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Note: This page contains sample records for the topic "oil prices increased" 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.


1

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...

2

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...

3

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...

4

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...

5

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...

6

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...

7

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

8

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...

9

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

10

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

11

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

12

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

13

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

14

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

15

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

16

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

17

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

18

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

19

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

20

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...

Note: This page contains sample records for the topic "oil prices increased" 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

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...

22

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...

23

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...

24

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

25

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

26

Diesel prices increase  

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

Diesel prices increase The U.S. average retail price for on-highway diesel fuel rose to 3.90 a gallon on Monday. That's up 3 cents from a week ago, based on the weekly price...

27

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...

28

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...

29

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...

30

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...

31

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...

32

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.

33

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

34

Residential propane prices increase  

Annual Energy Outlook 2012 (EIA)

propane prices increase The average retail price for propane rose 3.2 cents from a week ago to 2.86 per gallon. That's up 59.3 cents from a year ago, based on the residential...

35

Residential propane prices increase  

Gasoline and Diesel Fuel Update (EIA)

propane prices increase The average retail price for propane rose 10.3 cents from a week ago to 2.96 per gallon. That's up 68.1 cents from a year ago, based on the residential...

36

Residential propane prices increase  

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

propane prices increase The average retail price for propane rose 3.9 cents from a week ago to 2.80 per gallon. That's up 53.7 cents from a year ago, based on the residential...

37

Residential propane prices increase  

Annual Energy Outlook 2012 (EIA)

propane prices increase The average retail price for propane rose 5.5 cents per gallon from last week to 2.62 per gallon; up 37.4 cents from a year ago, based on the residential...

38

Residential propane price increases  

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

propane price increases The average retail price for propane is 2.41 per gallon, up 6-tenths of a cent from last week, based on the residential heating fuel survey by the U.S....

39

Residential propane prices increase  

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

propane prices increase The average retail price for propane rose 4.8 cents from a week ago to 2.76 per gallon. That's up 51.2 cents from a year ago, based on the residential...

40

Residential propane prices increase  

Gasoline and Diesel Fuel Update (EIA)

propane prices increase The average retail price for propane rose 2.5 cents from a week ago to 2.83 per gallon. That's up 56 cents from a year ago, based on the residential...

Note: This page contains sample records for the topic "oil prices increased" 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

Residential propane prices increase  

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

propane prices increase The average retail price for propane rose to 2.40 per gallon, up 1.1 cents from a week ago, based on the residential heating fuel survey by the U.S. Energy...

42

Residential propane prices increase  

Annual Energy Outlook 2012 (EIA)

propane prices increase The average retail price for propane rose 2.3 cents per gallon from last week to 2.57 per gallon; up 32.2 cents from a year ago, based on the residential...

43

Residential propane prices increase  

Gasoline and Diesel Fuel Update (EIA)

propane prices increase The average retail price for propane rose 9.1 cents from a week ago to 2.71 per gallon. That's up 46.9 cents from a year ago, based on the residential...

44

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.

45

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

46

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

47

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...

48

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...

49

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

50

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...

51

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...

52

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...

53

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...

54

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...

55

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...

56

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,...

57

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...

58

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...

59

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...

60

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...

Note: This page contains sample records for the topic "oil prices increased" 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

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...

62

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...

63

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...

64

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

65

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

66

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.

67

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

68

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

69

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

70

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,...

71

Diesel prices continue to increase  

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

Diesel prices continue to increase The U.S. average retail price for on-highway diesel fuel rose to 3.98 a gallon. That's up 2.6 cents from a week ago, based on the weekly price...

72

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.

73

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

74

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.

75

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

76

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

77

Diesel prices continue to increase  

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

Diesel prices continue to increase The U.S. retail price for on-highway diesel fuel rose to its highest average since September at 3.95 a gallon. That's up 4.7 cents from a week...

78

Diesel prices continue to increase  

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

Diesel prices continue to increase The U.S. average retail price for on-highway diesel fuel rose to 3.91 a gallon on Monday. That's up 7-tenths of a penny from a week ago, based...

79

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.

80

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

Note: This page contains sample records for the topic "oil prices increased" 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

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...

82

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

83

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

84

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

85

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

86

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...

87

Imperfect price-reversibility of US gasoline demand: Asymmetric responses to price increases and declines  

SciTech Connect

This paper describes a framework for analyzing the imperfect price-reversibility (hysteresis) of oil demand. The oil demand reductions following the oil price increases of the 1970s will not be completely reversed by the price cuts of the 1980s, nor is it necessarily true that these partial demand reversals themselves will be reversed exactly by future price increases. The author decomposes price into three monotonic series: price increases to maximum historic levels, price cuts, and price recoveries (increases below historic highs). He would expect that the response to price cuts would be no greater than to price recoveries, which in turn would be no greater than for increases in maximum historic price. For evidence of imperfect price-reversibility, he tests econometrically the following US data: vehicle miles per driver, the fuel efficiency of the automobile fleet, and gasoline demand per driver. In each case, the econometric results allow him to reject the hypothesis of perfect price-reversibility. The data show smaller response to price cuts than to price increases. This has dramatic implications for projections of gasoline and oil demand, especially under low-price assumptions. 26 refs., 13 figs., 3 tabs.

Gately, D. (New York Univ., NY (United States))

1992-01-01T23:59:59.000Z

88

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

89

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

90

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

91

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...

92

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

93

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

94

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...

95

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,...

96

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...

97

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...

98

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...

99

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...

100

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

Note: This page contains sample records for the topic "oil prices increased" 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

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

102

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

103

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

104

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

105

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

106

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

107

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

108

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

109

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

110

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

111

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

112

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

113

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

114

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

115

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

116

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...

117

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

118

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

119

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

120

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 "oil prices increased" 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

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

122

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

123

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

124

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

125

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

126

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

127

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

128

Implementing price increases in turbulent economies: Pricing approaches for reducing perceptions of price unfairness  

Science Journals Connector (OSTI)

Abstract Consumer frustration over having less money in their pockets and, at the same time facing higher prices for products and services in the marketplace, arises during turbulent economic times (e.g., post-2007). Sellers suffer increased costs and pass along increases by raising prices to consumers. The current article discusses trends in the pricing literature and in practice that sellers utilize in limiting perceptions of price unfairness, particularly when increasing price in turbulent economic times. Specifically, engaging in transparency in pricing by revealing information about price changes to the consumer during poor economic times potentially reduces perceptions of price unfairness. Using industry-common price-setting practices, shrinking product volume, providing automatic rebates promotions, or offering price-matching promotions also likely reduces perceptions of price unfairness.

Jodie L. Ferguson

2014-01-01T23:59:59.000Z

129

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

130

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...

131

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...

132

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

133

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

134

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

135

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

136

Fuel changes will increase fuel prices  

Science Journals Connector (OSTI)

Within a year the changes in fuels will push fuel prices upward. ... Although some people debate the necessity for, or the amount of price increases for, alternate fuels, there seems little doubt that whatever emerges at the gas pump will cost more. ...

JOSEPH HAGGIN

1992-04-20T23:59:59.000Z

137

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...

138

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...

139

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

140

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 "oil prices increased" 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

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

142

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...

143

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

144

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

145

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

146

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

147

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

148

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

149

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

150

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.

151

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

152

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

153

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...

154

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...

155

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...

156

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

157

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

158

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

159

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,

160

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

Note: This page contains sample records for the topic "oil prices increased" 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

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

162

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

163

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

164

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

165

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.

166

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.

167

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

168

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

169

Implications of Increasing U.S. Crude Oil Production  

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

Implications of Increasing U.S. Crude Implications of Increasing U.S. Crude Oil Production By John Powell June 18, 2013 U.S. crude oil production is up dramatically since 2010 and will continue to grow rapidly; this has implications for: John Powell June 18, 2013 2 * Refinery operations * Refinery investment * Logistics infrastructure investment * Exports of petroleum products * Exports of crude oil Increased U.S. crude oil production has resulted in: John Powell June 18, 2013 3 * Declines in U.S. crude imports * Changes to refinery operations * Logistical constraints in moving crude from production areas to refining areas * Discounted prices for domestic "landlocked" crude vs. international seaborne crude

170

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

171

U.S. gasoline prices increase slightly  

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

average retail price for regular gasoline rose slightly to 3.55 a gallon on Monday. That's up 2-tenths of a penny from a week ago, based on the weekly price survey by the U.S....

172

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

173

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

174

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

175

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,

176

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

177

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

178

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...

179

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

180

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...

Note: This page contains sample records for the topic "oil prices increased" 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

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

182

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

183

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

184

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

185

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

186

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

187

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...

188

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

189

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

190

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

191

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

192

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...

193

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

194

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

195

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

196

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...

197

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...

198

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

199

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

200

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...

Note: This page contains sample records for the topic "oil prices increased" 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

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

202

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...

203

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

204

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

205

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

206

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

207

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

208

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

209

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

210

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

211

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

212

STEO January 2013 - oil production increase  

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

oil production to increase in 2013 and 2014 oil production to increase in 2013 and 2014 U.S. crude oil production is expected to keep rising over the next two years. America's oil output will jump nearly 900,000 barrels per day in 2013 to an average 7.3 million barrels a day, according to the latest monthly forecast from the U.S. Energy Information Administration. This would mark the biggest one-year increase in output since U.S. commercial crude oil production began in 1859. U.S. daily oil production is expected to rise by another 600,000 barrels in 2014 to nearly 8 million barrels a day, the highest level since 1988. Most of America's oil production growth over the next two years will come from more drilling activity in tight shale rock formations located in North Dakota and Texas

213

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

214

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

215

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

216

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

217

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

218

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

219

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

220

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

Note: This page contains sample records for the topic "oil prices increased" 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

INTERIM VALIDATION REPORT MIDDLE DISTILLATE PRICE MONITORING SYSTEM  

E-Print Network (OSTI)

an overall scheme of crude oil price regulation that met thebegan increasing crude oil prices in 1973 but the incomeselling price minus the average costs of crude oil and

Hopelain, D.G.

2011-01-01T23:59:59.000Z

222

Revisiting the Income Effect: Gasoline Prices and Grocery Purchases  

E-Print Network (OSTI)

Gasoline and Crude Oil Prices, 2000-2006 Figure I:Weekly Gasoline and Crude Oil Prices for 2001- 2006 Crudeargue that increases in oil prices may lead to recessions

Gicheva, Dora; Hastings, Justine; Villas-Boas, Sofia B

2008-01-01T23:59:59.000Z

223

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

224

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

225

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

226

The Impact of Rising Food Prices on Household Welfare in India  

E-Print Network (OSTI)

that these cereal and oil price increases of 28 to 52% wouldthe large increase in oil prices, leaving them with only aprices and 2.2% from the oil price increase. Poor people

de Janvry, Alain; Sadoulet, Eliisabeth

2009-01-01T23:59:59.000Z

227

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

228

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

229

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

230

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

231

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

232

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

233

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

234

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

235

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

236

Increasing CO2 Storage in Oil Recovery  

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

Increasing CO Increasing CO 2 Storage in Oil Recovery Kristian Jessen (krisj@pangea.stanford.edu, 650-723-6348) Linda C. Sam-Olibale (chizoba@pangea.stanford.edu, 650-725-0831) Anthony R. Kovscek (kovscek@pangea.stanford.edu, 650-723-1218) Franklin M. Orr, Jr. (fmorr@pangea.stanford.edu, 650-723-2750) Department of Petroleum Engineering, Stanford University 65 Green Earth Sciences Building 367 Panama Street Stanford, CA 94305-2220 Introduction Carbon dioxide (CO 2 ) injection has been used as a commercial process for enhanced oil recovery (EOR) since the 1970's. Because the cost of oil recovered is closely linked to the purchase cost of the CO 2 injected, considerable reservoir engineering design effort has gone into reducing the total amount of CO 2 required to recover each barrel of oil. If,

237

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

238

DOE announces price increase for fiscal year 1990  

SciTech Connect

The central question for current USEC holders is the extent to which DOE`s prices will increase in the future and whether those prices will be competitive with other sources available at the time of delivery. DOE`s current point of view (as expressed to the US Congress) is that prices will be kept at the ceiling price under the contract. Speculation on the future of DOE`s enrichment enterprise is on the agenda of many utilities this month, as USEC customers must provide notice to DOE on April 1, 1989 if they wish to reduce their contractual commitment in FY 1999 to below 70 percent of their requirements without penalty. The USEC also allows customers to adjust between 70 and 100 percent of their requirements with five years` notice. Based on projected prices for deliveries under the IP2 offer, customers which previously rejected IP2 will probably elect to take only 70 percent of their requirements from DOE in FY 1994. If firm notification is not given for the base SWU requirements, a USEC holder is not rules out as a DOE customer for that year, but DOE cannot guarantee to have the production capacity available. On the other hand, DOE has very aggressively pursued utilities with unfilled requirements in the short term. Given the expected glut of enrichment capacity well into the next decade, the potential for higher DOE prices due to environmental and decommissioning costs at their diffusion plants, and the potential for other suppliers to provide advanced technology, it may prove difficult for DOE to continue to convince its customers that ten-year contracts are in their best interests.

