration techniques and Seemingly Unrelated Regression (SUR) methods to investigate the existence of a long-run relationship between oil prices and Gulf Cooperation Council (GCC) Countries stock markets. Since GCC countries are major world energy market players, their stock markets are likely to be susceptible to oil price shocks. Using two different (weekly and monthly) datasets covering, respectively, the periods from June 7, 2005 to October 21, 2008, and from January 1996 to December 2007, our investigation shows that there is evidence for cointegration of oil prices and stock markets in GCC countries, while the SUR results indicate that oil price increases have a positive impact on stock prices, except in Saudi Arabia.

Mohamed El Hedi Arouri; Christophe Rault

2014-01-01T23:59:59.000Z

36

Impact of Exogenous Shocks on Oil Product Market Prices  

Science Journals Connector (OSTI)

The presence in Italy of a high number of vertically integrated energy companies, has given us the idea to investigate the effects that adoption of new price policies, and geopolitical events, have on the mechani...

Antonio Angelo Romano; Giuseppe Scandurra

2011-01-01T23:59:59.000Z

37

Residential Heating Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

This chart highlights residential heating oil prices for the current and This chart highlights residential heating oil prices for the current and past heating season. As you can see, prices have started the heating season, about 40 to 50 cents per gallon higher than last year at this time. The data presented are from EIA's State Heating Oil and Propane Program. We normally collect and publish this data twice a month, but given the low stocks and high prices, we started tracking the prices weekly. These data will also be used to determine the price trigger mechanism for the Northeast Heating Oil Reserve. The data are published at a State and regional level on our web site. The slide is to give you some perspective of what is happening in these markets, since you probably will get a number of calls from local residents about their heating fuels bills

38

Regional Residential Heating Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

One of the first places where consumers are feeling the impact of One of the first places where consumers are feeling the impact of this winter's market pressures is in home heating oil prices. This chart shows prices through February 28, the most recent EIA data available. The general level of heating oil prices each year is largely a function of crude oil prices, and the price range over the course of the heating season is typically about 10 cents per gallon. Exceptions occur in unusual circumstances, such as very cold weather, large changes in crude oil prices, or supply problems. Heating oil prices for East Coast consumers started this winter at just over $1 per gallon, but rising crude oil prices drove them up nearly 21 cents through mid-January. With the continuing upward pressure from crude oil markets, magnified by a regional shortfall of heating oil

39

Regional Residential Heating Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

Slide 2 of 11 Notes: One of the first places where consumers are feeling the impact of this winterÂ’s market pressures is in home heating oil prices. This chart shows prices through February 7, the most recent EIA data available. The general level of heating oil prices each year is largely a function of crude oil prices, and the price range over the course of the heating season is typically about 10 cents per gallon. Exceptions occur in unusual circumstances, such as very cold weather, large changes in crude oil prices, or supply problems. Heating oil prices for East Coast consumers started this winter at just over $1 per gallon, but rising crude oil prices drove them up nearly 21 cents per gallon through mid-January. With the continuing upward pressure from crude oil markets, magnified by a regional shortfall of

40

Understanding Crude Oil Prices  

E-Print Network (OSTI)

2004. “OPEC’s Optimal Crude Oil Price,” Energy Policy 32(2),percent change in real oil price. Figure 3. Price of crude023 Understanding Crude Oil Prices James D. Hamilton June

Hamilton, James Douglas

2008-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


41

Understanding Crude Oil Prices  

E-Print Network (OSTI)

2004. “OPEC’s Optimal Crude Oil Price,” Energy Policy 32(2),percent change in real oil price. Figure 3. Price of crudein predicting quarterly real oil price change. variable real

Hamilton, James Douglas

2008-01-01T23:59:59.000Z

42

Energy and Financial Markets Overview: Crude Oil Price Formation  

U.S. Energy Information Administration (EIA) Indexed Site

John Maples John Maples 2011 EIA Energy Conference April 26, 2011 Transportation and the Environment Light-duty vehicle combined Corporate Average Fuel Economy Standards (CAFE) in three cases, 2005-2035 2 0 20 40 60 80 2005 2010 2015 2020 2025 2030 2035 miles per gallon Source: EIA, Annual Energy Outlook 2011 CAFE6 CAFE3 Reference John Maples, April 26, 2011 Light-duty vehicle delivered energy consumption and total transportation carbon dioxide emissions, 2005-2035 3 0 5 10 15 20 2005 2010 2015 2020 2025 2030 2035 Reference CAFE3 CAFE6 quadrillion Btu 0 500 1000 1500 2000 2500 2005 2010 2015 2020 2025 2030 2035 million metric tons carbon dioxide equivalent Source: EIA, Annual Energy Outlook 2011 John Maples, April 26, 2011 Distribution of new light-duty vehicle sales by price, 2010 and 2025 (2009$) 4 Source: EIA, Annual Energy Outlook 2011

43

Speculative trading and oil price dynamic: A study of the WTI market  

Science Journals Connector (OSTI)

The aim of this paper is to study the oil price dynamic in West Texas Intermediate (WTI) market in the US. By using statistical and econometric tools, we first attempt to identify the long term relationship between WTI spot prices and the prices of futures contracts on the New York Mercantile Exchange (NYMEX). Subsequently we model the short term dynamic between these two prices and this analysis points up several breaks. On this basis, a short term Markov Switching Vectorial Error Correction model (MS-VECM) with two distinct states (standard state and crisis state) has been estimated. Finally we introduce the volumes of transactions observed on the NYMEX for the WTI contracts and we estimate the influence of the non-commercial players. We conclude that the hypothesis of an influence of non-commercial players on the probability for being in the crisis state cannot be rejected. In addition, we show that the rise in liquidity of the first financial contracts, as measured by the volume of open interest, is a key element to understand the dynamics in market prices.

Emmanuel Hache; Frédéric Lantz

2013-01-01T23:59:59.000Z

44

Understanding Crude Oil Prices  

E-Print Network (OSTI)

2004. “OPEC’s Optimal Crude Oil Price,” Energy Policy 32(2),023 Understanding Crude Oil Prices James D. Hamilton Junedirectly. Understanding Crude Oil Prices* James D. Hamilton

Hamilton, James Douglas

2008-01-01T23:59:59.000Z

45

World Oil: Market or Mayhem?  

E-Print Network (OSTI)

The world oil market is regarded by many as a puzzle. Why are oil prices so volatile? What is OPEC and what does OPEC do? Where are oil prices headed in the long run? Is “peak oil” a genuine concern? Why did oil prices ...

Smith, James L.

2008-01-01T23:59:59.000Z

46

Volatility spillover effect of emerging markets and economic growth versus oil price volatility : the case of the Gulf Co-operation Council countries.  

E-Print Network (OSTI)

??The relationship between stock markets returns, economic growth and oil price volatility has been an issue of considerable debate. While there are many studies showing… (more)

Fayyad, Abdallah

2013-01-01T23:59:59.000Z

47

The level crossing analysis of German stock market index (DAX) and daily oil price time series  

E-Print Network (OSTI)

The level crossing analysis of DAX and oil price time series are given. We determine the average frequency of positive-slope crossings, $\

Shayeganfar, F; Peinke, J; Tabar, M Reza Rahimi

2010-01-01T23:59:59.000Z

48

Influence of oil prices on stock market indexes in Russia and Norway  

Science Journals Connector (OSTI)

The effects of oil price dynamics on share quotations are discussed in ... paper for the 2000–2012 period for two oil exporting countries—Russia and Norway. It has ... , that, in spite of intuitive expectations,

I. A. Kopytin

2014-01-01T23:59:59.000Z

49

A Model of the Oil Prices' Return Rate Threshold for the Two Stock Market Returns: An Evidence Study of the U.S. and Canada's Stock Markets  

Science Journals Connector (OSTI)

The empirical results show that the dynamic conditional correlation (DCC) and the bivariate asymmetric-IGARCH (1, 1) model is appropriate in evaluating the relationship of the U.S. and the Canada’s stock markets. The empirical result also indicates ... Keywords: Stock market returns, oil price, asymmetric effect, GJR-GARCH model, bivariate asymmetric-GARCH model

Wann-Jyi Horng; Ju-Lan Tsai; Yung-Chin Chiu

2009-11-01T23:59:59.000Z

50

Effect of Oil Price Volatility on Tunisian Stock Market at Sector-level and Effectiveness of Hedging Strategy  

Science Journals Connector (OSTI)

Abstract In this work, our objective is to study in a first step links and interaction between oil and stock markets in Tunisia in terms of volatility at the sector-level, and then in a second step to determine the best hedging strategy for oil-stock portfolio against the risk of negative variation in stock market prices. Our methodology consist to model the data by a bivariate GARCH model to capture the effect in terms of volatility in the variation of the oil price on the different sector index, and to use the conditional variances and conditional correlation to calculate the hedging ratio and determinate the best hedging strategy. The empirical results indicate that the majority of relationships are unidirectional from the oil market to Tunisian stock market, and the conditional variance of a stock sector returns is affected not only by the volatility surprises of the stock market, but also by those of oil market. The model GARCH-BEKK is more effective than the others versions to minimize the risk of oil-stock portfolio.

Wajdi Hamma; Anis Jarboui; Ahmed Ghorbel

2014-01-01T23:59:59.000Z

51

The effect of the financial sector on the evolution of oil prices: Analysis of the contribution of the futures market to the price discovery process in the WTI spot market  

Science Journals Connector (OSTI)

The aim of this article is to empirically measure the contribution of the futures market to the price discovery process in the spot market for benchmark crude oils, specifically that for West Texas Intermediate (WTI). For this purpose, we test the hypothesis that the recent evolution of the financial markets has affected the future oil market so as to increase its contribution to the price discovery process of the spot market. We modeled the relation between WTI spot and future prices as a cointegration relation. By using the Kalman filter technique, it was possible to obtain a time-varying measure of the contribution of future markets to the price discovery mechanism. The results show that in the case of WTI, the contribution of the futures market has been increasing, especially between 2003 and 2008 and then again after the start of 2009, evidencing the growing importance of factors particular to the financial markets in determining oil prices in recent years. During 2009, the spot prices adjusted to agents' future expectations rather than to the current supply and demand conditions.

Renan Silvério; Alexandre Szklo

2012-01-01T23:59:59.000Z

52

Residential heating oil price  

Annual Energy Outlook 2012 (EIA)

heating oil price decreases The average retail price for home heating oil fell 6.3 cents from a week ago to 2.91 per gallon. That's down 1.10 from a year ago, based on the...

53

Residential heating oil price  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil price decreases The average retail price for home heating oil fell 7.5 cents from a week ago to 2.84 per gallon. That's down 1.22 from a year ago, based on the...

54

Residential heating oil price  

NLE Websites -- All DOE Office Websites (Extended Search)

heating oil price decreases The average retail price for home heating oil fell 7.6 cents from a week ago to 2.97 per gallon. That's down 1.05 from a year ago, based on the...

55

Residential heating oil price  

NLE Websites -- All DOE Office Websites (Extended Search)

heating oil price decreases The average retail price for home heating oil fell 3.6 cents from a week ago to 3.04 per gallon. That's down 99.4 cents from a year ago, based on the...

56

Steadying of oil prices  

Science Journals Connector (OSTI)

Oil prices have fallen below the 30 dollar mark ... in the lower half of OPEC’s target price band. Will OPEC manage to maintain high prices and revenues by restricting production?

Klaus Matthies

57

First Factor Impacting Distillate Prices: Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

8 8 Notes: World oil prices have tripled from their low point in December 1998 to August this year, pulling product prices up as well. But crude prices are expected to show a gradual decline as increased oil production from OPEC and others enters the world oil market. We won't likely see much decline this year, however, as prices are expected to end the year at about $30 per barrel. The average price of WTI was almost $30 per barrel in March, but dropped to $26 in April as the market responded to the additional OPEC production. However, prices strengthened again, averaging almost $32 in June, $30 in July, and $31 in August. The continued increases in crude oil prices indicate buyers are having trouble finding crude oil, bidding higher prices to obtain the barrels available.

58

Wheat and corn prices and energy markets: spillover effects  

Science Journals Connector (OSTI)

This paper investigates volatility spillover across crude oil market and wheat and corn markets. The corn commodity is taken here to assess the impact of change in demand for biofuel on wheat market. Results of multivariate GARCH model show evidence of corn price volatility transmission to wheat market. Our results indicate that while shocks (unexpected news) in crude oil market have significant impact on volatility in wheat and corn markets, the effect of crude oil price changes on wheat and corn prices is insignificant. The impulse response analysis also indicates shocks in oil markets have permanent effect on wheat and corn price changes. This reveals the influence of future crude oil markets on global food price volatility. Also indicated that fertilisers markets influenced by own-shocks and shocks in oil markets. Thus, shocks in crude oil markets have direct and indirect effects (via fertilisers markets) on food commodity markets.

Ibrahim A. Onour; Bruno S. Sergi

2012-01-01T23:59:59.000Z

59

Crude Oil Prices Table 21. Domestic Crude Oil First Purchase...  

Annual Energy Outlook 2012 (EIA)

Information Administration Petroleum Marketing Annual 1995 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

60

Oil Prices, Volatility, and Shocks: A Survey  

Science Journals Connector (OSTI)

This paper surveys the literature on the economic effects of oil market developments. It assesses the economic theory behind oil price impacts and presents how the existing literature has analysed the link betwee...

Ulrich Oberndorfer

2014-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


61

Table 19. U.S. Refiner Residual Fuel Oil Prices  

U.S. Energy Information Administration (EIA) Indexed Site

Prices," source for backcast estimates prior to January 1983. 19. U.S. Refiner Residual Fuel Oil Prices 36 Energy Information Administration Petroleum Marketing Annual 1996...

62

Table 19. U.S. Refiner Residual Fuel Oil Prices  

U.S. Energy Information Administration (EIA) Indexed Site

Prices," source for backcast estimates prior to January 1983. 19. U.S. Refiner Residual Fuel Oil Prices 36 Energy Information Administration Petroleum Marketing Annual 1997...

63

Crude Oil, Heating Oil, and Propane Market Outlook  

Gasoline and Diesel Fuel Update (EIA)

Oil, Heating Oil, and Propane Market Outlook Oil, Heating Oil, and Propane Market Outlook 8/13/01 Click here to start Table of Contents Crude Oil, Heating Oil, and Propane Market Outlook Short-Term World Oil Price Forecast Price Movements Related to Supply/Demand Balance OPEC Production Likely To Remain Low U.S. Reflects World Market Crude Oil Outlook Conclusions Distillate Prices Increase With Crude Oil Distillate Stocks on the East Coast Were Very Low Entering Last Winter Distillate Demand Strong Last Winter More Supply Possible This Fall than Forecast Distillate Fuel Oil Imports Could Be Available - For A Price Distillate Supply/Demand Balance Reflected in Spreads Distillate Stocks Expected to Remain Low Winter Crude Oil and Distillate Price Outlook Heating Oil Outlook Conclusion Propane Prices Follow Crude Oil

64

Oil Market Assessment  

Gasoline and Diesel Fuel Update (EIA)

Logo Oil Market Assessment - September Logo Oil Market Assessment - September 12, 2001 EIA Home Page Based on Energy Information Administration (EIA) contacts and trade press reports, overall U.S. and global oil supplies appear to have been minimally impacted by yesterday's terrorist attacks on the World Trade Center and the Pentagon. Rumors of scattered closures of U.S. refineries, pipelines, and terminals were reported, and Louisiana Offshore Oil Port operations were partially suspended. While the NYMEX and New York Harbor were temporarily closed, operations are expected to resume soon. Most, if not all petroleum industry infrastructure is expected to resume normal operations today or in the very near term. Prices at all levels (where markets were open) posted increases yesterday, but many prices fell today, as initial reactions

65

The relationship between oil prices and the Nigerian stock market. An analysis based on fractional integration and cointegration  

Science Journals Connector (OSTI)

Abstract We examine the relationship between oil prices and the stock market in Nigeria. We focus on the degree of persistence of the series, and based on the similarities observed between the two series, a fractionally cointegrated framework is proposed. The results indicate that the two series display a similar order of integration, which is close to, although above 1. Testing for cointegration, this is decisively rejected since the order of integration in the equilibrium relationship was similar to that of the individual series. However, testing for long memory with oil prices acting as a weakly exogenous regressor, we obtained significant evidence of a positive relationship between the two variables though with a short memory effect, this relation being significant only during the following three months.

Luis A. Gil-Alana; OlaOluwa S. Yaya

2014-01-01T23:59:59.000Z

66

Spot Distillate & Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

5 5 Notes: Retail distillate prices follow the spot distillate markets, and crude oil prices have been the main driver behind distillate spot price increases until recently. Crude oil rose about 36 cents per gallon from its low point in mid February 1999 to the middle of January 2000. Over this same time period, New York Harbor spot heating oil had risen about 42 cents per gallon, reflecting both the crude price rise and a return to a more usual seasonal spread over the price of crude oil. The week ending January 21, heating oil spot prices in the Northeast spiked dramatically to record levels, closing on Friday at $1.26 per gallon -- up 50 cents from the prior week. Gulf Coast prices were not spiking, but were probably pulled slightly higher as the New York Harbor market began to

67

Factors Influencing Oil Prices: A Survey of the Current State...  

Annual Energy Outlook 2012 (EIA)

Hamilton (2009a) points out, as have numerous other authors surveying the oil market (Smith, 2009; Fattouh, 2007), that to understand short run oil price behavior one must...

68

U.S. Residential Heating Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

5 5 Notes: One of the first places where consumers are feeling the impact of this winterÂ’s market pressures is in home heating oil prices. This chart shows prices for the last four winters, with this yearÂ’s prices shown through January 24, the most recent EIA data available. The general level of heating oil prices each year is largely a function of crude oil prices, and the price range over the course of the heating season is typically about 10 cents per gallon. Exceptions occur in unusual circumstances, such as very cold weather, large changes in crude oil prices, or supply problems. Although heating oil prices for consumers started this winter at similar levels to those in 1997, they already rose nearly 20 cents per gallon through mid-January. With the continuing upward pressure from crude

69

Causes, Magnitude and Consequences of Price Variability in Agricultural Commodity Market: An African Perspective  

E-Print Network (OSTI)

­ unbridled population growth, oil price fluctuations, importation policies, water availability and political market, hunger, undernourishment in Africa, food productivity, population growth, oil price, importation1 Causes, Magnitude and Consequences of Price Variability in Agricultural Commodity Market

70

OPEC agrees to lower oil prices, production  

Science Journals Connector (OSTI)

OPEC agrees to lower oil prices, production ... The attempt to stabilize prices and salvage some of OPEC's eroding control of the world oil market forced the cartel to make the first price cut in its history. ... U.S. government officials, predicting that the price ultimately would fall to between $25 and $27 per barrel from the new benchmark level of $29, said the new price would increase domestic production of goods and services 0.4% and cut consumer prices in the U.S. nearly 1.0%. ...

1983-03-21T23:59:59.000Z

71

Retail Heating Oil and Diesel Fuel Prices  

Gasoline and Diesel Fuel Update (EIA)

Because of the higher projected crude oil prices and because of Because of the higher projected crude oil prices and because of increased tightening in the Northeast heating oil market since the last Outlook, we now expect prices this winter for residential heating oil deliveries to peak at $1.52 per gallon in January. This is significantly above the monthly peak reached last winter. Because these figures are monthly averages, we expect some price movements for a few days to be above the values shown on the graph. This winter's expected peak price would be the highest on record in nominal terms, eclipsing the high set in February 2000. However, in real (constant dollar) terms, both of these prices remain well below the peak reached in March 1981, when the average residential heating oil price was $1.29 per gallon, equivalent to over $2.50 per gallon today.

72

Fact #742: August 27, 2012 Oil Price and Economic Growth  

Energy.gov (U.S. Department of Energy (DOE))

Major oil price shocks have disrupted world energy markets five times in the past 30 years (1973-74, 1979-80, 1990-91, 1999-2000, and 2008). Most of the oil price shocks were followed by an...

73

Competition and price asymmetries in the Greek oil sector: an empirical analysis on gasoline market  

Science Journals Connector (OSTI)

This article attempts to investigate the issue of asymmetries in the transmission of shocks to input prices and exchange rate onto the wholesale and retail price of gasoline respectively. For this purpose, we ...

Michael L. Polemis

2012-10-01T23:59:59.000Z

74

Residential heating oil prices decrease  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil prices decrease The average retail price for home heating oil fell 1.7 cents from a week ago to 4.02 per gallon. That's up 1.7 cents from a year ago, based on the...

75

Residential heating oil price decreases  

Annual Energy Outlook 2012 (EIA)

heating oil price decreases The average retail price for home heating oil fell 7.8 cents from a week ago to 3.14 per gallon. That's down 81.1 cents from a year ago, based on the...

76

Residential heating oil price decreases  

Annual Energy Outlook 2012 (EIA)

heating oil price decreases The average retail price for home heating oil fell 10.5 cents from a week ago to 3.22 per gallon. That's down 73.6 cents from a year ago, based on the...

77

Residential heating oil price decreases  

Gasoline and Diesel Fuel Update (EIA)

heating oil price decreases The average retail price for home heating oil fell 1.8 cents from a week ago to 2.82 per gallon. That's down 1.36 from a year ago, based on the...

78

Residential heating oil prices decline  

Annual Energy Outlook 2012 (EIA)

heating oil price decreases The average retail price for home heating oil fell 2 cents from a week ago to 3.36 per gallon. That's down 52.5 cents from a year ago, based on the...

79

Residential heating oil prices increase  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil prices increase The average retail price for home heating oil rose 3.9 cents last week to 3.96 per gallon. That's down 2.6 cents from a year ago, based on the...

80

Residential heating oil price decreases  

NLE Websites -- All DOE Office Websites (Extended Search)

05, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to 3.43 per gallon. That's down 39 cents from a year...

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


81

Residential heating oil price decreases  

U.S. Energy Information Administration (EIA) Indexed Site

4 Residential heating oil price decreases The average retail price for home heating oil fell 1.6 cents from a week ago to 3.42 per gallon. That's down 39.5 cents from a year ago,...

82

Residential heating oil prices decrease  

Annual Energy Outlook 2012 (EIA)

heating oil price decreases The average retail price for home heating oil fell 2.9 cents from a week ago to 3.45 per gallon. That's down 36.6 cents from a year ago, based on the...

83

Residential heating oil prices decline  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil price decreases The average retail price for home heating oil fell 3.3 cents from a week ago to 3.38 per gallon. That's down 43.9 cents from a year ago, based on the...

84

Residential heating oil prices increase  

U.S. Energy Information Administration (EIA) Indexed Site

5, 2014 Residential heating oil prices increase The average retail price for home heating oil rose 6.5 cents from a week ago to 4.24 per gallon. That's up 14.9 cents from a year...

85

Residential heating oil price decreases  

NLE Websites -- All DOE Office Websites (Extended Search)

6, 2014 Residential heating oil price decreases The average retail price for home heating oil rose 1.6 cents from a week ago to 4.24 per gallon. That's up 8.9 cents from a year...

86

Residential heating oil prices decline  

Annual Energy Outlook 2012 (EIA)

heating oil price decreases The average retail price for home heating oil fell 6.3 cents from a week ago to 3.08 per gallon. That's down 90.3 cents from a year ago, based on the...

87

Residential heating oil price decreases  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil price decreases The average retail price for home heating oil fell 3.8 cents from a week ago to 3.33 per gallon. That's down 59.1 cents from a year ago, based on the...

88

Residential heating oil prices increase  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil prices increase The average retail price for home heating oil rose 5.4 cents from a week ago to 4.04 per gallon. That's up 4.9 cents from a year ago, based on the...

89

Residential heating oil prices increase  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil prices increase The average retail price for home heating oil rose 2.9 cents from a week ago to 3.98 per gallon. That's up 6-tenths of a penny from a year ago, based...

90

Residential heating oil prices increase  

U.S. Energy Information Administration (EIA) Indexed Site

3, 2014 Residential heating oil prices increase The average retail price for home heating oil rose 4.4 cents from a week ago to 4.06 per gallon. That's up 4.1 cents from a year...

91

Residential heating oil prices decline  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil prices decline The average retail price for home heating oil is 3.48 per gallon. That's down 4.5 cents from a week ago, based on the residential heating fuel survey by...

92

Residential heating oil prices decrease  

U.S. Energy Information Administration (EIA) Indexed Site

5, 2014 Residential heating oil prices decrease The average retail price for home heating oil fell 1.8 cents from a week ago to 4.00 per gallon. That's down 2-tenths of a cent...

93

Residential heating oil prices increase  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil prices increase The average retail price for home heating oil rose 12 cents from a week ago to 4.18 per gallon. That's up 13 cents from a year ago, based on the...

94

Short-Term World Oil Price Forecast  

Gasoline and Diesel Fuel Update (EIA)

4 4 Notes: This graph shows monthly average spot West Texas Intermediate crude oil prices. Spot WTI crude oil prices peaked last fall as anticipated boosts to world supply from OPEC and other sources did not show up in actual stocks data. So where do we see crude oil prices going from here? Crude oil prices are expected to be about $28-$30 per barrel for the rest of this year, but note the uncertainty bands on this projection. They give an indication of how difficult it is to know what these prices are going to do. Also, EIA does not forecast volatility. This relatively flat forecast could be correct on average, with wide swings around the base line. Let's explore why we think prices will likely remain high, by looking at an important market barometer - inventories - which measures the

95

Retail Heating Oil and Diesel Fuel Prices  

Gasoline and Diesel Fuel Update (EIA)

9 9 Notes: Because of the higher projected crude oil prices and because of increased tightening in the Northeast heating oil market since the last Outlook, we now expect prices this winter for residential heating oil deliveries to peak at about $1.52 per gallon in January. This is significantly above the monthly peak reached last winter. Because these figures are monthly averages, we expect some price movements for a few days to be above the values shown on the graph. This winter's expected peak price would be the highest on record in nominal terms, eclipsing the high set in February 2000. However, in real (constant dollar) terms, both of these prices remain well below the peak reached in March 1981, when the average residential heating oil price was $1.29 per gallon, equivalent to over $2.50 per gallon today.

96

Are there really bubbles in oil prices?  

Science Journals Connector (OSTI)

Abstract The aim of this paper is to identify bubbles in oil prices by using the “exponential fitting” methodology proposed by Watanabe et al. (2007)  [28,29]. We use the daily US dollar closing crude oil prices of West Texas Intermediate (WTI) covering the 1986:01:02–2013:07:09 and the Brent for the 1987:05:20–2013:07:09 periods. The distinguishing feature of this study from the previous studies is that this is the first study in the literature showing the existence of bubbles in crude oil prices. We found that there are four distinct periods of persistent bubbles in the crude oil prices since 1986. Two of these persistent bubbles are before 2000 and two of them are after 2000. We conclude that further research is needed to understand better how futures markets may impact the oil price formation.

Mehmet Balcilar; Zeynel Abidin Ozdemir; Hakan Yetkiner

2014-01-01T23:59:59.000Z

97

International Energy Outlook 2001 - World Oil Markets  

Gasoline and Diesel Fuel Update (EIA)

World Oil Markets World Oil Markets picture of a printer Printer Friendly Version (PDF) In the IEO2001 forecast, periodic production adjustments by OPEC members are not expected to have a significant long-term impact on world oil markets. Prices are projected to rise gradually through 2020 as the oil resource base is expanded. Crude oil prices remained above $25 per barrel in nominal terms for most of 2000 and have been near $30 per barrel in the early months of 2001. Prices were influenced by the disciplined adherence to announced cutbacks in production by members of the Organization of Petroleum Exporting Countries (OPEC). OPECÂ’s successful market management strategy was an attempt to avoid a repeat of the ultra-low oil price environment of 1998 and early 1999. Three additional factors contributed to the resiliency of oil prices in

98

Retail Diesel Fuel Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

Along with heating oil prices, the distillate supply squeeze has Along with heating oil prices, the distillate supply squeeze has severely impacted diesel fuel prices, especially in the Northeast. Diesel fuel is bascially the same product as home heating oil. The primary difference is that diesel has a lower sulfur content. When heating oil is in short supply, low sulfur diesel fuel can be diverted to heating oil supply. Thus, diesel fuel prices rise with heating heating oil prices. Retail diesel fuel prices nationally, along with those of most other petroleum prices, increased steadily through most of 1999. But prices in the Northeast jumped dramatically in the third week of January. Diesel fuel prices in New England rose nearly 68 cents per gallon, or 47 percent, between January 17 and February 7. While EIA does not have

99

Table 21. Domestic Crude Oil First Purchase Prices  

U.S. Energy Information Administration (EIA) Indexed Site

Information Administration Petroleum Marketing Annual 1995 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

100

Table 21. Domestic Crude Oil First Purchase Prices  

U.S. Energy Information Administration (EIA) Indexed Site

Information AdministrationPetroleum Marketing Annual 1999 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


101

Table 21. Domestic Crude Oil First Purchase Prices  

U.S. Energy Information Administration (EIA) Indexed Site

Information AdministrationPetroleum Marketing Annual 1998 41 Table 21. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) - Continued Year Month PAD District II...

102

Crude Oil and Gasoline Price Monitoring  

Gasoline and Diesel Fuel Update (EIA)

What drives crude oil prices? What drives crude oil prices? November 13, 2013 | Washington, DC An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly Crude oil prices react to a variety of geopolitical and economic events November 13, 2013 2 price per barrel (real 2010 dollars, quarterly average) Low spare capacity Iraq invades Kuwait Saudis abandon swing producer role Iran-Iraq War Iranian revolution Arab Oil Embargo Asian financial crisis U.S. spare capacity exhausted Global financial collapse 9-11 attacks OPEC cuts targets 1.7 mmbpd OPEC cuts targets 4.2 mmbpd Sources: U.S. Energy Information Administration, Thomson Reuters 0 20 40 60 80 100 120 140 1970 1975 1980 1985 1990 1995 2000 2005 2010 imported refiner acquisition cost of crude oil

103

International Energy Outlook 1999 - World Oil Markets  

Gasoline and Diesel Fuel Update (EIA)

oil.gif (4669 bytes) oil.gif (4669 bytes) A moderate view of future oil market developments is reflected in IEO99. Sustained high levels of oil prices are not expected, whereas continued expansion of the oil resource base is anticipated. The crude oil market was wracked with turbulence during 1998, as prices fell by one-third on average from 1997 levels. Even without adjusting for inflation, the world oil price in 1998 was the lowest since 1973. The declining oil prices were influenced by an unexpected slowdown in the growth of energy demand worldwide—less than any year since 1990—and by increases in oil supply, particularly in 1997. Although the increase in world oil production in 1998 was smaller than in any year since 1993, efforts to bolster prices by imposing further limits on production were

104

Retail Diesel Fuel Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

Along with heating oil prices, the distillate supply squeeze has Along with heating oil prices, the distillate supply squeeze has severely impacted diesel fuel prices, especially in the Northeast. Retail diesel price data are available sooner than residential heating oil data. This graph shows that diesel prices turned the corner sometime after February 7 and are heading down. Retail diesel fuel prices nationally, along with those of most other petroleum prices, increased steadily through most of 1999. Prices jumped dramatically (by over 11 cents per gallon) in the third week of January, and rose 2 or more cents a week through February 7. The increases were much more rapid in the Northeast. From January 17 through February 7, diesel fuel prices in New England rose nearly 68 cents per gallon, or 47 percent. Prices in the Mid-Atlantic region rose about 58

105

Oil Prices and Long-Run Risk.  

E-Print Network (OSTI)

??I show that relative levels of aggregate consumption and personal oil consumption provide anexcellent proxy for oil prices, and that high oil prices predict low… (more)

READY, ROBERT

2011-01-01T23:59:59.000Z

106

Residential heating oil prices available  

NLE Websites -- All DOE Office Websites (Extended Search)

ago, based on the U.S. Energy Information Administration's weekly residential heating fuel price survey. Heating oil prices in the New England region are at 3.48 per gallon,...

107

Microsoft Word - high-oil-price.doc  

Gasoline and Diesel Fuel Update (EIA)

Short Term Energy Outlook Short Term Energy Outlook 1 STEO Supplement: Why are oil prices so high? During most of the 1990s, the West Texas Intermediate (WTI) crude oil price averaged close to $20 per barrel, before plunging to almost $10 per barrel in late 1998 as a result of the Asian financial crisis slowing demand growth while extra supply from Iraq was entering the market for the first time since the Gulf War. Subsequently, as Organization of Petroleum Exporting Countries (OPEC) producers more closely adhered to a coordinated production quota and reduced output, crude oil prices not only recovered, but increased to about $30 per barrel as demand grew as Asian economies recovered. The most recent increase in crude oil prices began in 2004, when they almost doubled from 2003 levels, rising from about $30 per barrel at the end

108

Winter Residential Heating Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

7 7 Notes: Residential heating oil prices reflect a similar pattern to that shown in spot prices. However, like other retail petroleum prices, they tend to lag changes in wholesale prices in both directions, with the result that they don't rise as rapidly or as much, but they take longer to recede. This chart shows the residential heating oil prices collected under the State Heating Oil and Propane Program (SHOPP), which only runs during the heating season, from October through March. The spike in New York Harbor spot prices last winter carried through to residential prices throughout New England and the Central Atlantic states. Though the spike actually lasted only a few weeks, residential prices ended the heating season well above where they had started.

109

Gasoline Prices Also Influenced by Regional Gasoline Product Markets  

Gasoline and Diesel Fuel Update (EIA)

1 1 Notes: Next we examine the wholesale market's added contribution to gasoline price variation and analyze the factors that impact the gasoline balance. There are two points to take away from this chart: The U.S. market moves with the world market, as can be seen with the high inventories in 1998, being drawn down to low levels during 1999. Crude and product markets are not independent. Crude oil and product markets move together fairly closely, with some lead/lag effects during transitions. The relationship between international crude oil markets and domestic product markets raises another issue. A subtle, but very important point, lost in recent discussions of gasoline price increases: The statement has been made that crude markets are not a factor in this past spring's high gasoline prices, since crude prices were

110

Table 23. Domestic Crude Oil First Purchase Prices by API Gravity  

U.S. Energy Information Administration (EIA) Indexed Site

EIA-182, "Domestic Crude Oil First Purchase Report." 23. Domestic Crude Oil First Purchase Prices by API Gravity Energy Information Administration Petroleum Marketing Annual 1996...