NONE

1989-03-01T23:59:59.000Z

239

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

240

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

Note: This page contains sample records for the topic "oil prices increased" 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

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

242

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

243

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.

244

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,

245

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

246

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

247

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

248

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

249

Dynamic analysis in productivity, oil shock, and recession  

E-Print Network (OSTI)

Declining E?ects of Oil-price Shocks . . . . . . . . . . .of IRFs to a 10% Increase in the Oil Price: Case 3 and Caseof IRFs to a 10% Increase in the Oil Price: Before and After

Katayama, Munechika

2008-01-01T23:59:59.000Z

250

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

251

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...

252

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

253

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

254

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

255

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].

256

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

257

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

258

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

259

U.S. gasoline prices increase slightly (short version)  

Annual Energy Outlook 2012 (EIA)

average retail price for regular gasoline rose slightly to 3.55 a gallon on Monday. That's up 2-tenths of a penny from a week ago, based on the weekly price survey by the U.S....

260

U.S. gasoline prices continue to increase (short version)  

Annual Energy Outlook 2012 (EIA)

The U.S. average retail price for regular gasoline rose to 3.68 a gallon on Monday. That's up 4 12 cents from a week ago, based on the weekly price survey by the U.S. Energy...

Note: This page contains sample records for the topic "oil prices increased" 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

U.S. gasoline prices continue to increase (short version)  

Gasoline and Diesel Fuel Update (EIA)

average retail price for regular gasoline rose to 3.61 a gallon on Labor Day Monday. That's up 5.6 cents from a week ago, based on the weekly price survey by the U.S. Energy...

262

U.S. gasoline prices increase slightly (long version)  

Annual Energy Outlook 2012 (EIA)

average retail price for regular gasoline rose slightly to 3.36 a gallon on Monday. That's up 6-tenths of a penny from a week ago, based on the weekly price survey by the U.S....

263

U.S. gasoline prices increase slightly (short version)  

Annual Energy Outlook 2012 (EIA)

average retail price for regular gasoline rose slightly to 3.36 a gallon on Monday. That's up 6-tenths of a penny from a week ago, based on the weekly price survey by the U.S....

264

U.S. gasoline prices continue to increase (long version)  

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

The U.S. average retail price for regular gasoline rose to 3.68 a gallon on Monday. That's up 4 12 cents from a week ago, based on the weekly price survey by the U.S. Energy...

265

U.S. Gasoline prices continue to increase (long version)  

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

average retail price for regular gasoline rose to 3.61 a gallon on Labor Day Monday. That's up 5.6 cents from a week ago, based on the weekly price survey by the U.S. Energy...

266

Rolling Up a Put Option as Prices Increase  

E-Print Network (OSTI)

Agricultural producers use put options to protect themselves against declining prices. The technique of "rolling up a put option, explained in this publication, allows the producer to raise the minimum expected selling price of a put option...

Johnson, Jason; Polk, Wade

2008-10-07T23:59:59.000Z

267

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

268

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

269

Drunk On Oil: Russian Foreign Policy 2000-2007  

E-Print Network (OSTI)

World Stocks Sag as Oil Price Surges. ” The New York Times,Second, the increase in oil prices may make Russia moreof action. Nevertheless, oil prices still have a significant

Brugato, Thomas

2008-01-01T23:59:59.000Z

270

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

271

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...

272

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)

273

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

274

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

275

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...

276

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

277

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).

278

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

279

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

280

U.S. gasoline prices continue to increase (short version)  

Annual Energy Outlook 2012 (EIA)

The U.S. average retail price for regular gasoline rose to 3.29 a gallon on Monday. That's up 7.4 cents from a week ago, based on the weekly price survey by the U.S. Energy...

Note: This page contains sample records for the topic "oil prices increased" 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

U.S. gasoline prices conotinue to increase (long version)  

Gasoline and Diesel Fuel Update (EIA)

The U.S. average retail price for regular gasoline rose to 3.29 a gallon on Monday. That's up 7.4 cents from a week ago, based on the weekly price survey by the U.S. Energy...

282

U.S. gasoline prices continue to increase (short version)  

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

The U.S. average retail price for regular gasoline fell to 3.55 a gallon on Monday. That's down 1.1 cents from a week ago, based on the weekly price survey by the U.S. Energy...

283

U.S. gasoline prices continue to increase (short version)  

Annual Energy Outlook 2012 (EIA)

The U.S. average retail price for regular gasoline fell to 3.56 a gallon on Monday. That's down 7.1 cents from a week ago, based on the weekly price survey by the U.S. Energy...

284

U.S. gasoline prices continue to increase (short version)  

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

The U.S. average retail price for regular gasoline fell to 3.63 a gallon on Monday. That's down 1.4 cents from a week ago, based on the weekly price survey by the U.S. Energy...

285

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

286

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

287

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

288

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.)

289

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

290

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...

291

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

292

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

293

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

294

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

295

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

296

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

297

The Impacts of the Domestic Fuel Increases on Prices of the Indonesian Economic Sectors  

Science Journals Connector (OSTI)

Abstract Fuel price subsidy policy in Indonesia has hindered other energy programs, namely energy conservation and energy diversification. This study tries to analyze the impact of fuel price hike to the economic sector. This study utilizes the IO table analysis of Indonesia in 2005, a 66 X 66 classification of domestic transactions on the basis of producer prices. This study examines the impact of the increasing 10 percent, 20 percent and 30 percent of fuel prices to the economic sector. The analysis found that the increasing fuel price would have a devastating impact on the transportation sector. The government should preserve those sectors which exposed the largest impact from the increasing of the fuel price.

Dhani Setyawan

2014-01-01T23:59:59.000Z

298

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

299

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

300

Increased energy prices: energy savings and equity aspects. Final report  

SciTech Connect

A mathematical model has been developed which approximates the reduction in a household's total energy consumption in response to higher energy prices and different rebate schemes. This model is based on the assumption that energy consumption is a function of a household's real income, prices of different commodities and energy intensities. The amount of energy saved and the change in real expenditure of a household has been calculated for four tax rates; 50%, 100%, 224% and 400%, and five rebate schemes; one regressive, two progressive, one income distribution preserving and the flat per capita rebate. The results indicate that, for a given tax rate, the choice of rebate scheme does not significantly affect the amount of energy conserved by the households. However, the effect of different rebate schemes on a household's real expenditure could be dramatically different.

Herendeen, R.A.

1983-06-01T23:59:59.000Z

Note: This page contains sample records for the topic "oil prices increased" 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

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...

302

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

303

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

304

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

305

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

306

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

307

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.

308

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

309

U.S. Diesel Fuel Price Increases for First Time Since June  

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

diesel fuel price increase for first time since June The U.S. average retail price for on-highway diesel fuel rose to 3.68 a gallon on Monday. That's up 5.4 cents from a week ago...

310

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

311

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

312

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

313

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

314

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

315

Increasing Gas Prices: Good Economics, but Bad Public Relations Rising gasoline prices captured the attention of the press and politicians in recent months,  

E-Print Network (OSTI)

Increasing Gas Prices: Good Economics, but Bad Public Relations Rising gasoline prices captured interest during our current gasoline shortage. That is, a higher price rations the product to the best use the supply of gasoline become relatively scarcer? First, the growth of the Chinese and Indian economies

Ahmad, Sajjad

316

U.S. gasoline prices see sharpest increase since February (long...  

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

The U.S. average retail price for regular gasoline rose to 3.64 a gallon on Monday. That's up 14.7 cents from a week ago marking the sharpest increase since February, based on...

317

U.S. gasoline prices see sharpest increase since February (short...  

Annual Energy Outlook 2012 (EIA)

The U.S. average retail price for regular gasoline rose to 3.64 a gallon on Monday. That's up 14.7 cents from a week ago marking the sharpest increase since February, based on...

318

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

319

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

320

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

Note: This page contains sample records for the topic "oil prices increased" 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

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

322

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

323

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

324

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

325

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

326

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

327

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

328

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

329

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

330

Oil spills - increasing US dependence on oil imports heightens risks to environment  

SciTech Connect

Calamitous oil spills in recent years have focused attention on the devastation the world`s leading energy source can wreak on the environment. In Alaska, the 1989 grounding of the supertanker Exxon Valdez in Prince William Sound caused the worst U.S. oil spill ever and promoted Congress to pass stringent oil-pollution legislation. In the Persian Gulf, {open_quotes}eco-terroism{close_quotes} committed by Iraqi forces during the gulf war left hundreds of wells burning and oil free-flowing out of Kuwait`s refineries and oil-shipping terminals. With the United States and much of the global community increasingly dependent on petroleum moved by supertankers, oil spills will continue to threaten the environment for the foreseeable future.

NONE

1992-01-17T23:59:59.000Z

331

USPS mailing and shipping prices increase effective January 26, 2014 The Postal Regulatory Commission (PRC) approved the Consumer Price Index (CPI) Rate Case for  

E-Print Network (OSTI)

USPS mailing and shipping prices increase effective January 26, 2014 The Postal Regulatory, the PRC approved the Exigency case by an additional 4.3% for a total increase of 5.9% and will take effect

Hemmers, Oliver

332

The impact of a large rice price increase on welfare and poverty in Syed Abul Hasan*  

E-Print Network (OSTI)

The impact of a large rice price increase on welfare and poverty in Bangladesh Syed Abul Hasan comments. All correspondence to Syed Hasan, Craw- ford School of Public Policy, ANU College of Asia and the Pacific, Australian National University, ACT-0200, Aus- tralia, email-syed.hasan@anu.edu.au, web

333

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

334

,"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"

335

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

336

,"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"

337

,"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"

338

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

339

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

340

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

Note: This page contains sample records for the topic "oil prices increased" 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

Increasing Oil Productivity Through Electromagnetic Induction Heat Generation of Salt Water as a Stimulant for Heavy Oil Recovery  

Science Journals Connector (OSTI)

Brine is usually exist in the oil reservoir. Varying salinity brine are used as stimulants for heavy oil recovery processes using electromagnetic induction heating. The heated heavy oil is floating on top of the brine since it becomes less viscous and lighter. As the temperature increased more heavy oil is “produced/recovered”. An increasing salinity of brine will result in more recovery of heavy oil.

2010-01-01T23:59:59.000Z

342

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

343

The Impact of Rising Food Prices on Household Welfare in India  

E-Print Network (OSTI)

effects of cereal and oil price changes - Farmers (Rd 59)From wheat price From oil prices Overall gain Average losseffects of cereal and oil price changes – Farmers, by

de Janvry, Alain; Sadoulet, Eliisabeth

2009-01-01T23:59:59.000Z

344

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

345

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

346

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

347

World Food Crisis: Imperfect Markets Starving Development, A Decomposition of Recent Food Price Increases.  

E-Print Network (OSTI)

??The recent decade has experienced two rather substantial food price spikes. This thesis sets out to provide an in-depth look at the recent food price… (more)

Costello, Christine

2011-01-01T23:59:59.000Z

348

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

349

Easing the natural gas crisis: Reducing natural gas prices through increased deployment of renewable energy and energy efficiency  

SciTech Connect

Heightened natural gas prices have emerged as a key energy-policy challenge for at least the early part of the 21st century. With the recent run-up in gas prices and the expected continuation of volatile and high prices in the near future, a growing number of voices are calling for increased diversification of energy supplies. Proponents of renewable energy and energy efficiency identify these clean energy sources as an important part of the solution. Increased deployment of renewable energy (RE) and energy efficiency (EE) can hedge natural gas price risk in more than one way, but this paper touches on just one potential benefit: displacement of gas-fired electricity generation, which reduces natural gas demand and thus puts downward pressure on gas prices. Many recent modeling studies of increased RE and EE deployment have demonstrated that this ''secondary'' effect of lowering natural gas prices could be significant; as a result, this effect is increasingly cited as justification for policies promoting RE and EE. This paper summarizes recent studies that have evaluated the gas-price-reduction effect of RE and EE deployment, analyzes the results of these studies in light of economic theory and other research, reviews the reasonableness of the effect as portrayed in modeling studies, and develops a simple tool that can be used to evaluate the impact of RE and EE on gas prices without relying on a complex national energy model. Key findings are summarized.

Wiser, Ryan; Bolinger, Mark; St. Clair, Matt

2004-12-21T23:59:59.000Z

350

Flexible management of logistics in response to turbulent oil prices: case of a European paint producer  

Science Journals Connector (OSTI)

How can flexible logistics improve performance in a turbulent world when volatile customer demand and rising oil prices require responsive operations? This paper seeks an answer for this question in the field of control management in J.W. Ostendorf, a European paint company. Until recently logistics had been largely farmed out and paid for as required. It had no or little role in business policy. The new business environment, however, requires that all organisational sectors flow in concert with the corporate objectives. A flexible logistics guided by an independent budgeting based on real costs expectations is offered as a solution. Major changes in information systems is assumed to contribute substantially to this effort.