111

Table 23. Domestic Crude Oil First Purchase Prices by API Gravity  

Gasoline and Diesel Fuel Update (EIA)

"Domestic Crude Oil First Purchase Report." 23. Domestic Crude Oil First Purchase Prices by API Gravity Energy Information Administration Petroleum Marketing Annual 1997...

112

Oil Prices and Terms of Trade.  

E-Print Network (OSTI)

?? One of the central issues in international macroeconomics is relative price movements and their sources. One such price is the price of crude oil.… (more)

Mirfacihi, Azar

2006-01-01T23:59:59.000Z

113

Spot Distillate & Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

mid-January, 2000. WTI crude oil price rose about $17 per mid-January, 2000. WTI crude oil price rose about $17 per barrel or 40 cents per gallon from its low point in mid February 1999 to January 17, 2000. Over this same time period, New York Harbor spot heating oil had risen about 42 cents per gallon, reflecting both the crude price rise and the beginning of a return to a more usual seasonal spread over the price of crude oil. The week ending January 21, distillate spot prices in the Northeast spiked dramatically to record levels, closing on Friday at $1.26 per gallon -- up 50 cents from the prior week. Gulf Coast prices were not spiking, but were probably pulled higher as the New York Harbor market began to draw on product from other areas. They closed at 83 cents per gallon, an increase of 11 cents from the prior Friday. Crude oil had risen about 4 cents from

114

Oil Price Trackers Inspired by Immune Memory  

E-Print Network (OSTI)

We outline initial concepts for an immune inspired algorithm to evaluate and predict oil price time series data. The proposed solution evolves a short term pool of trackers dynamically, with each member attempting to map trends and anticipate future price movements. Successful trackers feed into a long term memory pool that can generalise across repeating trend patterns. The resulting sequence of trackers, ordered in time, can be used as a forecasting tool. Examination of the pool of evolving trackers also provides valuable insight into the properties of the crude oil market.

Wilson, WIlliam; Aickelin, Uwe

2010-01-01T23:59:59.000Z

115

Linking Oil Prices, Gas Prices, Economy, Transport, and Land Use  

E-Print Network (OSTI)

Linking Oil Prices, Gas Prices, Economy, Transport, and Land Use A Review of Empirical Findings Hongwei Dong, Ph.D. Candidate John D. Hunt, Professor John Gliebe, Assistant Professor #12;Framework Oil-run Short and Long-run #12;Topics covered by this presentation: Oil price and macro-economy Gas price

Bertini, Robert L.

116

Retail Heating Oil and Diesel Fuel Prices  

Gasoline and Diesel Fuel Update (EIA)

7 7 Notes: Because of the higher projected crude oil prices and because of increased tightening in the Northeast heating oil market since the last Outlook, we have raised expected peak prices this winter for residential heating oil deliveries to $1.55 per gallon (January) compared to $1.43 per gallon in last month's projections. This is significantly above the monthly peak reached last winter. Because these figures are monthly averages, we expect some price movements for a few days to be above the values shown on the graph. Primary distillate inventories in the United States failed to rise significantly in November despite some speculation that previous distributions into secondary and tertiary storage would back up burgeoning production and import volumes into primary storage that month. Average

117

Modelling oil price volatility with structural breaks  

Science Journals Connector (OSTI)

In this paper, we provide two main innovations: (i) we analyze oil prices of two prominent markets namely West Texas Intermediate (WTI) and Brent using the two recently developed tests by Narayan and Popp (2010) and Liu and Narayan, 2010 both of which allow for two structural breaks in the data series; and (ii) the latter method is modified to include both symmetric and asymmetric volatility models. We identify two structural breaks that occur in 1990 and 2008 which coincidentally correspond to the Iraqi/Kuwait conflict and the global financial crisis, respectively. We find evidence of persistence and leverage effects in the oil price volatility. While further extensions can be pursued, the consideration of asymmetric effects as well as structural breaks should not be jettisoned when modelling oil price volatility.

Afees A. Salisu; Ismail O. Fasanya

2013-01-01T23:59:59.000Z

118

Figure 4. World Oil Prices  

U.S. Energy Information Administration (EIA) Indexed Site

4. World Oil Prices" " (2007 dollars per barrel)" ,2007,2008,2009,2010,2011,2012,2013,2014,2015,2016,2017,2018,2019,2020,2021,2022,2023,2024,2025,2026,2027,2028,2029,2030...

119

Price discovery in crude oil futures  

Science Journals Connector (OSTI)

Abstract This study examines price discovery among the two most prominent price benchmarks in the market for crude oil, WTI sweet crude and Brent sweet crude. Using data on the most active futures contracts measured at the one-second frequency, we find that WTI maintains a dominant role in price discovery relative to Brent, with an estimated information share in excess of 80%, over a sample from 2007 to 2012. Our analysis is robust to different decompositions of the sample, over pit-trading sessions and non-pit trading sessions, segmentation of days associated with major economic news releases, and data measured to the millisecond. We find no evidence that the dominant role of WTI in price discovery is diminished by the price spread between Brent that emerged in 2008.

John Elder; Hong Miao; Sanjay Ramchander

2014-01-01T23:59:59.000Z

120

Understanding Crude Oil Prices  

E-Print Network (OSTI)

2007”. comparison, Mexico used 6.6— Chinese oil consumption17. Oil production from the North Sea, Mexico’s Cantarell,Mexico, Italy, France, Canada, US, and UK. Figure 10. Historical Chinese oil

Hamilton, James Douglas

2008-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


121

Understanding Crude Oil Prices  

E-Print Network (OSTI)

business of having some oil in inventory, which is referredKnowledge of all the oil going into inventory today for salebe empty, because inventories of oil are essential for the

Hamilton, James Douglas

2008-01-01T23:59:59.000Z

122

Understanding Crude Oil Prices  

E-Print Network (OSTI)

and Income on Energy and Oil Demand,” Energy Journal 23(1),2006. “China’s Growing Demand for Oil and Its Impact on U.S.in the supply or demand for oil itself could be regarded as

Hamilton, James Douglas

2008-01-01T23:59:59.000Z

123

Understanding Crude Oil Prices  

E-Print Network (OSTI)

2007”. comparison, Mexico used 6.6— Chinese oil consumption17. Oil production from the North Sea, Mexico’s Cantarell,

Hamilton, James Douglas

2008-01-01T23:59:59.000Z

124

Table 21. Domestic Crude Oil First Purchase Prices  

U.S. Energy Information Administration (EIA) Indexed Site

20.86 20.67 20.47 20.24 20.32 19.57 See footnotes at end of table. 21. Domestic Crude Oil First Purchase Prices Energy Information Administration Petroleum Marketing Annual...

125

Table 21. Domestic Crude Oil First Purchase Prices  

U.S. Energy Information Administration (EIA) Indexed Site

19.11 18.73 18.63 17.97 18.75 18.10 See footnotes at end of table. 21. Domestic Crude Oil First Purchase Prices Energy Information Administration Petroleum Marketing Annual...

126

International Energy Outlook - World Oil Markets  

Gasoline and Diesel Fuel Update (EIA)

World Oil Markets World Oil Markets International Energy Outlook 2004 World Oil Markets In the IEO2004 forecast, OPEC export volumes are expected to more than double while non-OPEC suppliers maintain their edge over OPEC in overall production. Prices are projected to rise gradually through 2025 as the oil resource base is further developed. Throughout most of 2003, crude oil prices remained near the top of the range preferred by producers in the Organization of Petroleum Exporting Countries (OPEC), $22 to $28 per barrel for the OPEC “basket price.” OPEC producers continued to demonstrate disciplined adherence to announced cutbacks in production. Throughout 2003, the upward turn in crude oil prices was brought about by a combination of three factors. First, a general strike against the Chavez regime resulted in a sudden loss of much of Venezuela’s oil exports. Although the other OPEC producers agreed to increase their production capacities to make up for the lost Venezuelan output, the obvious strain on worldwide spare capacity kept prices high. Second, price volatility was exacerbated by internal conflict in Nigeria. Third, prospects for a return to normalcy in the Iraqi oil sector remained uncertain as residual post-war turmoil continued in Iraq.

127

Distillate and Spot Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

5 5 Notes: This slide shows the strong influence crude oil prices have on retail distillate prices. The price for distillate fuel oil tracks the crude price increases seen in 1996 and the subsequent fall in 1997 and 1998. Distillate prices have also followed crude oil prices up since the beginning of 1999. Actual data show heating oil prices on the East Coast in June at $1.20 per gallon, up 39 cents over last June. However, if heating oil prices are following diesel, they may be up another 5 cents in August. That would put heating oil prices about 40 cents over last August prices. Crude oil prices are only up about 25 cents in August over year ago levels. The extra 15 cents represents improved refiner margins due in part to the very low distillate inventory level.

128

Testing for market integration crude oil, coal, and natural gas  

SciTech Connect

Prompted by the contemporaneous spike in coal, oil, and natural gas prices, this paper evaluates the degree of market integration both within and between crude oil, coal, and natural gas markets. Our approach yields parameters that can be readily tested against a priori conjectures. Using daily price data for five very different crude oils, we conclude that the world oil market is a single, highly integrated economic market. On the other hand, coal prices at five trading locations across the United States are cointegrated, but the degree of market integration is much weaker, particularly between Western and Eastern coals. Finally, we show that crude oil, coal, and natural gas markets are only very weakly integrated. Our results indicate that there is not a primary energy market. Despite current price peaks, it is not useful to think of a primary energy market, except in a very long run context.

Bachmeier, L.J.; Griffin, J.M. [Texas A& amp; M Univ, College Station, TX (United States)

2006-07-01T23:59:59.000Z

129

Crude oil prices and petroleum inventories : remedies for a broken oil price forecasting model.  

E-Print Network (OSTI)

??The empirical relationship between crude oil prices and petroleum inventories has been exploited in a number of short-term oil price forecasting models. Some of the… (more)

Grimstad, Dan

2007-01-01T23:59:59.000Z

130

Electricity market clearing price forecasting under a deregulated electricity market.  

E-Print Network (OSTI)

??Under deregulated electric market, electricity price is no longer set by the monopoly utility company rather it responds to the market and operating conditions. Offering… (more)

Yan, Xing

2010-01-01T23:59:59.000Z

131

Booming markets for Moroccan argan oil appear to benefit some rural households while threatening the endemic argan forest  

Science Journals Connector (OSTI)

...booming argan prices have not improved...Article | 0 Plant Oils | Endangered Species...and charcoal for heating and cooking...explosion in argan oil demand, and argan prices have skyrocketed...1999, whereas oil prices in these markets...

Travis J. Lybbert; Abdellah Aboudrare; Deborah Chaloud; Nicholas Magnan; Maliha Nash

2011-01-01T23:59:59.000Z

132

Forecasting Crude Oil Spot Price Using OECD Petroleum Inventory  

Gasoline and Diesel Fuel Update (EIA)

Forecasting Forecasting Crude Oil Spot Price Using OECD Petroleum Inventory Levels MICHAEL YE, ∗ JOHN ZYREN, ∗∗ AND JOANNE SHORE ∗∗ Abstract This paper presents a short-term monthly forecasting model of West Texas Intermedi- ate crude oil spot price using OECD petroleum inventory levels. Theoretically, petroleum inventory levels are a measure of the balance, or imbalance, between petroleum production and demand, and thus provide a good market barometer of crude oil price change. Based on an understanding of petroleum market fundamentals and observed market behavior during the post-Gulf War period, the model was developed with the objectives of being both simple and practical, with required data readily available. As a result, the model is useful to industry and government decision-makers in forecasting price and investigat- ing the impacts of changes on price, should inventories,

133

US oil consumption, oil prices, and the macroeconomy  

Science Journals Connector (OSTI)

Since the oil price shock of 1973–74, researchers have waged ... national income. Studies examining the relationship between oil prices, oil consumption, and real output have produced remarkably ... to dramatical...

Ali F. Darrat; Otis W. Gilley; Don J. Meyer

1996-01-01T23:59:59.000Z

134

Lower oil prices also cutting winter heating oil and propane...  

NLE Websites -- All DOE Office Websites (Extended Search)

Lower oil prices also cutting winter heating oil and propane bills Lower oil prices are not only driving down gasoline costs, but U.S. consumers will also see a bigger savings in...

135

Linkages between the markets for crude oil and the markets for refined products  

SciTech Connect

To understand the crude oil price determination process it is necessary to extend the analysis beyond the markets for petroleum. Crude oil prices are determined in two closely related markets: the markets for crude oil and the markets for refined products. An econometric-linear programming model was developed to capture the linkages between the markets for crude oil and refined products. In the LP refiners maximize profits given crude oil supplies, refining capacities, and prices of refined products. The objective function is profit maximization net of crude oil prices. The shadow price on crude oil gives the netback price. Refined product prices are obtained from the econometric models. The model covers the free world divided in five regions. The model is used to analyze the impacts on the markets of policies that affect crude oil supplies, the demands for refined products, and the refining industry. For each scenario analyzed the demand for crude oil is derived from the equilibrium conditions in the markets for products. The demand curve is confronted with a supply curve which maximizes revenues providing an equilibrium solution for both crude oil and product markets. The model also captures crude oil price differentials by quality. The results show that the demands for crude oil are different across regions due to the structure of the refining industries and the characteristics of the demands for refined products. Changes in the demands for products have a larger impact on the markets than changes in the refining industry. Since markets for refined products and crude oil are interrelated they can't be analyzed individually if an accurate and complete assessment of a policy is to be made. Changes in only one product market in one region affect the other product markets and the prices of crude oil.

Didziulis, V.S.

1990-01-01T23:59:59.000Z

136

Understanding Crude Oil Prices  

E-Print Network (OSTI)

disruptions, and the peak in U.S. oil production account foroil increased 81.1% (logarithmically) between January 1979 and the peak

Hamilton, James Douglas

2008-01-01T23:59:59.000Z

137

Hedging Oil Prices.  

E-Print Network (OSTI)

?? With the increase of volatility in financial markets and leading to financial risk and corporate failures, organizations are showing keen interest in managing financial… (more)

Ali, Sajid

2011-01-01T23:59:59.000Z

138

Financial and Physical Oil Market Linkages  

Gasoline and Diesel Fuel Update (EIA)

August 24, 2011 Department of Energy Washington, DC 8:30 a.m. Check-in and coffee break 9:00 a.m. Opening remarks by EIA Deputy Administrator and introductions of the participants 9:30 a.m. Morning session 1: Changes in oil futures market participation and cross- market linkage: Do speculators affect oil prices? Paper Title: Does "Paper Oil" Matter? * Presenter: Michel Robe, American University * Discussant: by: James Smith, SMU * Questions, answers and discussions by all participants 11:00 a.m. Coffee break 11:15 a.m. Morning session 2: Index investment, the financialization of commodities and oil price bubbles Paper Title: Investor Flows and the 2008 Boom/Burst in Oil Prices * Presenter: Kenneth Singleton, Stanford University

139

Evidence of randomness in United States spot oil prices  

SciTech Connect

This study investigates U.S. crude oil spot-market prices to determine if they were cyclical, autoregressive, or random in nature. The fact that oil-price volatility emerged only with the rise of spot markets meant that data for this type of an analysis were not previously available. The hypothesis tested was that U.S. crude oil price changes are neither cyclical nor autocorrelated, and are, therefore, random. Daily data on U.S. crude oil spot market prices (for the period of December 3, 1984 to November 4, 1988) were analyzed using spectral analysis; this converts time-series data into a frequency series, where it can be analyzed using more-powerful statistical methods. The spectral results of the price series gave a maximum power spectrum of 0.026, which is considerably smaller than the significance level of 0.052, considered acceptable using a 99% confidence level. The conclusion reached was that there was no significant cyclicality or autocorrelation in the data. This indicated that the U.S. crude oil prices are efficient, and that it would not be possible to predict crude oil price changes by using historical price data, seasonality, or business cycles.

Howard, B.W.

1989-01-01T23:59:59.000Z

140

Oil Price Trackers Inspired by Immune Memory William Wilson , Phil Birkin , and Uwe Aickelin  

E-Print Network (OSTI)

Analysis of oil price trends The price of WTI crude oil (a world marker price for oil price movements

Aickelin, Uwe

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


141

International Energy Outlook 2006 - World Oil Markets  

Gasoline and Diesel Fuel Update (EIA)

Oil Markets Oil Markets International Energy Outlook 2006 Chapter 3: World Oil Markets In the IEO2006 reference case, world oil demand increases by 47 percent from 2003 to 2030. Non-OECD Asia, including China and India, accounts for 43 percent of the increase. In the IEO2006 reference case, world oil demand grows from 80 million barrels per day in 2003 to 98 million barrels per day in 2015 and 118 million barrels per day in 2030. Demand increases strongly despite world oil prices that are 35 percent higher in 2025 than in last yearÂ’s outlook. Much of the growth in oil consumption is projected for the nations of non-OECD Asia, where strong economic growth is expected. Non-OECD Asia (including China and India) accounts for 43 percent of the total increase in world oil use over the projection period.

142

Oil prices and the financial crisis  

Science Journals Connector (OSTI)

This paper aims to explain crude oil price volatility and its relationship respect to some ... financial variables. Finding the main drivers of oil price dynamics is a crucial element for the ... existence of a l...

Cristina Bencivenga; Rita L. D’Ecclesia; Umberto Triulzi

2012-07-01T23:59:59.000Z

143

Residential heating oil prices virtually unchanged  

U.S. Energy Information Administration (EIA) Indexed Site

heating oil prices virtually unchanged The average retail price for home heating oil fell 4-tenths of a penny from a week ago to 3.95 per gallon. That's down 8-tenths of a penny...

144

Residential heating oil prices virtually unchanged  

U.S. Energy Information Administration (EIA) Indexed Site

4 Residential heating oil price decreases The average retail price for home heating oil fell 3.1 cents from a week ago to 4.20 per gallon. That's up 13.6 cents from a year ago,...

145

Residential heating oil prices virtually unchanged  

U.S. Energy Information Administration (EIA) Indexed Site

0, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 1.9 cents from a week ago to 4.23 per gallon. That's up 5.1 cents from a year...

146

Residential heating oil prices virtually unchanged  

U.S. Energy Information Administration (EIA) Indexed Site

5, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 1.6 cents from a week ago to 4.23 per gallon. That's up 14.9 cents from a year...

147

Residential heating oil prices virtually unchanged  

U.S. Energy Information Administration (EIA) Indexed Site

9, 2014 Residential heating oil price decreases The average retail price for home heating oil fell 7.2 cents from a week ago to 4.12 per gallon. That's up 9.4 cents from a year...

148

Residential heating oil prices virtually unchanged  

U.S. Energy Information Administration (EIA) Indexed Site

4 Residential heating oil prices virtually unchanged The average retail price for home heating oil rose 2-tenths of a cent from a week ago to 4.24 per gallon. That's up 8.2 cents...

149

Retail Product Prices Are Driven By Crude Oil  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: Retail prices for both gasoline and diesel fuel have risen strongly over the past two years, driven mostly by the rise in world crude oil prices to their highest levels since the Persian Gulf War. Of course, there are a number of other significant factors that impact retail product prices, the most important of which is the supply/demand balance for each product. But the point of this slide is to show that generally speaking, as world crude oil prices rise and fall, so do retail product prices. Because of the critical importance of crude oil price levels, my presentation today will look first at global oil supply and demand, and then at the factors that differentiate the markets for each product. I'll also talk briefly about natural gas, and the impact that gas

150

World oil prices expected to fall  

Science Journals Connector (OSTI)

World oil prices expected to fall ... The good news is that world oil prices probably will fall somewhat in the near future. ... The bad news is that oil prices probably will begin rising again in the mid-1980s, and even the optimists suspect that they will continue to do so thereafter. ...

1983-10-10T23:59:59.000Z

151

Oil Price and the Dollar Virginie Coudert  

E-Print Network (OSTI)

Oil Price and the Dollar Virginie Coudert , Val´erie Mignon , Alexis Penot§ 6th April 2005 Abstract The aim of this paper is to test whether a stable long-term relationship exists between oil prices and causality study between the two variables. Our results indicate that causality runs from oil prices

Boyer, Edmond

152

Declining oil prices boost chemical profits  

Science Journals Connector (OSTI)

Declining oil prices boost chemical profits ... As a consequence of the oil price drop, the composition of feedstocks to steam crackers, which are sources for major-volume olefins and many aromatics, is being changed. ... Where possible, more heavy feedstocks obtained from crude oil—naphthas and gas oils—are used in place of light hydrocarbons such as ethane. ...

1986-04-07T23:59:59.000Z

153

New York Home Heating Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

5 of 15 5 of 15 Notes: The severity of this spot price increase is causing dramatic changes in residential home heating oil prices, although residential price movements are usually a little slower and spread out over time compared to spot prices. Wholesale prices increased over 50 cents from January 17 to January 24, while retail increased 44 cents in New York. Diesel prices are showing a similar pattern to residential home heating oil prices, and are indicating that home heating oil prices may not have peaked yet, although spot prices are dropping. Diesel prices in New England and the Mid-Atlantic increased 30-40 cents January 24 over the prior week, and another 13-15 cents January 31. Spot prices plummeted January 31, closing at 82 cents per gallon, indicating the worst part of the crisis may be over, but it is still a

154

Edgeworth price cycles in retail gasoline markets  

E-Print Network (OSTI)

In this dissertation, I present three essays that are motivated by the interesting and dynamic price-setting behavior of firms in Canadian retail gasoline markets. In the first essay, I examine behavior at the market level ...

Noel, Michael David, 1971-

2002-01-01T23:59:59.000Z

155

Retail Heating Oil and Diesel Fuel Prices  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: With the worst of the heating season (October-March) now behind us, we can be fairly confident that retail heating oil prices have seen their seasonal peak. Relatively mild weather and a softening of crude oil prices have helped ease heating oil prices. Spot heating oil prices recently reached their lowest levels in over six months. Because of relatively balmy weather in the Northeast in January and February, heating oil stock levels have stabilized. Furthermore, heating oil production has been unusually robust, running several hundred thousand barrels per day over last year's pace. Currently, EIA expects winter prices to average around $1.41, which is quite high in historical terms. The national average price in December 2000 was 44 cents per gallon above the December 1999 price. For February

156

Do increases in oil prices precede U.S. recessions?.  

E-Print Network (OSTI)

?? This thesis examines the relationship between oil prices and economic activity, and it attempts to address the question: do increases in oil prices (oil… (more)

Suthijindawong, Thanyalak

2014-01-01T23:59:59.000Z

157

The effect of oil price shocks on the macroeconomy.  

E-Print Network (OSTI)

??The traditional view of oil price movements is that they represent exogenous changes in the supply of oil. In that case, oil price increases will… (more)

Embergenov, Bakhitbay

2009-01-01T23:59:59.000Z

158

Exploring the WTI crude oil price bubble process using the Markov regime switching model  

Science Journals Connector (OSTI)

Abstract The sharp volatility of West Texas Intermediate (WTI) crude oil price in the past decade triggers us to investigate the price bubbles and their evolving process. Empirical results indicate that the fundamental price of WTI crude oil appears relatively more stable than that of the market-trading price, which verifies the existence of oil price bubbles during the sample period. Besides, by allowing the WTI crude oil price bubble process to switch between two states (regimes) according to a first-order Markov chain, we are able to statistically discriminate upheaval from stable states in the crude oil price bubble process; and in most of time, the stable state dominates the WTI crude oil price bubbles while the upheaval state usually proves short-lived and accompanies unexpected market events.

Yue-Jun Zhang; Jing Wang

2014-01-01T23:59:59.000Z

159

World oil prices and O.E.C.D. trade balance  

Science Journals Connector (OSTI)

This paper develops a theoretical model which postulates that while the drop in oil prices during the 1980s has benefitted O.E. ... favorable productivity shock, the concomitant shift in oil market share from Ara...

Dominick Salvatore; Greg Winczewski

1990-01-01T23:59:59.000Z

160

Summary Statistics Table 1. Crude Oil Prices  

Annual Energy Outlook 2012 (EIA)

Cost Report." Figure Energy Information Administration Petroleum Marketing Annual 1996 3 Table 2. U.S. Refiner Prices of Petroleum Products to End Users (Cents per Gallon...

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


161

Oil prices and the developing countries  

Science Journals Connector (OSTI)

Many of the present difficulties of the world economy have been blamed on the two oil-price explosions of the 1970s. Professor Chichilnisky shows ... , at least in the case of the oil-importing developing countri...

Graciela Chichilnisky

162

Production cuts to support oil prices  

Science Journals Connector (OSTI)

Most commodity quotations have continued to fall in recent months as a result of the weaker global economy. Crude oil prices, on the other hand, had been ... to fall. Is the success of the oil exporters' change i...

Klaus Matthies

163

Understanding recent oil price dynamics: A novel empirical approach  

Science Journals Connector (OSTI)

Abstract Crude oil is a major driver of the global economy and its price dynamics are a key indicator for producers, consumers and investors. The increasing volatility of crude oil prices in the last decade has encouraged many researchers to model its dynamics. Recent studies have tried to explain this dynamics by taking into account the role of various market participants many of whom have increasingly used crude oil for portfolio diversification. We propose a modified supply–demand framework which assumes that the real price of crude oil is affected not only by fundamental shocks but also by financial shocks. We assess the role of what we define as the financial shock component when describing the dynamics of the real crude oil price and endeavor to measure a possible equilibrium relationship between standard supply/demand variables and our financial shock component. Using a Dynamic Ordinary Least Squares (DOLS) approach and an ECM framework we are able to empirically assess the significant role of “hedging pressure” on the real price of oil and find evidence that the impact of the “hedging pressure” is not only affecting quick reverting short-term deviations but also the structural long-run equilibrium of the oil price.

Rita L. D'Ecclesia; Emiliano Magrini; Pierluigi Montalbano; Umberto Triulzi

2014-01-01T23:59:59.000Z

164

Financial and Physical Oil Market Linkages II  

Gasoline and Diesel Fuel Update (EIA)

II II September 27, 2012 Department of Energy 1000 Independence Avenue, SW Washington, D.C. 20585 8:00 a.m. Check-in and coffee break 8:45 a.m. Opening remarks by Administrator and introductions of the participants 9:15 a.m. Morning session 1: Price behavior, benchmark spreads, oil futures market participation and trading activities of commodity index traders and physical traders Paper Title: Physical Market Conditions, Paper Market Activity, and the Brent- WTI Spread * Presenter: Michel Robe, American University and CFTC * Discussant: Lutz Kilian, University of Michigan * Questions, answers and discussions by all participants 10:45 a.m. Coffee break 11:00 a.m. Morning session 2: Speculative components and premium in crude oil prices:

165

Rising Oil Prices Hit Chemical Industry  

Science Journals Connector (OSTI)

Rising Oil Prices Hit Chemical Industry ... Rising petroleum prices have dogged chemical makers for more than a year, and in the third quarter, the situation has only gotten worse. ... Although chemical makers had factored high feedstock costs into their planning, the recent sudden spikes in oil costs may have caught the industry off guard. ...

ALEX TULLO

2000-09-18T23:59:59.000Z

166

Fact #859 February 9, 2015 Excess Supply is the Most Recent Event to Affect Crude Oil Prices  

Energy.gov (U.S. Department of Energy (DOE))

Crude oil prices have been extremely volatile over the past few decades. World events can disrupt the flow of oil to the market or cause uncertainty about future supply or demand for oil, leading...

167

Cost, Conflict and Climate: U.S. Challenges in the World Oil Market  

E-Print Network (OSTI)

industry means that all oil demand pushes up the price ofearly 1980s drove down oil demand by 7% worldwide betweento suggest that the demand side of the world oil market or

Borenstein, Severin

2008-01-01T23:59:59.000Z

168

A nonparametric GARCH model of crude oil price return volatility  

Science Journals Connector (OSTI)

The use of parametric GARCH models to characterise crude oil price volatility is widely observed in the empirical literature. In this paper, we consider an alternative approach involving nonparametric method to model and forecast oil price return volatility. Focusing on two crude oil markets, Brent and West Texas Intermediate (WTI), we show that the out-of-sample volatility forecast of the nonparametric GARCH model yields superior performance relative to an extensive class of parametric GARCH models. These results are supported by the use of robust loss functions and the Hansen's (2005) superior predictive ability test. The improvement in forecasting accuracy of oil price return volatility based on the nonparametric GARCH model suggests that this method offers an attractive and viable alternative to the commonly used parametric GARCH models.

Aijun Hou; Sandy Suardi

2012-01-01T23:59:59.000Z

169

Macroeconomic effects of high oil prices on the Swiss economy: 2003â??2008  

Science Journals Connector (OSTI)

In this paper, we examine the macroeconomic impact of the high oil price era between 2003 and mid-2008 on the Swiss economy. Using a medium-scale disequilibrium macroeconometric model, we focus not only on the effects of oil prices on the real GDP growth but also on their effects on demand-side components, prices, labour market and capacity output. Our simulation results indicate that high oil prices still had a non-negligible negative impact on economic performance despite the observed above average real economic growth rates. We have also found that an accommodative monetary policy might help in smoothing the negative effects of oil price shocks.

Erdal Atukeren

2011-01-01T23:59:59.000Z

170

An overview of global gold market and gold price forecasting Shahriar Shafiee a,n  

E-Print Network (OSTI)

into the relationship between gold price and other key influencing variables, such as oil price and global inflationAn overview of global gold market and gold price forecasting Shahriar Shafiee a,n , Erkan Topal b history: Received 6 February 2009 Received in revised form 20 April 2010 Accepted 17 May 2010 Jel

Boisvert, Jeff

171

OIL AND NATURAL GAS PRICES: TOGETHER AGAIN? 1 Prakash Loungani (International Monetary Fund)  

E-Print Network (OSTI)

Crude oil and natural gas are important energy sources. Their prices in the U.S. are volatile and nominal rigidity does not play an important role. In addition, the law of one price between German and the U.S. markets holds quite well in the sense that the relative price exhibits stationarity. However, the natural gas prices in the two markets have diverged recently. We show that this is due to structural changes in the U.S. natural gas market rather than long term based contract prices in Germany. Nonetheless we conjecture future recovery of the law of one price.

Akito Matsumoto (international Monetary Fund

172

Time Series Methods for ForecastingElectricityMarket Pricing Zoran Obradovic Kevin Tomsovic  

E-Print Network (OSTI)

Time Series Methods for ForecastingElectricityMarket Pricing Zoran Obradovic Kevin Tomsovic PO Box the predictability of electricity price under new market regulations and the engineering aspects of large scale of traditional commodities, such as,oil or agricultural products. Clearly, assessing the effectiveness

Obradovic, Zoran

173

Oil price stabilization and global welfare  

Science Journals Connector (OSTI)

Abstract Oil price stabilization polices are adopted extensively in developing countries. Some argue that developed economies, especially the US, may gain from these policies through trade. This paper studies this issue in a two-country model with dollar currency pricing. We find that the optimal level of oil price stabilization chosen by developing countries and its implications for global welfare depend critically on whether monetary policy can effectively respond to oil shocks. In an environment without monetary shocks, when optimal monetary policies are considered, there is no role for oil price stabilization in developing countries. However, to make the oil price stabilization policy redundant, optimal monetary policy is not necessary. Some non-optimal endogenous monetary policies satisfying certain conditions can also make the developing countries choose zero oil price stabilization. The results change when there are monetary shocks. Even with optimal monetary policies, the developing countries will choose a positive level of oil price stabilization. However, due to dollar currency pricing, the US actually loses from the stabilization policy. Our results are well supported by the quantitative analysis in a full-fledged dynamic stochastic general equilibrium model.

Qing Liu; Kang Shi; Zhouheng Wu; Juanyi Xu

2014-01-01T23:59:59.000Z

174

Inflationary effects of changes in the price of oil.  

E-Print Network (OSTI)

?? Motivated by a period of time in which we face historically high oil prices, this thesis analyzes to what extent oil prices actually influence… (more)

Wribe, Lars

2006-01-01T23:59:59.000Z

175

Fact Sheet: Gas Prices and Oil Consumption Would Increase Without...  

Energy.gov (U.S. Department of Energy (DOE)) Indexed Site

Gas Prices and Oil Consumption Would Increase Without Biofuels Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Secretary of Energy Samuel W. Bodman and...

176

Investor Flows and the 2008 Boom/Bust in Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

Investor Investor Flows and Speculation New Evidence on Investor Flows and Oil Prices References Investor Flows and the 2008 Boom/Bust in Oil Prices Kenneth J. Singleton Graduate School of Business Stanford University August, 2011 Introduction Investor Flows and Speculation New Evidence on Investor Flows and Oil Prices References Investor Flows, Speculation, and Oil Prices The role of speculation (broadly construed) in the dramatic rise and subsequent sharp decline in oil prices during 2008? Many attribute these swings to changes in fundamentals of supply and demand, within representative agent models. At the same time there is mounting evidence of the "financialization" of commodity markets. Objective: investigate the impact of investor flows and financial market conditions on crude-oil futures prices. Introduction Investor Flows and Speculation New Evidence on

177

Oil price volatility and oil-related events: An Internet concern study perspective  

Science Journals Connector (OSTI)

Abstract Oil-related events have increased the uncertainty and complexity of the worldwide oil market. This paper investigates the effects of four types of oil-related events on world oil prices, using an event study methodology and an AR-GARCH model. The Internet information concerning these events, which is derived from search query volumes in Google, is introduced in an analytical framework to identify the magnitude and significance of the market response to oil-related events. The results indicate that world oil prices responding to different oil-related events display obvious differentiation. The cumulative abnormal returns, which reflect the influence of the global financial crisis, tend to drop first and then reverse and rise, while the cumulative abnormal returns induced by other oil-related events present a stronger persistent effect. The impact of the global financial crisis on oil price returns is significantly negative, while the impact of the Libyan war and hurricanes is significantly positive. However, the reactions of oil price returns to different OPEC production announcements are inconsistent.

Qiang Ji; Jian-Feng Guo

2015-01-01T23:59:59.000Z

178

Cost, Conflict and Climate: U.S. Challenges in the World Oil Market  

E-Print Network (OSTI)

forecasts of expanded U.S. oil drilling suggest productionoil market in order to evaluate its e?ect on prices. Drilling

Borenstein, Severin

2008-01-01T23:59:59.000Z

179

International black tea market integration and price discovery  

E-Print Network (OSTI)

(2000) considered price relationships among three milk markets in Kyrgyzstan. They used cointegration analysis to see if milk market prices of two private sector and one government sector markets are integrated. They concluded that two private sector...

Dharmasena, Kalu Arachchillage Senarath Dhananjaya Bandara

2004-09-30T23:59:59.000Z

180

What's Driving Oil Prices? James L. Smith  

E-Print Network (OSTI)

Issues in Energy Federal Reserve Bank of Dallas November 2, 2006 The Price of OPEC Oil ($/bbl) $0 $20 $40;8 DIFFERENCES AMONG OPEC MEMBERS Proved Oil Crude Oil Reserves to GDP Reserves Production Production Ratio Member $ per capita bbl per capita bbl per capita years Algeria 3,113 373 15 25 Indonesia 1,290 20 2 11

O'Donnell, Tom

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


181

Prediction of Oil Prices Using Bagging and Random Subspace  

Science Journals Connector (OSTI)

The problem of predicting oil prices is worthy of attention. As oil represents the backbone of the world economy,...

Lubna A. Gabralla; Ajith Abraham

2014-01-01T23:59:59.000Z

182

STEO January 2013 - world oil prices  

U.S. Energy Information Administration (EIA) Indexed Site

Gap between U.S. and world oil prices to be cut by more than Gap between U.S. and world oil prices to be cut by more than half over next two years The current wide price gap between a key U.S. and a world benchmark crude oil is expected to narrow significantly over the next two years. The spot price for U.S. benchmark West Texas Intermediate crude oil, also known as WTI , averaged $94 a barrel in 2012. That's $18 less than North Sea Brent oil, which is a global benchmark crude that had an average price of $112 last year. The new monthly forecast from the U.S. Energy Information Administration expects the price gap between the two crude oils to shrink to $16 a barrel this year and then to $8 in 2014. That's when WTI would average $91 a barrel and Brent would be at $99. The smaller price gap will result from new pipelines coming on line that will lower the cost of

183

A uniform price auction with locational price adjustments for competitive electricity markets  

E-Print Network (OSTI)

; Competitive electricity markets; Poolco Alternatively, the Market Coordinator could ask the private generatingA uniform price auction with locational price adjustments for competitive electricity markets b School of Electrical Engineering, Phillips Hall, Cornell University, Ithaca, NY 14853, USA c

184

Fact #579: July 13, 2009 Oil Price and Economic Growth, 1970-2008  

Energy.gov (U.S. Department of Energy (DOE))

Major oil price shocks have disrupted world energy markets five times in the past 30 years – 1973-74, 1979-80, 1990-1991, 1999-2000 and again in 2008. Most of the oil price shocks were followed by...

185

Introduction to Macroeconomic Dynamics Special Issue on Oil Price Shocks  

E-Print Network (OSTI)

Introduction to Macroeconomic Dynamics Special Issue on Oil Price Shocks Apostolos Serletisy in macroeconometrics and ...nancial econometrics to investigate the e¤ects of oil price shocks and uncertainty about the price of oil on the level of economic activity. JEL classi...cation: G31, E32, C32. Keywords: Oil price

Garousi, Vahid

186

Criticality Characteristics of Current Oil Price Dynamics  

E-Print Network (OSTI)

Methodology that recently lead us to predict to an amazing accuracy the date (July 11, 2008) of reverse of the oil price up trend is briefly summarized and some further aspects of the related oil price dynamics elaborated. This methodology is based on the concept of discrete scale invariance whose finance-prediction-oriented variant involves such elements as log-periodic self-similarity, the universal preferred scaling factor lambda=2, and allows a phenomenon of the "super-bubble". From this perspective the present (as of August 22, 2008) violent - but still log-periodically decelerating - decrease of the oil prices is associated with the decay of such a "super- bubble" that has started developing about one year ago on top of the longer-term oil price increasing phase (normal bubble) whose ultimate termination is evaluated to occur in around mid 2010.

Drozdz, Stanislaw; Oswiecimka, Pawel

2008-01-01T23:59:59.000Z

187

Residential heating oil prices decline  

U.S. Energy Information Administration (EIA) Indexed Site

propane price increase slightly The average retail price for propane is 2.41 per gallon, up 1-tenth of a cent from last week, based on the residential heating fuel survey by the...

188

Utility Marketing Strategies & Pricing Trends  

E-Print Network (OSTI)

Marketing seems to have come out of the utility closet once again, but it is a far sight different from that of the 1970s. While some are still on a “sell, Sell, SELL!” campaign, most are soberly looking at their customers from a different...

Gilbert, J. S.

189

Petroleum Marketing Monthly  

NLE Websites -- All DOE Office Websites (Extended Search)

Crude oil prices U.S. Energy Information Administration | Petroleum Marketing Monthly 3 December 2014...

190

WTI Crude Oil Price: Base Case and 95% Confidence Interval  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: Spot WTI crude oil prices broke $35 and even $36 per barrel in November as anticipated boosts to world supply from OPEC and other sources did not show up in actual stocks data. The recent decline in prices seems to be more the result of an unraveling of speculative pressures than a change in underlying fundamentals. Prices had been running higher than supply/demand fundamentals would have indicated throughout the fall months as a result of rising Mideast tensions, concern over the adequacy of distillate supplies, and expectations of Iraqi supply interruptions. But Mideast tensions seemed to ease in December and the market appeared to perceive a quick return of Iraqi crude oil supplies at full capacity. Pledges by Saudi Arabia/OPEC to offset a longer term Iraqi

191

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

energy security and high oil prices, as well as greenhousetransaction costs, the oil prices in H equal the prices inat times when crude oil prices surged during 2002 to 2006 (

Hochman, Gal; Rajagopal, Deepak; Zilberman, David D.

2010-01-01T23:59:59.000Z

192

Business Cycle Effects on Metal and Oil Prices: Understanding the Price Retreat of 2008-9  

E-Print Network (OSTI)

1 Business Cycle Effects on Metal and Oil Prices: Understanding the Price Retreat of 2008 of macroeconomic business cycles on six metals traded on the London Metal Exchange and oil prices. Reduced GDP oil prices (as a proxy for energy inputs in metals production) are derived. The estimated trend

193

Unit root properties of crude oil spot and futures prices  

Science Journals Connector (OSTI)

In this article, we examine whether WTI and Brent crude oil spot and futures prices (at 1, 3 and 6 months to maturity) contain a unit root with one and two structural breaks, employing weekly data over the period 1991–2004. To realise this objective we employ Lagrange multiplier (LM) unit root tests with one and two endogenous structural breaks proposed by Lee and Strazicich [2003. Minimum Lagrange multiplier unit root test with two structural breaks. Review of Economics and Statistics, 85, 1082–1089; 2004. Minimum LM unit root test with one structural break. Working Paper no. 04–17, Department of Economics, Appalachian State University]. We find that each of the oil price series can be characterised as a random walk process and that the endogenous structural breaks are significant and meaningful in terms of events that have impacted on world oil markets.

Svetlana Maslyuk; Russell Smyth

2008-01-01T23:59:59.000Z

194

Index Revision, House Price Risk, and the Market for House Price Derivatives  

E-Print Network (OSTI)

bias in repeat-sales home price indices. Freddie Mac workingpaper #05–03. Index Revision, House Price Risk, and theMarket for House Price Derivatives Calhoun, C. A. (1996).

Deng, Yongheng; Quigley, John M.

2008-01-01T23:59:59.000Z

195

The effects of oil prices and other economic indicators on housing prices in Calgary, Canada .  

E-Print Network (OSTI)

??This thesis aims to answer: (1) to what extent can oil prices and other economic indicators predict the changes in housing prices and rent in… (more)

Padilla, Mercedes A. (Mercedes Angeles)

2005-01-01T23:59:59.000Z

196

EIA - AEO2010 - World oil prices and production trends in AEO2010  

Gasoline and Diesel Fuel Update (EIA)

World oil prices and production trends in AEO2010 World oil prices and production trends in AEO2010 Annual Energy Outlook 2010 with Projections to 2035 World oil prices and production trends in AEO2010 In AEO2010, the price of light, low-sulfur (or “sweet”) crude oil delivered at Cushing, Oklahoma, is tracked to represent movements in world oil prices. EIA makes projections of future supply and demand for “total liquids,” which includes conventional petroleum liquids—such as conventional crude oil, natural gas plant liquids, and refinery gain—in addition to unconventional liquids, which include biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil. World oil prices can be influenced by a multitude of factors. Some tend to be short term, such as movements in exchange rates, financial markets, and weather, and some are longer term, such as expectations concerning future demand and production decisions by the Organization of the Petroleum Exporting Countries (OPEC). In 2009, the interaction of market factors led prompt month contracts (contracts for the nearest traded month) for crude oil to rise relatively steadily from a January average of $41.68 per barrel to a December average of $74.47 per barrel [38].

197

Table 22. Domestic Crude Oil First Purchase Prices for Selected...  

U.S. Energy Information Administration (EIA) Indexed Site

Form EIA-182, "Domestic Crude Oil First Purchase Report." 22. Domestic Crude Oil First Purchase Prices for Selected Crude Streams 44 Energy Information Administration...

198

Three Papers on the Political Consequences of Oil Prices.  

E-Print Network (OSTI)

??Given the importance of oil in any country's energy needs, it should not be surprising that the increasing volatility of oil prices in the past… (more)

Crespo Tenorio, Adriana

2013-01-01T23:59:59.000Z

199

Oil prices and transport sector returns: an international analysis  

Science Journals Connector (OSTI)

This study examines the role of oil prices in explaining ‘transport sector’ equity returns ... study are strongly supportive of some role for oil prices in determining the transport sector returns for ... asymmet...

Mohan Nandha; Robert Brooks

2009-11-01T23:59:59.000Z

200

The impact of oil prices on income and energy  

Science Journals Connector (OSTI)

The major determinant of real income growth in Korea is real oil prices, followed by money supply, exchange rates, ... longer horizon, the effects of exchange rates, oil prices, government spending, and money sup...

Young U. Glasure; Aie-Rie Lee

2002-05-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


201

Oil prices decline as concerns about supplies lessen  

Science Journals Connector (OSTI)

Expectations of shorter oil supplies in the case of a war in the Middle East pushed crude oil prices upwards for many months, but in March prices started to fall significantly even before the war against Iraq had...

Klaus Matthies

202

Oil Prices: 1985 and 1990  

Science Journals Connector (OSTI)

Today oil is the world’s major energy resource. It accounts for about 54 percent of the world’s total energy consumption. Because of conservation and the development of alternative resources in industrialized ...

Thomas L. Saaty; Luis G. Vargas

1982-01-01T23:59:59.000Z

203

Steep increase in oil prices as gulf crisis lingers on  

Science Journals Connector (OSTI)

Following a brief interruption, the recovery in world commodity prices witnessed during the first months of the year has continued. Crude oil prices reached their highest level for 16 months. The increase in prices

Klaus Matthies

204

Putting oil prices in perspective  

SciTech Connect

The author discusses the flawed'' energy policy of the US that seems to be: protect access to Persian Gulf oil with every means at its disposal. He discusses in general terms the real cost of oil which should include the military cost of the continuing conflicts in the Middle East. Full-cycle measurement (from the point of origin to the point of use) to determine energy costs would show natural gas and alternative fuels in their true cost.

Kauffmann, B.

1995-02-01T23:59:59.000Z

205

Carbon pricing, nuclear power and electricity markets  

SciTech Connect

In 2010, the NEA in conjunction with the International Energy Agency produced an analysis of the Projected Costs of Electricity for almost 200 power plants, covering nuclear, fossil fuel and renewable electricity generation. That analysis used lifetime costs to consider the merits of each technology. However, the lifetime cost analysis is less applicable in liberalised markets and does not look specifically at the viewpoint of the private investor. A follow-up NEA assessment of the competitiveness of nuclear energy against coal- and gas-fired generation under carbon pricing has considered just this question. The economic competition in electricity markets is today between nuclear energy and gas-fired power generation, with coal-fired power generation not being competitive as soon as even modest carbon pricing is introduced. Whether nuclear energy or natural gas comes out ahead in their competition depends on a number of assumptions, which, while all entirely reasonable, yield very different outcomes. The analysis in this study has been developed on the basis of daily data from European power markets over the last five-year period. Three different methodologies, a Profit Analysis looking at historic returns over the past five years, an Investment Analysis projecting the conditions of the past five years over the lifetime of plants and a Carbon Tax Analysis (differentiating the Investment Analysis for different carbon prices) look at the issue of competitiveness from different angles. They show that the competitiveness of nuclear energy depends on a number of variables which in different configurations determine whether electricity produced from nuclear power or from CCGTs generates higher profits for its investors. These are overnight costs, financing costs, gas prices, carbon prices, profit margins (or mark-ups), the amount of coal with carbon capture and electricity prices. This paper will present the outcomes of the analysis in the context of a liberalised electricity market, looking at the impact of the seven key variables and provide conclusions on the portfolio that a utility would be advised to maintain, given the need to limit risks but also to move to low carbon power generation. Such portfolio diversification would not only limit financial investor risk, but also a number of non-financial risks (climate change, security of supply, accidents). (authors)

Cameron, R.; Keppler, J. H. [OECD Nuclear Energy Agency, 12, boulevard des Iles, 92130 Issy-les-Moulineaux (France)

2012-07-01T23:59:59.000Z

206

Price analysis in electronic marketing of Texas feeder cattle  

E-Print Network (OSTI)

on the impact of. electronic marketing on price in- dicate an average premium of $3. 25 per hundredweight for com- puterized marketing. CA~ may be an efficient marketing system as it appears to increase the level of prices, as well as facilitate spatial... of Cattle Feedlots by Size Group, Texas 1968-79. Page 2. Egg Price Behavior 3. Hog Price Behavior 26 27 4. A Test of Conformity of Variance of Daily Average Price During a Year. 28 5. Transportation Costs 6. CA~ Statistics 7. Auction Market...

Mahoney, Kathleen Ann

2012-06-07T23:59:59.000Z

207

Oil prices and government bond risk premiums Herv Alexandre*  

E-Print Network (OSTI)

Oil prices and government bond risk premiums By Hervé Alexandre*º Antonin de Benoist * Abstract : This article analyses the impact of oil price on bond risk premiums issued by emerging economies. No empirical study has yet focussed on the effects of the oil price on government bond risk premiums. We develop

Boyer, Edmond

208

WTI Crude Oil Price: Base Case and 95% Confidence Interval  

Gasoline and Diesel Fuel Update (EIA)

9 9 Notes: Spot WTI prices broke $35 and even $36 per barrel in November as anticipated boosts to world supply from OPEC and other sources did not show up in actual stocks data. The recent decline in prices seems to be more the result of an unraveling of speculative pressures than a change in underlying fundamentals. Prices had been running higher than supply/demand fundamentals would have indicated throughout the fall months as a result of rising Mideast tensions, concern over the adequacy of distillate supplies, and expectations of Iraqi supply interruptions. But Mideast tensions seemed to ease in December and the market appeared to perceive a quick return of Iraqi crude oil supplies at full capacity. Pledges by Saudi Arabia/OPEC to offset a longer term Iraqi

209

Asymmetric and nonlinear pass-through of crude oil prices to gasoline and natural gas prices  

E-Print Network (OSTI)

Asymmetric and nonlinear pass-through of crude oil prices to gasoline and natural gas prices Ahmed distributed lags (NARDL) mod- el to examine the pass-through of crude oil prices into gasoline and natural gas the possibility to quantify the respective responses of gasoline and natural gas prices to positive and negative

Paris-Sud XI, Université de

210

World Oil Price, 1970-2020  

Energy.gov (U.S. Department of Energy (DOE)) Indexed Site

World Oil Price, 1970-2020 World Oil Price, 1970-2020 (1999 dollars per barrel) 17.09 50- 45 - 40 - I Nominal dollars 35- 1995 _2020 15 - J 9, AE02000 5- 10 - HHistory Projections 0 1970 1980 1990 2000 2010 2020 35AS0570 ^a .i^ Petroleum Supply, Consumption, and Imports, 1970-2020 (million barrels per day) 30- History Projections 25 - 20 - 20~ Consumption _ Net imports 15 - Domestic supply . _ 5- 0 0 1970 1980 1990 2000 2010 2020 '-'e^~~~ u,~~ ~35AS0570 ., te Petroleum Consumption by Sector, 1970-2020 (million barrels per day) 20- History Projections 15- XTransportation 10 Industrial Eect i city gener - 5- 1970 1980 1990 2000 2010 2020 .n 35AS0570 r-N Crude Oil Production by Source, 1970-2020 (million barrels per day) 8 History Projections 6- Lower 48 conventional 4- Lower 48 offshore 2- lasa k r 0 § ^.^^^r"_ "^^"' ^Lower 48 EOR

211

Volatility in natural gas and oil markets  

E-Print Network (OSTI)

Using daily futures price data, I examine the behavior of natural gas and crude oil price volatility since 1990. I test whether there has been a significant trend in volatility, whether there was a short-term increase in ...

Pindyck, Robert S.

2003-01-01T23:59:59.000Z

212

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

countries, at times when crude oil prices surged during 2002Texas Intermediate price of crude oil. To this end, we knowcrude oil and biofuels in 2007 (see Table 1). Speci?cally, we use price

Hochman, Gal; Rajagopal, Deepak; Zilberman, David D.

2010-01-01T23:59:59.000Z

213

Testing the arbitrage pricing theory in an emerging stock market: the case of Mauritius  

Science Journals Connector (OSTI)

This study focuses on the arbitrage pricing theory (APT) framework to analyse several macroeconomic factors likely to influence the market return (SEMDEX return) on the Stock Exchange of Mauritius (SEM). Seven variables are considered: the consumer price index, oil price, exchange rate, tourist arrival rate, electricity consumption, Lombard rate and aggregate money supply. The sample data are monthly observations from January 2002 to December 2006. Four variables that are statistically significant at the 10% level or better in explaining variation in the equity premium on the SEM are: the level of the price index, the oil price (given that Mauritius is heavily dependent on oil imports), the exchange rate and the level of economic activity as proxied by electricity consumption. The most important variable is the exchange rate. The reliability of the model is tested and found to be adequate.

Sunil K. Bundoo

2009-01-01T23:59:59.000Z

214

Linear and non-linear Granger causality between oil spot and futures prices: A wavelet based test  

Science Journals Connector (OSTI)

Abstract This study is the first attempt to investigate both the linear and non-linear Granger causality between wavelet transformed spot and futures oil prices. Our findings consistently indicate bidirectional causality between the spot and futures oil markets at different time scales, under linear and non-linear causality assumptions, and also during the recent financial crisis. Our results tend to shed further light on the ongoing controversy over the relative price discovery role played by spot market as opposed to futures market in oil price fluctuations, especially during periods of high uncertainty.

Mohammed Alzahrani; Mansur Masih; Omar Al-Titi

2014-01-01T23:59:59.000Z

215

Forecasting Model for Crude Oil Price Using Artificial Neural Networks and Commodity Futures Prices  

E-Print Network (OSTI)

This paper presents a model based on multilayer feedforward neural network to forecast crude oil spot price direction in the short-term, up to three days ahead. A great deal of attention was paid on finding the optimal ANN model structure. In addition, several methods of data pre-processing were tested. Our approach is to create a benchmark based on lagged value of pre-processed spot price, then add pre-processed futures prices for 1, 2, 3,and four months to maturity, one by one and also altogether. The results on the benchmark suggest that a dynamic model of 13 lags is the optimal to forecast spot price direction for the short-term. Further, the forecast accuracy of the direction of the market was 78%, 66%, and 53% for one, two, and three days in future conclusively. For all the experiments, that include futures data as an input, the results show that on the short-term, futures prices do hold new information on the spot price direction. The results obtained will generate comprehensive understanding of the cr...

Kulkarni, Siddhivinayak

2009-01-01T23:59:59.000Z

216

Product Price Spreads Over Crude Oil Vary With Seasons and Supply/Demand  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: Of course, petroleum product prices don't move in lockstep to crude oil prices, for a number of reasons. We find it useful to look at variations in the spread between product and crude oil prices, in this case comparing spot market prices for each. The difference between heating oil and crude oil spot prices tends to vary seasonally; that is, it's generally higher in the winter, when demand for distillate fuels is higher due to heating requirements, and lower in the summer. (Gasoline, as we'll see later, generally does the opposite.) However, other factors affecting supply and demand, including the relative severity of winter weather, can greatly distort these "typical" seasonal trends. As seen on this chart, the winters of 1995-96 and 1996-97 featured

217

EIA - International Energy Outlook 2007-Low World Oil Price Projections  

Gasoline and Diesel Fuel Update (EIA)

Low World Oil Price Case Projections (1990-2030) Low World Oil Price Case Projections (1990-2030) International Energy Outlook 2007 Low World Oil Price Projections Tables (1990-2030) Formats Table Data Titles (1 to 12 complete) Low World Oil Price Projections Tables. Need help, contact the National Energy Information Center at 202-586-8800. Low World Oil Price Projections Tables. Need help, contact the National Energy Information Center at 202-586-8800. Table E1 World Total Energy Consumption by Region, Low World Oil Price Case Table E1. World Total Energy Consumption by Region. Need help, contact the National Energy Information Center at 202-586-8800. Table E2 World Total Energy Consumption by Region and Fuel, Low World Oil Price Case Table E2. World Total Energy Consumption by Region and Fuel. Need help, contact the National Energy Information Center at 202-586-8800.

218

Notes from Financial and Physical Oil Market Linkages  

Gasoline and Diesel Fuel Update (EIA)

Notes from Financial and Physical Oil Market Linkages Notes from Financial and Physical Oil Market Linkages August 24, 2011 Session 1: 9:30 a.m. - 11:00 a.m. Paper Title: Does 'Paper Oil' Matter? Presenter: Michel Robe, American University Discussant: James Smith, Southern Methodist University Paper Abstract We construct a uniquely detailed, comprehensive dataset of trader positions in U.S. energy futures markets. We find considerable changes in the make-up of the open interest between 2000 and 2010 and show that these changes impact asset pricing. Specifically, dynamic conditional correlations between the rates of return on investable energy and stock market indices increase significantly amid greater activity by speculators in general and hedge funds in particular (especially funds active in both equity and energy markets). The impact of hedge fund activity is

219

The microstructure of the North American oil market  

Science Journals Connector (OSTI)

Abstract Recent developments in production of oil and natural gas from the tight sand and shale rock formations (primarily hydraulic fracturing and horizontal drilling) have a profound impact on the North American energy markets. The paper reviews recent crude oil production trends and their impact on the price relationships across different geographical locations in the US and Canada. Price disparity between different market hubs is attributed to the collision between growing volumetric flows of crude oil (as well as changing quality mix of produced crudes) and rigidity of the existing midstream and refining infrastructure. We continue with a discussion of how the North American oil industry adjusts to new disruptive technologies in exploration and production of hydrocarbons.

Vincent Kaminski

2014-01-01T23:59:59.000Z

220

Prices in Wholesale Electricity Markets and Demand Response.  

E-Print Network (OSTI)

??Price determination for a wholesale electricity market has been a long-standing issue in energy systems modeling. From an economic perspective, the complication arises from determining… (more)

Aketi, Venkata Sesha Praneeth

2014-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


221

Price and volatility relationships in the Australian electricity market.  

E-Print Network (OSTI)

??This thesis presents a collection of papers that has been published, accepted or submitted for publication. They assess price, volatility and market relationships in the… (more)

Higgs, Helen

2006-01-01T23:59:59.000Z

222

Price Responsive Demand in New York Wholesale Electricity Market using  

NLE Websites -- All DOE Office Websites (Extended Search)

Price Responsive Demand in New York Wholesale Electricity Market using Price Responsive Demand in New York Wholesale Electricity Market using OpenADR Title Price Responsive Demand in New York Wholesale Electricity Market using OpenADR Publication Type Report LBNL Report Number LBNL-5557E Year of Publication 2012 Authors Kim, Joyce Jihyun, and Sila Kiliccote Date Published 06/2012 Publisher LBNL/NYSERDA Keywords commercial, demand response, dynamic pricing, mandatory hourly pricing, open automated demand response, openadr, pilot studies & implementation, price responsive demand Abstract In New York State, the default electricity pricing for large customers is Mandatory Hourly Pricing (MHP), which is charged based on zonal day-ahead market price for energy. With MHP, retail customers can adjust their building load to an economically optimal level according to hourly electricity prices. Yet, many customers seek alternative pricing options such as fixed rates through retail access for their electricity supply. Open Automated Demand Response (OpenADR) is an XML (eXtensible Markup Language) based information exchange model that communicates price and reliability information. It allows customers to evaluate hourly prices and provide demand response in an automated fashion to minimize electricity costs. This document shows how OpenADR can support MHP and facilitate price responsive demand for large commercial customers in New York City.

223

An Empirical Study of Pricing Strategies in an Online Market with High Frequency Price Information  

E-Print Network (OSTI)

We study competition among a score of firms participating in an online market for a commodity-type memory module. Firms were able to adjust prices continuously; prices determined how the firms were ranked and listed (lowest ...

Ellison, Sara Fisher

2011-07-12T23:59:59.000Z

224

Price-Responsive Load Among Mass-Market Customers  

Science Journals Connector (OSTI)

Mass-market customers are able to respond real-time pricing and other innovative rates. In fact, the technology available to mass-market customers and suppliers make these customers a unique component of a bal...

Daniel M. Violette

2002-01-01T23:59:59.000Z

225

Can oil prices help estimate commodity futures prices? The cases of copper and silver  

Science Journals Connector (OSTI)

There is an extensive literature on modeling the stochastic process of commodity futures. It has been shown that models with several risk factors are able to adequately fit both the level and the volatility structure of observed transactions with reasonable low errors. One of the characteristics of commodity futures markets is the relatively short term maturity of their contracts, typically ranging for only a few years. This poses a problem for valuing long term investments that require extrapolating the observed term structure. There has been little work on how to effectively do this extrapolation and in measuring its errors. Cortazar et al. (2008b) propose a multicommodity model that jointly estimates two commodities, one with much longer maturity futures contracts than the other, showing that futures prices of one commodity may be useful information for estimating the stochastic process of another. They implement the procedure using highly correlated commodities like WTI and Brent. In this paper we analyze using prices of long term oil futures contracts to help estimate long term copper and silver future prices. We start by analyzing the performance of the Cortazar et al. (2008b) multicommodity model, now applied to oil-copper and oil-silver which have much lower correlation than the WTI–Brent contracts. We show that for these commodities with lower correlation the multicommodity model seems not to be effective. We then propose a modified multicommodity model with a much simpler structure which is easier to estimate and that uses the non-stationary long term process of oil to help estimate long term copper and silver futures prices, achieving a much better fit than using available individual or multicommodity models.

Gonzalo Cortazar; Francisco Eterovic

2010-01-01T23:59:59.000Z

226

Oil prices — Brownian motion or mean reversion? A study using a one year ahead density forecast criterion  

Science Journals Connector (OSTI)

For oil related investment appraisal, an accurate description of the evolving uncertainty in the oil price is essential. For example, when using real option theory to value an investment, a density function for the future price of oil is central to the option valuation. The literature on oil pricing offers two views. The arbitrage pricing theory literature for oil suggests geometric Brownian motion and mean reversion models. Empirically driven literature suggests ARMA–GARCH models. In addition to reflecting the volatility of the market, the density function of future prices should also incorporate the uncertainty due to price jumps, a common occurrence in the oil market. In this study, the accuracy of density forecasts for up to a year ahead is the major criterion for a comparison of a range of models of oil price behaviour, both those proposed in the literature and following from data analysis. The Kullbach Leibler information criterion is used to measure the accuracy of density forecasts. Using two crude oil price series, Brent and West Texas Intermediate (WTI) representing the US market, we demonstrate that accurate density forecasts are achievable for up to nearly two years ahead using a mixture of two Gaussians innovation processes with GARCH and no mean reversion.

Nigel Meade

2010-01-01T23:59:59.000Z

227

Lower Oil Prices: A Reason to Give Thanks GENE EPSTEIN  

E-Print Network (OSTI)

Lower Oil Prices: A Reason to Give Thanks By GENE EPSTEIN Nov. 29, 2014 1:31 a.m. ET I give thanks thanks for an oil price that fell below $70 a barrel Friday, mainly because it bodes well for general early this year ("Here Comes $75 Oil," March 31). Amy Jaffe, executive director of energy

California at Davis, University of

228

ANALYSIS OF FUTURE PRICES AND MARKETS FOR HIGH TEMPERATURE SUPERCONDUCTORS  

E-Print Network (OSTI)

1 ANALYSIS OF FUTURE PRICES AND MARKETS FOR HIGH TEMPERATURE SUPERCONDUCTORS BY JOSEPH MULHOLLAND of Future Prices and Markets for High Temperature Superconductors 2 I . PURPOSE, SCOPE AND APPROACH analysts to make estimates about the future of high temperature superconductor (HTS) technology

229

Pricing and Firm Conduct in California's Deregulated Electricity Market  

E-Print Network (OSTI)

sector to competitive forces by restructuring the method of procuring electricity. Private electricPWP-080 Pricing and Firm Conduct in California's Deregulated Electricity Market Steven L. Puller.ucei.berkeley.edu/ucei #12;Pricing and Firm Conduct in California's Deregulated Electricity Market Steven L. Puller August

California at Berkeley. University of

230

The relationship between crude oil and gasoline prices  

Science Journals Connector (OSTI)

This study investigates the dynamic relationship between crude oil and retail gasoline prices during the last 21 years and determines ... that date, the results show that gasoline prices include higher profit mar...

Ali T. Akarca; Dimitri Andrianacos

1998-08-01T23:59:59.000Z

231

The peak of oil production—Timings and market recognition  

Science Journals Connector (OSTI)

Energy is essential for present societies. In particular, transportation systems depend on petroleum-based fuels. That world oil production is set to pass a peak is now a reasonably accepted concept, although its date is far from consensual. In this work, we analyze the true expectations of the oil market participants about the future availability of this fundamental energy source. We study the evolution through time of the curves of crude oil futures prices, and we conclude that the market participants, among them the crude oil producers, already expect a near-term peak of oil production. This agrees with many technical predictions for the date of peak production, including our own, that point to peak dates around the end of the present decade. If this scenario is confirmed, it can cause serious social and economical problems because societies will have little time to perform the necessary adjustments.

Pedro de Almeida; Pedro D. Silva

2009-01-01T23:59:59.000Z

232

European Market Study for BioOil (Pyrolysis Oil)  

E-Print Network (OSTI)

European Market Study for BioOil (Pyrolysis Oil) Dec 15, 2006 Doug Bradley President Climate Change Solutions National Team Leader- IEA Bioenergy Task 40- Bio-trade 402 Third Avenue ·Ottawa, Ontario ·Canada K. Market Determining Factors 5. EU Country Perspectives 6. Potential European Markets 6.1. Pulp Mill Lime

233

Past, present and future evolution of oil prices .  

E-Print Network (OSTI)

??This thesis reviews how oil price has evolved throughout time since it was discovered and commercially exploited in 1859 in Pennsylvania. Rather than a pure… (more)

Corsetti, Manuel

2010-01-01T23:59:59.000Z

234

Oil price fluctuations and Its effect on GDP growth.  

E-Print Network (OSTI)

?? During the year of 2008, the world has experienced historically high oil prices reaching an all time high of 147 USD per barrel in… (more)

Gonzalez , Aaron

2009-01-01T23:59:59.000Z

235

Oil Price and Stock Returns of Consumers and Producers of Crude Oil  

Science Journals Connector (OSTI)

Abstract In this paper we investigate how differently stock returns of oil producers and oil consumers are affected from oil price changes. We find that stock returns of oil producers are affected positively by oil price changes regardless of whether oil price is increasing or decreasing. For oil consumers, oil price changes do not affect all consumer sub-sectors and where it does, this effect is heterogeneous. We find that oil price returns have an asymmetric effect on stock returns for most sub-sectors. We devise simple trading strategies and find that while both consumers and producers of oil can make statistically significant profits, investors in oil producer sectors make relatively more profits than investors in oil consumer sectors

Dinh Hoang Bach Phan; Susan Sunila Sharma; Paresh Kumar Narayan

2014-01-01T23:59:59.000Z

236

The Distributional and Environmental Effects of Time-Varying Prices in Competitive Electricity Markets  

E-Print Network (OSTI)

2 permits, and NOx permits. Coal prices are assumed constantfalling average price is stronger, and coal-?red operatinghourly supply (price > $30) Load Coal Oil Gas Panel C:

Holland, Stephen P.; MANSUR, ERIN T

2005-01-01T23:59:59.000Z

237

Do financial investors destabilize the oil price?  

Gasoline and Diesel Fuel Update (EIA)

WO WO R K I N G PA P E R S E R I E S N O 1 3 4 6 / J U N E 2 011 by Marco J. Lombardi and Ine Van Robays DO FINANCIAL INVESTORS DESTABILIZE THE OIL PRICE? WO R K I N G PA P E R S E R I E S N O 13 4 6 / J U N E 2011 DO FINANCIAL INVESTORS DESTABILIZE THE OIL PRICE? 1 by Marco J. Lombardi 2 and Ine Van Robays 3 1 This paper was initiated when the second author was with the European Central Bank. Without implicating, we would like to thank Bahattin Büyüksahin, Gert Peersman, Jaap Bos, Julio Carrillo, Lutz Kilian, Punnoose Jacob, Sandra Eickmeier and an anonymous referee for their useful comments and suggestions. 2 Directorate General Economics, European Central Bank, Kaiserstrasse 29, D-60311 Frankfurt am Mai, Germany; e-mail: marco.lombardi@ecb.europa.eu 3 Department of Financial Economics, Ghent University, Woodrow Wilsonplein 5D, B-9000 Gent,

238

Oil resources: the key to prosperity or to poverty? : Influence of oil price shocks on spending of oil revenues.  