Hosein Piranfar; Andre Segbert

2006-01-01T23:59:59.000Z

351

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

352

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

353

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

354

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

355

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

356

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

357

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

358

Dynamics of the Oil Transition: Modeling Capacity, Costs, and Emissions  

E-Print Network (OSTI)

response to high oil prices and geopolitical threats tofor the e?ect of the oil price through the price elasticityprojections, corresponding oil price series are extracted

Brandt, Adam R.; Farrell, Alexander E.

2008-01-01T23:59:59.000Z

359

Short and Long-Term Perspectives: The Impact on Low-Income Consumers of Forecasted Energy Price Increases in 2008 and A Cap & Trade Carbon Policy in 2030  

SciTech Connect

The Department of Energy's Energy Information Administration (EIA) recently released its short-term forecast for residential energy prices for the winter of 2007-2008. The forecast indicates increases in costs for low-income consumers in the year ahead, particularly for those using fuel oil to heat their homes. In the following analysis, the Oak Ridge National Laboratory has integrated the EIA price projections with the Residential Energy Consumption Survey (RECS) for 2001 in order to project the impact of these price increases on the nation's low-income households by primary heating fuel type, nationally and by Census Region. The report provides an update of bill estimates provided in a previous study, "The Impact Of Forecasted Energy Price Increases On Low-Income Consumers" (Eisenberg, 2005). The statistics are intended for use by policymakers in the Department of Energy's Weatherization Assistance Program and elsewhere who are trying to gauge the nature and severity of the problems that will be faced by eligible low-income households during the 2008 fiscal year. In addition to providing expenditure forecasts for the year immediately ahead, this analysis uses a similar methodology to give policy makers some insight into one of the major policy debates that will impact low-income energy expenditures well into the middle decades of this century and beyond. There is now considerable discussion of employing a cap-and-trade mechanism to first limit and then reduce U.S. emissions of carbon into the atmosphere in order to combat the long-range threat of human-induced climate change. The Energy Information Administration has provided an analysis of projected energy prices in the years 2020 and 2030 for one such cap-and-trade carbon reduction proposal that, when integrated with the RECS 2001 database, provides estimates of how low-income households will be impacted over the long term by such a carbon reduction policy.

Eisenberg, Joel Fred [ORNL

2008-01-01T23:59:59.000Z

360

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

Note: This page contains sample records for the topic "oil prices increased" 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

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

362

The Implications of a Gasoline Price Floor for the California Budget and Greenhouse Gas Emissions  

E-Print Network (OSTI)

Emissions Surcharge Revenues Oil Price Price elas= -0.1 elasEmissions Surcharge Revenues Oil Price Price elas= -0.1 elasQuantity Daily GhG Emissions Oil Price Price elas= -0.1 elas

Borenstein, Severin

2008-01-01T23:59:59.000Z

363

Increased oil recovery from mature oil fields using gelled polymer treatments  

SciTech Connect

Gelled polymer treatments are applied to oil reservoirs to increase oil production to reduce water production by altering the fluid movement within the reservoir. This research program is aimed at reducing barriers to the widespread use of these treatments by developing methods to predict gel behavior during placement in matrix rock and fractures, determining the persistence of permeability reduction after gel placement, and by developing methods to design production well treatments to control water production. This report describes the progress of the research during the first six months of work. A Dawn EOS multi-angle laser light scattering detector was purchased, installed and calibrated. Experiments were conducted to determine the permeabilities of a bulk gel and of a filter cake which forms when a gel is dehydrated. The pressure at which a gel in a tube is ruptured was measured and was correlated to the length and diameter of the gel.

Willhite, G. Paul; Green, Down W.; McCool, Stan

2000-02-23T23:59:59.000Z

364

Increasing Heavy Oil Reserves in the Wilmington Oil Field Through Advanced Reservoir Characterization and Thermal Production Technologies, Class III  

SciTech Connect

The objective of this project was to increase the recoverable heavy oil reserves within sections of the Wilmington Oil Field, near Long Beach, California through the testing and application of advanced reservoir characterization and thermal production technologies. It was hoped that the successful application of these technologies would result in their implementation throughout the Wilmington Field and, through technology transfer, will be extended to increase the recoverable oil reserves in other slope and basin clastic (SBC) reservoirs.

City of Long Beach; Tidelands Oil Production Company; University of Southern California; David K. Davies and Associates

2002-09-30T23:59:59.000Z

365

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

366

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

367

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

368

A Decade of Increased Oil Recovery in Virtual Reality  

Science Journals Connector (OSTI)

In the early '90s, VR was still in its infancy, but the Norwegian oil company Norsk Hydro saw the technology's potential. Still, there was no framework for developing VR for exploration and production. Working with the Norwegian research institute Christian ... Keywords: virtual reality, petroleum industry, oil exploration and production

Endre M. Lidal; Tor Langeland; Christopher Giertsen; Jens Grimsgaard; Rolf Helland

2007-11-01T23:59:59.000Z

369

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

370

INCREASED OIL RECOVERY FROM MATURE OIL FIELDS USING GELLED POLYMER TREATMENTS  

SciTech Connect

Gelled polymer treatments are applied to oil reservoirs to increase oil production and to reduce water production by altering the fluid movement within the reservoir. This report describes the results of a three-year research program aimed at reducing barriers to the widespread use of gelled polymer treatments by (1) developing methods to predict gel behavior during placement in matrix rock and fractures, (2) determining the persistence of permeability reduction after gel placement, and (3) developing methods to design production well treatments to control water production. The work focused on the gel system composed of polyacrylamide and chromium acetate. The molar mass of the polymer was about six million. Chromium(III) acetate reacted and formed crosslinks between polymer molecules. The crosslinked polymer molecules, or pre-gel aggregates, combine and grow to eventually form a 3-dimensional gel. A fundamental study to characterize the formation and growth of pre-gel aggregates was conducted. Two methods, flow field-flow fractionation (FFFF) and multi-angle laser light scattering (MALLS) were used. Studies using FFFF were inconclusive. Data taken using MALLS showed that at the gel time the average molar mass of gel aggregates increased by a factor of about three while the average size increase was approximately 50%. Increased acetate concentration in the gelant increases the gel time. The in situ performance of an added-acetate system was investigated to determine the applicability for in-depth treatments. Increased acetate concentrations delayed the development of increased flow resistance during gelant injection in short sandpacks. The development of increased flow resistance (in situ gelation) was extended from 2 to 34 days by increasing the acetate-to-chromium ratio from 38 to 153. In situ gelation occurred at a time that was approximately 22% of the bulk gelation time. When carbonate rocks are treated with gel, chromium retention in the rock may limit in-depth treatment. Chromium retention due to precipitation was investigated by flowing chromium acetate solutions through carbonate rock. Chromium precipitated faster in the rocks than in beaker experiments at similar conditions. A mathematical model previously developed fit the precipitation data reasonably well. The stability of gels when subjected to stress was investigated by experiments with gels placed in tubes and in laboratory-scale fractures. Rupture pressures for gels placed in small diameter tubes were correlated with the ratio of tube length to tube ID. In fractures, fluid leakoff from the fracture to adjacent matrix rock affected gel formation and gel stability in a positive way. Disproportionate permeability reduction (DPR) was studied in unconsolidated sandpacks and in Berea sandstone cores. A conceptual model was developed to explain the presence of DPR. The effect of a pressure gradient, imposed by injection of oil or brine, on the permeability of gel-treated cores was investigated. DPR increased significantly as the pressure gradient was decreased. The magnitude of the pressure gradient had a much larger effect on water permeability than on oil permeability.

G.P. Willhite; D.W. Green; C.S. McCool

2003-05-01T23:59:59.000Z

371

Oil | Department of Energy  

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

Oil Oil Oil Oil Prices, 2000-2008 For the first time since 1995, U.S. oil production has surpassed imports. Explore the trend with our interactive chart. | Graphic by Daniel Wood, Energy Department. For the first time since 1995, U.S. oil production has surpassed imports. Explore the trend with our interactive chart. | Graphic by Daniel Wood, Energy Department. Oil is used for heating and transportation -- most notably, as fuel for gas-powered vehicles. America's dependence on foreign oil has declined in recent years, but oil prices have increased. The Energy Department supports research and policy options to increase our domestic supply of oil while ensuring environmentally sustainable supplies domestically and abroad, and is investing in research, technology and

372

Sweating it out: the response of summer electricity demand to increases in price.  

E-Print Network (OSTI)

??This study examines the own price elasticity of demand for electricity in the Greater Sacramento Area. Data corresponded to customer billing information from the Sacramento… (more)

Davis, Zephaniah K.

2014-01-01T23:59:59.000Z

373

Do Governments Effectively Stabilize Fuel Prices by Reducing Specific Taxes? Evidence from Italy  

Science Journals Connector (OSTI)

After the sharp increase of oil prices experienced in recent years, in order to stabilize fuel prices, many countries experimented automatic fiscal mechanisms consisting ... in specific taxes matching the rise in...

Marina Di Giacomo; Massimiliano Piacenza…

2011-01-01T23:59:59.000Z

374

Microsoft PowerPoint - GlobalOilEcon.ppt  

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

Globalization, Oil Prices and Globalization, Oil Prices and U.S. Economic Activity Stephen Brown Federal Reserve Bank of Dallas 2008 Energy Conference U.S. Energy Information Administration Globalization, Oil Price Shocks and U.S. Economic Activity Nathan Balke, Stephen Brown, Mine Yücel March 31, 2008 I. Introduction. What are the economic consequences to the United States of an increase in the oil price? Conventional thinking: oil supply shock * Higher oil price * Slower GDP growth * Increased price level Real oil price and recessions (shaded) Index, 1982 = 100 0 30 60 90 120 150 48 51 54 57 60 63 66 69 72 75 78 81 84 87 90 93 96 99 02 05 Empirical evidence of a negative relationship is mixed: For: Mork and Hall (1980), Hamilton (1983, 2003), Balke, Brown, and Yücel (2002), Hamilton and Herrera (2004),

375

Observed oil and gas field size distributions: A consequence of the discovery process and prices of oil and gas  

Science Journals Connector (OSTI)

If observed oil and gas field size distributions are obtained ... should approximate that of the parent population of oil and gas fields. However, empirical evidence ... the observable size distributions change w...

Lawrence J. Drew; Emil D. Attanasi; John H. Schuenemeyer

1988-11-01T23:59:59.000Z

376

INTERIM VALIDATION REPORT MIDDLE DISTILLATE PRICE MONITORING SYSTEM  

E-Print Network (OSTI)

1977-1978 HEATING OIL PRICES II-1 II-3 II-3 Wholesale PricesMonthly U.S. Heating Oil Prices, 1970 - 1978 . . A-16 .H-3 .continuous No. 2 heating oil price information from 1970 to

Hopelain, D.G.

2011-01-01T23:59:59.000Z

377

Demand and Price Volatility: Rational Habits in International Gasoline Demand  

E-Print Network (OSTI)

capita terms. When crude oil prices are used, these are thedriven by the world crude oil price rather than by exchange-how consumers think about oil prices and price expectations,

Scott, K. Rebecca

2011-01-01T23:59:59.000Z

378

Gasoline Price Volatility Is a Concern This Summer  

Gasoline and Diesel Fuel Update (EIA)

5 of 5 5 of 5 Notes: March began with gasoline spot prices showing large increases over crude oil. Spot prices were nearly 20 cents per gallon over the already high crude oil prices, when normally the spread would be half that size. This spread was comparable to the spread seen in August 1997 when high demand, low stocks, and some refinery problems cause prices to surge. By the end of March the spread had fallen to about 16 cents per gallon, and by mid April was at about 11 cents per gallon as the inventory situation improved. Crude oil prices have also been falling, pulling gasoline spot prices down. Retail prices, which lag behind changes in the spot market, are turning down also. Regular gasoline prices peaked the week of March 20 at $1.53 and fell to $1.48 the week of April 10.

379

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

380

Gel conformance treatments increase oil production in Wyoming  

SciTech Connect

Chromic-carboxylate acrylamide-polymer gels have been applied successfully as conformance treatments in a number of fields in Wyoming's Big Horn basin. This paper reports that as a result of these treatments, significant amounts of incremental oil will be recovered in a profitable manner. The gels were applied to naturally fractured reservoirs of intermediate fracture intensity. The gel treatments improved sweep efficiency of oil-recovery drive fluids in fields that were under either primary production, waterflooding, or polymer-augmented waterflooding. Ultimate incremental oil production from the 29 gel treatments is projected to be 3.72 million st-tk bbl, or on average, 128,000 bbl/treatment. An average 13 bbl of incremental production are projected to be recovered for every 1 lb of polymer injected.

Sydansk, R.D.; Moore, P.E. (Marathon Oil Co., Littleton, CO (US))

1992-01-20T23:59:59.000Z

Note: This page contains sample records for the topic "oil prices increased" 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

Demand and Price Uncertainty: Rational Habits in International Gasoline Demand  

E-Print Network (OSTI)

capita terms. When crude oil prices are used, these are theprices are driven by oil prices, moreover, and oil isby ‡uctuations in the crude oil price. The overall mean real

Scott, K. Rebecca

2013-01-01T23:59:59.000Z

382

Michigan residential No. 2 fuel oil and propane price survey for the 1990/91 heating season. Final report  

SciTech Connect

This report summarizes the results of a survey of home heating oil and propane prices over the 1990/1991 heating season in Michigan. The survey was conducted under a cooperative agreement between the State of Michigan, Michigan Public Service Commission and the US Department of Energy (DOE), Energy Information Administration (EIA), and was funded by a grant from EIA. From October 1990 through May 1991, participating dealers/distributions were called and asked for their current residential retail prices of No. 2 home heating oil and propane. This information was then transmitted to the EIA, bi-monthly using an electronic reporting system called Petroleum Data Reporting Option (PEDRO). The survey was conducted using a sample provided by EIA of home heating oil and propane retailers which supply Michigan households. These retailers were contacted the first and third Mondays of each month. The sample was designed to account for distributors with different sales volumes, geographic distributions and sources of primary supply. It should be noted that this simple is different from the sample used in prior year surveys.

Not Available

1991-10-01T23:59:59.000Z

383

Michigan residential No. 2 fuel oil and propane price survey for the 1990/91 heating season  

SciTech Connect

This report summarizes the results of a survey of home heating oil and propane prices over the 1990/1991 heating season in Michigan. The survey was conducted under a cooperative agreement between the State of Michigan, Michigan Public Service Commission and the US Department of Energy (DOE), Energy Information Administration (EIA), and was funded by a grant from EIA. From October 1990 through May 1991, participating dealers/distributions were called and asked for their current residential retail prices of No. 2 home heating oil and propane. This information was then transmitted to the EIA, bi-monthly using an electronic reporting system called Petroleum Data Reporting Option (PEDRO). The survey was conducted using a sample provided by EIA of home heating oil and propane retailers which supply Michigan households. These retailers were contacted the first and third Mondays of each month. The sample was designed to account for distributors with different sales volumes, geographic distributions and sources of primary supply. It should be noted that this simple is different from the sample used in prior year surveys.

Not Available

1991-10-01T23:59:59.000Z

384

Increasing Heavy Oil Reserves in the Wilmington Oil Field Through Advanced Reservoir Characterization and Thermal Production Technologies, Class III  

SciTech Connect

The objective of this project was to increase the recoverable heavy oil reserves within sections of the Wilmington Oil Field, near Long Beach, California through the testing and application of advanced reservoir characterization and thermal production technologies. The successful application of these technologies would result in expanding their implementation throughout the Wilmington Field and, through technology transfer, to other slope and basin clastic (SBC) reservoirs.

City of Long Beach; Tidelands Oil Production Company; University of Southern California; David K. Davies and Associates

2002-09-30T23:59:59.000Z

385

Do High Oil Prices Matter? Evidence on the Mobility Behavior of German Households  

Science Journals Connector (OSTI)

Focusing on travel survey data from Germany, this paper investigates the determinants of automobile travel, with the specific aim of quantifying the effects of fuel prices and fuel economy. The analysis is pre...

Manuel Frondel; Colin Vance

2009-05-01T23:59:59.000Z

386

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES  

SciTech Connect

The objective of this project is to increase the recoverable heavy oil reserves within sections of the Wilmington Oil Field, near Long Beach, California through the testing and application of advanced reservoir characterization and thermal production technologies. The successful application of these technologies will result in expanding their implementation throughout the Wilmington Field and, through technology transfer, to other slope and basin clastic (SBC) reservoirs. The existing steamflood in the Tar zone of Fault Block II-A (Tar II-A) has been relatively inefficient because of several producibility problems which are common in SBC reservoirs: inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil and non-uniform distribution of the remaining oil. This has resulted in poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. A suite of advanced reservoir characterization and thermal production technologies are being applied during the project to improve oil recovery and reduce operating costs.

Scott Hara

2001-06-27T23:59:59.000Z

387

The Effect of CO2 Pricing on Conventional and Non- Conventional Oil Supply and Demand  

E-Print Network (OSTI)

if conventional oil production was no longer able to satisfy demand? Fuels from non-conventional oil resources would then become the backstop fuel. These resources involve higher CO2 emissions per unit of energy produced than conventional oil as they require... ?EMUC ? GDPgrowth ?POPgrowth? ? (13) r is the consumption discount rate (% per year) EMUC is the elasticity of marginal utility of consumption (no unit) ptp is the pure time preference rate (% per year) GDPgrowth is the growth of GDP (% per year...

Méjean, Aurélie; Hope, Chris

388

Peak Oil  

Science Journals Connector (OSTI)

Between 2000 and 2010, world oil prices advanced from approximately $25 per barrel to more than $100 per barrel. The price appreciation of oil over the decade was around ten times the rate of inflation.

Robert Rapier

2012-01-01T23:59:59.000Z

389

Impact of Oil Prices Fluctuations on Economies in the Age of Globalization.  

E-Print Network (OSTI)

??Early in the past century, oil has powered economic growth in industrialized economies. Towards the end of the 20th century, as emerging and underdeveloped economies… (more)

Soh feussi, Ancel Raynaud

2013-01-01T23:59:59.000Z

390

Assessment of opportunities to increase the recovery and recycling rates of waste oils  

SciTech Connect

Waste oil represents an important energy resource that, if properly managed and reused, would reduce US dependence on imported fuels. Literature and current practice regarding waste oil generation, regulations, collection, and reuse were reviewed to identify research needs and approaches to increase the recovery and recycling of this resource. The review revealed the need for research to address the following three waste oil challenges: (1) recover and recycle waste oil that is currently disposed of or misused; (2) identify and implement lubricating oil source and loss reduction opportunities; and (3) develop and foster an effective waste oil recycling infrastructure that is based on energy savings, reduced environment at impacts, and competitive economics. The United States could save an estimated 140 {times} 1012 Btu/yr in energy by meeting these challenges.

Graziano, D.J.; Daniels, E.J.

1995-08-01T23:59:59.000Z

391

A study of Shanghai fuel oil futures price volatility based on high frequency data: Long-range dependence, modeling and forecasting  

Science Journals Connector (OSTI)

In existing researches, the investigations of oil price volatility are always performed based on daily data and squared daily return is always taken as the proxy of actual volatility. However, it is widely accepted that the popular realized volatility (RV) based on high frequency data is a more robust measure of actual volatility than squared return. Due to this motivation, we investigate dynamics of daily volatility of Shanghai fuel oil futures prices employing 5-minute high frequency data. First, using a nonparametric method, we find that RV displays strong long-range dependence and recent financial crisis can cause a lower degree of long-range dependence. Second, we model daily volatility using RV models and GARCH-class models. Our results indicate that RV models for intraday data overwhelmingly outperform GARCH-class models for daily data in forecasting fuel oil price volatility, regardless the proxy of actual volatility. Finally, we investigate the major source of such volatile prices and found that trader activity has major contribution to fierce variations of fuel oil prices.

Li Liu; Jieqiu Wan

2012-01-01T23:59:59.000Z

392

Heavy oil exposure increases viral production in natural marine bacterial populations  

Science Journals Connector (OSTI)

This study examined whether heavy oil (HO) increases viral production and how that change may affect the marine bacterial community. The addition of a relatively low concentration (10 ?g/mL) of HO to seawater ...

Mitsuhiro Yoshida; Satoru Suzuki

2014-02-01T23:59:59.000Z

393

Balancing oil and environment... responsibly.  

SciTech Connect

Balancing Oil and Environment…Responsibly As the price of oil continues to skyrocket and global oil production nears the brink, pursuing unconventional oil supplies, such as oil shale, oil sands, heavy oils, and oils from biomass and coal has become increasingly attractive. Of particular significance to the American way is that our continent has significant quantities of these resources. Tapping into these new resources, however, requires cutting-edge technologies for identification, production, processing and environmental management. This job needs a super hero or two for a job of this size and proportion…

Weimer, Walter C.; Teske, Lisa

2007-01-25T23:59:59.000Z

394

Demand and Price Volatility: Rational Habits in International Gasoline Demand  

E-Print Network (OSTI)

per capita terms. When crude oil prices are used, these aredriven by the world crude oil price rather than by exchange-uctuations in the crude oil price. The overall mean real

Scott, K. Rebecca

2011-01-01T23:59:59.000Z

395

Demand and Price Uncertainty: Rational Habits in International Gasoline Demand  

E-Print Network (OSTI)

per capita terms. When crude oil prices are used, these areby ‡uctuations in the crude oil price. The overall mean realcandidates are the crude oil price and the tax level. Both

Scott, K. Rebecca

2013-01-01T23:59:59.000Z

396

Reformulating Competition? Gasoline Content Regulation and Wholesale Gasoline Prices  

E-Print Network (OSTI)

Sup) # Sup Squared Crude Oil Price Constant Years of Datafactors using the price of crude oil (Cushings, O K ) . AsN and N-squared. The price of crude oil is a significant and

Brown, Jennifer; Hastings, Justine; Mansur, Erin T.; Villas-Boas, Sofia B

2007-01-01T23:59:59.000Z

397

INTERIM VALIDATION REPORT MIDDLE DISTILLATE PRICE MONITORING SYSTEM  

E-Print Network (OSTI)

to Wholesalers 1977-1978 HEATING OIL PRICES II-1 II-3 II-3Frame. Monthly U.S. Heating Oil Prices, 1970 - 1978 . . A-the only continuous No. 2 heating oil price information from

Hopelain, D.G.

2011-01-01T23:59:59.000Z

398

Long-term policies needed to address energy use and price volatility  

SciTech Connect

This paper reports on the gasoline price spike after the Exxon Valdez oil spill and the home heating fuel price increases last winter, which make the third sharp increase in the price of petroleum products that US citizens have experienced in the past 18 months. Although the United States is in a better position to deal with these price increases than in the 1970s because of increased energy efficiency and the existence of the Strategic Petroleum Reserve (SPR), concerns remain about recent trends showing increasing oil consumption, increased reliance on imports from the Persian Gulf, and the SPR's role in reducing the impact of these incidents.

Not Available

1990-09-01T23:59:59.000Z

399

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES  

SciTech Connect

The objective of this project is to increase the recoverable heavy oil reserves within sections of the Wilmington Oil Field, near Long Beach, California, through the testing and application of advanced reservoir characterization and thermal production technologies. The hope is that successful application of these technologies will result in their implementation throughout the Wilmington Field and, through technology transfer, will be extended to increase the recoverable oil reserves in other slope and basin clastic (SBC) reservoirs. The existing steamflood in the Tar zone of Fault Block II-A (Tar II-A) has been relatively inefficient because of several producibility problems which are common in SBC reservoirs: inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil and non-uniform distribution of the remaining oil. This has resulted in poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. A suite of advanced reservoir characterization and thermal production technologies are being applied during the project to improve oil recovery and reduce operating costs, including: (1) Development of three-dimensional (3-D) deterministic and stochastic reservoir simulation models--thermal or otherwise--to aid in reservoir management of the steamflood and post-steamflood phases and subsequent development work. (2) Development of computerized 3-D visualizations of the geologic and reservoir simulation models to aid reservoir surveillance and operations. (3) Perform detailed studies of the geochemical interactions between the steam and the formation rock and fluids. (4) Testing and proposed application of a novel alkaline-steam well completion technique for the containment of the unconsolidated formation sands and control of fluid entry and injection profiles. (5) Installation of a 2100 ft, 14 inch insulated, steam line beneath a harbor channel to supply steam to an island location. (6) Testing and proposed application of thermal recovery technologies to increase oil production and reserves: (a) Performing pilot tests of cyclic steam injection and production on new horizontal wells. (b) Performing pilot tests of hot water-alternating-steam (WAS) drive in the existing steam drive area to improve thermal efficiency. (7) Perform a pilot steamflood with the four horizontal injectors and producers using a pseudo steam-assisted gravity-drainage (SAGD) process. (8) Advanced reservoir management, through computer-aided access to production and geologic data to integrate reservoir characterization, engineering, monitoring and evaluation.

Unknown

2001-08-08T23:59:59.000Z

400

Natural Gas Industrial Price  

Annual Energy Outlook 2012 (EIA)

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...

Note: This page contains sample records for the topic "oil prices increased" 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

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

402

The Implications of a Gasoline Price Floor for the California Budget and Greenhouse Gas Emissions  

E-Print Network (OSTI)

as a function of crude oil prices with and without the FPSP.NYMEX front-month crude oil price that is generally referrederence between the price of crude oil and the target price.

Borenstein, Severin

2008-01-01T23:59:59.000Z

403

The Implications of a Gasoline Price Floor for the California Budget and Greenhouse Gas Emissions  

E-Print Network (OSTI)

climate policy. II. A Fuel Price Stabilization Program I ?rst present the Fuel Price Stabilization Program (FPSP) inOil Price ($/barrel) No Fuel Price Stabilization Program

Borenstein, Severin

2008-01-01T23:59:59.000Z

404

Last Winter's Price Spike Limited to Northeast  

Gasoline and Diesel Fuel Update (EIA)

7 7 Notes: This chart shows the day-to-day volatility in spot crude and heating oil prices, and clearly shows the regional nature of the price spike that occurred last winter. Due to a combination of extreme cold weather, low inventories, and refinery and transportation problems, New York Harbor spot prices shot up as high as $1.77 per gallon in a brief period in late January and early February. In June of this year, distillate spreads had dropped to 2.5 cents per gallon as a result of crude oil prices increasing faster than product prices. But by August spreads had strengthened to about 15 cents, and were as high as 21 cents on average in November 2000, which is almost 15 cents above average -- reflecting continued low stocks and the lack of even a normal summer/autumn build in inventories.