E-Print Network (OSTI)

??Abundant natural resources, in particular oil, play an important role in the economics of many countries. The oil price shocks that have been happening continuously… (more)

Selivanova, Olga

2008-01-01T23:59:59.000Z

239

Correlation structure and principal components in global crude oil market  

E-Print Network (OSTI)

This article investigates the correlation structure of the global crude oil market using the daily returns of 71 oil price time series across the world from 1992 to 2012. We identify from the correlation matrix six clusters of time series exhibiting evident geographical traits, which supports Weiner's (1991) regionalization hypothesis of the global oil market. We find that intra-cluster pairs of time series are highly correlated while inter-cluster pairs have relatively low correlations. Principal component analysis shows that most eigenvalues of the correlation matrix locate outside the prediction of the random matrix theory and these deviating eigenvalues and their corresponding eigenvectors contain rich economic information. Specifically, the largest eigenvalue reflects a collective effect of the global market, other four largest eigenvalues possess a partitioning function to distinguish the six clusters, and the smallest eigenvalues highlight the pairs of time series with the largest correlation coefficie...

Dai, Yue-Hua; Jiang, Zhi-Qiang; Jiang, George J; Zhou, Wei-Xing

2014-01-01T23:59:59.000Z

240

Do High Oil Prices Presage Inflation? The Evidence from G-5 Countries  

E-Print Network (OSTI)

Do High Oil Prices Presage Inflation? The Evidence from G-5to be more sensitive to oil prices than in the U.S. , isa dollar denominated oil price. References Blanchard O.J.

LeBlanc, Michael; Chinn, Menzie David

2004-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


241

Multi-fractal Analysis of World Crude Oil Prices  

Science Journals Connector (OSTI)

In order to reveal the stylized facts of world crude oil prices, R/S (Rescaled Range Analysis) method is introduced in this paper. For illustration, WTI (West Texas Intermediate) and Brent daily crude oil prices are used in this paper. The calculated ...

Xiucheng Dong; Junchen Li; Jian Gao

2009-04-01T23:59:59.000Z

242

Understanding Price Volatility in Electricity Markets  

Science Journals Connector (OSTI)

This paper illustrates notions of volatility associated with power systems spot prices for electricity. The paper demonstrates a frequency-domain method useful to separate out periodic price variations from random variations. It then uses actual observed ... Keywords: electricity spot pricing, risk management

Fernando L. Alvarado; Rajesh Rajaraman

2000-01-01T23:59:59.000Z

243

A Contrast Between Distillate Fuel Oil Markets in Autumn 1996 and 1997  

Gasoline and Diesel Fuel Update (EIA)

Cheryl Cheryl J. Trench, an independent petroleum analyst, contributed to this article. Unless otherwise referenced, data in this article are taken from the following Energy Information Administration sources: Weekly Petroleum Status Report, DOE/EIA-0208; Petroleum Supply Monthly, DOE/EIA-0109; Petroleum Supply Annual, DOE/EIA-0340; Petroleum Marketing Monthly, DOE/EIA-0380; Short-Term Energy Outlook, DOE/EIA-0202; and Short-Term Integrated Forecasting System. 1996 Factor 1997 Record low Previous end-winter stocks In the historical range High Prevailing prices $5/barrel lower (WTI) Falling prices Price expectations (overall) Stable prices Falling prices Price expectations (heating oil) Seasonally higher prices Strong growth Off-season demand Weaker growth Europe out-bidding US World competition for heating oil Europe's markets calm Untested; Trainor

244

Estimating VaR and ES of the spot price of oil using futures-varying centiles  

Science Journals Connector (OSTI)

This paper illustrates the power of modern statistical modelling in estimating measures of market risk, here applied to the Brent and WTI spot price of oil. Both Value-at-Risk (VaR) and Expected Shortfall (ES) are cast in terms of conditional centiles based upon semi-parametric regression models. Using the GAMLSS statistical framework, we stress the important aspects of selecting a highly flexible parametric distribution (skewed Student's t-distribution) and of modelling both skewness and kurtosis as non-parametric functions of the price of oil futures. Furthermore, an empirical application characterises the relationship between spot oil prices and oil futures - exploiting the futures market to explain the dynamics of the physical market. Our results suggest that NYMEX WTI has heavier tails compared with the ICE Brent. Contrary to the common platitude of the industry, we argue that 'somebody knows something' in the oil business.

Giacomo Scandroglio; Andrea Gori; Emiliano Vaccaro; Vlasios Voudouris

2013-01-01T23:59:59.000Z

245

Arbitrage free cointegrated models in gas and oil future markets  

E-Print Network (OSTI)

In this article we present a continuous time model for natural gas and crude oil future prices. Its main feature is the possibility to link both energies in the long term and in the short term. For each energy, the future returns are represented as the sum of volatility functions driven by motions. Under the risk neutral probability, the motions of both energies are correlated Brownian motions while under the historical probability, they are cointegrated by a Vectorial Error Correction Model. Our approach is equivalent to defining the market price of risk. This model is free of arbitrage: thus, it can be used for risk management as well for option pricing issues. Calibration on European market data and numerical simulations illustrate well its behavior.

Benmenzer, Grégory; Jérusalem, Céline

2007-01-01T23:59:59.000Z

246

Energy Information Administration (EIA) - High World Oil Price Case  

Gasoline and Diesel Fuel Update (EIA)

High World Oil Price Case Projections Tables (1990-2030) High World Oil Price Case Projections Tables (1990-2030) International Energy Outlook 2007 High World Oil Price Case Projections Tables (1990-2030) Formats Data Table Titles (1 to 12 complete) High World Oil Price Case Projections Tables. Need help, contact the National Energy Information Center at 202-586-8800. High World Oil Price Case Tables. Need help, contact the National Energy Information Center at 202-586-8800. Table D1 World Total Primary Energy Consumption by Region Table D1. World Total Primary Energy Consumption by Region. Need help, contact the National Energy Information Center at 202-586-8800. Table D2 World Total Energy Consumption by Region and Fuel Table D2. World total Energy Consumption by Region and Fuel. Need help, contact the National Energy Information Center at 202-586-8800.

247

Pricing Energy in a Multi-Utility Market  

Science Journals Connector (OSTI)

We present a solution to the problem of tariff design for an energy supplier (utility). The tariffs for electricity ... prices for trading electricity on a day-ahead market like the European Energy Exchange (EEX)...

Markus Franke; Andreas Kamper; Anke Eßer

2007-01-01T23:59:59.000Z

248

Propane Prices Influenced by Crude Oil and Natural Gas  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: Propane prices have been high this year for several reasons. Propane usually follows crude oil prices more closely than natural gas prices. As crude oil prices rose beginning in 1999, propane has followed. In addition, some early cold weather this year put extra pressure on prices. However, more recently, the highly unusual surge in natural gas prices affected propane supply and drove propane prices up. Propane comes from two sources of supply: refineries and natural gas processing plants. The very high natural gas prices made it more economic for refineries to use the propane they normally produce and sell than to buy natural gas. The gas processing plants found it more economic to leave propane in the natural gas streams than to extract it for sale separately.

249

Fractality feature in oil price fluctuations  

E-Print Network (OSTI)

The scaling properties of oil price fluctuations are described as a non-stationary stochastic process realized by a time series of finite length. An original model is used to extract the scaling exponent of the fluctuation functions within a non-stationary process formulation. It is shown that, when returns are measured over intervals less than 10 days, the Probability Density Functions (PDFs) exhibit self-similarity and monoscaling, in contrast to the multifractal behavior of the PDFs at macro-scales (typically larger than one month). We find that the time evolution of the distributions are well fitted by a Levy distribution law at micro-scales. The relevance of a Levy distribution is made plausible by a simple model of nonlinear transfer

Momeni, M; Talebi, K

2008-01-01T23:59:59.000Z

250

Oil depletion or a market problem? A framing analysis of peak oil in The Economist news magazine  

Science Journals Connector (OSTI)

Abstract Despite an increase of oil production from unconventional resources, concerns about the depletion of ‘cheap oil’ are more imminent than ever. Recognising the importance of media in influencing public opinion, risk perceptions and policy making, this research presents a framing analysis of peak oil in The Economists’ news magazine (2008 and 2012). One hundred and seventy articles, of which 58 focused on energy security and oil production, were analysed using content and discourse analysis. Coverage was multi-facetted, and included oil depletion as one storyline within the supply challenge frame, especially during times of very high oil prices. Oil prices and the rapid growth in ‘fracking’ were found to be critical discourse moments, influencing the nature of oil coverage in The Economist. Overall, due to The Economist's neoliberal ideology and the resulting optimistic framing of market forces and new technologies, this research found that the news magazine does not contribute majorly to enhancing the public debate on peak oil.

Susanne Becken

2014-01-01T23:59:59.000Z

251

The Price of Oil Risk Steven D. Baker, Bryan R. Routledge,  

E-Print Network (OSTI)

The Price of Oil Risk Steven D. Baker, Bryan R. Routledge, September 2011 [December 20, 2012 multiple goods. We use this optimal consumption allocation to derive a pricing kernel and the price of oil for oil. As an example, in a calibrated version of our model we show how rising oil prices and falling oil

252

Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.  

E-Print Network (OSTI)

contractual, energy and market-related characteristics. Alocal-level wholesale energy market price dynamics and localof the relationship between energy factor markets, leasing

Jaffee, Dwight M.; Stanton, Richard; Wallace, Nancy E.

2010-01-01T23:59:59.000Z

253

Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.  

E-Print Network (OSTI)

contractual, energy and market-related characteristics. Alocal-level wholesale energy market price dynamics and localfunction of local energy-market and weather characteristics

Jaffee, Dwight; Stanton, Richard; Wallace, Nancy

2012-01-01T23:59:59.000Z

254

Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S.  

E-Print Network (OSTI)

contractual, energy and market-related characteristics. Afunction of local energy-market and weather characteristicslocal-level wholesale energy market price dynamics and local

Jaffee, Dwight; Stanton, Richard; Wallace, Nancy

2012-01-01T23:59:59.000Z

255

Beyond Market Prices: Improving Productivity and Profitability of Small Farmers  

E-Print Network (OSTI)

Beyond Market Prices: Improving Productivity and Profitability of Small Farmers Tapan S. Parikh of the poorest countries (WDR 2008) · Doing so more efficiently can reduce natural resource consumption - Quality Control, Certification and Marketing for Cooperatives · Avaaj Otalo - Farmer to Farmer Knowledge

Parikh, Tapan S.

256

10/02/2007 07:40 PMStock market news and prices Page 1 of 3http://markets.chron.com/chron?ChannelID=3206&GUID=3074055&Page=MediaViewer  

E-Print Network (OSTI)

10/02/2007 07:40 PMStock market news and prices Page 1 of 3http 2747.11 S&P 500 1546.63 OIL 45.50 Presence Of Essential Molecule In Space Could Support Life On Other & Public Notices #12;10/02/2007 07:40 PMStock market news and prices Page 2 of 3http

Glaser, Rainer

257

Causality and volatility spillovers among petroleum prices of WTI, gasoline and heating oil in different locations  

Science Journals Connector (OSTI)

This paper examines the time series properties of daily spot and futures prices for three petroleum types traded at five commodity centers within and outside the United States. Examining five combinations of the spot and futures prices by petroleum type and trading center, the cointegration tests of each of these five groups suggest that spot and futures contracts offer little room for long-run commodity portfolio diversification. In the West Texas Intermediate (WTI) crude-oil group, the VEC model indicates that the New York Mercantile Exchange (NYMEX) 1-month futures price has the upper hand in terms of directional causality and volatility spillovers. In the NYMEX gasoline system, there are bi-directional causality relationships among all the gasoline spot and futures prices, but the spot price produces the greatest spillover. In the NYMEX heating oil system, information transmission and predictability among the spot, 1- and 3-month futures are found to be particularly strong and significant. In the international gasoline spot market, contrary to the world crude-oil market, there is no apparent world gasoline spot leader for the gasoline spot prices.

Shawkat Hammoudeh; Huimin Li; Bang Jeon

2003-01-01T23:59:59.000Z

258

Modeling of Energy Production Decisions: An Alaska Oil Case Study  

E-Print Network (OSTI)

and Weimer, D.L. (1984) Oil prices shock, market response,OPEC behavior and world oil prices (pp. 175-185) London:many decades. Recent high oil prices have caused oil-holding

Leighty, Wayne

2008-01-01T23:59:59.000Z

259

Price relationships and market integration in the Swedish wood fuel market  

Science Journals Connector (OSTI)

Cointegration analysis is applied to the prices of three different wood fuel assortments in the Swedish market: refined wood fuels, forest chips and industrial by-products. For the latter two, the price series are separated according to two consumer categories: district heating (DH) plants and industrial consumers. Two types of analyses are performed. The first concerns whether the fuels within each consumer group can be bundled together as belonging to the same market in terms of product homogeneity. The second involves analysis of the prices of homogeneous fuels in the two consumer categories. It is found that in the DH sector, refined wood fuels should be observed as a separate market because their prices do not share a common trend with the prices of any of the other fuels. This lack of a common trend is likely due to the highly internationalized nature of the wood pellet market. The DH prices of forest chips and industrial by-products follow a common trend, as do the prices paid for industrial by-products by DH plants and industrial consumers. The prices of forest chips paid by industrial consumers and DH plants do not share a common trend. The prices paid by industrial consumers for industrial by-products and forest chips also do not share a common trend. These results highlight both the differences between the markets for unrefined and refined wood fuels and the presence of inefficiencies in the Swedish wood fuel market.

Olle Olsson; Bengt Hillring

2013-01-01T23:59:59.000Z

260

Table 22. Domestic Crude Oil First Purchase Prices for Selected...  

U.S. Energy Information Administration (EIA) Indexed Site

company data. Source: Energy Information Administration, Form EIA-182, "Domestic Crude Oil First Purchase Report." 44 Energy Information AdministrationPetroleum Marketing Annual...

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


261

Identifying the Oil Price-Macroeconomy Relationship: An Empirical Mode Decomposition Analysis of U.S. Data  

SciTech Connect

This work applies the empirical mode decomposition (EMD) method to data on real quarterly oil price (West Texas Intermediate - WTI) and U.S. gross domestic product (GDP). This relatively new method is adaptive and capable of handling non-linear and non-stationary data. Correlation analysis of the decomposition results was performed and examined for insights into the oil-macroeconomy relationship. Several components of this relationship were identified. However, the principal one is that the medium-run cyclical component of the oil price exerts a negative and exogenous influence on the main cyclical component of the GDP. This can be interpreted as the supply-driven or supply-shock component of the oil price-GDP relationship. In addition, weak correlations suggesting a lagging demand-driven, an expectations-driven, and a long-run supply-driven component of the relationship were also identified. Comparisons of these findings with significant oil supply disruption and recession dates were supportive. The study identified a number of lessons applicable to recent oil market events, including the eventuality of persistent economic and price declines following a long oil price run-up. In addition, it was found that oil-market related exogenous events are associated with short- to medium-run price implications regardless of whether they lead to actual supply disruptions.

Oladosu, Gbadebo A [ORNL

2009-01-01T23:59:59.000Z

262

Evidence on Financial-Physical Interactions in the U.S. Crude Oil Market  

Gasoline and Diesel Fuel Update (EIA)

Contango in Cushing? Contango in Cushing? Evidence on Financial-Physical Interactions in the U.S. Crude Oil Market Background The U.S. Energy Information Administration (EIA) launched its Energy and Financial Markets Initiative (EFMI) in September 2009. As part of this initiative, EIA and the University of Oklahoma (OU) surveyed the current academic literature pertaining to price formation, volatility, and the role of hedging and speculation in the global oil market. The survey results were summarized in "Factors Influencing Oil Prices: A Survey of the Current State of Knowledge in the Context of the 2007-08 Oil Price Volatility," which was released in August 2011 and posted on the EIA website. The report identified additional data that could be used to generate more

263

Psychological barriers in oil futures markets  

Science Journals Connector (OSTI)

Abstract WTI and Brent futures are tested for the presence of psychological barriers around $10 price levels, applying a multiple hypothesis testing approach for statistical robustness. Psychological barriers are found to be present in Brent prices but not in WTI prices, which is argued to be due to the more prominent role that Brent plays as a global benchmark and, based on recent behavioural finance research, the greater complexity inherent in Brent fundamental value determination. Brent particularly displays evidence that when breaching a $10 barrier level from below with rising prices, the trend is for prices to fall on average subsequently. Similar behavioural-based patterns are evidenced at the $1 barrier level for the WTI–Brent spread. We show that psychological barriers only appear to influence prices in the pre-credit crisis period of 1990–2006, with such effects dissipating during the crisis and as markets reverted back to wider economy focused fundamentals. A range of reaction windows are applied with the main finding being that the trading potential around such psychological barrier levels is primarily in the immediate 1–5 days following a breach. The research contributes to the scant existing research on psychological influences on energy market traders, and suggests strong potential for further application of behavioural finance theories to improving understanding of energy markets price dynamics.

Michael Dowling; Mark Cummins; Brian M. Lucey

2014-01-01T23:59:59.000Z

264

The pass through of oil prices into euro area consumer liquid fuel prices in an environment of high and volatile oil prices  

Science Journals Connector (OSTI)

Crude and refined oil prices have been relatively high and volatile on a sustained basis since 1999. This paper considers the pass through of oil prices into consumer liquid (i.e. petrol, diesel and heating) fuel prices in such an environment. The pass through of oil prices into consumer liquid fuel prices has already been addressed extensively in the literature. Nonetheless much of this literature has either focused on the United States or on a time period when oil prices were relatively stable, or has used monthly data. The main contribution of this paper is a comprehensive combination of many features that have been considered before but rarely jointly. These features include: (1) the analysis of the euro area as an aggregate and a large number of countries (the initial 12 member states); (2) the consideration of different time periods; (3) the modelling of the data in raw levels rather than in log levels. This turns out to have important implications for our findings; (4) the use of high frequency (weekly) data, which, as results will suggest, are the lowest frequency one should consider; (5) the investigation of the different stages of the production chain from crude oil prices to retail distribution — refining costs and margins, distribution and retailing costs and margins; (6) the examination of prices including and excluding taxes — excise and value-added; (7) the modelling of prices for three fuel types — passenger car petrol and diesel separately and home heating fuel oil; (8) lastly we also address the issue of possible asymmetries, allowing for the pass through to vary according to (a) whether price are increasing or decreasing and (b) whether price levels are above or below their equilibrium level. The main findings are as follows: First, as distribution and retailing costs and margins have been broadly stable on average, the modelling of the relationship between consumer prices excluding taxes and upstream prices in raw levels rather than in logarithms has important implications for the stability of estimates of pass through when oil price levels rise significantly. Second, considering spot prices for refined prices improves significantly the fit of the estimated models relative to using crude oil prices. It also results in more economically meaningful results concerning the extent of pass through. Third, oil price pass through occurs quickly, with 90% occurring within three to five weeks. Fourth, using a relatively broad specification allowing for asymmetry in the pass through from upstream to downstream prices, there is little evidence of statistically significant asymmetries. Furthermore, even where asymmetry is found to be statistically significant, it is generally not economically significant. Lastly, these results generally hold across most euro area countries with few exceptions.

Aidan Meyler

2009-01-01T23:59:59.000Z

265

The Relationship Between Crude Oil and Natural Gas Prices  

Gasoline and Diesel Fuel Update (EIA)

Administration, Office of Oil and Gas, October 2006 Administration, Office of Oil and Gas, October 2006 1 The Relationship Between Crude Oil and Natural Gas Prices by Jose A. Villar Natural Gas Division Energy Information Administration and Frederick L. Joutz Department of Economics The George Washington University Abstract: This paper examines the time series econometric relationship between the Henry Hub natural gas price and the West Texas Intermediate (WTI) crude oil price. Typically, this relationship has been approached using simple correlations and deterministic trends. When data have unit roots as in this case, such analysis is faulty and subject to spurious results. We find a cointegrating relationship relating Henry Hub prices to the WTI and trend capturing the relative demand and supply effects over the 1989-through-2005 period. The dynamics of the relationship

266

Past, present and future evolution of oil prices  

E-Print Network (OSTI)

This thesis reviews how oil price has evolved throughout time since it was discovered and commercially exploited in 1859 in Pennsylvania. Rather than a pure economic study, this thesis illustrates how major historic and ...

Corsetti, Manuel

2010-01-01T23:59:59.000Z

267

Has Oil Price Predicted Stock Returns for Over a Century?  

Science Journals Connector (OSTI)

Abstract This paper contributes to the debate on the role of oil prices in predicting stock returns. The novelty of the paper is that it considers monthly time-series historical data that span over 150 years (1859:10-2013:12) and applies a predictive regression model that accommodates three salient features of the data, namely, a persistent and endogenous oil price, and model heteroskedasticity. Three key findings are unraveled: First, oil price predicts US stock returns. Second, in-sample evidence is corroborated by out-sample evidence of predictability. Third, both positive and negative oil price changes are important predictors of US stock returns, with negative changes relatively more important. Our results are robust to the use of different estimators and choice of in-sample periods.

Paresh Kumar Narayan; Rangan Gupta

2014-01-01T23:59:59.000Z

268

Examining the nature of the relationship between Tapis crude oil and Singapore petrol prices  

Science Journals Connector (OSTI)

Fuel prices play a crucial role in the supply side of many economies across the globe. Hence, it is important to ensure that fuel pricing is efficient and free from any asymmetric behaviour. This paper examines the long- and short-run relationships between the price of unleaded petrol in Singapore (Mogas95) and the price of Tapis crude oil using 4,929 daily observations (4 June 1993-25 April 2012). As expected, we found that these two key energy indicators are cointegrated. We then developed a modelling framework that allowed us to test for adjustment asymmetries that distinguish between the size and sign of disequilibria, proxied by three different error correction terms. We found no significant evidence of any asymmetric pricing behaviour and market inefficiency. However, our results revealed a significant weekly cyclical pattern, with petrol being more expensive on Thursdays/Fridays than the rest of the week.

Abbas Valadkhani; Martin O'Brien; Amir Arjomandi

2013-01-01T23:59:59.000Z

269

Green Pricing Program Marketing Expenditures: Finding the Right Balance  

SciTech Connect

In practice, it is difficult to determine the optimal amount to spend on marketing and administering a green pricing program. Budgets for marketing and administration of green pricing programs are a function of several factors: the region of the country; the size of the utility service area; the customer base and media markets encompassed within that service area; the point or stage in the lifespan of the program; and certainly, not least, the utility's commitment to and goals for the program. All of these factors vary significantly among programs. This report presents data on programs that have funded both marketing and program administration. The National Renewable Energy Laboratory (NREL) gathers the data annually from utility green pricing program managers. Programs reporting data to NREL spent a median of 18.8% of program revenues on marketing their programs in 2008 and 16.6% in 2007. The smallest utilities (those with less than 25,000 in their eligible customer base) spent 49% of revenues on marketing, significantly more than the overall median. This report addresses the role of renewable energy credit (REC) marketers and start-up costs--and the role of marketing, generally, in achieving program objectives, including expansion of renewable energy.

Friedman, B.; Miller, M.

2009-09-01T23:59:59.000Z

270

A k-factor GIGARCH process: Estimation and Application on electricity market spot prices.  

E-Print Network (OSTI)

A k-factor GIGARCH process: Estimation and Application on electricity market spot prices. Abdou Kâ time series of market data, such as electricity spot price, exhibit long-memory, in the sense of slowly this approach to electricity prices (spot prices) from the German energy market (European Energy e

Paris-Sud XI, Université de

271

Are unleaded gasoline and diesel price adjustments symmetric? A comparison of the four largest EU retail fuel markets  

Science Journals Connector (OSTI)

Abstract The purpose of this paper is to examine the nature of price adjustments in the gasoline markets of Germany, France, Italy and Spain. We examine whether crude oil prices are transmitted to the retail gasoline prices in the short and long run and we test the symmetry of price adjustments hypothesis. An Error Correction Model, which accounts for possible asymmetric adjustment behavior, is applied for the estimation of the international crude oil price pass-through and testing of the symmetric/asymmetric nature of the retail fuel price adjustments in these economies. Our results show that rigidities in the transmission process exist but the retail fuel speed of upward/downward price adjustment to equilibrium is considered as symmetric in all four economies analyzed. Thus, our findings on the whole do not provide firm evidence to support the “rockets and feathers” hypothesis that crude oil price increases are passed along to the retail customer more fully than the crude oil price decreases.

Stelios Karagiannis; Yannis Panagopoulos; Prodromos Vlamis

2014-01-01T23:59:59.000Z

272

Cost, Conflict and Climate: U.S. Challenges in the World Oil Market  

E-Print Network (OSTI)

at the world price of oil and prices of gasoline and otherincremental pro?ts when oil prices rise come from both U.S.the recent increases in oil prices and attempts to clarify

Borenstein, Severin

2008-01-01T23:59:59.000Z

273

Fundamentals Explain High Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: One can use a simple model to deal with price/fundamental relationships. This one predicts monthly average WTI price as a function of OECD total petroleum stock deviations from the normal levels. The graph shows the model as it begins predicting prices in 1992. It shows how well the model has predicted not only the direction, but the magnitude of prices over this 8+ year period. While the model is simple and not perfect, it does predict the overall trends and, in particular, the recent rise in prices. It also shows that prices may have over-shot the fundamental balance for a while -- at least partially due to speculative concerns over Mideast tensions, winter supply adequacy, and Iraq's export policies. Prices moved lower in December, and even undershot briefly the

274

PJM's Capacity Market in a Price-Spike World Steven Stoft  

E-Print Network (OSTI)

PWP-077 PJM's Capacity Market in a Price-Spike World Steven Stoft May, 2000 This paper is part, California 94720-5180 www.ucei.org #12;PJM's Capacity Market in a Price-Spike World Steven Stoft 1 May 7, 2000 Abstract PJM's market was designed to rely on a capacity market instead of price-spikes to induce

California at Berkeley. University of

275

Herd mentality and oil prices: implications for sustainability  

Science Journals Connector (OSTI)

Despite the current volatility (early 2007), oil prices have experienced a persistently upward trend since 2004. By examining the cascading and stochastic models of herding, the paper looks at the role of herding and diminishing resources behind the volatility and rapid rise in oil prices. A main argument here is that the existence of institutional herding is not incompatible with the entry of noise traders; it rather leads and complements them. The paper also shows that persistent rise may in fact encourage sustainable alternative sources of energy to save the pernicious impact of herding, which can always rattle the prices dissuading the investors from investing in alternative energy. The methodology is based on literature review and the relevant data on oil prices.

Hosein Piranfar

2010-01-01T23:59:59.000Z

276

Market Maker Inventories and Stock Prices Terrence Hendershott  

E-Print Network (OSTI)

complement past returns when predicting return reversals. A portfolio long high-inventory/low-return stocks and short low-inventory/high-return stocks yields 1.05% over the following 5 days. Order imbalancesMarket Maker Inventories and Stock Prices Terrence Hendershott U.C. Berkeley Mark S. Seasholes U

Kearns, Michael

277

Existence Advertising, Price Competition, and Asymmetric Market Structure  

E-Print Network (OSTI)

Existence Advertising, Price Competition, and Asymmetric Market Structure B. Curtis Eaton Ian Mac static properties. We then examine the two stage game in which firms advertise their existence in stage 1 to the two stage game is asymmetric, and far from the Bertrand equilibrium. Keywords: Existence advertising

Hickman, Mark

278

Analysis on various pricing scenarios in a deregulated electricity market  

E-Print Network (OSTI)

II TEXAS MARKET CONDITIONS.......................................................................25 A. Natural Gas..............................................................................25 III ELECTRICITY PRICING STRUCTURE... ....................................46 A. Texas A&M University at Corpus Christi...............................47 B. Texas A&M University at Galveston......................................55 C. Texas A&M University at Kingsville .....................................61 D. Texas A...

Afanador Delgado, Catalina

2006-10-30T23:59:59.000Z

279

Econometric analysis of Australian emissions markets and electricity prices  

Science Journals Connector (OSTI)

Abstract Emissions trading schemes aim to reduce the emissions in certain pollutants using a market based scheme where participants can buy and sell permits for these emissions. This paper analyses the efficiency of the two largest schemes in Australia, the NSW Greenhouse Gas Abatement Scheme and the Mandatory Renewable Energy Trading Scheme, through their effect on the electricity prices from 2004 to 2010. We use a long run structural modelling technique for the first time on this market. It provides a practical long-run approach to structural relationships which enable the determination of the effectiveness of the theoretical expectations of these schemes. The generalised forecast error variance decomposition analysis finds that both schemes? emissions prices have little effect on electricity prices. Generalised impulse response function analysis support this finding indicating that when shocks are applied to electricity by the two schemes it returns to equilibrium very quickly. This indicates that these schemes are not having the effect anticipated in their legislation.

Deborah Cotton; Lurion De Mello

2014-01-01T23:59:59.000Z

280

EIA - Special Report 8/29/05 - Hurricane Katrina's Impact on Oil Markets  

U.S. Energy Information Administration (EIA) Indexed Site

the U.S. Oil Market the U.S. Oil Market Hurricane Katrina's Impact on the U.S. Oil Market As of 3:00 pm, Monday, August 29 --SEE MOST RECENT-- According to the Minerals Management Service (MMS), Gulf of Mexico oil production was reduced by about 1.4 million barrels per day as a result of Hurricane Katrina. The MMS also reported that 8.3 billion cubic feet per day of natural gas production was shut in. The Louisiana Offshore Oil Port (LOOP) stopped making shipments to onshore facilities as of Saturday, and was supplying its customers with oil stored onshore. However, even these operations were stopped on Sunday in order to give employees time to evacuate. Typically, about 1 million barrels per day goes through the LOOP. As of the close of trading on Monday, the WTI futures price was $67.20, up $1.07 per barrel from Friday's closing price, while gasoline and heating oil futures prices were up 14.4 and 7.2 cents respectively from Friday's closing prices.

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


281

OPEC Prices Make Heavy Oil Look Profitable  

Science Journals Connector (OSTI)

...barrels of heavy oil, a lighter...defined as any oil heavier than...flows into production lines at a profitable rate. Oil from the sands...strip-mine operations linked by...upgrading" equipment, in the industry...Ath-abaska field. Construction...summer. Its cost was $2...894 nerve gas ("Weteye...

ELIOT MARSHALL

1979-06-22T23:59:59.000Z

282

Data driven medium term electricity price forecasting in ontario electricity market and Nord Pool.  

E-Print Network (OSTI)

??Having accurate predictions on market price variations in the future is of great importance to participants in today’s electricity market. Many studies have been done… (more)

Torbaghan, Shahab Shariat

2010-01-01T23:59:59.000Z

283

Price Forecasting and Optimal Operation of Wholesale Customers in a Competitive Electricity Market.  

E-Print Network (OSTI)

??This thesis addresses two main issues: first, forecasting short-term electricity market prices; and second, the application of short-term electricity market price forecasts to operation planning… (more)

Zareipour, Hamidreza

2006-01-01T23:59:59.000Z

284

Modelling locational price spreads in competitive electricity markets; applications for transmission rights valuation and replication  

Science Journals Connector (OSTI)

......price of fuel (oil, gas, and coal...feeds into the price of electricity...the emergence of heating and cooling degree...locational power price risk. Changes...derivatives (heating and cooling degree...supply side, the price of fuel for power...Futures contracts on oil and gas, both......

Petter Skantze; Marija Ilic; Andrej Gubina

2004-10-01T23:59:59.000Z

285

Price and transaction volume in the Dutch housing market  

Science Journals Connector (OSTI)

Housing markets typically exhibit a strong positive correlation between the rate of price increase and the number of houses sold. We document this correlation on high-quality Dutch data for the period 1985–2007, and estimate a VEC-model that allows us to study the mechanism giving rise to the correlation. The data identify the flows of new houses offered for sale as well as the number of houses sold. According to the estimated model, shocks to market fundamentals (the mortgage rate) have an immediate and significant impact on the rate of sale, little impact on the rate of entry of new houses for sale, and a gradual impact on the house prices. This pattern is consistent with an economy where buyers and sellers gradually learn about changes in market conditions.

Erik R. de Wit; Peter Englund; Marc K. Francke

2013-01-01T23:59:59.000Z

286

Price Dispersion in the Housing Market: The Role of Bargaining and Search Costs  

E-Print Network (OSTI)

Price Dispersion in the Housing Market: The Role of Bargaining and Search Costs Gaetano Lisi a basic fact of housing markets: price dispersion. The variance in house prices is basically due to both the deal. Furthermore, the house price is substantially determined by bargaining between the parties

Boyer, Edmond

287

Market Design and Price Behavior in Restructured Electricity Markets: An International Comparison  

E-Print Network (OSTI)

on Workable Energy Regulation (POWER). POWER is a program of the University of California Energy Institute of California Energy Institute 2539 Channing Way Berkeley, California 94720-5180 www.ucei.berkeley.edu/ucei #12 of market- clearing prices. Using evidence on the design of electricity markets in England and Wales, Norway

California at Berkeley. University of

288

Are oil prices going to remain volatile?  

Science Journals Connector (OSTI)

For numerous planning problems in industrial but also in private management the expectation of future energy prices remains a crucial parameter. On the basis ... a comprehensive demand/supply model for the world

Dr. F. Wirl

1985-04-01T23:59:59.000Z

289

Quantitative Model of Price Diffusion and Market Friction Based on Trading as a Mechanistic Random Process  

E-Print Network (OSTI)

Quantitative Model of Price Diffusion and Market Friction Based on Trading as a Mechanistic Random 2002; published 13 March 2003) We model trading and price formation in a market under the assumption for the most basic properties of markets, such as the diffusion rate of prices (which is the standard measure

290

Impact of Storage on the Efficiency and Prices in Real-Time Electricity Markets  

E-Print Network (OSTI)

Impact of Storage on the Efficiency and Prices in Real-Time Electricity Markets Nicolas Gast Jean in dynamic real-time electricity markets. We consider that demand and renewable generation are stochastic of a competitive equilibrium when players are price-takers (they do not affect market prices). We further establish

Paris-Sud XI, Université de

291

IEEE TRANSACTIONS ON POWER SYSTEMS 1 Economic Impact of Electricity Market Price  

E-Print Network (OSTI)

IEEE TRANSACTIONS ON POWER SYSTEMS 1 Economic Impact of Electricity Market Price Forecasting Errors to forecast electricity market prices and improve forecast accuracy. However, no studies have been reported, the application of electricity market price forecasts to short-term operation scheduling of two typical

Cañizares, Claudio A.