405

Explaining EIA Crude Oil and Petroleum Product Price Data and Comparing with Other U.S. Government Data Sources, 2001 to 2010  

Gasoline and Diesel Fuel Update (EIA)

Explaining EIA Crude Oil and Explaining EIA Crude Oil and Petroleum Product Price Data and Comparing with Other U.S. Government Data Sources, 2001 to 2010 December 2012 (February 2013-Revised Tables 5, 6 and 15 and associated links) Independent Statistics & Analysis www.eia.gov U.S. Department of Energy Washington, DC 20585 U.S. Energy Information Administration | Explaining EIA Crude Oil and Petroleum Product Price Data and Comparing with Other U.S. Government Data Sources, 2001 to 2010 ii This report was prepared by the U.S. Energy Information Administration (EIA), the statistical and analytical agency within the U.S. Department of Energy. By law, EIA's data, analyses, and forecasts are independent of approval by any other officer or employee of the United States Government. The views

406

Chapter 5 - Crude Oil  

Science Journals Connector (OSTI)

Abstract Oil has been the number one source of energy in the world since the middle of the twentieth century. The world is very dependent on petroleum for transportation fuels, petrochemicals and asphalt. But ever increasing demand has caused the price of oil to spike in recent years, and only the world economic crisis has been able to temper demand and bring the price down to more reasonable levels. However, the demand and price are likely to shoot up again when the economy recovers. At the same time, the peak oil theory of M. King Hubbert predicts that world oil production is likely to peak soon. This prediction raises questions about what source of energy will come to the fore when oil is not able to keep up.

Brian F. Towler

2014-01-01T23:59:59.000Z

407

Oil consumption, pollutant emission, oil proce volatility and economic activities in selected Asian Developing Economies.  

E-Print Network (OSTI)

??It is now well established in the literature that oil consumption, oil price shocks, and oil price volatility may impact the economic activities negatively. Studies… (more)

Rafiq, Shuddhasattwa

2009-01-01T23:59:59.000Z

408

Consumer Winter Heating Oil Costs  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: The outlook for heating oil costs this winter, due to high crude oil costs and tight heating oil supplies, breaks down to an expected increase in heating expenditures for a typical oil-heated household of more than $200 this winter, the result of an 18% increase in the average price and an 11% increase in consumption. The consumption increase is due to the colder than normal temperatures experienced so far this winter and our expectations of normal winter weather for the rest of this heating season. Last winter, Northeast heating oil (and diesel fuel) markets experienced an extremely sharp spike in prices when a severe weather situation developed in late January. It is virtually impossible to gauge the probability of a similar (or worse) price shock recurring this winter,

409

THE SIMPLE ECONOMICS OF COMMODITY PRICE SPECULATION  

E-Print Network (OSTI)

This draft: April 9, 2013 Abstract The price of crude oil in the U.S. never exceeded $40 per barrel until mid price changes? We clarify the effects of speculators on commodity prices. We focus on crude oil, but our approach can be applied to other commodities. We explain the meaning of "oil price speculation," how it can

Rothman, Daniel

410

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

411

THE WEEK'S PRICE CHANGES  

Science Journals Connector (OSTI)

Standard Oil Co. of Indiana advanced prices for fuel oil in the Chicago area three tenths of a cent per gallon, effective Jan. 23, 1950.Fritzsche Brothers, Inc. , New York, issued a new price list Jan. 13, 1950, showing eight declines and six advances ...

1950-01-30T23:59:59.000Z

412

Using polymer electrolyte membrane fuel cells in a hybrid surface ship propulsion plant to increase fuel efficiency .  

E-Print Network (OSTI)

??An increasingly mobile US Navy surface fleet and oil price uncertainty contrast with the Navy's desire to lower the amount of money spent purchasing fuel.… (more)

Kroll, Douglas M.

2010-01-01T23:59:59.000Z

413

Peak oil supply or oil not for sale?  

Science Journals Connector (OSTI)

Abstract The restrictions imposed by climate change are inevitable and will be exerted either via precautionary mitigation of (mainly energy-related) CO2 emissions or via irreversible impacts on ecosystems and on human habitats. Either way, oil markets are bound to incur drastic shrinking. Concern over peak oil supply will crumble when the irrevocable peak oil demand is created. Replacing oil in the world's energy economies requires redirected market forces, notably in the form of steadily increasing oil end-use prices. Yet, thus far, crude oil prices have obeyed the market fundamentals of expanding-contracting demand and oligopolistic supply. A hockey stick supply curve supports high sales prices, providing large rents to submarginal sources. Cutting oil demand and maintaining high prices implies reducing the supply hockey stick's length by curtailing some oil producers. In such a scenario, the alliances, goals, and tactics of oil geopolitics are set to change. We identify a distribution over friendly and hostile oil suppliers, with others drifting in between the two sides. Conflicts and warfare are less aimed at conquering oil fields for exploitation than at paralyzing production capabilities of opponents or of unreliable transient sources. Covert warfare and instigation of internal conflicts are likely tactics to exhaust hostile opponents.

Aviel Verbruggen; Thijs Van de Graaf

2013-01-01T23:59:59.000Z

414

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

415

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

416

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES  

SciTech Connect

The overall objective of this project is to increase heavy oil reserves in slope and basin clastic (SBC) reservoirs through the application of advanced reservoir characterization and thermal production technologies. The project involves improving thermal recovery techniques in the Tar Zone of Fault Blocks II-A and V (Tar II-A and Tar V) of the Wilmington Field in Los Angeles County, near Long Beach, California. A primary objective is to transfer technology which can be applied in other heavy oil formations of the Wilmington Field and other SBC reservoirs, including those under waterflood. The thermal recovery operations in the Tar II-A and Tar V have been relatively inefficient because of several producibility problems which are common in SBC reservoirs. Inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil, and nonuniform distribution of remaining oil have all contributed to poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated formation sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. The advanced technologies to be applied include: (1) Develop three-dimensional (3-D) deterministic and stochastic geologic models. (2) Develop 3-D deterministic and stochastic thermal reservoir simulation models to aid in reservoir management and subsequent development work. (3) Develop computerized 3-D visualizations of the geologic and reservoir simulation models to aid in analysis. (4) Perform detailed study on the geochemical interactions between the steam and the formation rock and fluids. (5) Pilot steam injection and production via four new horizontal wells (2 producers and 2 injectors). (6) Hot water alternating steam (WAS) drive pilot in the existing steam drive area to improve thermal efficiency. (7) Installing an 2400 foot insulated, subsurface harbor channel crossing to supply steam to an island location. (8) Test a novel alkaline steam completion technique to control well sanding problems and fluid entry profiles. (9) Advanced reservoir management through computer-aided access to production and geologic data to integrate reservoir characterization, engineering, monitoring, and evaluation.

Scott Hara

2004-03-05T23:59:59.000Z

417

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES  

SciTech Connect

The overall objective of this project is to increase heavy oil reserves in slope and basin clastic (SBC) reservoirs through the application of advanced reservoir characterization and thermal production technologies. The project involves improving thermal recovery techniques in the Tar Zone of Fault Blocks II-A and V (Tar II-A and Tar V) of the Wilmington Field in Los Angeles County, near Long Beach, California. A primary objective is to transfer technology which can be applied in other heavy oil formations of the Wilmington Field and other SBC reservoirs, including those under waterflood. The thermal recovery operations in the Tar II-A and Tar V have been relatively inefficient because of several producibility problems which are common in SBC reservoirs. Inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil, and nonuniform distribution of remaining oil have all contributed to poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated formation sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. The advanced technologies to be applied include: (1) Develop three-dimensional (3-D) deterministic and stochastic geologic models. (2) Develop 3-D deterministic and stochastic thermal reservoir simulation models to aid in reservoir management and subsequent development work. (3) Develop computerized 3-D visualizations of the geologic and reservoir simulation models to aid in analysis. (4) Perform detailed study on the geochemical interactions between the steam and the formation rock and fluids. (5) Pilot steam injection and production via four new horizontal wells (2 producers and 2 injectors). (6) Hot water alternating steam (WAS) drive pilot in the existing steam drive area to improve thermal efficiency. (7) Installing an 2400 foot insulated, subsurface harbor channel crossing to supply steam to an island location. (8) Test a novel alkaline steam completion technique to control well sanding problems and fluid entry profiles. (9) Advanced reservoir management through computer-aided access to production and geologic data to integrate reservoir characterization, engineering, monitoring, and evaluation.

Scott Hara

2003-09-04T23:59:59.000Z

418

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES  

SciTech Connect

The overall objective of this project is to increase heavy oil reserves in slope and basin clastic (SBC) reservoirs through the application of advanced reservoir characterization and thermal production technologies. The project involves improving thermal recovery techniques in the Tar Zone of Fault Blocks II-A and V (Tar II-A and Tar V) of the Wilmington Field in Los Angeles County, near Long Beach, California. A primary objective is to transfer technology which can be applied in other heavy oil formations of the Wilmington Field and other SBC reservoirs, including those under waterflood. The thermal recovery operations in the Tar II-A and Tar V have been relatively inefficient because of several producibility problems which are common in SBC reservoirs. Inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil, and nonuniform distribution of remaining oil have all contributed to poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated formation sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. The advanced technologies to be applied include: (1) Develop three-dimensional (3-D) deterministic and stochastic geologic models. (2) Develop 3-D deterministic and stochastic thermal reservoir simulation models to aid in reservoir management and subsequent development work. (3) Develop computerized 3-D visualizations of the geologic and reservoir simulation models to aid in analysis. (4) Perform detailed study on the geochemical interactions between the steam and the formation rock and fluids. (5) Pilot steam injection and production via four new horizontal wells (2 producers and 2 injectors). (6) Hot water alternating steam (WAS) drive pilot in the existing steam drive area to improve thermal efficiency. (7) Installing an 2400 foot insulated, subsurface harbor channel crossing to supply steam to an island location. (8) Test a novel alkaline steam completion technique to control well sanding problems and fluid entry profiles. (9) Advanced reservoir management through computer-aided access to production and geologic data to integrate reservoir characterization, engineering, monitoring, and evaluation.

Scott Hara

2003-06-04T23:59:59.000Z

419

This Week In Petroleum Crude Oil Section  

Gasoline and Diesel Fuel Update (EIA)

Crude oil futures and estimated contract prices (dollars per barrel) Contract 1 Contract 2 Contract 3 Contract 4 Crude oil futures price contract 1 graph Crude oil futures price...

420

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

Note: This page contains sample records for the topic "oil prices increased" 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

Increasing Heavy Oil Reserves in the Wilmington Oil Field Through Advanced Reservoir Characterization and Thermal Production Technologies  

SciTech Connect

The project involves improving thermal recovery techniques in a slope and basin clastic (SBC) reservoir in the Wilmington field, Los Angeles Co., Calif. using advanced reservoir characterization and thermal production technologies. The existing steamflood in the Tar zone of Fault Block (FB) II-A has been relatively inefficient because of several producibility problems which are common in SBC reservoirs. Inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil, and nonuniform distribution of remaining oil have all contributed to poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated formation sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. The advanced technologies to be applied include: (1) Develop three-dimensional (3-D) deterministic and stochastic geologic models. (2) Develop 3-D deterministic and stochastic thermal reservoir simulation models to aid in reservoir management and subsequent development work. (3) Develop computerized 3-D visualizations of the geologic and reservoir simulation models to aid in analysis. (4) Perform detailed study on the geochemical interactions between the steam and the formation rock and fluids. (5) Pilot steam injection and production via four new horizontal wells (2 producers and 2 injectors). (6) Hot water alternating steam (WAS) drive pilot in the existing steam drive area to improve thermal efficiency. (7) Installing a 2100 foot insulated, subsurface harbor channel crossing to supply steam to an island location. (8) Test a novel alkaline steam completion technique to control well sanding problems and fluid entry profiles. (9) Advanced reservoir management through computer-aided access to production and geologic data to integrate reservoir characterization, engineering, monitoring, and evaluation. Summary of Technical Progress

Scott Hara

1997-08-08T23:59:59.000Z

422

Increasing Heavy Oil Reserves in the Wilmington Oil Field Through Advanced Reservoir Characterization and Thermal Production Technologies  

SciTech Connect

The project involves improving thermal recovery techniques in a slope and basin clastic (SBC) reservoir in the Wilmington field, Los Angeles Co., Calif. using advanced reservoir characterization and thermal production technologies. The existing steamflood in the Tar zone of Fault Block (FB) II-A has been relatively inefficient because of several producibility problems which are common in SBC reservoirs. Inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil, and nonuniform distribution of remaining oil have all contributed to poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated formation sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. The advanced technologies to be applied include: (1) Develop three-dimensional (3-D) deterministic and stochastic geologic models. (2) Develop 3-D deterministic and stochastic thermal reservoir simulation models to aid in reservoir management and subsequent development work. (3) Develop computerized 3-D visualizations of the geologic and reservoir simulation models to aid in analysis. (4) Perform detailed study on the geochemical interactions between the steam and the formation rock and fluids. (5) Pilot steam injection and production via four new horizontal wells (2 producers and 2 injectors). (6) Hot water alternating steam (WAS) drive pilot in the existing steam drive area to improve thermal efficiency. (7) Installing a 2100 foot insulated, subsurface harbor channel crossing to supply steam to an island location. (8) Test a novel alkaline steam completion technique to control well sanding problems and fluid entry profiles. (9) Advanced reservoir management through computer-aided access to production and geologic data to integrate reservoir characterization, engineering, monitoring, and evaluation.

Scott Hara

1998-03-03T23:59:59.000Z

423

Increasing Heavy Oil Reservers in the Wilmington Oil field Through Advanced Reservoir Characterization and Thermal Production Technologies  

SciTech Connect

The project involves improving thermal recovery techniques in a slope and basin clastic (SBC) reservoir in the Wilmington field, Los Angeles Co., Calif. using advanced reservoir characterization and thermal production technologies. The existing steamflood in the Tar zone of Fault Block (FB) 11-A has been relatively inefficient because of several producibility problems which are common in SBC reservoirs. Inadequate characterization of the heterogeneous turbidite sands, high permeability thief zones, low gravity oil, and nonuniform distribution of remaining oil have all contributed to poor sweep efficiency, high steam-oil ratios, and early steam breakthrough. Operational problems related to steam breakthrough, high reservoir pressure, and unconsolidated formation sands have caused premature well and downhole equipment failures. In aggregate, these reservoir and operational constraints have resulted in increased operating costs and decreased recoverable reserves. The advanced technologies to be applied include: (1) Develop three-dimensional (3-D) deterministic and stochastic geologic models. (2) Develop 3-D deterministic and stochastic thermal reservoir simulation models to aid in reservoir management and subsequent development work. (3) Develop computerized 3-D visualizations of the geologic and reservoir simulation models to aid in analysis. (4) Perform detailed study on the geochemical interactions between the steam and the formation rock and fluids. (5) Pilot steam injection and production via four new horizontal wells (2 producers and 2 injectors). (6) Hot water alternating steam (WAS) drive pilot in the existing steam drive area to improve thermal efficiency. (7) Installing a 2100 foot insulated, subsurface harbor channel crossing to supply steam to an island location. (8) Test a novel alkaline steam completion technique to control well sanding problems and fluid entry profiles. (9) Advanced reservoir management through computer-aided access to production and geologic data to integrate reservoir characterization, engineering, monitoring, and evaluation.

Hara, Scott [Tidelands Oil Production Co., Long Beach, CA (United States)

1997-05-05T23:59:59.000Z

424

Pricing statistics sourcebook. 5. edition  

SciTech Connect

Thousands of historical and current prices for crude oil, NGL, petroleum products, natural gas and electric power are presented in easy to read tables. The book includes spot, posted and future prices; prices by state and by country; and monthly and annual prices. Most monthly price series go back 25 years. This comprehensive source for energy industry prices is a must for anyone involved in planning and budgeting. The Pricing Statistics Sourcebook has all of the essential key energy price statistics needed for analysis of the US and international oil and gas industries. Also include: an appendix of IEA, OECD and OPEC member lists, conversion factors heat content of fuels; and major events affecting the oil and gas industry since 1859. The book includes a summary analysis of significant changes in key data series written by Bob Beck, Economics Editor of the Oil and Gas Journal.

NONE

1999-11-01T23:59:59.000Z

425

Prices and Price Setting.  

E-Print Network (OSTI)

??abstractThis thesis studies price data and tries to unravel the underlying economic processes of why firms have chosen these prices. It focuses on three aspects… (more)

R.P. Faber (Riemer)

2010-01-01T23:59:59.000Z

426

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

427

Corn oil exposure increases inflammatory cytokine production in human white preadipocytes but canola oil exposure does not  

Science Journals Connector (OSTI)

...Prevention and Epidemiology Dietary Fish Oil Alters T Lymphocyte Cell Populations and...East Lansing, Michigan Findings that fish oil enriched with DHA can promote colitis and...docosahexaenoic acid (DHA) is present in fish oil and has potent anti-inflammatory properties...

Gabriela Ion and W. Elaine Hardman

2007-12-01T23:59:59.000Z

428

THE SIMPLE ECONOMICS OF COMMODITY PRICE SPECULATION Christopher  

Gasoline and Diesel Fuel Update (EIA)

THE THE SIMPLE ECONOMICS OF COMMODITY PRICE SPECULATION Christopher R. Knittel and Robert S. Pindyck Massachusetts Institute of Technology July 2013 Knittel and Pindyck (MIT) PRICE SPECULATION July 2013 1 / 32 Introduction "Commodities have become an investment class: declines in their prices may simply reflect the whims of speculators." The Economist, June 23, 2012. "Federal legislation should bar pure oil speculators entirely from commodity exchanges in the United States." Joseph Kennedy II, N.Y. Times, April, 10, 2012. Sharp increases in oil prices: $40 per barrel in 2004 to $70 in 2006 to $140 in July 2008. Fell to $38 in early 2009, then increased to $110 in 2011. Are "speculators" to blame? Should futures trading be limited? Confusion over commodity price speculation and how it works. We try to clarify the potential and actual effects of speculators

429

INCREASING WATERFLOOD RESERVES IN THE WILMINGTON OIL FIELD THROUGH IMPROVED RESERVOIR CHARACTERIZATION AND RESERVOIR MANAGEMENT  

SciTech Connect

This project increased recoverable waterflood reserves in slope and basin reservoirs through improved reservoir characterization and reservoir management. The particular application of this project is in portions of Fault Blocks IV and V of the Wilmington Oil Field, in Long Beach, California, but the approach is widely applicable in slope and basin reservoirs. Transferring technology so that it can be applied in other sections of the Wilmington Field and by operators in other slope and basin reservoirs is a primary component of the project. This project used advanced reservoir characterization tools, including the pulsed acoustic cased-hole logging tool, geologic three-dimensional (3-D) modeling software, and commercially available reservoir management software to identify sands with remaining high oil saturation following waterflood. Production from the identified high oil saturated sands was stimulated by recompleting existing production and injection wells in these sands using conventional means as well as a short radius redrill candidate. Although these reservoirs have been waterflooded over 40 years, researchers have found areas of remaining oil saturation. Areas such as the top sand in the Upper Terminal Zone Fault Block V, the western fault slivers of Upper Terminal Zone Fault Block V, the bottom sands of the Tar Zone Fault Block V, and the eastern edge of Fault Block IV in both the Upper Terminal and Lower Terminal Zones all show significant remaining oil saturation. Each area of interest was uncovered emphasizing a different type of reservoir characterization technique or practice. This was not the original strategy but was necessitated by the different levels of progress in each of the project activities.

Scott Walker; Chris Phillips; Roy Koerner; Don Clarke; Dan Moos; Kwasi Tagbor

2002-02-28T23:59:59.000Z

430

Do Americans Consume Too Little Natural Gas? An Empirical Test of Marginal Cost Pricing  

E-Print Network (OSTI)

demand with respect to the crude oil price is 0.347. Table 5for North Sea crude oil (Brent Crude Spot Price), andheatinginclude the spot price of Brent crude oil. We instrument for

Davis, Lucas; Muehlegger, Erich

2009-01-01T23:59:59.000Z

431

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

432

Gasoline Prices at Historical Lows  

Gasoline and Diesel Fuel Update (EIA)

0 0 Notes: Before looking at El Paso gasoline prices, letÂ’s take a minute to look at the U.S. average price for context. Gasoline prices this year, adjusted for inflation, are the lowest ever. Back in March, before prices began to rise ahead of the traditional high-demand season, the U.S. average retail price fell to $1.00 per gallon. Prices rose an average of 7.5 cents, less than the typical seasonal runup, to peak in early June. Since then, prices have fallen back to $1.013. Given recent declines in crude oil and wholesale gasoline prices, we expect retail prices to continue to ease over at least the next few weeks. Since their sharp runup during the energy crises of the 1970Â’s, gasoline prices have actually been non-inflationary. Adjusting the historical prices by the Consumer Price Index, we can see that todayÂ’s

433

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

434

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

435

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

436

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

437

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

438

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES  

SciTech Connect

The project involves using advanced reservoir characterization and thermal production technologies to improve thermal recovery techniques and lower operating and capital costs in a slope and basin clastic (SBC) reservoir in the Wilmington field, Los Angeles Co., CA. Through June 2002, project work has been completed on the following activities: data preparation; basic reservoir engineering; developing a deterministic three dimensional (3-D) geologic model, a 3-D deterministic reservoir simulation model and a rock-log model; well drilling and completions; and surface facilities on the Fault Block II-A Tar Zone (Tar II-A). Work is continuing on research to understand the geochemistry and process regarding the sand consolidation well completion technique, final reservoir tracer work, operational work and research studies to prevent thermal-related formation compaction in the Tar II-A steamflood area, and operational work on the Tar V post-steamflood pilot and Tar II-A post-steamflood projects. During the Third Quarter 2002, the project team essentially completed implementing the accelerated oil recovery and reservoir cooling plan for the Tar II-A post-steamflood project developed in March 2002 and is proceeding with additional related work. The project team has completed developing laboratory research procedures to analyze the sand consolidation well completion technique and will initiate work in the fourth quarter. The Tar V pilot steamflood project terminated hot water injection and converted to post-steamflood cold water injection on April 19, 2002. Proposals have been approved to repair two sand consolidated horizontal wells that sanded up, Tar II-A well UP-955 and Tar V well J-205, with gravel-packed inner liner jobs to be performed next quarter. Other well work to be performed next quarter is to convert well L-337 to a Tar V water injector and to recomplete vertical well A-194 as a Tar V interior steamflood pattern producer. Plans have been approved to drill and complete well A-605 in Tar V in the first quarter 2003. Plans have been approved to update the Tar II-A 3-D deterministic reservoir simulation model and run sensitivity cases to evaluate the accelerated oil recovery and reservoir cooling plan. The Tar II-A post-steamflood operation started in February 1999 and steam chest fillup occurred in September-October 1999. The targeted reservoir pressures in the ''T'' and ''D'' sands are maintained at 90 {+-} 5% hydrostatic levels by controlling water injection and gross fluid production and through the bimonthly pressure monitoring program enacted at the start of the post-steamflood phase. Well work related to the Tar II-A accelerated oil recovery and reservoir cooling plan began in March 2002 with oil production increasing from 1009 BOPD in the first quarter to 1145 BOPD in the third quarter. Reservoir pressures have been increased during the quarter from 88% to 91% hydrostatic levels in the ''T'' sands and from 91% to 94% hydrostatic levels in the ''D'' sands. Well work during the quarter is described in the Reservoir Management section. The post-steamflood production performance in the Tar V pilot project has been below projections because of wellbore mechanical limitations and the loss of a horizontal producer a second time to sand inflow that are being addressed in the fourth quarter. As the fluid production temperatures exceeded 350 F, our self-imposed temperature limit, the pilot steamflood was converted to a hot waterflood project in June 2001 and converted to cold water injection on April 19, 2002.

Scott Hara

2002-11-08T23:59:59.000Z

439

OIl Speculation  

Gasoline and Diesel Fuel Update (EIA)

Investor Investor Flows and the 2008 Boom/Bust in Oil Prices Kenneth J. Singleton 1 August 10, 2011 1 Graduate School of Business, Stanford University, kenneths@stanford.edu. This research is the outgrowth of a survey paper I prepared for the Air Transport Association of America. I am grateful to Kristoffer Laursen for research assistance and to Kristoffer and Stefan Nagel for their comments. Abstract This paper explores the impact of investor flows and financial market conditions on returns in crude-oil futures markets. I begin by arguing that informational frictions and the associated speculative activity may induce prices to drift away from "fundamental" values and show increased volatility. This is followed by a discussion of the interplay between imperfect infor- mation about real economic activity, including supply, demand, and inventory accumulation, and speculative

440

Method of increasing anhydrosugars, pyroligneous fractions and esterified bio-oil  

SciTech Connect

The device and method are provided to increase anhydrosugars yield during pyrolysis of biomass. This increase is achieved by injection of a liquid or gas into the vapor stream of any pyrolysis reactor prior to the reactor condensers. A second feature of our technology is the utilization of sonication, microwave excitation, or shear mixing of the biomass to increase the acid catalyst rate for demineralization or removal of hemicellulose prior to pyrolysis. The increased reactivity of these treatments reduces reaction time as well as the required amount of catalyst to less than half of that otherwise required. A fractional condensation system employed by our pyrolysis reactor is another feature of our technology. This system condenses bio-oil pyrolysis vapors to various desired fractions by differential temperature manipulation of individual condensers comprising a condenser chain.