292

Market dynamics and price stability: the case of the global energy market  

Science Journals Connector (OSTI)

In the present century, the potential for growth in the world demand for energy is enormous due to growing industrialisation, economic advancement and population growth far and wide. However, there is hardly any consensus on strategies to encourage smooth supplies and sustainable prices in the energy markets. This paper examines the current market conditions of the energy market and the mechanism used by OPEC for pricing. Lessons from past years are used to design policies aimed at creating a win-win situation for energy producers and consumers.

Quhafah Mahasneh

2003-01-01T23:59:59.000Z

293

Summary Statistics Table 1. Crude Oil Prices  

Annual Energy Outlook 2012 (EIA)

Energy Information Administration, Form FEA-P110-M-1, "Refiners' Monthly Cost Allocation Report," January 1978 through June 1978; Form ERA-49, "Domestic Crude Oil Entitlements...

294

Optimal operating strategies coping with uncertainties of world oil prices for China's strategic petroleum reserve  

Science Journals Connector (OSTI)

Since 2003, China has begun to establish its own strategic petroleum reserves (SPR) to strengthen its oil supply security. Due to the unpredictable feature of the oil supply interruption or sudden price rising, questions about operating the SPR become an important issue for China's policy makers. This paper analysed the operating strategies for China's SPR by developing a stochastic dynamic programming model, which considered uncertainties of the world oil prices and the construction process of China's SPR sites. Different situations, including normal world oil prices, short-term world oil price rising, continuously high world oil prices and continuously oil price decrease were considered and discussed. Optimal SPR operating strategies coping with uncertainties of world oil prices for China were derived and relevant policy implications were obtained. The influence effects on world oil price caused by the acquisition or drawdown actions of China's SPR were considered, too.

Xin Chen; Hailin Mu

2013-01-01T23:59:59.000Z

295

Using futures prices to filter short-term volatility and recover a latent, long-term price series for oil  

E-Print Network (OSTI)

Oil prices are very volatile. But much of this volatility seems to reflect short-term,transitory factors that may have little or no influence on the price in the long run. Many major investment decisions should be guided ...

Herce, Miguel Angel

2006-01-01T23:59:59.000Z

296

Testing the weak-form efficiency of the WTI crude oil futures market  

Science Journals Connector (OSTI)

Abstract The weak-form efficiency of energy futures markets has long been studied and empirical evidence suggests controversial conclusions. In this work, nonparametric methods are adopted to estimate the Hurst indexes of the WTI crude oil futures prices (1983–2012) and a strict statistical test in the spirit of bootstrapping is put forward to verify the weak-form market efficiency hypothesis. The results show that the crude oil futures market is efficient when the whole period is considered. When the whole series is divided into three sub-series separated by the outbreaks of the Gulf War and the Iraq War, it is found that the Gulf War reduced the efficiency of the market. If the sample is split into two sub-series based on the signing date of the North American Free Trade Agreement, the market is found to be inefficient in the sub-periods during which the Gulf War broke out. The same analysis on short-time series in moving windows shows that the market is inefficient only when some turbulent events occur, such as the oil price crash in 1985, the Gulf war, and the oil price crash in 2008.

Zhi-Qiang Jiang; Wen-Jie Xie; Wei-Xing Zhou

2014-01-01T23:59:59.000Z

297

Oil Prices, Opec and the Poor Oil Consuming Countries  

Science Journals Connector (OSTI)

In 1950, the year O.P.E.C. (Organisation of Petroleum Exporting Countries) was formed, the world oil industry was dominated by a group of seven oligopolistic major international oil companies, who were collective...

Biplab Dasgupta

1976-01-01T23:59:59.000Z

298

Cost, Conflict and Climate: U.S. Challenges in the World Oil Market  

E-Print Network (OSTI)

increases in the price of crude oil during the last half ofdollar-denominated price of crude oil increased about 50%.month contract) price per gallon of crude oil and gasoline

Borenstein, Severin

2008-01-01T23:59:59.000Z

299

Green Pricing Program Marketing Expenditures: Finding the Right Balance  

NLE Websites -- All DOE Office Websites (Extended Search)

449 449 September 2009 Green Pricing Program Marketing Expenditures: Finding the Right Balance Barry Friedman and Mackay Miller National Renewable Energy Laboratory 1617 Cole Boulevard, Golden, Colorado 80401-3393 303-275-3000 * www.nrel.gov NREL is a national laboratory of the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy Operated by the Alliance for Sustainable Energy, LLC Contract No. DE-AC36-08-GO28308 Technical Report NREL/TP-6A2-46449 September 2009 Green Pricing Program Marketing Expenditures: Finding the Right Balance Barry Friedman and Mackay Miller Prepared under Task No. SAO9.3003 NOTICE This report was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor any agency thereof, nor any of their employees, makes any

300

Vehicle Technologies Office: Fact #742: August 27, 2012 Oil Price and  

NLE Websites -- All DOE Office Websites (Extended Search)

2: August 27, 2: August 27, 2012 Oil Price and Economic Growth to someone by E-mail Share Vehicle Technologies Office: Fact #742: August 27, 2012 Oil Price and Economic Growth on Facebook Tweet about Vehicle Technologies Office: Fact #742: August 27, 2012 Oil Price and Economic Growth on Twitter Bookmark Vehicle Technologies Office: Fact #742: August 27, 2012 Oil Price and Economic Growth on Google Bookmark Vehicle Technologies Office: Fact #742: August 27, 2012 Oil Price and Economic Growth on Delicious Rank Vehicle Technologies Office: Fact #742: August 27, 2012 Oil Price and Economic Growth on Digg Find More places to share Vehicle Technologies Office: Fact #742: August 27, 2012 Oil Price and Economic Growth on AddThis.com... Fact #742: August 27, 2012 Oil Price and Economic Growth

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


301

EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow...  

Office of Energy Efficiency and Renewable Energy (EERE) Indexed Site

EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow April 1, 2009 - 11:35am Addthis The growth of...

302

Summary Statistics Table 1. Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

"Monthly Foreign Crude Oil Acquisition Report"; and Form EIA-14, "Refiners' Monthly Cost Report." 0 6 12 18 24 30 J F M A M J J A S O N D 1998 Dollars per Barrel RAC First...

303

Oil Prices, External Income, and Growth: Lessons from Jordan  

E-Print Network (OSTI)

. The theoretical model predicts real oil prices to be one of the main long-run drivers of real output. Using quarterly data between 1979 and 2009 on core macroeconomic variables for Jordan and a number of key foreign variables, we identify two long...

Mohaddes, Kamiar; Raissi, Mehdi

2011-12-08T23:59:59.000Z

304

Non-linearities in the dynamics of oil prices  

Science Journals Connector (OSTI)

Examining stationarity is of particular importance and represents the first step in empirical time-series research. Non-stationarity invalidates many of the results obtained from standard techniques and, therefore, requires special treatment. Because oil prices play an important role in affecting economic variables, this paper examines the stationarity of real oil prices (Brent, Dubai, WTI and the World) over the period 1973:2–2011:2. Real oil prices are expressed in the currencies of seven Asian countries (Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore and Thailand) and in the U.S. dollar. While using linear unit root tests without structural breaks shows no evidence of stationarity, allowing for breaks shows very limited evidence of stationarity. We argue that these results are attributed to the presence of nonlinearities in the behavior of oil prices. Testing for nonlinearity shows significant evidence of nonlinearity in all the cases with evidence of exponential smooth transition autoregression (ESTAR) nonlinearity-type in most cases. Applying unit root tests that account for two types of nonlinearities (smooth transition and nonlinear deterministic trends) reveals evidence of stationarity in all the cases.

Khalid M. Kisswani; Salah A. Nusair

2013-01-01T23:59:59.000Z

305

The oil price really is a speculative bubble  

E-Print Network (OSTI)

The oil price really is a speculative bubble. Yet only recently has the U.S. Congress, for example, showed recognition that this might even be a possibility. In general there seems to be a preference for the claim that the ...

Eckaus, Richard S.

2008-01-01T23:59:59.000Z

306

Econometric Modelling of World Oil Supplies: Terminal Price and the Time to Depletion  

E-Print Network (OSTI)

This paper develops a novel approach by which to identify the price of oil at the time of depletion; the so-called terminal price of oil. It is shown that while the terminal price is independent of both GDP growth and the price elasticity of energy...

Mohaddes, Kamiar

2012-03-02T23:59:59.000Z

307

Is There Evidence of Super Cycles in Oil Prices?* Abdel M. Zellou and John T. Cuddington**  

E-Print Network (OSTI)

Is There Evidence of Super Cycles in Oil Prices?* Abdel M. Zellou and John T. Cuddington** March 22: is there evidence of super cycles in crude oil prices? On one hand, one might expect the strong demand associated analysis suggests that there is strong evidence of super cycles in oil prices in the post-WWII period

308

OPEC Prices Make Heavy Oil Look Profitable  

Science Journals Connector (OSTI)

...19 (Canadian) per barrel. He seemed...000 barrels a day by 1986. It will...underground in-to production wells, and will...heavy oil's day has come. Brian...of capital cost per SCIENCE, VOL. 204 barrel a day of production, conventional...

ELIOT MARSHALL

1979-06-22T23:59:59.000Z

309

Market-oriented ethanol and corn-trade policies can reduce climate-induced US corn price volatility  

Science Journals Connector (OSTI)

Agriculture is closely affected by climate. Over the past decade, biofuels have emerged as another important factor shaping the agricultural sector. We ask whether the presence of the US ethanol sector can play a role in moderating increases in US corn price variability, projected to occur in response to near-term global warming. Our findings suggest that the answer to this question depends heavily on the underlying forces shaping the ethanol industry. If mandate-driven, there is little doubt that the presence of the corn-ethanol sector will exacerbate price volatility. However, if market-driven, then the emergence of the corn-ethanol sector can be a double-edged sword for corn price volatility, possibly cushioning the impact of increased climate driven supply volatility, but also inheriting volatility from the newly integrated energy markets via crude oil price fluctuations. We find that empirically the former effect dominates, reducing price volatility by 27%. In contrast, mandates on ethanol production increase future price volatility by 54% in under future climate after 2020. We also consider the potential for liberalized international corn trade to cushion corn price volatility in the US. Our results suggest that allowing corn to move freely internationally serves to reduce the impact of near-term climate change on US corn price volatility by 8%.

Monika Verma; Thomas Hertel; Noah Diffenbaugh

2014-01-01T23:59:59.000Z

310

Forecasting electricity spot market prices with a k-factor GIGARCH process.  

E-Print Network (OSTI)

Forecasting electricity spot market prices with a k-factor GIGARCH process. Abdou Kâ Diongue this method to the German electricity price market for the period August 15, 2000 - De- cember 31, 2002 and we; Electricity prices; Forecast; GIGARCH process. Corresponding author: Universite Gaston Berger de Saint

Paris-Sud XI, Université de

311

Price dynamics in a Markovian limit order market Rama CONT & Adrien de LARRARD  

E-Print Network (OSTI)

Price dynamics in a Markovian limit order market Rama CONT & Adrien de LARRARD December 2010 expressions for various quantities of interest such as the distribution of the duration between price changes, the distribution and autocorrelation of price changes, and the probability of an upward move in the price

Paris-Sud XI, Université de

312

Price dynamics in a Markovian limit order market Rama CONT & Adrien de LARRARD  

E-Print Network (OSTI)

Price dynamics in a Markovian limit order market Rama CONT & Adrien de LARRARD IEOR Dept, Columbia expressions for various quantities of interest such as the distribution of the duration between price changes, the distribution and autocorrelation of price changes, and the probability of an upward move in the price

Paris-Sud XI, Université de

313

Participatory Sensing in Commerce: Using Mobile Camera Phones to Track Market Price Dispersion  

E-Print Network (OSTI)

-of-concept participatory mobile camera-phone sensing systems that we have built: (1) automating fuel price collectionParticipatory Sensing in Commerce: Using Mobile Camera Phones to Track Market Price Dispersion In economics, price dispersion refers to the price difference of a homogeneous good across different vendors

Bulusu, Nirupama

314

Fossil fuel prices, exchange rate, and stock market: A dynamic causality analysis on the European market  

Science Journals Connector (OSTI)

The article investigates causality between fossil fuel prices, exchange rates and the German Stock Index (DAX). The analysis is conducted dynamically with the use of rolling VAR methodology on the basis of weekly data from the period October 2001–June 2012. The results obtained show that the relationship between the variables changed over time depending on the level of volatility in financial markets.

S?awomir ?miech; Monika Papie?

2013-01-01T23:59:59.000Z

315

Oil market power and United States national security  

Science Journals Connector (OSTI)

...cooperation to defend against some future price collapse. The cooperation challenge...in its Who Gets What from Imported Oil campaign: OPEC is perceived as being...responsible for high gasoline or heating oil prices. Nothing could be further from the...

Roger Stern

2006-01-01T23:59:59.000Z

316

A SURVEY OF COMMODITY MARKETS AND STRUCTURAL MODELS FOR ELECTRICITY PRICES  

E-Print Network (OSTI)

focus on the important role of other energy prices and fundamental factors in setting the power price sources, the main production process remains the conversion of fossil fuels like coal, gas and oil. Since

Carmona, Rene

317

Vehicle Technologies Office: Fact #495: November 12, 2007 Oil Price and  

NLE Websites -- All DOE Office Websites (Extended Search)

5: November 12, 5: November 12, 2007 Oil Price and Economic Growth, 1971-2006 to someone by E-mail Share Vehicle Technologies Office: Fact #495: November 12, 2007 Oil Price and Economic Growth, 1971-2006 on Facebook Tweet about Vehicle Technologies Office: Fact #495: November 12, 2007 Oil Price and Economic Growth, 1971-2006 on Twitter Bookmark Vehicle Technologies Office: Fact #495: November 12, 2007 Oil Price and Economic Growth, 1971-2006 on Google Bookmark Vehicle Technologies Office: Fact #495: November 12, 2007 Oil Price and Economic Growth, 1971-2006 on Delicious Rank Vehicle Technologies Office: Fact #495: November 12, 2007 Oil Price and Economic Growth, 1971-2006 on Digg Find More places to share Vehicle Technologies Office: Fact #495: November 12, 2007 Oil Price and Economic Growth, 1971-2006 on

318

Markets & Finance - U.S. Energy Information Administration (EIA)  

U.S. Energy Information Administration (EIA) Indexed Site

Markets & Finance Markets & Finance Glossary › FAQS › Overview Data Market Prices and Uncertainty Charts Archive Analysis & Projections Most Requested Electricity Financial Markets Financial Reporting System Working Papers Market Prices and Uncertainty Report What Drives Crude Oil Prices All Reports Don't miss: EIA's monthly Market Prices and Uncertainty Report or What Drives Crude Oil Prices? (an analysis of 7 key factors that may influence oil prices, physical market factorsand factors related to trading and financial markets). Crude oil price volatility and uncertainty› Evolution of WTI futures Source: U.S. Energy Information Administration, Short-Term Energy Outlook, Market Prices and Uncertainty Report. Heating oil price volatility and uncertainty› RBOB and Heating oil implied volatility

319

Energy dependence, oil prices and exchange rates: the Dominican economy since 1990  

Science Journals Connector (OSTI)

This paper studies the impact that oil prices have had on the floating exchange rate ... these two variables for large developed economies and oil-producing countries, always including the 1970s oil crises in the...

Diego Méndez-Carbajo

2011-04-01T23:59:59.000Z

320

Interrelations between the dynamics of oil prices and demand: Contemporary characteristics  

Science Journals Connector (OSTI)

The article shows that the unprecedented rise in oil prices was in recent years accompanied by an increase in oil consumption. The author considers the growth that was seen in the magnitude of oil sales despite m...

V. O. Yun’

2009-11-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


321

1. (F11PR) You are given: Year Oil Forward Price Zero Coupon ...  

E-Print Network (OSTI)

Apr 23, 2013 ... The price of 2 year oil swap which provides two barrels of oil at the end of one year and five barrels of oil at the end of two years is 137.60.

Jeff Beckley

2013-04-23T23:59:59.000Z

322

2007 Wholesale Power Rate Case Final Proposal : Market Price Forecast Study.  

SciTech Connect

This study presents BPA's market price forecasts for the Final Proposal, which are based on AURORA modeling. AURORA calculates the variable cost of the marginal resource in a competitively priced energy market. In competitive market pricing, the marginal cost of production is equivalent to the market-clearing price. Market-clearing prices are important factors for informing BPA's power rates. AURORA was used as the primary tool for (a) estimating the forward price for the IOU REP Settlement benefits calculation for fiscal years (FY) 2008 and 2009, (b) estimating the uncertainty surrounding DSI payments and IOU REP Settlements benefits, (c) informing the secondary revenue forecast and (d) providing a price input used for the risk analysis. For information about the calculation of the secondary revenues, uncertainty regarding the IOU REP Settlement benefits and DSI payment uncertainty, and the risk run, see Risk Analysis Study WP-07-FS-BPA-04.

United States. Bonneville Power Administration.

2006-07-01T23:59:59.000Z

323

Oil price shocks and their short-and long-term effects on the Chinese economy Weiqi Tang a  

E-Print Network (OSTI)

Oil price shocks and their short- and long-term effects on the Chinese economy Weiqi Tang a , Libo-correction model Oil-price shocks Price transmission mechanisms Investment Output Producer/consumer price index of oil-price shocks for the developed economies. However, there has been a lack of similar empirical

Matthews, Adrian

324

Jumps and stochastic volatility in crude oil futures prices using conditional moments of integrated volatility  

Science Journals Connector (OSTI)

Abstract We evaluate alternative models of the volatility of commodity futures prices based on high-frequency intraday data from the crude oil futures markets for the October 2001–December 2012 period. These models are implemented with a simple GMM estimator that matches sample moments of the realized volatility to the corresponding population moments of the integrated volatility. Models incorporating both stochastic volatility and jumps in the returns series are compared on the basis of the overall fit of the data over the full sample period and subsamples. We also find that jumps in the returns series add to the accuracy of volatility forecasts.

Christopher F. Baum; Paola Zerilli

2014-01-01T23:59:59.000Z

325

Relationship Between Wind Generation and Balancing Energy Market Prices in ERCOT: 2007-2009  

SciTech Connect

This paper attempts to measure the average marginal effects of wind generation on the balancing-energy market price in ERCOT with the help of econometric analysis.

Nicholson, E.; Rogers, J.; Porter, K.

2010-11-01T23:59:59.000Z

326

Price effects of airline consolidation: evidence from a sample of transatlantic markets  

Science Journals Connector (OSTI)

We offer an analysis of price effects of airline consolidation on a sample of transatlantic markets. While joining airlines’ networks through...

Volodymyr Bilotkach

2007-11-01T23:59:59.000Z

327

Japan's Solar Photovoltaic (PV) Market: An Analysis of Residential System Prices (Presentation)  

SciTech Connect

This presentation summarizes market and policy factors influencing residential solar photovoltaic system prices in Japan, and compares these factors to related developments in the United States.

James, T.

2014-03-01T23:59:59.000Z

328

Forecast Prices  

Gasoline and Diesel Fuel Update (EIA)

Notes: Notes: Prices have already recovered from the spike, but are expected to remain elevated over year-ago levels because of the higher crude oil prices. There is a lot of uncertainty in the market as to where crude oil prices will be next winter, but our current forecast has them declining about $2.50 per barrel (6 cents per gallon) from today's levels by next October. U.S. average residential heating oil prices peaked at almost $1.50 as a result of the problems in the Northeast this past winter. The current forecast has them peaking at $1.08 next winter, but we will be revisiting the outlook in more detail next fall and presenting our findings at the annual Winter Fuels Conference. Similarly, diesel prices are also expected to fall. The current outlook projects retail diesel prices dropping about 14 cents per gallon

329

Estimating the effect of future oil prices on petroleum engineering project investment yardsticks.  

E-Print Network (OSTI)

did not reflect the true volatility in crude oil prices. The name posted oil price was derived from a sheet that was posted in a producing field. The WTI price data were collected from Energy Information Administration (EIA) website25. EIA... projects; we correlated historical expenses data with oil price. Figs. 3.3 and 3.4 are graphs of the production and drilling costs correlations with oil price. The historical oilfield drilling and production data was taken from EIA website and the Energy...

Mendjoge, Ashish V

2004-09-30T23:59:59.000Z

330

Economically rational expectations theory: evidence from the WTI oil price survey data  

E-Print Network (OSTI)

Economically rational expectations theory: evidence from the WTI oil price survey data Georges PRAT are not conclusive regarding this hypothesis. Moosa and Al- Loughani (1994) find that futures prices on the WTI of whether or not expectations are rational unsolved. Using private WTI oil price expectations revealed

Paris-Sud XI, Université de

331

Price volatility forecasting using artificial neural networks in emerging electricity markets  

Science Journals Connector (OSTI)

In the adaptive short-term electricity price forecasting, it may be premature to rely solely on the hourly price forecast. The volatility of electricity price should also be analysed to provide additional insight on price forecasting. This paper proposes a price volatility module to analyse electricity price spikes and study the probability distribution of electricity price. Two methods are used to study the probability distribution of electricity price: the analytical method and the ANN method. Furthermore, ANN method is used to study the impact of line limits, line outages, generator outages, load pattern and bidding strategy on short term price forecasting, in addition to sensitivity analysis to determine the extent to which these factors impact price forecasting. Data used in this study are spot electricity prices from California market in the period which includes the crisis months where extreme volatility was observed.

Ahmad F. Al-Ajlouni; Hatim Y. Yamin; Ali Eyadeh

2012-01-01T23:59:59.000Z

332

Oil prices and exchange rates in oil-exporting countries: evidence from TAR and M-TAR models  

Science Journals Connector (OSTI)

The paper studies the long-run relation and short-run dynamics between real oil prices and real exchange rates in a sample of 13 oil-exporting countries. The purpose of the study ... countries, we also find that ...

Hassan Mohammadi; Mohammad R. Jahan-Parvar

2012-07-01T23:59:59.000Z

333

EIA-Annual Energy Outlook 2010 - Low Oil PriceTables  

Gasoline and Diesel Fuel Update (EIA)

Oil Price Tables (2007-2035) Oil Price Tables (2007-2035) Annual Energy Outlook 2010 Main Low Oil Price Tables (2007- 2035) Table Title Formats Summary Low Oil Price Case Tables PDF Gif Year-by-Year Low Oil Price Case Tables Excel Gif Table 1. Total Energy Supply and Disposition Summary Excel Gif Table 2. Energy Consumption by Sector and Source Excel Gif Table 3. Energy Prices by Sector and Source Excel Gif Table 4. Residential Sector Key Indicators and Consumption Excel Gif Table 5. Commercial Sector Indicators and Consumption Excel Gif Table 6. Industrial Sector Key Indicators and Consumption Excel Gif Table 7. Transportation Sector Key Indicators and Delivered Energy Consumption Excel Gif Table 8. Electricity Supply, Disposition, Prices, and Emissions Excel Gif Table 9. Electricity Generating Capacity

334

Regional Balanced Growth in Italy and the Increase in Oil Prices  

Science Journals Connector (OSTI)

The recent rise in fuel prices has had many diverse consequences both for ... while to enquire into the effect that the oil price rise may have on regional development within ... precisely that, namely, to determ...

Murray Brown; Maurizio Di Palma…

1976-01-01T23:59:59.000Z

335

Vehicle Technologies Office: Fact #267: May 12, 2003 Oil Price Relationship  

NLE Websites -- All DOE Office Websites (Extended Search)

7: May 12, 2003 7: May 12, 2003 Oil Price Relationship to Economic Growth in the United States, 1970-2002 to someone by E-mail Share Vehicle Technologies Office: Fact #267: May 12, 2003 Oil Price Relationship to Economic Growth in the United States, 1970-2002 on Facebook Tweet about Vehicle Technologies Office: Fact #267: May 12, 2003 Oil Price Relationship to Economic Growth in the United States, 1970-2002 on Twitter Bookmark Vehicle Technologies Office: Fact #267: May 12, 2003 Oil Price Relationship to Economic Growth in the United States, 1970-2002 on Google Bookmark Vehicle Technologies Office: Fact #267: May 12, 2003 Oil Price Relationship to Economic Growth in the United States, 1970-2002 on Delicious Rank Vehicle Technologies Office: Fact #267: May 12, 2003 Oil Price

336

Spot Prices for Crude Oil and Petroleum Products  

U.S. Energy Information Administration (EIA) Indexed Site

Spot Prices Spot Prices (Crude Oil in Dollars per Barrel, Products in Dollars per Gallon) Period: Daily Weekly Monthly Annual Download Series History Download Series History Definitions, Sources & Notes Definitions, Sources & Notes Product by Area 12/09/13 12/10/13 12/11/13 12/12/13 12/13/13 12/16/13 View History Crude Oil WTI - Cushing, Oklahoma 97.1 98.32 97.25 97.21 96.27 97.18 1986-2013 Brent - Europe 110.07 108.91 109.47 108.99 108.08 110.3 1987-2013 Conventional Gasoline New York Harbor, Regular 2.677 2.698 2.670 2.643 2.639 2.650 1986-2013 U.S. Gulf Coast, Regular 2.459 2.481 2.429 2.398 2.377 2.422 1986-2013 RBOB Regular Gasoline Los Angeles 2.639 2.661 2.569 2.543 2.514 2.527 2003-2013 No. 2 Heating Oil New York Harbor

337

A Probability Theory Based Price Determination Framework for Utility Companies in an Oligopolistic Energy Market  

E-Print Network (OSTI)

Energy Market Tiansong Cui, Yanzhi Wang, Xue Lin, Shahin Nazarian, and Massoud Pedram University to determine the energy price for utility companies in an oligopolistic energy market. At the beginning of each non-cooperative utility companies that offer time-of-use dependent energy prices to energy consumers

Pedram, Massoud

338

Futures pricing in electricity markets based on stable CARMA spot models  

E-Print Network (OSTI)

Futures pricing in electricity markets based on stable CARMA spot models Gernot M¨uller Vortrag im years, electricity markets throughout the world have undergone massive changes due to deregulations risk but also against price movements. Consequently, statistical modeling and estimation of electricity

Gerkmann, Ralf

339

Nonlinear Pricing Strategies and Market Concentration in the Airline Industry  

E-Print Network (OSTI)

with a unit mass. Further assume that the reservation utility v is su?ciently high so that the whole market is covered.9 Firmi?s, i = 1;2, decisionproblemconsistsofofieringquality-pricepairs(qiL;piL) and (qiH;piH) that maximize proflts subject... to incentive-compatibility (IC) and par- ticipation constraints, given the other flrm?s quality-price pairs. Formally, Maxp iL;piH;qiL;qiH ?i = ?[(piL ?cqiL)xiL]? q 2 iL 2 +(1??)[(piH ?cqiH)xiH]? q2iH 2 s.t. HqiH ?piH ? HqiL ?piL; (ICH) LqiL ?piL ? LqiH ?pi...

Hernandez Garcia, Manuel A.

2010-10-12T23:59:59.000Z

340

The Study on Oil Prices’ Effect on International Gas Prices Based on Using Wavelet Based Boltzmann Cooperative Neural Network  

Science Journals Connector (OSTI)

In this paper, we build up WBNNK model based on wavelet-based cooperative Boltzmann neural network and kernel density estimation. The international oil prices time series is decomposed into approximate components...

Xiazi Yi; Zhen Wang

2013-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


341

Competition and price discrimination in the market for mailing lists  

E-Print Network (OSTI)

Katz, M. L. (1984). Price discrimination and monopolistic395–416. Shepard, A. (1991). Price discrimination and retailJ. (1952). The theory of price. New York: Macmillan. Stole,

Borzekowski, Ron; Thomadsen, Raphael; Taragin, Charles

2009-01-01T23:59:59.000Z

342

On the relationship between the prices of oil and the precious metals  

E-Print Network (OSTI)

/US dollar exchange rates, the S&P500 equity indices, and the prices of WTI crude oil and the precious metals

Boyer, Edmond

343

Essays on the volatility and spillover effects of oil and food price shocks.  

E-Print Network (OSTI)

??This thesis comprises five self contained but related essays on the volatility and spillover effects of oil and food price shocks, making contributions to the… (more)

Alom, Fardous

2012-01-01T23:59:59.000Z

344

The short-term effect of the movement of the USD on oil prices.  

E-Print Network (OSTI)

??The effect of the changes in the US dollar (USD) on oil prices was examined in several trials. An indexed value of the USD and… (more)

Wells, Lauren E.

2009-01-01T23:59:59.000Z

345

The informational content of oil and natural gas prices in energy fund performance  

Science Journals Connector (OSTI)

This paper explores whether the informational content of oil and gas prices has an impact on energy mutual fund returns. We first re-visit the relationship between oil and gas prices and energy index returns; our findings confirm that better energy index performance is associated with oil and gas price increases. Using the Fama and MacBeth (1973) two-stage regressions, we find that the information contained in oil and gas prices also plays a significant role in explaining energy mutual fund returns, making these an alternative investment to direct energy stock investments.

Viet Do; Tram Vu

2012-01-01T23:59:59.000Z

346

Asymmetric information and list-price reductions in the housing market  

Science Journals Connector (OSTI)

Abstract In housing markets with asymmetric information list prices may signal unobserved properties of the house or the seller. Asymmetric information is the starting point for many models for the housing market. In this paper, we estimate the causal effect of list-price reductions on the time houses remain for sale on the market to test for the presence of asymmetric information. We use very rich and extensive administrative data from the Netherlands. Our empirical results show that list-price reductions significantly increase the selling rate of a house, but also the rate of withdrawal from the market increases.

Erik R. de Wit; Bas van der Klaauw

2013-01-01T23:59:59.000Z

347

What Is Price Volatility  

Gasoline and Diesel Fuel Update (EIA)

What Is Price Volatility? What Is Price Volatility? The term "price volatility" is used to describe price fluctuations of a commodity. Volatility is measured by the day-to-day percentage difference in the price of the commodity. The degree of variation, not the level of prices, defines a volatile market. Since price is a function of supply and demand, it follows that volatility is a result of the underlying supply and demand characteristics of the market. Therefore, high levels of volatility reflect extraordinary characteristics of supply and/or demand. Prices of basic energy (natural gas, electricity, heating oil) are generally more volatile than prices of other commodities. One reason that energy prices are so volatile is that many consumers are extremely limited in their ability to substitute other fuels when the price, of natural gas

348

The relative effects of crude oil price and exchange rate on petroleum product prices: Evidence from a set of Northern Mediterranean countries  

Science Journals Connector (OSTI)

Abstract This paper provides a set of empirical evidence from five Northern Mediterranean countries that are subject to similar refinery reference prices regarding the relative sensitivity of crude oil prices and exchange rate on (pre-tax) petroleum product prices. The empirical evidence reveals that a one percent increase in exchange rate (depreciation) increases petroleum product prices less than a one percent increase in crude oil prices does in the long run. In the short run, however, a one percent increase in exchange rate increases petroleum product prices more than a one percent increase in crude oil prices does.

M. Hakan Berument; Afsin Sahin; Serkan Sahin

2014-01-01T23:59:59.000Z

349

Energy & Financial Markets - U.S. Energy Information Administration...  

NLE Websites -- All DOE Office Websites (Extended Search)

The lack of complete information on inventories creates additional uncertainty in oil markets, which can also influence oil prices. Finally, in addition to the commercial...

350

Essays on price dynamics, discovery, and dynamic threshold effects among energy spot markets in North America  

E-Print Network (OSTI)

stylized facts concerning electricity prices: high volatility, mean-reversion, seasonality, and frequent extreme jumps in prices (Huisman and Mahieu, 2003). See Bunn (2004) for more studies concerning modeling electricity prices. De Vany and Walls (1999... or five trading days) convergence with respect to external shocks. Jerko, Mjelde, and Bessler (2004) using directed graphs to examine the contemporaneous causal flows 9 among spot markets suggested electricity price information flows...

Park, Haesun

2005-11-01T23:59:59.000Z

351

The Impact of Oil Prices on the Air Transportation Industry  

E-Print Network (OSTI)

......................................................................................................................................14 2 FUEL PRICE IMPACT ON AIRLINE OPERATIONS .......................................................................................16 2.1 FUEL EFFICIENCY AND FUEL PRICE..............................................................................................................................29 2.7 UNDERSTANDING FUEL PRICE IMPACTS THROUGH AIRLINE INTERVIEWS

Hill, Wendell T.

352

WTI Crude Oil Prices Are Expected To Remain Relatively High Through At  

Gasoline and Diesel Fuel Update (EIA)

5 5 Notes: As we just saw, one of the primary factors impacting gasoline price is the crude oil price. This graph shows monthly average spot West Texas Intermediate crude oil prices. Spot WTI crude oil prices broke $36 per barrel in November briefly as anticipated boosts to world supply from OPEC and other sources did not show up in actual stocks data. Crude oil prices are expected to be about $30 per barrel for the rest of this year, but note the uncertainty bands on this projection. They give an indication of how difficult it is to know what these prices are going to do. Also, EIA does not forecast volatility. This relatively flat forecast could be correct on average, with wide swings around the base line. With the EIA forecast for crude prices staying high this year,

353

Leverage vs. Feedback: Which Effect Drives the Oil Market? Sofiane Aboura  

E-Print Network (OSTI)

on the WTI crude oil spot price. An increase in the volatility subsequent to an increase in the oil price (i- and fund-managers. Keywords: WTI, Crude Oil Price, Implied Volatility, Leverage Effect, Feedback Effect. JEL Codes: C4, G1, Q4. 1 Introduction The rise of the US benchmark oil West Texas Intermediate (WTI

Paris-Sud XI, Université de

354

Heavy Fuel Oil Prices for Electricity Generation - EIA  

Gasoline and Diesel Fuel Update (EIA)

Heavy Fuel Oil Prices for Electricity Generation for Selected Countries1 Heavy Fuel Oil Prices for Electricity Generation for Selected Countries1 U.S. Dollars per Metric Ton2 Country 2001 2002 2003 2004 2005 2006 2007 2008 2009 Argentina NA NA NA NA NA NA NA NA NA Australia NA NA NA NA NA NA NA NA NA Austria 83.0 96.4 146.4 153.3 182.2 226.1 220.3 342.3 248.3 Barbados NA NA NA NA NA NA NA NA NA Belgium 155.1 160.4 - - - - - - - - - - - - - - Bolivia NA NA NA NA NA NA NA NA NA Brazil NA NA NA NA NA NA NA NA NA Canada 115.7 117.8 180.4 141.5 198.4 222.4 NA NA NA Chile NA NA NA NA NA NA NA NA NA China NA NA NA NA NA NA NA NA NA Chinese Taipei (Taiwan) NA NA NA NA NA NA NA NA NA Colombia NA NA NA NA NA NA NA NA NA Cuba NA NA NA 183.4 NA NA NA NA NA

355

Drop in drilling hurts oil-field chemicals market  

Science Journals Connector (OSTI)

Drop in drilling hurts oil-field chemicals market ... But events in the past few years have proven that notion faulty, and oil-field chemicals have fallen on hard times as drilling activity declines. ... The consumption of oil-field chemicals is directly related to drilling activity, and two new studies point out how far that market has declined and where opportunities still exist. ...

1985-11-18T23:59:59.000Z

356

Separation and Volatility of Locational Marginal Prices in Restructured Wholesale Power Markets  

E-Print Network (OSTI)

Test Bed I. INTRODUCTION THE wholesale power market design proposed by the U.S. Federal Energy1 Separation and Volatility of Locational Marginal Prices in Restructured Wholesale Power Markets (LMPs) in an ISO-managed restructured wholesale power market operating over an AC transmission grid

Tesfatsion, Leigh

357

Prices of robustness and reblending in oil industry Stefan Janaqi.* Jorge Aguilera*. Meriam Chbre**  

E-Print Network (OSTI)

Prices of robustness and reblending in oil industry Stefan Janaqi.* Jorge Aguilera*. Meriam Chébre. In this paper we present a method to calculate the prices of robustness and reblending through a robust real-time optimization method for the on-line linear oil blending process. Our approach places this problem in a wider

Paris-Sud XI, Université de

358

A stochastic optimization model for gas retail with temperature scenarios and oil price parameters  

Science Journals Connector (OSTI)

......seller; the purchase price fixed by the shipper...whereas sell and purchase prices do not change during the...cooking or for cooking and heating, or for commercial activities...consider the influence of oil prices on the energy-related......

F. Maggioni; M. Bertocchi; R. Giacometti; M. T. Vespucci; M. Innorta; E. Allevi

2010-04-01T23:59:59.000Z

359

Gasoline Prices: What is Happening?  

Gasoline and Diesel Fuel Update (EIA)

Gasoline Prices: What is Happening? Gasoline Prices: What is Happening? 5/10/01 Click here to start Table of Contents Gasoline Prices: What is Happening? Retail Motor Gasoline Price* Forecast Doesn't Reflect Potential Volatility Midwest Looking Like Last Year RFG Responding More Strongly Gasoline Prices Vary Among Locations.Retail Regular Gasoline Price, Cents per Gallon May 8, 2001 Crude Oil Affects Gasoline Prices WTI Crude Oil Prices Are Expected To Remain Relatively High Through At Least 2001 Low Total OECD Oil Stocks* Keep Market Balance Tight Low U.S. Stocks Indicate Tight U.S. Market Regional Inventories Tight Product Balance Pushes Up Product Spread (Spot Product - Crude Price) "New Factor" Contributing to Volatility: Excess Capacity is Gone Regional Refinery Utilization Shows Gulf Coast Pressure

360

Daily prediction of short-term trends of crude oil prices using neural networks exploiting multimarket dynamics  

Science Journals Connector (OSTI)

This paper documents a systematic investigation on the predictability of short-term trends of crude oil prices on a daily basis. In stark contrast with longer-term predictions of crude oil prices, short-term pred...

Heping Pan; Imad Haidar; Siddhivinayak Kulkarni

2009-06-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


361

Embedding renewable energy pricing policies in day-ahead electricity market clearing  

Science Journals Connector (OSTI)

Abstract Since the 90s various policies have been applied for supporting the development of Renewable Energy Sources (RES), including quota or amount-based systems and price-based systems (feed-in tariffs or “FiT”). In both cases, there is a political stress when there is a need to increase the renewable uplift charge rates (out-of-market mechanism), in order to finance the RES projects. This issue is resolved by adopting a novel market framework, in which the demand entities’ clearing price entails the whole cost they are willing to pay for their participation in the energy market, including energy prices, reserve prices and the RES uplift price. A Mixed Complementarity Problem is utilized for clearing the market, in which the demand clearing prices are implicitly defined by mixing the explicit prices for energy, reserves and the RES uplift. The model retains the consistency of the supply (energy and reserves) and demand cleared quantities with the respective bids and the clearing prices, and attains a significant decrease of the payments through the relevant uplift accounts. The efficiency of the proposed model is demonstrated on a 24-h day-ahead market simulation using the IEEE RTS-96, defining endogenously the RES uplift under a system-wide FiT and a Green Certificate mechanism.

Andreas G. Vlachos; Pandelis N. Biskas

2014-01-01T23:59:59.000Z

362

Low Total OECD Oil Stocks* Keep Market Balance Tight  

Gasoline and Diesel Fuel Update (EIA)

5 5 Notes: This chart illustrates why EIA sees crude oil prices staying relatively high. It shows global inventories, as measured by OECD petroleum stocks. EIA sees a tenuous supply/demand balance over the remainder of 2001. Global inventories remain low, and need to recover to more adequate levels of forward demand coverage in order to avoid continued price volatility. The most recent data show OECD inventories remaining at very low levels. Low inventories increase the potential for price volatility throughout 2001. Inventories are a good measure of the supply/demand balance that affects prices. A large over-supply (production greater than demand) will put downward pressure on prices, while under-supply will push prices upward. OECD inventories illustrate the changes in the world petroleum

363

An Econometric Analysis of the Relationship among the U.S. Ethanol, Corn and Soybean Sectors, and World Oil Prices.  

E-Print Network (OSTI)

??This thesis aimed to investigate the relationships among the following variables: U.S. corn prices, U.S. ethanol production, U.S. soybean prices and world oil prices. After… (more)

Savernini, Maira Q. M.

2009-01-01T23:59:59.000Z

364

The Impact of Market Clearing Time and Price Signal Delay on the Stability of Electric Power Markets  

SciTech Connect

We generalize a model, proposed by Alvarado, of the electric power market by including the effects of control and communication. To simulate realistic markets, our model issues control signals only at given times and those signals are delayed during transmission. These two effects transform Alvarado's continuous system into a hybrid system, with consequential effects. The stability analysis of the new system reveals two important properties. First, there is an upper limit on the market clearing time and the delay of the price signal beyond which the system becomes unstable. Second, there is a counter-intuitive relationship between the market clearing time and price signal delay: when the market clearing time is relatively long, delaying the price signal can improve the market's stability while reducing the communication delay can destabilize the market. This counter-intuitive effect shows that the full impact of information technology on power markets can be significant and difficult to anticipate. Therefore, as markets are designed and regulated, careful attention should be paid to the effects of information technology on the market's dynamic behavior.

Nutaro, James J [ORNL; Protopopescu, Vladimir A [ORNL

2009-01-01T23:59:59.000Z

365

Oil market in international and Norwegian perspectives.  

E-Print Network (OSTI)

??Crude oil is the most important energy source in global perspective. About 35 percent of the world’s primary energy consumption is supplied by oil, followed… (more)

Singsaas, Julia Nazyrova

2009-01-01T23:59:59.000Z

366

Energy Factors, Leasing Structure and the Market Price of Office Buildings  

NLE Websites -- All DOE Office Websites (Extended Search)

Energy Factors, Leasing Structure and the Market Price of Office Buildings Energy Factors, Leasing Structure and the Market Price of Office Buildings in the U.S. Speaker(s): Nancy Wallace Date: June 15, 2011 - 12:00pm Location: 90-3122 Seminar Host/Point of Contact: Paul Mathew The talk will cover the results from an empirical paper that analyzes the relationship between energy factor markets, leasing structures and the transaction prices of office buildings in the {U.S.} We employ a large sample of 15,133 office building transactions that occurred between 2001 and 2010. In addition to building characteristics, we also include information on the operating expenses, the net operating income, and the market capitalization rates at sale to estimate an asset pricing model for commercial office real estate assets. A further set of important controls

367

Modelling power spot prices in deregulated European energy markets: a dual long memory approach  

Science Journals Connector (OSTI)

In the last decade, with deregulation and introduction of competition in power markets, prices forecasting have become a real challenge for all market participants. However, forecasting is a rather complex task since electricity prices involve many features comparably with financial ones. Electricity markets have a highly volatile nature. They are indeed a more unpredictable than that of other commodities referred to as extreme volatile. In this paper, the two most emerging European electricity markets are considered. A preliminary analysis of the time series attests to the presence of a long range dependance behaviour. Therefore, prices processes are modelled using ARFIMA-FIGARCH under Gaussian and non-Gaussian distributions. Such models are sufficiently flexible to handle the long memory phenomena often encountered in both conditional mean and conditional variance in electricity spot prices. Forecasting is subsequently performed on the basis of adequate models.

Najeh Chaâbane; Foued Saâdaoui; Saloua Benammou

2012-01-01T23:59:59.000Z

368

Volatility Persistence in Crude Oil Markets Amlie CHARLES  

E-Print Network (OSTI)

oil markets ­ Brent, West Texas Intermediate (WTI) and Organization of Petroleum Exporting Countries Operation Desert Storm with a negative return of -42% for WTI (Askari and Krichene, 2008; Larsson

Boyer, Edmond

369

Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels  

Energy.gov (U.S. Department of Energy (DOE)) Indexed Site

Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels June 11, 2008 - 1:30pm Addthis Secretary of Energy Samuel W. Bodman and Secretary of Agriculture Edward T. Schafer sent a letter on June 11, 2008 to Senator Jeff Bingaman addressing a number of questions related to biofuels, food, and gasoline and diesel prices. Read the letter. Without Biofuels, Gas Prices Would Increase $.20 to $.35 per Gallon. The U.S. Department of Energy (DOE) estimates that gasoline prices would be between 20 cents to 35 cents per gallon higher without ethanol1, a first-generation biofuel. For a typical household, that means saving about $150 to $300 per year. For the U.S. overall, this saves gas expenditures of $28 billion to

370

Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels  

Energy.gov (U.S. Department of Energy (DOE)) Indexed Site

Gas Prices and Oil Consumption Would Increase Without Gas Prices and Oil Consumption Would Increase Without Biofuels Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels June 11, 2008 - 1:30pm Addthis Secretary of Energy Samuel W. Bodman and Secretary of Agriculture Edward T. Schafer sent a letter on June 11, 2008 to Senator Jeff Bingaman addressing a number of questions related to biofuels, food, and gasoline and diesel prices. Read the letter. Without Biofuels, Gas Prices Would Increase $.20 to $.35 per Gallon. The U.S. Department of Energy (DOE) estimates that gasoline prices would be between 20 cents to 35 cents per gallon higher without ethanol1, a first-generation biofuel. For a typical household, that means saving about $150 to $300 per year. For the U.S. overall, this saves gas expenditures of $28 billion to

371

Effects of a fall in the price of oil: the case of a small oil-exporting country  

Science Journals Connector (OSTI)

This chapter explores the macroeconomic effects on the Norwegian economy of a large fall in the price of oil. The chapter is a condensed version of...et al...1986). Our analysis is divided into three parts. In Se...

Kjeel Berger; Ådne Cappelen; Vidar Knudsen…

1988-01-01T23:59:59.000Z

372

An assessment of oil supply and its implications for future prices  

Science Journals Connector (OSTI)

This paper examines three issues related to both the U.S. and world oil supply: (1) the nature of the ... be the primary source of U.S. oil imports; and (3) the cyclic behavior of oil prices. it shows that U.S. p...

Danilo J. Santini

1998-06-01T23:59:59.000Z

373

Stochastic Modeling and Analysis of Energy Commodity Spot Price Processes.  

E-Print Network (OSTI)

??Supply and demand in the World oil market are balanced through responses to price movement with considerable complexity in the evolution of underlying supply-demand expectation… (more)

Otunuga, Olusegun Michael

2014-01-01T23:59:59.000Z

374

The efficiency of the crude oil markets: Evidence from variance ratio tests  

E-Print Network (OSTI)

oil market is weak-form efficiency while the WTI crude oil market seems to be inefficiency on the 1994­2008 sub-period, suggesting that the deregulation have not improved the efficiency on the WTI crude oil

Paris-Sud XI, Université de

375

5 World Oil Trends WORLD OIL TRENDS  

E-Print Network (OSTI)

5 World Oil Trends Chapter 1 WORLD OIL TRENDS INTRODUCTION In considering the outlook for California's petroleum supplies, it is important to give attention to expecta- tions of what the world oil market. Will world oil demand increase and, if so, by how much? How will world oil prices be affected

376

Pricing Schemes for Metropolitan Traffic Data Markets Negin Golrezaei1  

E-Print Network (OSTI)

online market such as Inter- net advertising and cloud computing, data market- places are still, but also increases air pollution. According to Texas Transportation Institute, the number of hours wasted

Shahabi, Cyrus

377

Gas Prices: Frequently Asked Questions  

NLE Websites -- All DOE Office Websites (Extended Search)

Prices: Frequently Asked Questions Prices: Frequently Asked Questions What determines the price of gasoline? Energy Information Administration What's going on with gasoline prices? Factors Affecting Gasoline Prices This Week in Petroleum (updated weekly) Gasoline Price Pass-through Oil Market Basics Primer on Gasoline Sources and Markets What's up (and down) with gasoline prices? Illustration showing component costs of gasoline What are the average national and regional gasoline prices? Energy Information Administration Gasoline and Diesel Fuel Update (updated weekly) This Week in Petroleum (updated weekly) California Energy Commission California Gasoline & Gasoline Prices What is the outlook for gasoline prices? Energy Information Administration Short-Term Energy Outlook Why are gasoline prices so different from one state (or region) to another?

378

The impact of peak oil on tourism in Spain: An input–output analysis of price, demand and economy-wide effects  

Science Journals Connector (OSTI)

This article examines the potential effects of peak oil on Spanish tourism and indirectly on the rest of the economy. We construct several scenarios of price increases in oil, related fossil fuels and their inflationary effects. These scenarios provide the context for an input–output (I/O) analysis which uses I/O tables extended with Tourism Satellite Accounts. The analysis comprises three steps: (1) applying an I/O price model to estimate the price change of tourism services in Spain due to an increase in the prices of oil and other fossil fuels; (2) assessing the effects of price changes on demand for tourism services; and (3) estimating the impacts of demand change on the country's economy using an I/O demand model. The results show that a decreased demand for tourism services results in the greatest fall in outputs in the tourism-related shares of air, water, land and railway transport sectors. These are followed by tourism agencies' activities, non-market recreational, cultural and sporting activities, restaurants, and hotels. Depending on the oil price scenario adopted, GDP (Gross domestic product) decreases between ?0.08% and ?0.38% and the number of jobs lost through direct and indirect effects varies between approximately 20,000 and 100,000.

Ivana Logar; Jeroen C.J.M. van den Bergh

2013-01-01T23:59:59.000Z

379

What's happening in Midwest ISO market?  

E-Print Network (OSTI)

attributable to significantly decreased natural gas, oil and coal prices. (fuel costs represent the vast of Presentation Introduction Energy prices in 2006 Day-Ahead Market Performance Real-Time Market Performance;Introduction 2006 is the first full year of market operations in Midwest ISO. Electricity prices in MISO

Tesfatsion, Leigh

380

Oil market power and United States national security  

Science Journals Connector (OSTI)

...not oil per se, that...Countries (OPEC) exerts...restrain production. Cartel...to it. In 1973, James Akins...policy to this day. Akins...transfer; OPEC, Organization...cOPEC, core OPEC states; b/d, barrels per day; lrmc...price; q, production or quantity; r...

Roger Stern

2006-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


381

AEO2011: Lower 48 Crude Oil Production and Wellhead Prices by Supply Region  

Open Energy Info (EERE)

Crude Oil Production and Wellhead Prices by Supply Region Crude Oil Production and Wellhead Prices by Supply Region Dataset Summary Description This dataset comes from the Energy Information Administration (EIA), and is part of the 2011 Annual Energy Outlook Report (AEO2011). This dataset is table 132, and contains only the reference case. The data is broken down into Production, lower 48 onshore and lower 48 offshore. Source EIA Date Released April 26th, 2011 (3 years ago) Date Updated Unknown Keywords 2011 AEO crude oil EIA prices Data application/vnd.ms-excel icon AEO2011: Lower 48 Crude Oil Production and Wellhead Prices by Supply Region- Reference Case (xls, 54.9 KiB) Quality Metrics Level of Review Peer Reviewed Comment Temporal and Spatial Coverage Frequency Annually Time Period 2008-2035 License License Open Data Commons Public Domain Dedication and Licence (PDDL)

382

A reexamination of the crude oil price-unemployment relationship in the United States  

SciTech Connect

This study begins by asking whether fluctuations in the price of crude oil have affected employment and the rate of unemployment in the US. After reviewing previous assessments of the issue, the existence of an empirical relationship between the rate of unemployment and crude oil price volatility is established using Granger causality. Subsequently, the nature of the relationship is estimated with the results suggesting that at least three full years are required before the measurable impact of a percentage change in the real price of crude oil on the change in unemployment is exhausted. Finally, the structural stability of the functional relationship between the change in unemployment and the volatility of the price of crude oil and the percentage change in gross national product is examined.

Uri, N.D. [Economic Research Service, Washington, DC (United States). Natural Resources and Environment Div.; Boyd, R. [Ohio Univ., Athens, OH (United States). Dept. of Economics

1996-04-01T23:59:59.000Z

383

The impact of crude-oil price volatility on agricultural employment in the United States  

SciTech Connect

This study focuses on the impact of fluctuations in the price of crude oil on agricultural employment in the United States. After reviewing previous assessments of the issue, the existence of an empirical relationship between agricultural employment and crude oil price volatility is established using Granger causality. Subsequently, the nature of the relationship is estimated with the results suggesting that at least three full years are required before the measurable impacts of a percentage change in the real price of crude oil on the change in agricultural employment are exhausted. Finally, the structural stability of the functional relationship between the change in agricultural employment and the volatility of the price of crude oil, the percentage changes in expected net farm income, realized technological innovation, and the wage rate is examined.

Uri, N.D. [Dept. of Agriculture, Washington, DC (United States)

1995-12-31T23:59:59.000Z

384

Table 42. Residual Fuel Oil Prices by PAD District and State  

Gasoline and Diesel Fuel Update (EIA)

55.1 47.1 W W 55.1 46.2 See footnotes at end of table. 42. Residual Fuel Oil Prices by PAD District and State Energy Information Administration Petroleum...

385

Did speculative activities contribute to high crude oil prices during 1993 to 2008?  

Science Journals Connector (OSTI)

By applying two nonlinear Granger causality testing methods and rolling window strategy to explore the relationship between speculative activities and crude oil prices, the unidirectional Granger causality from s...

Xun Zhang; Kin Keung Lai; Shouyang Wang

2009-12-01T23:59:59.000Z

386

Energy policies in a macroeconomic model: an analysis of energy taxes when oil prices decline  

Science Journals Connector (OSTI)

Economic planners and policy-makers have been acquainted, in the last fifteen years, with unanticipated oil price increases. The energy economics literature is abundant ... rules that would mitigate the negative ...

P. Capros; P. Karadeloglou; G. Mentzas

1992-01-01T23:59:59.000Z

387

EIA: High Oil Prices, GHG Controls Would Help Clean Energy Grow  

Energy.gov (U.S. Department of Energy (DOE))

The growth of renewable energy and renewable fuels in the United States will be significantly greater under scenarios involving high oil prices and stricter controls on greenhouse gas (GHG) emissions, according to DOE's Energy Information Administration (EIA).

388

Oil futures prices in a production economy with investment constraints  

E-Print Network (OSTI)

We document a new stylized fact regarding the term structure of futures volatility. We show that the relationship between the volatility of futures prices and the slope of the term structure of prices is non-monotone and ...

Kogan, Leonid

2008-01-01T23:59:59.000Z

389

The price of energy efficiency in the Spanish car market  

Science Journals Connector (OSTI)

Abstract Due to climate change, energy dependence and other energy-related issues, most developed countries are attempting to reduce fossil-fuel use in the transport sector. Accordingly, there are several instruments that have been in place for many years, such as mandatory design standards, taxes on fuels, car purchase and ownership, and energy efficiency labels. Yet it is still not clear whether consumers value energy efficiency as a characteristic of vehicles. In this paper we use the European labelling system for light vehicles, which classifies automobiles according to their relative fuel consumption levels, as a novel, alternative indicator for energy efficiency. Moreover, we use a unique database that incorporates official commercial prices along with prices obtained through ‘mystery shopping’ at a selection of Spanish car retailers. We apply the hedonic price method to this database to estimate the price functions for vehicles and thereby obtain the marginal price of vehicles rated highly in terms of energy efficiency. Our results show that vehicles labelled A and B are sold at prices 3 to 5.9 percent higher than those with similar characteristics but lower energy-efficiency labels.

Ibon Galarraga; Ana Ramos; Josu Lucas; Xavier Labandeira

2014-01-01T23:59:59.000Z

390

Modelling the oil price–exchange rate nexus for South Africa  

Science Journals Connector (OSTI)

Abstract This paper conducts an empirical analysis of the relationship between oil prices and exchange rates in South Africa. We model the volatility and jumps in exchange rate returns by using the GARCH autoregressive conditional jump intensity model of Chan and Maheu which models the effects of extreme news events (jumps) in returns. The empirical results show that oil price increases lead to a depreciation of the South African rand relative to the US dollar.

Babajide Fowowe

2014-01-01T23:59:59.000Z

391

Unconventional oil market assessment: ex situ oil shale.  

E-Print Network (OSTI)

??This thesis focused on exploring the economic limitations for the development of western oil shale. The analysis was developed by scaling a known process and… (more)

Castro-Dominguez, Bernardo

2010-01-01T23:59:59.000Z

392

Forecasting crude oil price with an EMD-based neural network ensemble learning paradigm  

Science Journals Connector (OSTI)

In this study, an empirical mode decomposition (EMD) based neural network ensemble learning paradigm is proposed for world crude oil spot price forecasting. For this purpose, the original crude oil spot price series were first decomposed into a finite, and often small, number of intrinsic mode functions (IMFs). Then a three-layer feed-forward neural network (FNN) model was used to model each of the extracted IMFs, so that the tendencies of these \\{IMFs\\} could be accurately predicted. Finally, the prediction results of all \\{IMFs\\} are combined with an adaptive linear neural network (ALNN), to formulate an ensemble output for the original crude oil price series. For verification and testing, two main crude oil price series, West Texas Intermediate (WTI) crude oil spot price and Brent crude oil spot price, are used to test the effectiveness of the proposed EMD-based neural network ensemble learning methodology. Empirical results obtained demonstrate attractiveness of the proposed EMD-based neural network ensemble learning paradigm.

Lean Yu; Shouyang Wang; Kin Keung Lai

2008-01-01T23:59:59.000Z

393

Commodity Price Interaction: CO2 Allowances, Fuel Sources and Electricity  

Science Journals Connector (OSTI)

This work anlyses the relationship between the returns for carbon, electricity and fossil fuel price (coal, oil and natural gas), ... in carbon are not strongly reflected in electricity prices. Also, market power...

Mara Madaleno; Carlos Pinho; Cláudia Ribeiro

2014-01-01T23:59:59.000Z

394

Asymmetries in the response of economic activity to oil price increases and decreases?  

Science Journals Connector (OSTI)

Abstract It has been common to assume that the relationship between economic activity and oil prices is asymmetric. Theoretical underpinnings for this asymmetry include costly sectoral reallocation, partial equilibrium models of irreversible investment, and some version of precautionary savings. Yet, recent studies that use new methodologies to test for asymmetries in U.S. data have cast some doubts on that premise. In this paper, we use state-of-the-art techniques to evaluate the presence of asymmetries for a set of OECD countries containing both oil exporters and oil importers. We find very little support for the hypothesis that the response of industrial production to oil price increases and decreases is asymmetric. Our results have important implications for theoretical models of the transmission of oil price shocks: they point towards the importance of direct-supply and direct-demand transmission channels, as well as indirect transmission channels that imply a symmetric response.

Ana María Herrera; Latika Gupta Lagalo; Tatsuma Wada

2015-01-01T23:59:59.000Z

395

Average Residential Price  

U.S. Energy Information Administration (EIA) Indexed Site

Data Series: Average Residential Price Residential Price - Local Distribution Companies Residential Price - Marketers Residential % Sold by Local Distribution Companies Average...

396

e n e r g y When Oil Prices Jump, Is Speculation To Blame?  

E-Print Network (OSTI)

Historically, the long-run primary driver of oil prices has been global demand. 1 An expanding global economy demands more raw inputs, including oil, and that increased demand pushes up their price. However, the past decade (2000-09) saw a rapid proliferation in the financialization of commodities, i.e., the creation and trading of financial instruments indexed to commodity prices. Estimates indicate that assets allocated to commodity index trading rose from $13 billion in 2004 to $260 billion in March 2008. Many people, including policymakers and economists, have posited

Brett Fawley; Luciana Juvenal; Ivan Petrella

397

Mick Jagger Explains High Crude Oil Prices How can Mick Jagger of The Rolling Stones help explain the current high crude oil  

E-Print Network (OSTI)

Mick Jagger Explains High Crude Oil Prices How can Mick Jagger of The Rolling Stones help explain the current high crude oil price? It does not relate to Mick' short stint at the London School of Economics, the oil industry operates on the same principle, at least in the short run. The industry relies on proven

Ahmad, Sajjad

398

Application of neural networking in live cattle futures market: an approach to price-forecasting  

E-Print Network (OSTI)

-Ju Chou, B. S. , Tunghai University, Taiwan Chair of Advisory Committee Dr. John P. Walter The ability to forecast closing price changes using neural networking technique in the live cattle futures market was investigated. Futures prices and contract... volumes from 1977 through 1991 were obtained for four commodities: live cattle, feeder cattle, live hogs and corn. Twelve neural networks were constructed, one for each combination of six contract months and two uading periods. The two trading periods...

Chou, Chien-Ju

2012-06-07T23:59:59.000Z

399

Gasoline Price Pass-through  

Gasoline and Diesel Fuel Update (EIA)

Gasoline Price Pass-through Gasoline Price Pass-through January 2003 by Michael Burdette and John Zyren* The single most visible energy statistic to American consumers is the retail price of gasoline. While the average consumer probably has a general notion that gasoline prices are related to those for crude oil, he or she likely has little idea that gasoline, like most other goods, is priced at many different levels in the marketing chain, and that changes ripple through the system as prices rise and fall. When substantial price changes occur, especially upward, there are often allegations of impropriety, even price gouging, on the part of petroleum refiners and/or marketers. In order to understand the movement of gasoline prices over time, it is necessary to examine the relationship between prices at retail and various wholesale levels.

400

Can agent-based models forecast spot prices in electricity markets? Evidence from the New Zealand electricity market  

Science Journals Connector (OSTI)

Abstract Modelling price formation in electricity markets is a notoriously difficult process, due to physical constraints on electricity generation and transmission, and the potential for market power. This difficulty has inspired the recent development of bottom-up agent-based algorithmic learning models of electricity markets. While these have proven quite successful in small models, few authors have attempted any validation of their model against real-world data in a more realistic model. In this paper we develop the SWEM model, where we take one of the most promising algorithms from the literature, a modified version of the Roth and Erev algorithm, and apply it to a 19-node simplification of the New Zealand electricity market. Once key variables such as water storage are accounted for, we show that our model can closely mimic short-run (weekly) electricity prices at these 19 nodes, given fundamental inputs such as fuel costs, network data, and demand. We show that agents in SWEM are able to manipulate market power when a line outage makes them an effective monopolist in the market. SWEM has already been applied to a wide variety of policy applications in the New Zealand market.22 This research was partly funded by a University of Auckland FDRF Grant #9554/3627082. The authors would like thank Andy Philpott, Golbon Zakeri, Anthony Downward, an anonymous referee, and participants at the EPOC Winter Workshop 2010 for their helpful comments.

David Young; Stephen Poletti; Oliver Browne

2014-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


401

EIS-0016: Cumulative Production/Consumption Effects of the Crude Oil Price Incentive Rulemakings, Programmatic  

Energy.gov (U.S. Department of Energy (DOE))

The U.S. Department of Energy prepared this Final Statement to FEA-FES-77-7 to assess the environmental and socioeconomic implications of a rulemaking on crude oil pricing incentives as pertains to the full range of oil production technologies (present as well as anticipated.)

402

Testing for price response asymmetries in the Spanish fuel market. New evidence from daily data  

Science Journals Connector (OSTI)

In this work we use daily data to examine pattern asymmetries in the speed of transmission of international wholesale oil prices to Spanish retail fuel prices. Results are robust to two alternative specifications of an asymmetric error correction model, for which the presence of autoregressive conditional heteroskedasticity for disturbances is modeled by a GARCH(1,1) process. Evidence indicates that the short-term transmission of wholesale prices to retail prices is quite symmetric for both gasoline and diesel fuel. Nevertheless, in contrast to some of the results provided for an earlier period, we did not find asymmetries in the speed of retail price responses toward long-run equilibrium. Our evidence also suggests that the use of weekly (or lower frequency) data is one of the possible explanations for some of the seemingly contradictory results concerning this issue.

Jacint Balaguer; Jordi Ripollés

2012-01-01T23:59:59.000Z

403

Table 19. U.S. Refiner Residual Fuel Oil Prices  

U.S. Energy Information Administration (EIA) Indexed Site

January 1983 forward; Form EIA-460, "Petroleum Industry Monthly Report for Product Prices," source for backcast estimates prior to January 1983. 36 Energy Information...

404

Food price volatility  

Science Journals Connector (OSTI)

...of commodity price changes in energy and metals as well as for foods...commodities, in particular corn, sugar and vegetable oils...smaller in food markets than in energy and metals markets, reflecting...insignificant fall grains (%) maize (corn) 19.3 19.4 19.2 1.02...

2010-01-01T23:59:59.000Z

405

A threshold cointegration analysis of asymmetric adjustment of OPEC and non-OPEC monthly crude oil prices  

Science Journals Connector (OSTI)

The purpose of this paper is to analyze the dynamics of crude oil prices of OPEC and non-OPEC countries using ... cointegration. To capture the long-run asymmetric price transmission mechanism, we develop an erro...

Hassan Belkacem Ghassan; Prashanta Kumar Banerjee

2014-07-01T23:59:59.000Z

406

Winter Fuels Market Assessment 2000  

Gasoline and Diesel Fuel Update (EIA)

September 13, 2000 September 13, 2000 Winter Fuels Market Assessment 2000 09/14/2000 Click here to start Table of Contents Winter Fuels Market Assessment 2000 West Texas Intermediate Crude Oil Prices Perspective on Real Monthly World Oil Prices, 1976 - 2000 U.S. Crude Oil Stocks Total OECD Oil Stocks Distillate and Spot Crude Oil Prices Distillate Stocks Expected to Remain Low Distillate Stocks Are Important Part of East Coast Winter Supply Consumer Winter Heating Oil Costs Natural Gas Prices: Well Above Recent Averages Annual Real Natural Gas Prices by Sector End-of-Month Working Gas in .Underground Storage Residential Prices Do Not Reflect the Volatility Seen in Wellhead Prices Consumer Natural Gas Heating Costs Winter Weather Uncertainty Author: John Cook Email: jcook@eia.doe.gov

407

Exchange rate effect on carbon credit price via energy markets  

Science Journals Connector (OSTI)

Abstract This paper examines the impact of currency exchange rates on the carbon market. We scrutinize this effect through the European Union Emission Trading Scheme (EU-ETS), which primarily uses two substitutable fossil energy inputs for the generation of electricity: coal and natural gas. The European coal market is directly driven by global coal markets that are denominated in USD, whereas, natural gas is mainly imported from Russia and is denominated in Euros. The impulse response functions of a Structural Vector Autoregression (SVAR) model demonstrate that a shock in the Euro/USD exchange rate can be transmitted through the channel of energy substitution between coal and natural gas, and influence on the carbon credit market.

Jongmin Yu; Mindy L. Mallory

2014-01-01T23:59:59.000Z

408

Utility Marketing Strategies and Pricing Trends (An Overview)  

E-Print Network (OSTI)

"Industries and utilities alike find themselves today in a very competitive environment. Industry finds that it must defend against threats to its markets from both domestic and foreign competitors. Likewise, utilities are challenged by industry...

Reynolds, S.