Steele, Philip H; Yu, Fei; Li, Qi; Mitchell, Brian

2014-12-30T23:59:59.000Z

Note: This page contains sample records for the topic "oil prices increased" 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

lackouts, rising gas prices, changes to the Clean Air Act, proposals to open wilderness and protected offshore areas to gas drilling, and increasing  

E-Print Network (OSTI)

B lackouts, rising gas prices, changes to the Clean Air Act, proposals to open wilderness, author Julian Darley takes a hard-hitting look at natural gas as an energy source that rapidly went from nuisance to crutch. Darley outlines the implications of our increased dependence on this energy source

Keeling, Stephen L.

442

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.

443

Microsoft Word - feb10-Price Uncertainty Supplement.doc  

Gasoline and Diesel Fuel Update (EIA)

February 2010 February 2010 Short-Term Energy Outlook Energy Price Volatility and Forecast Uncertainty 1 February 12, 2010 Release Crude Oil Prices. WTI crude oil spot prices averaged $78.33 per barrel in January 2010, almost $4 per barrel higher than the prior month's average and matching the $78-per-barrel forecast in last month's Outlook. The WTI spot price peaked at $83.12 on January 6 and then fell to $72.85 on January 29 as the weather turned warm and concerns about the strength of world economic recovery increased. EIA forecasts that WTI spot prices will remain near current levels over the next few months, averaging $76 per barrel in February and March, before rising to about $82 per barrel in the late

444

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

445

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

1996 January ............. 15.43 16.44 17.83 17.72 17.63 17.02 17.05 17.49 17.26 17.03 16.78 17.19 15.91 February ........... 15.54 16.43 17.70 17.73 17.91 16.91 17.04 17.64 17.38 17.01 17.06 17.04 15.79 March ................ 17.63 18.68 19.77 19.39 19.86 18.23 19.41 19.99 19.74 19.48 19.34 19.56 18.04 April .................. 19.58 20.62 21.80 21.57 21.73 20.38 21.51 21.98 21.78 21.64 21.39 21.63 20.25 May ................... 17.94 18.56 20.17 20.24 20.44 19.52 19.46 19.92 19.70 19.52 19.25 19.44 18.94 June .................. 16.94 17.77 19.50 19.58 19.83 18.85 18.70 19.27 19.00 18.90 18.65 18.86 18.27 July ................... 17.63 18.50 19.97 19.81 20.05 18.69 19.55 19.98 19.76 19.77 19.43 19.62 19.06 August .............. 18.29 19.17 20.44 20.49 20.57 18.99 20.32 20.71 20.47 20.42 20.12 20.39 19.72 September ........ 19.93

446

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

1997 January ............. 21.76 22.68 23.97 23.71 23.95 22.31 23.44 23.94 23.66 23.72 23.11 23.52 22.93 February ........... 19.38 19.89 22.68 20.95 21.06 19.63 20.54 21.09 20.81 20.61 19.62 21.01 19.88 March ................ 17.83 18.34 20.14 19.70 19.68 18.39 19.08 19.59 19.15 19.16 18.30 19.13 18.50 April .................. 16.63 17.19 18.95 18.35 18.04 17.35 18.00 18.51 18.11 18.09 17.36 17.79 17.40 May ................... 17.23 18.03 18.82 18.56 18.64 17.99 18.95 19.50 19.12 18.93 18.30 18.98 18.37 June .................. 15.88 16.49 17.96 16.93 16.98 16.25 17.17 17.88 17.59 17.09 16.51 17.12 16.55 July ................... 15.89 16.68 17.88 17.14 17.05 16.49 17.54 18.19 17.90 17.46 16.90 17.51 16.94 August .............. 16.19 17.06 18.09 17.24 17.09 16.52 17.71 18.38 18.00 17.63 17.09 17.56 17.11 September ........ 16.41

447

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

1994 January ............. 10.49 11.78 14.13 13.87 14.32 13.56 12.75 13.39 13.35 12.33 13.05 13.21 11.19 February ........... 10.71 11.79 14.04 14.13 14.51 13.75 12.50 13.11 13.02 12.10 12.67 12.88 10.92 March ................ 10.94 11.91 13.93 13.88 14.31 13.56 12.41 13.07 13.04 12.01 12.77 12.85 10.88 April .................. 12.31 13.40 15.07 14.20 14.69 14.31 14.12 14.87 14.78 13.83 14.49 14.57 12.67 May ................... 14.02 15.12 16.58 15.58 16.00 15.56 15.93 16.70 16.57 15.57 16.17 16.37 14.52 June .................. 14.93 16.13 17.95 17.34 17.59 17.09 17.17 17.95 17.79 16.83 17.45 17.61 15.76 July ................... 15.34 16.50 18.76 18.35 18.50 18.06 17.67 18.39 18.24 17.33 17.84 18.10 16.32 August .............. 14.50 15.47 17.59 17.61 17.68 17.16 16.18 16.86 16.75 15.85 16.23 16.53 14.81 September ........ 13.62

448

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

1997 ..................... 1997 ..................... 17.23 17.92 19.25 18.49 18.79 17.56 18.60 19.11 18.73 18.63 17.97 18.75 18.10 1998 ..................... 10.87 11.51 13.21 13.66 13.67 11.95 12.29 12.78 12.49 12.19 11.67 12.39 11.50 1999 January ............. 8.57 9.54 11.09 W 11.88 9.84 10.34 10.60 9.89 10.11 9.47 10.14 9.81 February ........... 8.60 9.27 10.84 W 11.58 9.49 10.01 10.18 9.85 9.69 9.02 11.71 9.35 March ................ 10.76 11.55 12.51 W 13.50 11.63 12.74 12.83 12.50 12.47 11.76 12.86 12.33 April .................. 12.82 13.94 14.94 W 16.14 14.44 15.14 15.42 15.00 15.05 14.22 14.92 14.96 May ................... 13.92 14.75 15.91 W 16.92 15.28 15.85 16.04 15.58 15.65 14.69 15.34 15.61 June .................. 14.39 15.00 16.09 W 16.91 15.20 16.14 16.19 15.72 15.95 14.92 15.60 15.77 July ................... 16.12 16.85 18.08 W 19.00 17.34 18.09

449

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

1995 January ............. 14.00 15.19 16.69 16.13 16.34 16.04 15.95 16.59 16.49 15.68 16.03 16.28 14.60 February ........... 14.71 15.82 17.23 16.61 16.69 16.39 16.65 17.25 17.11 16.41 16.74 17.02 15.33 March ................ 14.68 15.70 17.27 16.94 17.05 16.74 16.47 17.09 16.99 16.24 16.60 16.82 15.15 April .................. 15.84 16.95 18.27 17.61 17.73 17.35 17.78 18.37 18.30 17.58 17.91 18.02 16.63 May ................... 15.85 16.98 18.36 17.92 18.02 17.60 17.52 18.01 18.01 17.33 17.52 17.80 16.44 June .................. 15.02 15.97 17.58 17.58 17.71 17.30 16.37 16.80 16.76 16.14 16.24 16.60 15.27 July ................... 14.01 14.84 16.27 16.13 16.23 15.86 15.21 15.74 15.64 14.97 15.17 15.44 14.08 August .............. 14.13 15.30 16.48 16.00 16.18 15.81 15.87 16.42 16.26 15.72 15.81 16.07 14.71 September ........ 14.49

450

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

1995 ..................... 1995 ..................... 14.62 15.72 17.18 16.74 16.93 16.53 16.39 16.95 16.88 16.19 16.43 16.63 15.18 1996 ..................... 18.46 19.41 20.82 20.95 20.99 19.59 20.33 20.86 20.67 20.47 20.24 20.32 19.57 1997 ..................... 17.23 17.92 19.25 18.49 18.79 17.56 18.60 19.11 18.73 18.63 17.97 18.75 18.10 1998 January ............. 13.45 13.92 15.41 15.59 15.84 14.06 14.67 15.29 15.01 14.60 14.01 14.80 13.84 February ........... 12.17 13.01 14.65 14.70 15.24 13.22 14.00 14.53 14.19 13.90 13.31 14.08 13.15 March ................ 11.15 11.86 13.85 W 14.21 12.42 12.93 13.60 13.29 12.85 12.41 13.08 12.09 April .................. 11.28 12.09 13.97 W 14.63 12.94 13.26 13.73 13.45 13.18 12.65 13.44 12.47 May ................... 11.13 11.83 13.68 13.99 14.19 12.44 12.67 13.28 12.98 12.58 12.06 12.72 11.86 June .................. 10.00

451

Price of Motor Gasoline Through Retail Outlets  

Gasoline and Diesel Fuel Update (EIA)

Prices, Sales Volumes & Stocks by State Prices, Sales Volumes & Stocks by State (Dollars per Gallon Excluding Taxes) Data Series: Retail Price - Motor Gasoline Retail Price - Regular Gasoline Retail Price - Midgrade Gasoline Retail Price - Premium Gasoline Retail Price - Aviation Gasoline Retail Price - Kerosene-Type Jet Fuel Retail Price - Propane Retail Price - Kerosene Retail Price - No. 1 Distillate Retail Price - No. 2 Distillate Retail Price - No. 2 Fuel Oil Retail Price - No. 2 Diesel Fuel Retail Price - No. 4 Fuel Oil Prime Supplier Sales - Motor Gasoline Prime Supplier Sales - Regular Gasoline Prime Supplier Sales - Midgrade Gasoline Prime Supplier Sales - Premium Gasoline Prime Supplier Sales - Aviation Gasoline Prime Supplier Sales - Kerosene-Type Jet Fuel Prime Supplier Sales - Propane (Consumer Grade) Prime Supplier Sales - Kerosene Prime Supplier Sales - No. 1 Distillate Prime Supplier Sales - No. 2 Distillate Prime Supplier Sales - No. 2 Fuel Oil Prime Supplier Sales - No. 2 Diesel Fuel Prime Supplier Sales - No. 4 Fuel Oil Prime Supplier Sales - Residual Fuel Oil Stocks - Finished Motor Gasoline Stocks - Reformulated Gasoline Stocks - Conventional Gasoline Stocks - Motor Gasoline Blending Components Stocks - Kerosene Stocks - Distillate Fuel Oil Stocks - Distillate F.O., 15 ppm and under Sulfur Stocks - Distillate F.O., Greater than 15 to 500 ppm Sulfur Stocks - Distillate F.O., Greater 500 ppm Sulfur Stocks - Residual Fuel Oil Stocks - Propane/Propylene Period: Monthly Annual

452

Consumer Winter Heating Oil Costs  

Gasoline and Diesel Fuel Update (EIA)

5 5 Notes: Using the Northeast as a regional focus for heating oil, the typical oil-heated household consumes about 680 gallons of oil during the winter, assuming that weather is "normal." The previous three winters were warmer than average and generated below normal consumption rates. Last winter, consumers saw large increases over the very low heating oil prices seen during the winter of 1998-1999 but, outside of the cold period in late January/early February they saw relatively low consumption rates due to generally warm weather. Even without particularly sharp cold weather events this winter, we think consumers are likely to see higher average heating oil prices than were seen last winter. If weather is normal, our projections imply New England heating oil

453

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?

454

Total OECD Oil Stocks*  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: The most recent data show OECD inventories remaining at very low levels. EIA expects inventories to remain low through the coming year. This increases the potential for price volatility through the rest of the winter, and into the next gasoline season. 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. As global oil production changed relative to demand, the world moved from a period of over-supply in 1998 to one of under-supply in 1999 and 2000. OECD inventories illustrate the changes in the world petroleum balance. OECD inventories rose to high levels during 1997 and 1998 when production exceeded demand and prices dropped to around $10 per barrel in

455

Total OECD Oil Stocks*  

Gasoline and Diesel Fuel Update (EIA)

The most recent data show OECD inventories remaining at very low The most recent data show OECD inventories remaining at very low levels. EIA expects inventories to remain low through the coming year. This increases the potential for price volatility through the winter, and even extending to the next gasoline season. Inventories are a good measure of the supply/demand balance that effects prices. A large over-supply (production greater than demand) will put downward pressure on prices, while under-supply will push prices upward. As global oil production changed relative to demand, the world moved from a period of over-supply in 1998 to one of under-supply in 1999 and 2000. OECD inventories illustrate the changes in the world petroleum balance. OECD inventories rose to high levels during 1997 and 1998 when production exceeded demand and prices dropped to around $10 per barrel in

456

Total OECD Oil Stocks*  

Gasoline and Diesel Fuel Update (EIA)

9 9 Notes: The most recent data show OECD inventories remaining at very low levels. EIA expects inventories to remain low through the coming year. This increases the potential for price volatility through the winter, and even extending to the next gasoline season. Inventories are a good measure of the supply/demand balance that effects prices. A large over-supply (production greater than demand) will put downward pressure on prices, while under-supply will push prices upward. As global oil production changed relative to demand, the world moved from a period of over-supply in 1998 to one of under-supply in 1999 and 2000. OECD inventories illustrate the changes in the world petroleum balance. OECD inventories rose to high levels during 1997 and 1998 when production exceeded demand and prices dropped to around $10 per barrel in

457

Oil vulnerability in the greater Toronto area: impacts of high fuel prices on urban form and environment  

Science Journals Connector (OSTI)

The rising cost of fossil fuel is a recognized phenomenon, but its impact ... . Understanding how the socioeconomic impacts of rising fuel prices might be distributed across urban areas is...2007...)] by incorpor...