409

Average Commercial Price  

U.S. Energy Information Administration (EIA) Indexed Site

Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground Storage Base Gas in Underground Storage Working Gas in Underground Storage Underground Storage Injections Underground Storage Withdrawals Underground Storage Net Withdrawals Total Consumption Lease and Plant Fuel Consumption Pipeline & Distribution Use Delivered to Consumers Residential Commercial Industrial Vehicle Fuel Electric Power Period: Monthly Annual

410

Average Commercial Price  

Gasoline and Diesel Fuel Update (EIA)

Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground Storage Base Gas in Underground Storage Working Gas in Underground Storage Underground Storage Injections Underground Storage Withdrawals Underground Storage Net Withdrawals Total Consumption Lease and Plant Fuel Consumption Pipeline & Distribution Use Delivered to Consumers Residential Commercial Industrial Vehicle Fuel Electric Power Period: Monthly Annual

411

Natural Gas Industrial Price  

Gasoline and Diesel Fuel Update (EIA)

Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground Storage Base Gas in Underground Storage Working Gas in Underground Storage Underground Storage Injections Underground Storage Withdrawals Underground Storage Net Withdrawals Total Consumption Lease and Plant Fuel Consumption Pipeline & Distribution Use Delivered to Consumers Residential Commercial Industrial Vehicle Fuel Electric Power Period: Monthly Annual

412

Average Residential Price  

Gasoline and Diesel Fuel Update (EIA)

Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground Storage Base Gas in Underground Storage Working Gas in Underground Storage Underground Storage Injections Underground Storage Withdrawals Underground Storage Net Withdrawals Total Consumption Lease and Plant Fuel Consumption Pipeline & Distribution Use Delivered to Consumers Residential Commercial Industrial Vehicle Fuel Electric Power Period: Monthly Annual

413

Average Residential Price  

U.S. Energy Information Administration (EIA) Indexed Site

Citygate Price Residential Price Commercial Price Industrial Price Electric Power Price Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Gas in Underground Storage Base Gas in Underground Storage Working Gas in Underground Storage Underground Storage Injections Underground Storage Withdrawals Underground Storage Net Withdrawals Total Consumption Lease and Plant Fuel Consumption Pipeline & Distribution Use Delivered to Consumers Residential Commercial Industrial Vehicle Fuel Electric Power Period: Monthly Annual

414

How do OPEC news and structural breaks impact returns and volatility in crude oil markets? Further evidence from a long memory process  

Science Journals Connector (OSTI)

Abstract Since its formation, OPEC through its conference decisions has been a major player in the world oil markets. The purpose of this paper is to examine the impacts of OPEC's different news announcements on the conditional expectations and volatility of crude oil markets in the presence of long memory and structural changes. To do so, we first discern OPEC's oil production behavior in response to its “cut”, “maintain”, and “increase” decisions. Then by applying the ARMA–GARCH class models to the two global benchmarks WTI and Brent over the period May 1987 through December 2012, we find strong evidence of long memory. The empirical evidence also shows that OPEC's announcements especially the “cut” and the “maintain” decisions have a significant effect on both returns and volatility of the crude oil markets, particularly that of the WTI. Moreover, we explore the possibility of structural breaks in the crude oil prices and detect five (six) breakpoints for the WTI (Brent) oil markets. The presence of structural breaks reduces the persistence of volatility. Accounting for OPEC's scheduled news announcements in the presence of structural changes reduces the degree of volatility persistence and enhances the understanding of this volatility in the oil markets. These results have several implications for policy makers, oil traders and other participants in the crude oil markets.

Walid Mensi; Shawkat Hammoudeh; Seong-Min Yoon

2014-01-01T23:59:59.000Z

415

The evolving price of household LED lamps: Recent trends and historical comparisons for the US market  

SciTech Connect

In recent years, household LED light bulbs (LED A lamps) have undergone a dramatic price decline. Since late 2011, we have been collecting data, on a weekly basis, for retail offerings of LED A lamps on the Internet. The resulting data set allows us to track the recent price decline in detail. LED A lamp prices declined roughly exponentially with time in 2011-2014, with decline rates of 28percent to 44percent per year depending on lumen output, and with higher-lumen lamps exhibiting more rapid price declines. By combining the Internet price data with publicly available lamp shipments indices for the US market, it is also possible to correlate LED A lamp prices against cumulative production, yielding an experience curve for LED A lamps. In 2012-2013, LED A lamp prices declined by 20-25percent for each doubling in cumulative shipments. Similar analysis of historical data for other lighting technologies reveals that LED prices have fallen significantly more rapidly with cumulative production than did their technological predecessors, which exhibited a historical decline of 14-15percent per doubling of production.

Gerke, Brian F.; Ngo, Allison T.; Alstone, Andrea L.; Fisseha, Kibret S.

2014-10-14T23:59:59.000Z

416

Customer Strategies for Responding to Day-Ahead Market HourlyElectricity Pricing  

SciTech Connect

Real-time pricing (RTP) has been advocated as an economically efficient means to send price signals to customers to promote demand response (DR) (Borenstein 2002, Borenstein 2005, Ruff 2002). However, limited information exists that can be used to judge how effectively RTP actually induces DR, particularly in the context of restructured electricity markets. This report describes the second phase of a study of how large, non-residential customers' adapted to default-service day-ahead hourly pricing. The customers are located in upstate New York and served under Niagara Mohawk, A National Grid Company (NMPC)'s SC-3A rate class. The SC-3A tariff is a type of RTP that provides firm, day-ahead notice of hourly varying prices indexed to New York Independent System Operator (NYISO) day-ahead market prices. The study was funded by the California Energy Commission (CEC)'s PIER program through the Demand Response Research Center (DRRC). NMPC's is the first and longest-running default-service RTP tariff implemented in the context of retail competition. The mix of NMPC's large customers exposed to day-ahead hourly prices is roughly 30% industrial, 25% commercial and 45% institutional. They have faced periods of high prices during the study period (2000-2004), thereby providing an opportunity to assess their response to volatile hourly prices. The nature of the SC-3A default service attracted competitive retailers offering a wide array of pricing and hedging options, and customers could also participate in demand response programs implemented by NYISO. The first phase of this study examined SC-3A customers' satisfaction, hedging choices and price response through in-depth customer market research and a Constant Elasticity of Substitution (CES) demand model (Goldman et al. 2004). This second phase was undertaken to answer questions that remained unresolved and to quantify price response to a higher level of granularity. We accomplished these objectives with a second customer survey and interview effort, which resulted in a higher, 76% response rate, and the adoption of the more flexible Generalized Leontief (GL) demand model, which allows us to analyze customer response under a range of conditions (e.g. at different nominal prices) and to determine the distribution of individual customers' response.

Goldman, Chuck; Hopper, Nicole; Bharvirkar, Ranjit; Neenan,Bernie; Boisvert, Dick; Cappers, Peter; Pratt, Donna; Butkins, Kim

2005-08-25T23:59:59.000Z

417

A Linear Time Algorithm for Pricing European Sequential Barrier Peng Gao Ron van der Meyden  

E-Print Network (OSTI)

option contract states an agreed price for a crude oil transaction 3 months in the future of the date depends on the current crude oil market price and expectations concerning price movements. Although period. Option con- tracts are one simple kind of financial derivative. For example, a 3-month crude oil

van der Meyden, Ron

418

How Has Dematerialization Contributed to Reducing Oil Price Pressure?: A Qualitative Input?Output Analysis for the Japanese Economy during 1990?2000  

Science Journals Connector (OSTI)

Faculty of Economics, Kyushu University, Fukuoka, Japan, Research Center for Material Cycles and Waste Management, National Institute for Environmental Studies of Japan, Tsukuba, Japan, and Department of Bioproducts and Biosystems Engineering, University of Minnesota ... An increase in crude oil prices increases production costs in many industries; these higher costs, if transferred to the consumer through an increase in product prices, would have a negative impact on households and discourage consumption. ... The economy is affected by reduced earnings for companies that cannot pass through the cost increases into prices for their final products due to the market competition, or any fraction of the increase in cost that is reflected in an increase in the price of a product affects the Japanese economy via the effects such increases have on household budget allocation and savings. ...

Shigemi Kagawa; Yuko Oshita; Keisuke Nansai; Sangwon Suh

2008-12-10T23:59:59.000Z

419

Three Essays on Price Dynamics and Causations among Energy Markets and Macroeconomic Information  

E-Print Network (OSTI)

of within-sample-fit. The result supports innovation accounting analysis based on DAGs using residuals of out-of-sample-forecast. Second, we look at the effects of the federal fund rate and/or WTI crude oil price shock on US macroeconomic and financial...

Hong, Sung Wook 1977-

2012-09-20T23:59:59.000Z

420

Modelling locational price spreads in competitive electricity markets; applications for transmission rights valuation and replication  

Science Journals Connector (OSTI)

......to recover the fixed cost of investing in the line...Finally, the nature of the production and consumption of electricity...price of fuel (oil, gas, and coal) is a major...component in determining the cost of production, and thus naturally......

Petter Skantze; Marija Ilic; Andrej Gubina

2004-10-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


421

Using market-based dispatching with environmental price signals to reduce emissions  

E-Print Network (OSTI)

, University of Texas at Austin, TX 78712, USA 4 Center for International Energy and Environmental PolicyUsing market-based dispatching with environmental price signals to reduce emissions and water use for Global Change Science (CGCS) and the Center for Energy and Environmental Policy Research (CEEPR

422

Notes from Financial and Physical Oil Market Linkages  

Gasoline and Diesel Fuel Update (EIA)

Workshop Summary Notes Workshop Summary Notes Financial and Physical Oil Market Linkages II September 27, 2012 Department of Energy 1000 Independence Avenue, SW Washington, D.C. 20585 Session 1: 9:15 a.m. - 10:45 a.m. Paper Title: Physical Market Conditions, Paper Market Activity, and the Brent-WTI Spread Presenter: Michel Robe, American University Discussant: Lutz Kilian, University of Michigan Presentation: [Presentation materials link in here] Paper Abstract We document that, starting in the Fall of 2008, the benchmark West Texas Intermediate (WTI) crude oil has periodically traded at unheard of discounts to the corresponding Brent benchmark. We further document that this discount is not reflected in spreads between Brent and other benchmarks that are directly comparable to WTI. Drawing on extant models linking inventory

423

Final report of the Rhode Island State Energy Office on residential no. 2 heating oil and propane prices [SHOPP  

SciTech Connect

Summary report on residential No.2 heating oil and propane prepared under grant. Summarizes the monitoring and analysis of heating oil and propane prices from October 2000 through March 2001.

McClanahan, Janice

2001-04-01T23:59:59.000Z

424

Hotelling Revisited: Oil Prices and Endogenous Technological Progress  

Science Journals Connector (OSTI)

This article examines the Hotelling model of optimal nonrenewable resource extraction in light of empirical evidence that petroleum and minerals prices have been trendless despite resource scarcity. In ... if the...

C.-Y. Cynthia Lin; Haoying Meng; Tsz Yan Ngai…

2009-03-01T23:59:59.000Z

425

A study of beef cattle marketing in Venezuela and the marketing margins between the farm and retail levels of prices  

E-Print Network (OSTI)

partial fulf i 1 lment of the recu'. rement i or rhe degree of MASTEF, OF SCIENCE December 1975 Major Subject: Agricultural Economics A STUDY OF B EF' CATTLE M. 'RKEl'lNG :N VENEZUELA AND THE MARKETING MAPGINS BETWEEN THE FVARM AND RETAIL LEVELS Ot... for the period 1960-1972 were studied from the farm through 'retail levels, the variations in price spread were large. Lack of knowledge concerning share of marketing margins has brought inadequate govern- ment policies. The structural demand equation...

Acosta, Sady Ines Borjas-Paez

2012-06-07T23:59:59.000Z

426

Energy price prediction multi-step ahead using hybrid model in the Brazilian market  

Science Journals Connector (OSTI)

Abstract This paper proposes a new hybrid approach for short-term energy price prediction. This approach combines auto-regressive integrated moving average (ARIMA) and neural network (NN) models in a cascaded structure and uses explanatory variables. A two step procedure is applied. In the first step, the selected explanatory variables are predicted. In the second one, the energy prices are forecasted by using the explanatory variables prediction. Further, the proposed model considers a multi-step ahead price prediction (12 weeks-ahead) and is applied to Brazilian market, which adopts a cost-based centralized dispatch with unique characteristics of price behavior. The results show good ability to predict spikes and satisfactory accuracy according to error measures and tail loss test when compared with traditional techniques. Thus, the model can be an attractive tool to mitigate risks in purchasing power.

José C. Reston Filho; Carolina de M. Affonso; Roberto C.L. de Oliveira

2014-01-01T23:59:59.000Z

427

Are the transport fuel retail markets regionally integrated in Spain? Evidence from price transmission  

Science Journals Connector (OSTI)

Abstract In this paper we explore whether the Spanish retail fuel markets are integrated at the regional level. We perform a comparative analysis of the transmission of international wholesale fuel prices to retail fuel prices. Our results are in favor of market segmentation, since the degree of cost pass-through differs noticeably across provinces (NUTS 3) and this outcome is clearly robust to the exclusion of the island provinces. We also found that cost pass-through is more similar for those provinces belonging to the same autonomous community (NUTS 2). It is suggested that different regulations and criteria regarding the granting of administrative authorizations from the autonomous communities could be hindering the integration of geographical markets.

Jacint Balaguer; Jordi Ripollés

2014-01-01T23:59:59.000Z

428

ENVIRONMENTAL ANALYSIS OF ILLINOIS COAL ENTRY INTO THE TRANSPORTATION MARKET.  

E-Print Network (OSTI)

??High oil prices and nationalist desires to reduce foreign dependency create opportunities for Illinois bituminous coal to be involved in the transportation market. Using Illinois… (more)

Starkey, Darin Michael

2009-01-01T23:59:59.000Z

429

WTI Crude Oil Price: Base Case and 95% Confidence Interval  

Gasoline and Diesel Fuel Update (EIA)

7 7 Notes: Spot WTI prices broke $35 and even $36 per barrel in November as anticipated boosts to world supply from OPEC and other sources failed to find much realization in actual stocks data. The idea that stocks are still languishing at below-normal levels is particularly persuasive when one views current levels (for key consuming regions) relative to "normal" values which account for the long-term trend in OECD stocks. We believe that monthly average WTI prices will stay around $30 per barrel for the first part of 2001. This is a noticeable upward shift in our projected average prices from even a month ago. The shift reflects greater emphasis on the lack of stock builds and less emphasis on the assumption that supply from OPEC and non-OPEC suppliers may be exceeding demand by 1-2

430

Petroleum Marketing Annual 2007  

U.S. Energy Information Administration (EIA) Indexed Site

7 Released: August 29, 2008 Petroleum Marketing Annual --- Full report in PDF (1.2 MB) Summary Statistics Summary Statistics Tables PDF 1 Crude Oil Prices PDF TXT 1A Refiner...

431

Petroleum Marketing Annual 2008  

U.S. Energy Information Administration (EIA) Indexed Site

8 Released: August 27, 2009 Petroleum Marketing Annual --- Full report in PDF (1.2 MB) Summary Statistics Summary Statistics Tables PDF 1 Crude Oil Prices PDF TXT 1A Refiner...

432

Modelling futures price volatility in energy markets: Is there a role for financial speculation?  

Science Journals Connector (OSTI)

Abstract This paper models volatility in four energy futures markets, adopting GARCH models. The variance equation is enriched with alternative measures of speculation, based on CFTC data: the market share of non-commercial traders, the Working's T index, and the percentage of net long positions of non-commercials over total open interest in future markets. It also includes a control for market liquidity. We consider four energy commodities (light sweet crude oil, heating oil, gasoline and natural gas) over the period 2000–2014, analysed at weekly frequency. We find that speculation presents a negative and significant sign. The robustness exercise shows that: i) results remain unchanged through different model specifications (GARCH-in-mean, EGARCH, and TARCH); ii) results are robust to different specifications of the mean and variance equation.

Matteo Manera; Marcella Nicolini; Ilaria Vignati

2014-01-01T23:59:59.000Z

433

Electricity Market Module: Electricity finance and pricing submodule  

SciTech Connect

The purpose of this report is to document the updates to the Electricity Financial Pricing Module (EFP) to reflect the rate impacts of nuclear decommissioning. The EFP is part of the National Energy Modeling System (NEMS). The updates to the EFP related to nuclear decommissioning include both changes to the underlying data base and the methodology. Nuclear decommissioning refers to the activities performed to take a nuclear plant permanently out of service. The costs of nuclear decommissioning are substantial and uncertain. The recovery of these costs from ratepayers is to occur over the operating life of the nuclear plant. Utilities are obligated to make estimates of the nuclear decommissioning cost every few years. Given this estimate, utilities are to assess a charge upon ratepayers, such that over the operating life of the plant they collect sufficient funds to pay for the decommissioning. However, cost estimates for decommissioning have been increasing and it appears that utilities have not been collecting adequate funds to date. In addition, there is a real risk that many nuclear plants may be closed earlier than originally planned, further exacerbating the under collection problem. The updates performed in this project provide the EFP with the capability to analyze these issues. The remainder of this document is divided into two discussions: (1) Nuclear Decommissioning Data Base, and (2) Methodology. Appendix A contains the actual data base developed during the project.

NONE

1996-06-01T23:59:59.000Z

434

Consumers Are Enjoying Low Oil Prices (Figure 1)  

Gasoline and Diesel Fuel Update (EIA)

SUBCOMMITTEE ON ENERGY AND POWER SUBCOMMITTEE ON ENERGY AND POWER COMMITTEE ON COMMERCE U.S. HOUSE OF REPRESENTATIVES MARCH 10, 1999 Summary of Jay Hakes Testimony on Exxon-Mobil Merger The major oil companies are very different companies today than they were at the time of the Arab Oil Embargo. Following the nationalization of crude-producing assets and the subsequent rise of state-owned oil companies to run and enhance those assets, major oil companies shrank. In 1972, had mergers occurred between BP and Amoco and Exxon and Mobil, the two resulting organizations would have controlled almost 28 percent of world production. Today the combined production of these four organizations accounts for less than 7 percent of production. Exxon and Mobil account for less than 4 percent. If Exxon and Mobil combine, EIA data show several regions of large overlap.

435

Estimating household fuel oil/kerosine, natural gas, and LPG prices by census region  

SciTech Connect

The purpose of this research is to estimate individual fuel prices within the residential sector. The data from four US Department of Energy, Energy Information Administration, residential energy consumption surveys were used to estimate the models. For a number of important fuel types - fuel oil, natural gas, and liquefied petroleum gas - the estimation presents a problem because these fuels are not used by all households. Estimates obtained by using only data in which observed fuel prices are present would be biased. A correction for this self-selection bias is needed for estimating prices of these fuels. A literature search identified no past studies on application of the selectivity model for estimating prices of residential fuel oil/kerosine, natural gas, and liquefied petroleum gas. This report describes selectivity models that utilize the Dubin/McFadden correction method for estimating prices of residential fuel oil/kerosine, natural gas, and liquefied petroleum gas in the Northeast, Midwest, South, and West census regions. Statistically significant explanatory variables are identified and discussed in each of the models. This new application of the selectivity model should be of interest to energy policy makers, researchers, and academicians.

Poyer, D.A.; Teotia, A.P.S.

1994-08-01T23:59:59.000Z

436

Biggest oil spill tackled in gulf amid war, soft market  

SciTech Connect

Industry is scrambling to cope with history's biggest oil spill against the backdrop of a Persian Gulf war and a softening oil market. U.S. and Saudi Arabian officials accused Iraq of unleashing an oil spill of about 11 million bbl into the Persian Gulf off Kuwait last week by releasing crude from the giant Sea Island tanker loading terminal at Mina al Ahmadi. Smart bombs delivered by U.S. aircraft hit two onshore tank farm manifold stations, cutting off the terminal's source of oil flow Jan. 26. A small volume of oil was still leaking from 13 mile feeder pipelines to the terminal at presstime. Press reports quoted U.S. military and Saudi officials as estimating the slick at 35 miles long and 10 miles wide but breaking up in some areas late last week. Meantime, Iraq reportedly opened the valves at its Mina al Bakr marine terminal at Fao to spill crude into the northern gulf. BBC reported significant volumes of crude in the water off Fao 24 hr after the terminal valves were opened. Mina al Bakr is a considerably smaller terminal than Sea Island, suggesting that the resulting flow of oil would be smaller than that at Sea Island.

Not Available

1991-02-04T23:59:59.000Z

437

A compressed sensing based AI learning paradigm for crude oil price forecasting  

Science Journals Connector (OSTI)

Abstract Due to the complexity of crude oil price series, traditional statistics-based forecasting approach cannot produce a good prediction performance. In order to improve the prediction performance, a novel compressed sensing based learning paradigm is proposed through integrating compressed sensing based denoising (CSD) and certain artificial intelligence (AI), i.e., CSD-AI. In the proposed learning paradigm, CSD is first performed as a preprocessor for the original data of international crude oil price to eliminate the noise, and then a certain powerful AI tool is employed to conduct prediction for the cleaned data. In particular, the process of CSD aims to reduce the level of noise which pollutes the data, and to further enhance the prediction performance of the AI model. For verification purpose, international crude oil price series of West Texas Intermediate (WTI) are taken as sample data. Empirical results demonstrate that the proposed CSD-AI learning paradigm significantly outperforms all other benchmark models including single models without CSD process and hybrid models with other denoising techniques, in terms of level and directional accuracies. Furthermore, in the case of different data samples with different time ranges, the proposed model performs the best, indicating that the proposed CSD-AI learning paradigm is an effective and robust approach in crude oil price prediction.

Lean Yu; Yang Zhao; Ling Tang

2014-01-01T23:59:59.000Z

438

A stochastic optimization model for gas retail with temperature scenarios and oil price parameters  

Science Journals Connector (OSTI)

......dealing with gas retail commercialization. We consider temperature...by a mean reverting process. Oil prices and exchange...indices; mean reverting process; stochastic programming...undergoing a liberalization process aiming at promoting...storage and wholesale commercialization, and local monopolistic......

F. Maggioni; M. Bertocchi; R. Giacometti; M. T. Vespucci; M. Innorta; E. Allevi

2010-04-01T23:59:59.000Z

439

Mid-term electricity market clearing price forecasting: A hybrid LSSVM and ARMAX approach  

Science Journals Connector (OSTI)

Abstract A hybrid mid-term electricity market clearing price (MCP) forecasting model combining both least squares support vector machine (LSSVM) and auto-regressive moving average with external input (ARMAX) modules is presented in this paper. Mid-term electricity MCP forecasting has become essential for resources reallocation, maintenance scheduling, bilateral contracting, budgeting and planning purposes. Currently, there are many techniques available for short-term electricity market clearing price (MCP) forecasting, but very little has been done in the area of mid-term electricity MCP forecasting. PJM interconnection data have been utilized to illustrate the proposed model with numerical examples. The proposed hybrid model showed improved forecasting accuracy compared to a forecasting model using a single LSSVM.

Xing Yan; Nurul A. Chowdhury

2013-01-01T23:59:59.000Z

440

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

and international fuel prices. We model this behavior byand international fuel prices by about 1% and 2%,the reduction in fuel price, and underestimates the

Hochman, Gal; Rajagopal, Deepak; Zilberman, David D.

2010-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


441

The Resilience of the Indian Economy to Rising Oil Prices as a Validation Test for a Global Energy-Environment-Economy CGE Model  

E-Print Network (OSTI)

1 The Resilience of the Indian Economy to Rising Oil Prices as a Validation Test for a Global., 2009, `The resilience of the Indian economy to rising oil prices as a validation test for a global so, it compares the modeled and observed responses of the Indian economy to the rise of oil price

Paris-Sud XI, Université de

442

Price Differences in a Durable Products Secondary Market: A Hedonic Price Analysis  

E-Print Network (OSTI)

IrJRoFtino&GIryNiso88mmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmBB LNNN PRICE DFN NSEDAUBPENAS A Disertaonby eRoebtrOL oNiieyoJrtH FyoUrM oO soSt Ib sFLaoyFbeu eoOry eoiso FU utomiF sFurLo SS DFyoisoJrtH Fomid torseomtuD oeuyDtuJusrFuisousoFU omtuJrtaoJrtH Fo n h...DrmuFrLoitoF DUsuDrLo .m tFuy odU soDiJmrt eoFios doDrtoe rL tyh kUuL oJrsaorFFtuObF yoiSoby eoebtrOL oJrtH FyYousDLbeusNoFU oby eoDrtoJrtH FYo yFuLLo .uyFoFieraYoFU ousF ts Foy JyoFioUrM oO NbsoFioDUrsN oFU oJrtH FoLrseyDrm hooAuF yo ybDUoryodddh Brah...

Fumasi, Roland J

2013-07-22T23:59:59.000Z

443

Annual Energy Outlook with Projections to 2025-Market Trends - Oil and  

Gasoline and Diesel Fuel Update (EIA)

Oil and Natural Gas Oil and Natural Gas Index (click to jump links) Natural Gas Consumption and Prices Natural Gas Production Natural Gas Imports and Wellhead Prices Natural Gas Alternative Cases Oil Prices and Reserve Additions Oil Production Alaskan Oil Production and Oil Imports Petroleum Refining Refined Petroleum Products Natural Gas Consumption and Prices Projected Increases in Natural Gas Use Are Led by Electricity Generators Figure 85. Natural gas consumption by end-use sector, 1990-2025 (trillion cubic feet). Having problems, call our National Energy Information Center at 202-586-8800 for help. Figure data Total natural gas consumption is projected to increase from 2002 to 2025 in all the AEO2004 cases. The projections for domestic natural gas consumption in 2025 range from 29.1 trillion cubic feet per year in the low economic

444

Microsoft Word - Gas Prices and Oil Consumption Would Increase Without Biofuels  

NLE Websites -- All DOE Office Websites (Extended Search)

For Immediate Release For Immediate Release June 11, 2008 202-586-4940 Fact Sheet: Gas Prices and Oil Consumption Would Increase Without Biofuels Secretary of Energy Samuel W. Bodman and Secretary of Agriculture Edward T. Schafer sent a letter on June 11, 2008 to Senator Jeff Bingaman addressing a number of questions related to biofuels, food, and gasoline and diesel prices. The letter is available at http://www.energy.gov Without Biofuels, Gas Prices Would Increase $.20 to $.35 per Gallon. * The U.S. Department of Energy (DOE) estimates that gasoline prices would be between 20 cents to 35 cents per gallon higher without ethanol 1 , a first-generation biofuel. * For a typical household, that means saving about $150 to $300 per year. * For the U.S. overall, this saves gas expenditures of $28 billion to $49 billion based on annual

445

Oil and metal price movements and BRIC macro-economy: an empirical analysis  

Science Journals Connector (OSTI)

Brazil, Russia, India, and China are the four fastest growing economies to emerge at the dawn of the new century. Concisely referred to as BRIC, the growth of these states has transferred sources of wealth and capital. To fuel such rising economies requires resources. In particular, food, construction materials, and energy are necessary to sustain BRIC growth. This paper will ultimately examine the relationship between macroeconomic factors of the BRIC countries and commodity price movements from the early 1990s to the end of 2007. Some strong relationships were found, including metal price fluctuations on Brazil's Stock Index and oil price fluctuations on Russia GDP. Interestingly, we could not find any significant relationships between China's macroeconomic factors and commodity price movements.

Paul Kim; Tomohiro Ando

2012-01-01T23:59:59.000Z

446

Microsoft Word - Documentation - Price Forecast Uncertainty.doc  

U.S. Energy Information Administration (EIA) Indexed Site

October 2009 October 2009 1 October 2009 Short-Term Energy Outlook Supplement: Energy Price Volatility and Forecast Uncertainty 1 Summary It is often noted that energy prices are quite volatile, reflecting market participants' adjustments to new information from physical energy markets and/or markets in energy- related financial derivatives. Price volatility is an indication of the level of uncertainty, or risk, in the market. This paper describes how markets price risk and how the market- clearing process for risk transfer can be used to generate "price bands" around observed futures prices for crude oil, natural gas, and other commodities. These bands provide a quantitative measure of uncertainty regarding the range in which markets expect prices to

447

The impact of market structure on price determination : a simulation approach using multi-agent reinforcement learning in continuous state and action space  

E-Print Network (OSTI)

This thesis proposes a simulation tool to study the question of how market structure and market players' behavior affect price movements. The adaptive market simulation system consists of multiple agents and a centralized ...

Shu, Buliao

2014-01-01T23:59:59.000Z

448

Average Residential Price  

U.S. Energy Information Administration (EIA) Indexed Site

Pipeline and Distribution Use Price Citygate Price Residential Price Commercial Price Industrial Price Vehicle Fuel Price Electric Power Price Proved Reserves as of 12/31 Reserves Adjustments Reserves Revision Increases Reserves Revision Decreases Reserves Sales Reserves Acquisitions Reserves Extensions Reserves New Field Discoveries New Reservoir Discoveries in Old Fields Estimated Production Number of Producing Gas Wells Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production Natural Gas Processed NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Underground Storage Injections Underground Storage Withdrawals Underground Storage Net Withdrawals LNG Storage Additions LNG Storage Withdrawals LNG Storage Net Withdrawals Total Consumption Lease and Plant Fuel Consumption Lease Fuel Plant Fuel Pipeline & Distribution Use Delivered to Consumers Residential Commercial Industrial Vehicle Fuel Electric Power Period: Monthly Annual

449

Average Residential Price  

Gasoline and Diesel Fuel Update (EIA)

Pipeline and Distribution Use Price Citygate Price Residential Price Commercial Price Industrial Price Vehicle Fuel Price Electric Power Price Proved Reserves as of 12/31 Reserves Adjustments Reserves Revision Increases Reserves Revision Decreases Reserves Sales Reserves Acquisitions Reserves Extensions Reserves New Field Discoveries New Reservoir Discoveries in Old Fields Estimated Production Number of Producing Gas Wells Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production Natural Gas Processed NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Underground Storage Injections Underground Storage Withdrawals Underground Storage Net Withdrawals LNG Storage Additions LNG Storage Withdrawals LNG Storage Net Withdrawals Total Consumption Lease and Plant Fuel Consumption Lease Fuel Plant Fuel Pipeline & Distribution Use Delivered to Consumers Residential Commercial Industrial Vehicle Fuel Electric Power Period: Monthly Annual

450

Average Commercial Price  

Gasoline and Diesel Fuel Update (EIA)

Pipeline and Distribution Use Price Citygate Price Residential Price Commercial Price Industrial Price Vehicle Fuel Price Electric Power Price Proved Reserves as of 12/31 Reserves Adjustments Reserves Revision Increases Reserves Revision Decreases Reserves Sales Reserves Acquisitions Reserves Extensions Reserves New Field Discoveries New Reservoir Discoveries in Old Fields Estimated Production Number of Producing Gas Wells Gross Withdrawals Gross Withdrawals From Gas Wells Gross Withdrawals From Oil Wells Gross Withdrawals From Shale Gas Wells Gross Withdrawals From Coalbed Wells Repressuring Nonhydrocarbon Gases Removed Vented and Flared Marketed Production Natural Gas Processed NGPL Production, Gaseous Equivalent Dry Production Imports By Pipeline LNG Imports Exports Exports By Pipeline LNG Exports Underground Storage Capacity Underground Storage Injections Underground Storage Withdrawals Underground Storage Net Withdrawals LNG Storage Additions LNG Storage Withdrawals LNG Storage Net Withdrawals Total Consumption Lease and Plant Fuel Consumption Lease Fuel Plant Fuel Pipeline & Distribution Use Delivered to Consumers Residential Commercial Industrial Vehicle Fuel Electric Power Period: Monthly Annual

451

Plasticizer Contamination in Edible Vegetable Oil in a U.S. Retail Market  

Science Journals Connector (OSTI)

Plasticizer Contamination in Edible Vegetable Oil in a U.S. Retail Market ... The content of total plasticizers in oil samples was determined to be 210–7558 ?g/kg, which was comparable to the content range in oil marketed in Italy. ... The electron impact energy was 70 eV. ...

Xiaolong Bi; Xiaojun Pan; Shoujun Yuan; Qiquan Wang

2013-09-09T23:59:59.000Z

452

1986 Cogeneration Market Assessment  

E-Print Network (OSTI)

implementation path such as changing energy general direction. prices, tax laws, FERC decisions, avoided costs, permitting etc., the cogeneration industry is What's missing is usually the meaning of th still strong. market assessment to the end user... increases and paper production which is basically a solid fuel fired steam turbine market will increase, thus increasing the application of steam turbines. Lastly, in the refuse market probably the least effect of lower oil prices will occur. Energy...

Wallace, D. G.

453

Product Guide Product Guide Volumes Category Prices Table Crude Oil  

Gasoline and Diesel Fuel Update (EIA)

436 Energy Information Administration / Petroleum Marketing Annual 1997 Kerosene refiners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,4,36 3,5,45 prime suppliers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -- 50 No. 1 Distillate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . refiners . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,4,37 3,5,45 prime suppliers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . -- 50 No. 2 Distillate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . all sellers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,18,39 -- refiners

454

Cheese Prices  

E-Print Network (OSTI)

Cheese prices are derived from the USDA Agricultural Marketing Service Market News, the National Agricultural Statistics Service, and the Chicago Mercantile Exchange. This publication explains the process of cheese pricing. It includes information...

Schwart Jr., Robert B.; Anderson, David P.; Knutson, Ronald D.

2003-08-25T23:59:59.000Z

455

An economic assessment of the impact of two crude oil price scenarios on households  

SciTech Connect

The impact of two possible future crude oil price scenarios -- high and low price cases -- is assessed for three population groups: majority (non-Hispanic and nonblack), black, and Hispanic. The two price scenarios were taken from the energy security'' report published by the US Department of Energy in 1987. Effects of the two crude oil price scenarios for the 1986--95 period are measured for energy demand and composition and for share of income spent on energy by the three population groups at both the national and census-region levels. The effects on blacks are marginally more adverse than on majority householders, while effects on Hispanics are about the same as those on the majority. Little change is seen in percentage of income spent on energy over the forecast period. Both Hispanic and black households would spend a larger share of their incomes on energy than would majority households. The relatively adverse effects in the higher price scenario shift from the South and West Census regions to the Northeast and Midwest. 24 refs., 7 figs., 22 tabs.

Poyer, D.A.; Teotia, A.P.S.; Hemphill, R.C.; Hill, L.G.; Marinelli, J.L.; Rose, K.J.; Santini, D.J.

1990-02-01T23:59:59.000Z

456

A new comprehensive model to simulate the restructured power market for seasonal price signals by considering on the wind resources  

Science Journals Connector (OSTI)

Generation expansion planning requires simulating the medium term power market. This can be done based on electricity price signals in the power market. The market clearing price is one of the most important factors to determine the incremental rate of private investor's profit. When calculating this parameter the planners encounter greater uncertainties in a restructured power market than in a centralized market. This can be critical when renewable energies participate in this type of electricity market. In this study the scenario based method is used to model a wind power plant in the restructured power market. The hourly output of the wind turbine generators is simulated based on a hybrid Auto Regressive and Moving Average-Monte Carlo method. Each scenario of the wind power plant as well as its occurrence probability is determined based on a data mining technique. Then a new comprehensive model for the restructured power market is proposed to maximize the profit of investors as well as to determine the market clearing price by considering stochastic and rational uncertainties. The stochastic uncertainties include the demand and fuel price that are modelled by using the Monte-Carlo method. The Nash equilibrium in the rational uncertainty as a strategic behaviour of players in the power market is determined by using the Cournot game. The effect of the CO2 tax rate and the bilateral contract are investigated in this study. Finally the model is implemented in a test power market. According to the findings this model can be used as a robust and comprehensive model to determine the market clearing price which can be applied for capacity expansion planning.

2014-01-01T23:59:59.000Z

457

Correlation of Price to Inventory Levels  

Gasoline and Diesel Fuel Update (EIA)

1 1 Notes: Gasoline prices move with changes in crude oil prices, and crude prices have varied significantly over the past decade, as illustrated above with the monthly average spot prices for West Texas Intermediate crude oil. Gasoline prices were as low as 91 cents per gallon in early 1999 when crude prices were very low, and were around $1.56 per gallon mid to late September 2000 when crude prices were high, even though the peak gasoline demand season was over at that point. We have observed that crude oil., like other commodities, responds to basic market fundamentals of supply and demand. Inventories are a good means of measuring the balance between demand and supply in the marketplace, and thus are a good barometer of price pressure. For example, when demand exceeds supply over and above the typical situation,

458

Markets & Finance - Analysis & Projections - U.S. Energy Information  

Gasoline and Diesel Fuel Update (EIA)

Most Requested Most Requested Change category... Most Requested Electricity Financial Markets Financial Reporting System All Reports Filter by: All Data Analysis Projections Weekly Reports Today in Energy - Markets & Finance Short, timely articles with graphs about recent issues and trends in financial markets Monthly Reports Market Prices and Uncertainty Report Released: January 7, 2014 This is a regular monthly supplement to the EIA Short-Term Energy Outlook. (archived versions) Archived Versions Market Prices and Uncertainty Report - Archive Energy & Financial Markets: What Drives Crude Oil Prices? Released: December 14, 2011 An assessment of the various factors that may influence oil prices - physical market factors as well as those related to trading and financial

459

The price fluctuations of the stock market display fascinating properties. The volatility is around one order of magnitude too large than what is predicted  

E-Print Network (OSTI)

Abstract The price fluctuations of the stock market display fascinating properties. The volatility decisions. We also study the price formation and the microstructure of financial markets, at the level of the order book which organizes transactions. We explain why the price is diffusive despite the fact

Paris-Sud XI, Université de

460

Distillate Fuel Oil Imports Could Be Available - For A Price  

Gasoline and Diesel Fuel Update (EIA)

4 4 Notes: So it wasn't demand and production explains only part of the reason we got through last winter with enough stocks. The mystery is solved when you look at net imports of distillate fuel last winter. As we found out, while imports are a small contributor to supply, they are sometimes crucial. Last winter, imports were the main source of supply increase following the price spike. Previous record levels were shattered as imports came pouring into the country. The fact that Europe was enjoying a warmer-than-normal winter also encouraged exports to the United States. It was massive amounts of imports, particularly from Russia, that helped us get through last winter in as good a shape as we did. Imports are expected to be relatively normal this winter. Added imports

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


461

DOCUMENTS DE TRAVAIL -WORKING PAPERS Testing Optimal Punishment Mechanisms under Price  

E-Print Network (OSTI)

of market studies indicating that "major Canadian oil companies were going to use price wars, new creditDOCUMENTS DE TRAVAIL - WORKING PAPERS W.P. 06-11 Testing Optimal Punishment Mechanisms under Price under Price Regulation: the Case of the Retail Market for Gasoline By Robert Gagné* , HEC Montréal, CRT

Paris-Sud XI, Université de

462

Economic effects of peak oil  

Science Journals Connector (OSTI)

Assuming that global oil production peaked, this paper uses scenario analysis to show the economic effects of a possible supply shortage and corresponding rise in oil prices in the next decade on different sectors in Germany and other major economies such as the US, Japan, China, the OPEC or Russia. Due to the price-inelasticity of oil demand the supply shortage leads to a sharp increase in oil prices in the second scenario, with high effects on GDP comparable to the magnitude of the global financial crises in 2008/09. Oil exporting countries benefit from high oil prices, whereas oil importing countries are negatively affected. Generally, the effects in the third scenario are significantly smaller than in the second, showing that energy efficiency measures and the switch to renewable energy sources decreases the countries' dependence on oil imports and hence reduces their vulnerability to oil price shocks on the world market.

Christian Lutz; Ulrike Lehr; Kirsten S. Wiebe

2012-01-01T23:59:59.000Z

463

The market value of variable renewables: The effect of solar wind power variability on their relative price  

Science Journals Connector (OSTI)

Abstract This paper provides a comprehensive discussion of the market value of variable renewable energy (VRE). The inherent variability of wind speeds and solar radiation affects the price that VRE generators receive on the market (market value). During windy and sunny times the additional electricity supply reduces the prices. Because the drop is larger with more installed capacity, the market value of VRE falls with higher penetration rate. This study aims to develop a better understanding on how the market value with penetration, and how policies and prices affect the market value. Quantitative evidence is derived from a review of published studies, regression analysis of market data, and the calibrated model of the European electricity market EMMA. We find the value of wind power to fall from 110% of the average power price to 50–80% as wind penetration increases from zero to 30% of total electricity consumption. For solar power, similarly low value levels are reached already at 15% penetration. Hence, competitive large-scale renewable deployment will be more difficult to accomplish than as many anticipate.

Lion Hirth

2013-01-01T23:59:59.000Z

464

The future of oil: Geology versus technology  

Science Journals Connector (OSTI)

Abstract We discuss and reconcile the geological and economic/technological views concerning the future of world oil production and prices, and present a nonlinear econometric model of the world oil market that encompasses both views. The model performs far better than existing empirical models in forecasting oil prices and oil output out-of-sample. Its point forecast is for a near doubling of the real price of oil over the coming decade, though the error bands are wide, reflecting sharply differing judgments on the ultimately recoverable reserves, and on future price elasticities of oil demand and supply.

Jaromir Benes; Marcelle Chauvet; Ondra Kamenik; Michael Kumhof; Douglas Laxton; Susanna Mursula; Jack Selody

2015-01-01T23:59:59.000Z

465

The role of trader positions in spot and futures prices for WTI  

Science Journals Connector (OSTI)

Abstract We extend the analysis of causal relations between trader positions and oil prices and the process of price discovery by estimating a cointegrating vector autoregression (CVAR) model that expands the cash-and-carry relation between spot and futures prices to quantify long- and short-run relations among oil prices, trader positions, interest rates, and oil inventories. Results indicate that oil inventories and trader positions are needed to generate cointegration between spot and futures prices. The presence of trader positions and oil inventories suggest that both play a role in price discovery. Furthermore, the cointegrating relation for price loads into the equation for both oil prices and trader positions. This suggests a bi-directional simultaneous adjustment process between oil prices and trader positions. This expands the unidirectional causal relation from oil prices to trader positions that is generated by previous studies. Additional results suggest that price discovery occurs in the market for heavily traded near-month futures contracts, but discovery for thin far-month futures markets occurs in the spot market. Together, these results suggest mechanisms by which speculation could affect oil prices but the results presented here are moot regarding their effects.

Marek Kolodziej; Robert K. Kaufmann

2013-01-01T23:59:59.000Z

466

A Non Parametric Model for the Forecasting of the Venezuelan Oil Prices  

E-Print Network (OSTI)

A neural net model for forecasting the prices of Venezuelan crude oil is proposed. The inputs of the neural net are selected by reference to a dynamic system model of oil prices by Mashayekhi (1995, 2001) and its performance is evaluated using two criteria: the Excess Profitability test by Anatoliev and Gerko (2005) and the characteristics of the equity curve generated by a trading strategy based on the neural net predictions. ----- Se introduce aqui un modelo no parametrico para pronosticar los precios del petroleo Venezolano cuyos insumos son seleccionados en base a un sistema dinamico que explica los precios en terminos de dichos insumos. Se describe el proceso de recoleccion y pre-procesamiento de datos y la corrida de la red y se evaluan sus pronosticos a traves de un test estadistico de predictibilidad y de las caracteristicas del Equity Curve inducido por la estrategia de compraventa bursatil generada por dichos pronosticos.

Costanzo, Sabatino; Dehne, Wafaa; Prato, Hender

2007-01-01T23:59:59.000Z

467

THE WEEK'S PRICE CHANGES  

Science Journals Connector (OSTI)

THE WEEK'S PRICE CHANGES ... Socony Vacuum Oil Co. effected a second reduction in its prices for No. 2 fuel oil and ... ...

1950-02-27T23:59:59.000Z

468

World oil demand’s shift toward faster growing and less price-responsive products and regions  

Science Journals Connector (OSTI)

Using data for 1971–2008, we estimate the effects of changes in price and income on world oil demand, disaggregated by product – transport oil, fuel oil (residual and heating oil), and other oil – for six groups of countries. Most of the demand reductions since 1973–74 were due to fuel-switching away from fuel oil, especially in the OECD; in addition, the collapse of the Former Soviet Union (FSU) reduced their oil consumption substantially. Demand for transport and other oil was much less price-responsive, and has grown almost as rapidly as income, especially outside the OECD and FSU. World oil demand has shifted toward products and regions that are faster growing and less price-responsive. In contrast to projections to 2030 of declining per-capita demand for the world as a whole – by the U.S. Department of Energy (DOE), International Energy Agency (IEA) and OPEC – we project modest growth. Our projections for total world demand in 2030 are at least 20% higher than projections by those three institutions, using similar assumptions about income growth and oil prices, because we project rest-of-world growth that is consistent with historical patterns, in contrast to the dramatic slowdowns which they project.

Joyce M. Dargay; Dermot Gately

2010-01-01T23:59:59.000Z

469

Research on patterns in the fluctuation of the co-movement between crude oil futures and spot prices: A complex network approach  

Science Journals Connector (OSTI)

Abstract The price of crude oil is fluctuating. Researchers focus on the fluctuation of crude oil prices or relationship between crude oil futures and spot prices. However, the relationship also presents fluctuation which draws our attention. This paper designed a complex network approach for examining the dynamics of the co-movement between crude oil futures and spot prices. We defined the co-movement modes by a coarse-graining procedure and analyzed the transformation characteristics between the modes by weighted complex network models and evolutionary models. We analyzed the parameters of these models by using the West Texas Intermediate crude oil future prices and the Daqing (China) crude oil spot prices from November 25, 2002 to March 22, 2011 as sample data. The results indicate that the co-movement modes of the crude oil futures and spot prices are clustered around a few critical modes during the evolution. The co-movement of the crude oil prices has the characteristic of grouping, and the conversion of the co-movement modes requires an average of 5–7 days. There are some important transitional phases in the evolution of prices, and the results validate the current trend of rising oil prices. This research may provide information for the oil price decision-making process, and more importantly, provides a new approach for examining the co-movement between variables.

Haizhong An; Xiangyun Gao; Wei Fang; Yinghui Ding; Weiqiong Zhong

2014-01-01T23:59:59.000Z

470

Winter Crude Oil and  

Gasoline and Diesel Fuel Update (EIA)

4 4 Notes: While the relatively low stock forecast (although not as low as last winter) adds some extra pressure to prices, the price of crude oil could be the major factor affecting heating oil prices this winter. The current EIA forecast shows residential prices averaging $1.29 this winter, assuming no volatility. The average retail price is about 7 cents less than last winter, but last winter included the price spike in November 2000, December 2000, and January 2001. Underlying crude oil prices are currently expected to be at or below those seen last winter. WTI averaged over $30 per barrel last winter, and is currently forecast to average about $27.50 per barrel this winter. As those of you who watch the markets know, there is tremendous uncertainty in the amount of crude oil supply that will be available this winter. Less

471

On the Allocative Efficiency of Competitive Prices in Economies with Incomplete Markets  

E-Print Network (OSTI)

Radner-GEI economy (an economy with incomplete markets and sequential trade), defines Allais-Malinvaud efficiency, and shows the Allais- Malinvaud efficiency of every equilibrium in a Radner-GEI economy. Section 5 defines a 6 Radner-GEI economy in which... for commodities in that subset alone, and not for commodities in the other subset.6 Prices for commodities in one subset cannot allocate commodities in the other subset, because they cannot reflect relative value of those commodities, so a more relevant measure...

Sabarwal, Tarun

2003-09-01T23:59:59.000Z

472

Sunco Oil manufactures three types of gasoline (gas 1, gas 2 and gas 3). Each type is produced by blending three types of crude oil (crude 1, crude 2 and crude 3). The sales price per barrel of gasoline and the purchase price per  

E-Print Network (OSTI)

Sunco Oil manufactures three types of gasoline (gas 1, gas 2 and gas 3). Each type is produced by blending three types of crude oil (crude 1, crude 2 and crude 3). The sales price per barrel of gasoline and the purchase price per barrel of crude oil are given in following table: Gasoline Sale Price per barrel Gas 1

Phillips, David

473

Big questions cloud Iraq's future role in world oil market  

SciTech Connect

This paper reports that Iraq raises questions for the world oil market beyond those frequently asked about when and under what circumstances it will resume exports. Two wars since 1981 have obscured encouraging results from a 20 year exploration program that were only beginning to come to light when Iraq invaded Kuwait in August 1990. Those results indicate the country might someday be able to produce much more than the 3.2 million b/d it was flowing before a United Nations embargo blocked exports. If exploratory potential is anywhere near what officials asserted in the late 1980s, and if Iraq eventually turns hospitable to international capital, the country could become a world class opportunity for oil companies as well as an exporter with productive capacity approaching that of Saudi Arabia. But political conditions can change quickly. Under a new, secular regime, Iraq might welcome non-Iraqi oil companies and capital as essential to economic recovery. It's a prospect that warrants a new industry look at what the country has revealed about its geology and exploration history.

Tippee, B.

1992-03-09T23:59:59.000Z

474

U.S. Residential Photovoltaic (PV) System Prices, Q4 2013 Benchmarks: Cash Purchase, Fair Market Value, and Prepaid Lease Transaction Prices  

SciTech Connect

The price of photovoltaic (PV) systems in the United States (i.e., the cost to the system owner) has dropped precipitously in recent years, led by substantial reductions in global PV module prices. This report provides a Q4 2013 update for residential PV systems, based on an objective methodology that closely approximates the book value of a PV system. Several cases are benchmarked to represent common variation in business models, labor rates, and module choice. We estimate a weighted-average cash purchase price of $3.29/W for modeled standard-efficiency, polycrystalline-silicon residential PV systems installed in the United States. This is a 46% decline from the 2013-dollar-adjusted price reported in the Q4 2010 benchmark report. In addition, this report frames the cash purchase price in the context of key price metrics relevant to the continually evolving landscape of third-party-owned PV systems by benchmarking the minimum sustainable lease price and the fair market value of residential PV systems.

Davidson, C.; James, T. L.; Margolis, R.; Fu, R.; Feldman, D.

2014-10-01T23:59:59.000Z

475

The role of interruptible natural gas customers in New England heating oil markets: A preliminary examination of events in January-February 2000  

SciTech Connect

This report provides an analysis of data collected from gas service providers and end-use customers in the six New England States and offers a preliminary assessment of the impact of interruptible gas customers on the distillate fuel oil market this past winter. Based on information collected and analyzed as of October 2000, the main findings areas follows: (1) For interruptible gas customers with distillate fuel oil as a backup fuel, their volume of interruptions was equivalent to about 1 to 2 percent of the total sales of distillate fuel oil in New England during January-February 2000. For the two peak weeks of gas supply interruptions, however, the equivalent volume of distillate fuel oil amounted to an estimated 3 to 6 percent of total sales in New England. There were no interruptions of the natural gas service during the 2-month period. (2) Purchases of distillate fuel oil by interruptible gas customers may have contributed somewhat to the spike in the price of distillate fuel oil in January-February 2000, especially during the peak weeks of gas interruptions. Nevertheless, other factors--a sudden drop in temperatures, low regional stocks of distillate fuels, and weather-related supply problems during a period of high customer demand--appear to have played a significant role in this price spike, as they have in previous spikes. (3) While this preliminary analysis suggests that interruptible natural gas service does not threaten the stability of the home heating oil market, several steps might be taken-without undermining the benefits of interruptible service--to reduce the potential adverse impacts of gas supply interruptions in times of market stress. Regardless of the magnitude of the impact of distillate fuel oil purchases by interruptible gas customers on Northeast heating oil markets, the threat of future heating oil price spikes and supply problems still remains. To help counter the threat, President Clinton in July 2000 directed Secretary Richardson to establish a heating oil component of the Strategic Petroleum Reserve in the Northeast, and 2 million barrels of heating oil are now stored in the reserve. Other possible policy options are outlined.

None

2000-11-01T23:59:59.000Z

476

Microsoft Word - Price Uncertainty Supplement.doc  

Gasoline and Diesel Fuel Update (EIA)

May 2010 May 2010 Short-Term Energy Outlook Energy Price Volatility and Forecast Uncertainty 1 May 11, 2010 Release Crude Oil Prices. WTI crude oil spot prices averaged $84 per barrel in April 2010, about $3 per barrel above the prior month's average and $2 per barrel higher than forecast in last month's Outlook. EIA projects WTI prices will average about $84 per barrel over the second half of this year and rise to $87 by the end of next year, an increase of about $2 per barrel from the previous Outlook (West Texas Intermediate Crude Oil Price Chart). Energy price forecasts are highly uncertain, as history has shown. Prices for near-term futures options contracts suggest that the market attaches

477

Microsoft Word - Price Uncertainty Supplement.doc  

Gasoline and Diesel Fuel Update (EIA)

0 0 1 June 2010 Short-Term Energy Outlook Energy Price Volatility and Forecast Uncertainty 1 June 8, 2010 Release Crude Oil Prices. WTI crude oil spot prices averaged less than $74 per barrel in May 2010, almost $11 per barrel below the prior month's average and $7 per barrel lower than forecast in last month's Outlook. EIA projects WTI prices will average about $79 per barrel over the second half of this year and rise to $84 by the end of next year, a decrease of about $3 per barrel from the previous Outlook (West Texas Intermediate Crude Oil Price Chart). Energy price forecasts are highly uncertain, as history has shown. Prices for near-term futures options contracts suggest that the market attaches

478

FEDERAL RESERVE BANK OF DALLASWhat Drives Natural Gas Prices?  

E-Print Network (OSTI)

Abstract: For many years, fuel switching between natural gas and residual fuel oil kept natural gas prices closely aligned with those for crude oil. More recently, however, the number of U.S. facilities able to switch between natural gas and residual fuel oil has declined, and over the past five years, U.S. natural gas prices have been on an upward trend with crude oil prices but with considerable independent movement. Natural gas market analysts generally emphasize weather and inventories as drivers of natural gas prices. Using an error-correction model, we show that when these and other additional factors are taken into account, movements in crude oil prices have a prominent role in shaping natural gas prices. Our findings imply a continuum of prices at which natural gas and petroleum products are substitutes.

Stephen P. A. Brown; Mine K. Yücel; Stephen P. A. Brown; Mine K. Yücel

2007-01-01T23:59:59.000Z

479

Estimating Large-Customer Demand Response Market Potential: Integrating Price and Customer Behavior  

E-Print Network (OSTI)

of price response (price elasticity of demand, substitutionprice elasticity of demand was used to characterize customer response,

Goldman, Charles; Hopper, Nicole; Bharvirkar, Ranjit; Neenan, Bernie; Cappers, Peter

2007-01-01T23:59:59.000Z

480

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

Fig. 1, where aggregate demand for oil is denoted D + D ? ,oil-exporting and oil-importing countries’ demand functionsinelastic global demand for crude oil, the elasticity of the

Hochman, Gal; Rajagopal, Deepak; Zilberman, David D.

2010-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "markets oil prices" from the National Library of EnergyBeta (NLEBeta).
While these samples are representative of the content of NLEBeta,
they are not comprehensive nor are they the most current set.
We encourage you to perform a real-time search of NLEBeta
to obtain the most current and comprehensive results.


481

No-Arbitrage Pricing for Dividend-Paying Securities in Discrete-Time Markets with Transaction Costs  

E-Print Network (OSTI)

We prove a version of First Fundamental Theorem of Asset Pricing under transaction costs for discrete-time markets with dividend-paying securities. Specifically, we show that the no-arbitrage condition under the efficient friction assumption is equivalent to the existence of a risk-neutral measure. We derive dual representations for the superhedging ask and subhedging bid price processes of a derivative contract. Our results are illustrated with a vanilla credit default swap contract.

Bielecki, Tomasz R; Rodriguez, Rodrigo

2012-01-01T23:59:59.000Z

482

Volatility Relationship between Crude Oil and Petroleum Products  

Science Journals Connector (OSTI)

This paper utilizes calculated historical volatility and GARCH models to compare the historical price volatility behavior of crude oil, motor gasoline and heating oil in U.S. markets since 1990. ... GARCH/TARCH m...

Thomas K. Lee; John Zyren

2007-03-01T23:59:59.000Z

483

Petroleum Marketing Annual 2009  

Gasoline and Diesel Fuel Update (EIA)

Petroleum Marketing Annual 2009 Petroleum Marketing Annual 2009 Released: August 6, 2010 Monthly price and volume statistics on crude oil and petroleum products at a national, regional and state level. Notice: Changes to EIA Petroleum Data Program Petroleum Marketing Annual --- Full report in PDF (1.2 MB) Previous Issues --- Previous reports are available on the historical page. Summary Statistics Summary Statistics Tables PDF 1 Crude Oil Prices PDF TXT 1A Refiner Acquisition Cost of Crude Oil by PAD Districts HTML PDF TXT 2 U.S. Refiner Prices of Petroleum Products to End Users HTML PDF TXT 3 U.S. Refiner Volumes of Petroleum Products to End Users PDF TXT Motor Gasoline to End Users HTML Residual Fuel Oil and No. 4 Fuel to End Users HTML Other Petroleum Products to End Users HTML

484

Markets & Finance - Data - U.S. Energy Information Administration (EIA)  

Gasoline and Diesel Fuel Update (EIA)

Market Prices and Uncertainty Report Charts Market Prices and Uncertainty Report Charts Selected Charts Figure 1: Historical crude oil front month futures prices Figure 6: Probability of the November 2012 WTI contract expiring above different price levels Figure 7: Historical RBOB futures prices and crack spreads Figure 9: Probability of November 2012 retail gasoline exceeding different prices levels at expiration Figure 13: Historical front month U.S. natural gas prices Figure 15: Probability of the November 2012 Henry Hub contract expiring above price levels West Texas Intermediate (WTI) Crude Oil Price Confidence Intervals XLS West Texas Intermediate (WTI) Crude Oil Price Probabilities XLS Henry Hub Natural Gas Prices and Confidence Intervals XLS Henry Hub Natural Gas Price Probabilities XLS

485

Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis of the Oil and Gas Field Services  

E-Print Network (OSTI)

Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis of the Oil and Gas Field examines the response of employment and wages in the US oil and gas ...eld services industry to changes the dynamic response of wages and employment in the U.S. Oil and Gas Field Services (OGFS) industry to changes

Sadoulet, Elisabeth

486

Improved one day-ahead price forecasting using combined time series and artificial neural network models for the electricity market  

Science Journals Connector (OSTI)

The price forecasts embody crucial information for generators when planning bidding strategies to maximise profits. Therefore, generation companies need accurate price forecasting tools. Comparison of neural network and auto regressive integrated moving average (ARIMA) models to forecast commodity prices in previous researches showed that the artificial neural network (ANN) forecasts were considerably more accurate than traditional ARIMA models. This paper provides an accurate and efficient tool for short-term price forecasting based on the combination of ANN and ARIMA. Firstly, input variables for ANN are determined by time series analysis. This model relates the current prices to the values of past prices. Secondly, ANN is used for one day-ahead price forecasting. A three-layered feed-forward neural network algorithm is used for forecasting next-day electricity prices. The ANN model is then trained and tested using data from electricity market of Iran. According to previous studies, in the case of neural networks and ARIMA models, historical demand data do not significantly improve predictions. The results show that the combined ANNâ??ARIMA forecasts prices with high accuracy for short-term periods. Also, it is shown that policy-making strategies would be enhanced due to increased precision and reliability.

Ali Azadeh; Seyed Farid Ghaderi; Behnaz Pourvalikhan Nokhandan; Shima Nassiri

2011-01-01T23:59:59.000Z

487

EIA - Special Report 8/31/05 - Hurricane Katrina's Impact on Oil Markets  

U.S. Energy Information Administration (EIA) Indexed Site

Wednesday, August 31, 4:00 pm --SEE MOST RECENT-- Wednesday, August 31, 4:00 pm --SEE MOST RECENT-- According to the Minerals Management Service (MMS), as of 11:30 Central Time August 31, Gulf of Mexico oil production was reduced by over 1.371 million barrels per day as a result of Hurricane Katrina, equivalent to about 91.45 percent of daily Gulf of Mexico oil production (which is 1.5 million barrels per day). The MMS also reported that 8.345 billion cubic feet per day of natural gas production was shut in, equivalent to 83.46 percent of daily Gulf of Mexico natural gas production (which is 10 billion cubic feet per day). Petroleum Crude oil prices and petroleum product prices have spiked over the last three trading days. As of the close of trading on Wednesday, the NYMEX West Texas Intermediate (WTI) crude oil futures price fell 87 cents per barrel from yesterday's all time high (unadjusted for inflation), settling at $68.94. The gasoline near-month futures price gained 14.0 cents per gallon from yesterday, settling at 261.45 cents per gallon, an all-time high for the near-month closing price (unadjusted for inflation). The heating oil near-month futures price fell 2.29 cents per gallon from yesterday's all time high (unadjusted for inflation), settling at 205.30 cents per gallon.

488

A wavelet-based nonlinear ARDL model for assessing the exchange rate pass-through to crude oil prices  

Science Journals Connector (OSTI)

Abstract We investigate whether changes in the US dollar exchange rates of eighteen currencies help explain the movements in the price of crude oil by using a wavelet-based nonlinear autoregressive distributed lags model (W-NARDL). This model allows one to capture the short- and long-run nonlinearities while taking into account the potential of extreme movements and excluding the noise components of the underlying data. We find evidence of significant and asymmetric pass-through of exchange rates to oil prices in both the short and long run. In particular, the long-run negative changes in exchange rates (dollar depreciation) exert a greater impact on oil prices than do the long-run positive changes (dollar appreciation), even though the sign of the effect is commonly negative in most cases. Our results finally suggest that denoising the crude oil and exchange rate data is effective and necessary before their interactions can be analyzed.

Rania Jammazi; Amine Lahiani; Duc Khuong Nguyen

2014-01-01T23:59:59.000Z

489

,"U.S. Residual Fuel Oil Prices by Sales Type"  

U.S. Energy Information Administration (EIA) Indexed Site

Prices by Sales Type" Prices by Sales Type" ,"Click worksheet name or tab at bottom for data" ,"Worksheet Name","Description","# Of Series","Frequency","Latest Data for" ,"Data 1","Residual Fuel Oil Average",2,"Monthly","9/2013","1/15/1983" ,"Data 2","Sulfur Less Than or Equal to 1%",2,"Monthly","9/2013","1/15/1983" ,"Data 3","Sulfur Greater Than 1%",2,"Monthly","9/2013","1/15/1983" ,"Release Date:","12/2/2013" ,"Next Release Date:","1/2/2014" ,"Excel File Name:","pet_pri_resid_dcu_nus_m.xls" ,"Available from Web Page:","http://www.eia.gov/dnav/pet/pet_pri_resid_dcu_nus_m.htm"

490

The bridge across is better known as Marketing. The process of turning your ideas into products, finding the right price for the product, getting it  

E-Print Network (OSTI)

The bridge across is better known as Marketing. The process of turning your ideas into products, finding the right price for the product, getting it to the market, and communicating your product's benefits to your customers ­ that is Marketing. At its core, marketing is about giving the customer what

Habib, Ayman

491

Coal - prices tumble as the glut continues  

SciTech Connect

The oil price collapse was the major event affecting coal markets around the world in 1986. The 8% expansion in international coal trade in 1985 was halted, and prices fell considerably. World coking coal trade declined and import and export prices fell due to a decrease in steel production and the use of oil, rather than pulverized coal, in blast furnaces. However steam coal trade increased by about 5 million mt because of various institutional constraints to utilities switching from coal burning to oil burning. The article covers coal trade and production in the following countries: Australia; Canada; China; Colombia; Western Europe; Japan; Poland; South Africa; and the USSR.

Lee, H.M.

1987-03-01T23:59:59.000Z

492

,"Domestic Crude Oil First Purchase Prices by Area"  

U.S. Energy Information Administration (EIA) Indexed Site

Area" Area" ,"Click worksheet name or tab at bottom for data" ,"Worksheet Name","Description","# Of Series","Frequency","Latest Data for" ,"Data 1","Domestic Crude Oil First Purchase Prices by Area",35,"Monthly","9/2013","1/15/1974" ,"Release Date:","12/2/2013" ,"Next Release Date:","1/2/2014" ,"Excel File Name:","pet_pri_dfp1_k_m.xls" ,"Available from Web Page:","http://www.eia.gov/dnav/pet/pet_pri_dfp1_k_m.htm" ,"Source:","Energy Information Administration" ,"For Help, Contact:","infoctr@eia.gov" ,,"(202) 586-8800",,,"12/2/2013 3:15:37 AM"

493

,"Domestic Crude Oil First Purchase Prices by API Gravity"  

U.S. Energy Information Administration (EIA) Indexed Site

API Gravity" API Gravity" ,"Click worksheet name or tab at bottom for data" ,"Worksheet Name","Description","# Of Series","Frequency","Latest Data for" ,"Data 1","Domestic Crude Oil First Purchase Prices by API Gravity",6,"Monthly","9/2013","10/15/1993" ,"Release Date:","12/2/2013" ,"Next Release Date:","1/2/2014" ,"Excel File Name:","pet_pri_dfp3_k_m.xls" ,"Available from Web Page:","http://www.eia.gov/dnav/pet/pet_pri_dfp3_k_m.htm" ,"Source:","Energy Information Administration" ,"For Help, Contact:","infoctr@eia.gov" ,,"(202) 586-8800",,,"12/2/2013 3:15:39 AM"

494

Modelling and forecasting Oman crude oil prices using Box-Jenkins techniques  

Science Journals Connector (OSTI)

The Box-Jenkins' Auto Regressive Integrated Moving Average (ARIMA) modelling approach has been applied for the time series analysis of monthly average prices of Oman crude oil taken over a period of 10 years. Several seasonal and non-seasonal ARIMA models were identified. These models were then estimated and compared for their adequacy using the significance of the parameter estimates, mean square errors and Modified Box-Pierce (Ljung-Box) Chi-Square statistic. Based on these criterion a multiplicative seasonal model of the form ARIMA (1,1,5)x(1,1,1) was recommended for short term forecasting.

M.I. Ahmad

2012-01-01T23:59:59.000Z

495

Markets & Finance - Analysis - U.S. Energy Information Administration (EIA)  

Gasoline and Diesel Fuel Update (EIA)

Overview of 2009 Petroleum and Natural Gas Markets Overview of 2009 Petroleum and Natural Gas Markets Crude oil, natural gas, and petroleum products prices all fell sharply in 2009 from the record high prices in all three categories for 2008. On an average annual basis, crude oil prices dropped 37 percent from 2008 (in constant 2009 dollars), and natural gas wellhead prices dropped 54 percent to $3.71 per thousand cubic feet (mcf) in 2009. Within-year price movements, however, amend the story told by average annual prices: oil prices fell in the second half of 2008, and it was only because price increases in the first part of the year were so large that the average annual price reached a record high in 2008. From the relative low of December 2008, oil prices increased most months of 2009 to a level of $72.64 per barrel in December 2009, over twice the level of

496

Calibration of Stochastic Convenience Yield Models For Crude Oil Using the Kalman Filter  

E-Print Network (OSTI)

Calibration of Stochastic Convenience Yield Models For Crude Oil Using the Kalman Filter A and variance of the Ornstein-Uhlenbeck process . . . . . . . . . . . . . . . . . . . . 7 2.2 Market price of a future delivery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.4 Price valuation

Vuik, Kees

497

I strongly urge that the forecasts recognize the high oil prices and gas prices experienced in 2008 and not treat them as an unusual occurrence in the next 20 years. In the long term with cap and  

E-Print Network (OSTI)

I strongly urge that the forecasts recognize the high oil prices and gas prices experienced in 2008 and the development of carbon capture and storage applied to new coal fired generating stations, gas prices will only go up. Gas from the Rockies will move east as quickly as transport is available. To the extent

498

Income growth, ethnic polarization, and political risk: Evidence from international oil price shocks  

Science Journals Connector (OSTI)

Abstract This paper studies the effects of growth in countries’ national incomes on political risk. To address causality, we use the annual growth rate of the international oil price weighted with countries’ average oil net-export GDP shares as an instrument for national income growth. Our instrumental variables analysis yields two main results: (i) income growth has on average a significant negative effect on countries’ political risk; (ii) the marginal effect of income growth on political risk is significantly decreasing in cross-country differences in ethnic polarization, so much so that at high levels of ethnic polarization income growth increases political risk while at low levels of ethnic polarization income growth reduces political risk.

Markus Brückner; Mark Gradstein

2014-01-01T23:59:59.000Z

499

Price regulation for waste hauling franchises in California: an examination of how regulators regulate pricing and the effects of competition on regulated markets  

E-Print Network (OSTI)

Thomadakis, Stavros. “Price Regulation Under Uncertainty in698. Bös, Dieter. Pricing and Price Regulation. Elsevier.Optimal Structure of Public Prices. ” The American Economic

Seltzer, Steven A.

2011-01-01T23:59:59.000Z

500

The Impact of Variable Market Price on Optimal Control of Wind-Hydro Storage System in Kenya  

Science Journals Connector (OSTI)

The Lake Turkana Wind Power Project (LTWP) in Northern Kenya is currently under development, scheduled to bring 300MW of wind generation online by the end of 2016. The economic issues raised by the structure of the Kenyan electricity market include a ... Keywords: Wind Power, Developing Countries, Electricity Pricing

Maureen Murage; Judith B. Cardell; June Lukuyu; C. Lindsay Anderson

2014-01-01T23:59:59.000Z