S. Akbari; K. Nurul Habib

2014-08-01T23:59:59.000Z

458

Summary of Important Terms PETROLEUM PRICES  

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

Important Terms Important Terms PETROLEUM PRICES Refiner acquisition cost of crude oil (RAC): The average monthly cost of crude oil to U.S. refiners, including transportation and fees. The composite cost is the weighted average of domestic and imported crude oil costs. Typically, the imported RAC is about $1.50 per barrel below the monthly average spot price of West Texas Intermediate (WTI) crude oil and is within about $0.20 per barrel of the average monthly spot price of Brent crude oil. Unless otherwise stated, the imported RAC is what is referred to in this report as the 'world oil price" or "average crude oil price." Retail motor gasoline prices: The average pump prices for gasoline reported in the Short-term Energy Outlook are derived from the Energy Information

459

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES  

SciTech Connect

The project involves using advanced reservoir characterization and thermal production technologies to improve thermal recovery techniques and lower operating and capital costs in a slope and basin clastic (SBC) reservoir in the Wilmington field, Los Angeles Co., Calif. Through September 2001, project work has been completed on the following activities: data preparation; basic reservoir engineering; developing a deterministic three dimensional (3-D) geologic model, a 3-D deterministic reservoir simulation model and a rock-log model; well drilling and completions; and surface facilities on the Fault Block II-A Tar Zone (Tar II-A). Work is continuing on research to understand the geochemistry and process regarding the sand consolidation well completion technique, final reservoir tracer work, operational work and research studies to prevent thermal-related formation compaction in the Tar II-A steamflood area, and operational work on the Tar V steamflood pilot and Tar II-A post-steamflood projects. The project team spent the Fourth Quarter 2001 performing routine well work and reservoir surveillance on the Tar II-A post-steamflood and Tar V pilot steamflood projects. The Tar II-A post-steamflood operation started in February 1999 and steam chest fillup occurred in September-October 1999. The targeted reservoir pressures in the ''T'' and ''D'' sands are maintained at 90 {+-} 5% hydrostatic levels by controlling water injection and gross fluid production and through the bimonthly pressure monitoring program enacted at the start of the post-steamflood phase. The project team ramped up well work activity from October 2000 through November 2001 to increase production and injection. In December, water injection well FW-88 was plug and abandoned and replaced by new well FW-295 into the ''D'' sands to accommodate the Port of Long Beach at their expense. Well workovers are planned for 2002 as described in the Operational Management section. Expanding thermal recovery operations to other sections of the Wilmington Oil Field, including the Tar V horizontal well pilot steamflood project, is a critical part of the City of Long Beach and Tidelands Oil Production Company's development strategy for the field. The steamflood operation in the Tar V pilot project is mature and profitable. Recent production performance is below projections because of wellbore mechanical limitations that were being addressed in 2001. As the fluid production is hot, the pilot steamflood was converted to a hot waterflood project in June 2001.

Scott Hara

2002-01-31T23:59:59.000Z

460

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES  

SciTech Connect

The project involves using advanced reservoir characterization and thermal production technologies to improve thermal recovery techniques and lower operating and capital costs in a slope and basin clastic (SBC) reservoir in the Wilmington field, Los Angeles Co., Calif. Through June 2001, project work has been completed on the following activities: data preparation; basic reservoir engineering; developing a deterministic three dimensional (3-D) geologic model, a 3-D deterministic reservoir simulation model and a rock-log model; well drilling and completions; and surface facilities on the Fault Block II-A Tar Zone (Tar II-A). Work is continuing on research to understand the geochemistry and process regarding the sand consolidation well completion technique, final reservoir tracer work, operational work and research studies to prevent thermal-related formation compaction in the Tar II-A steamflood area, and operational work on the Tar V steamflood pilot and Tar II-A post-steamflood projects. The project team spent the Third Quarter 2001 performing well work and reservoir surveillance on the Tar II-A post-steamflood project. The Tar II-A post-steamflood operation started in February 1999 and steam chest fillup occurred in September-October 1999. The targeted reservoir pressures in the ''T'' and ''D'' sands are maintained at 90 {+-} 5% hydrostatic levels by controlling water injection and gross fluid production and through the bimonthly pressure monitoring program enacted at the start of the post-steamflood phase. The project team ramped up well work activity from October 2000 to September 2001 to increase production and injection. This work will continue through 2001 as described in the Operational Management section. Expanding thermal recovery operations to other sections of the Wilmington Oil Field, including the Tar V horizontal well pilot steamflood project, is a critical part of the City of Long Beach and Tidelands Oil Production Company's development strategy for the field. The current steamflood operations in the Tar V pilot are economical, but recent performance is below projections because of wellbore mechanical limitations that are being addressed in 2001.

Scott Hara

2001-11-01T23:59:59.000Z

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461

INCREASING HEAVY OIL RESERVES IN THE WILMINGTON OIL FIELD THROUGH ADVANCED RESERVOIR CHARACTERIZATION AND THERMAL PRODUCTION TECHNOLOGIES  

SciTech Connect

The project involves using advanced reservoir characterization and thermal production technologies to improve thermal recovery techniques and lower operating and capital costs in a slope and basin clastic (SBC) reservoir in the Wilmington field, Los Angeles Co., CA. Through March 2001, project work has been completed on the following activities: data preparation; basic reservoir engineering; developing a deterministic three dimensional (3-D) geologic model, a 3-D deterministic reservoir simulation model and a rock-log model; well drilling and completions; and surface facilities on the Fault Block II-A Tar Zone (Tar II-A). Work is continuing on research to understand the geochemistry and process regarding the sand consolidation well completion technique, final reservoir tracer work, operational work and research studies to prevent thermal-related formation compaction in the Tar II-A steamflood area, and operational work on the Tar V steamflood pilot and Tar II-A post-steamflood projects. The project team spent the Second Quarter 2001 performing well work and reservoir surveillance on the Tar II-A post-steamflood project. The Tar II-A steamflood reservoirs have been operated over fifteen months at relatively stable pressures, due in large part to the bimonthly pressure monitoring program enacted at the start of the post-steamflood phase in January 1999. Starting in the Fourth Quarter 2000, the project team has ramped up activity to increase production and injection. This work will continue through 2001 as described in the Operational Management section. Expanding thermal recovery operations to other sections of the Wilmington Oil Field, including the Tar V horizontal well pilot steamflood project, is a critical part of the City of Long Beach and Tidelands Oil Production Company's development strategy for the field. The current steamflood operations in the Tar V pilot are economical, but recent performance is below projections because of wellbore mechanical limitations that are being addressed in 2001. Much of the second quarter was spent writing DOE annual and quarterly reports to stay current with contract requirements.

Scott Hara

2001-05-08T23:59:59.000Z

462

Pricey Oil, Cheap Natural Gas, and Energy Costs  

E-Print Network (OSTI)

Historically, oil and natural gas prices have moved hand in hand. However, in the past few years, while oil prices climbed to near record peaks, natural gas prices fell to levels not seen since the mid-1970s as a result of new hydraulic fracturing technology. U.S. consumer energy expenditures are still mainly driven by oil prices, so household energy bills got little relief as natural gas prices fell. Moreover, even though the United States has trimmed crude oil imports, they still equal a substantial share of gross domestic product. The price of oil approached record high levels earlier this year. At the same time though, natural gas prices reached their lowest level since the mid-1970s, as Figure 1 shows. How has this price divergence affected U.S. consumer energy costs? Have households and businesses moved away from expensive oil to cheaper natural gas to meet their energy needs? In this Economic Letter, we examine the extent to which U.S. consumers already have benefited by substituting natural gas for oil, and how much they potentially stand to gain if they were to continue to do so. We also analyze recent trends in domestic crude oil production and imports in order to grasp how much the United States pays foreign producers for oil. Oil prices neared historically high levels earlier this year. From December 2008 to their recent peak in March 2012, Brent crude prices more than tripled. This included a 28 % jump during the first four months of 2011, when oil prices responded to Middle East oil supply disruptions by climbing to $124 per barrel. It also includes a 17 % increase in the first three months of 2012. Since that peak, crude oil prices have dropped 25%. But they are still up 137 % from their most recent low in December 2008. By contrast, since January 2010, natural gas fell from $5.67 per thousand cubic feet to $2.42, or 57%, thanks in large part to the growing use of hydraulic fracturing technology. This divergence in oil and natural gas prices is unprecedented in magnitude and duration. Moreover, it is expected to persist throughout the year, according to prices in the futures market.

Hale; Fernanda Nechio

2012-01-01T23:59:59.000Z

463

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

464

The impact of fuel price volatility on transportation mode choice.  

E-Print Network (OSTI)

??In recent years, the price of oil has driven large fluctuations in the price of diesel fuel, which is an important cost component in freight… (more)

Nsiah-Gyimah, Michael

2009-01-01T23:59:59.000Z

465

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

466

Crude Existence: The Politics of Oil in Northern Angola  

E-Print Network (OSTI)

tion. A drop in world oil prices, coupled with a decrease indisbursements declined and oil prices dropped sharply inThe drastic drop in oil prices and further agricultural

Reed, Kristin

2009-01-01T23:59:59.000Z

467

Establishment of an oil and gas database for increased recovery and characterization of oil and gas carbonate reservoir heterogeneity  

SciTech Connect

The objectives of this project are to augment the National Reservoir Database (TORIS database) and to increase our understanding of geologic heterogeneities that affect the recoveries of oil and gas from carbonate reservoirs in the State of Alabama and to identify those resources that are producible at moderate cost. These objectives will be achieved through detailed geological, engineering, and geostatistical characterization of typical Jurassic Smackover Formation hydrocarbon reservoirs in selected productive fields in the State of Alabama. The results of these studies will be used to develop and test mathematical models for prediction of the effects of reservoir heterogeneities in hydrocarbon production. Work to date has focused on the completion of Subtasks 1, 2, and 3. Subtask 1 included the survey and tabulation of available reservoir engineering and geological data relevant to the Smackover reservoir in southwestern Alabama. Subtask 2 comprises the geological and engineering characterization of Smackover reservoir lithofacies. This has been accomplished through detailed examination and analysis of geophysical well logs, core material, well cuttings, and well-test data from wells penetrating Smackover reservoirs in southwestern Alabama. From these data, reservoir heterogeneities, such as lateral and vertical changes in lithology, porosity, permeability, and diagenetic overprint, have been recognized and used to produce maps, cross sections, graphs, and other graphic representations to aid in interpretation of the geologic parameters that affect these reservoirs. Subtask 3 includes the geologic modeling of reservoir heterogeneities for Smackover reservoirs. This research has been based primarily on the evaluation of key geologic and engineering data from selected Smackover fields. 1 fig.

Mancini, E.A.

1990-01-01T23:59:59.000Z

468

Prices, taxes around the world - And why. Annual survey results  

SciTech Connect

On a world average basis, gasoline and diesel No. 2 prices to consumers declined modestly between January 1991 and January 1992, Energy Detente's survey finds. The drops were in response to falling crude oil prices that followed the conclusion of the Persian Gulf War. Demand increases in 1991, where they occurred, are expected to continue in the short term. This issue details price changes by country and highlights causes in selected countries. Sizable oil-consumption declines in the former USSR and Eastern Bloc countries mask substantial increases among European member nations of OECD. This issue also presents the following: (1) the ED Refining Netback Data Series for the US Gulf and West Coasts, Rotterdam, and Singapore as of May 15, 1992; and (2) the ED Fuel Price/Tax Series for countries of the Western Hemisphere, May 1992 Edition.

Not Available

1992-05-28T23:59:59.000Z

469

As the world economy continues to expand the demand for petroleum based fuel increases and the price of these fuels rises  

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

4 4 Structural Studies of Catalytically Stabilized Industrial Hydrotreating Catalysts Myriam Perez De la Rosa 1 , Gilles Berhault 2 , Apurva Mehta 3 , Russell R. Chianelli 1 1 University of Texas at El Paso, Materials Research Technology Institute, El Paso, TX 2 Institut de Recherches sur la Catalyse, CNRS, Villeurbanne cedex, France 3 Stanford Synchrotron Radiation Laboratory, Menlo Park, CA Figure 1: MoS 2 layered structure. As the world economy continues to expand the demand for petroleum based fuel increases and the price of these fuels rises. The rising price of fuel has another consequence: refiners tend to purchase cheaper fuels of poorer quality. These poor quality fuels contain increasing amounts of sulfur and other pollutants leading to a decline

470

Domestic fuel price and the Nigerian macroeconomy  

Science Journals Connector (OSTI)

This study examined empirically a one-to-one nexus between domestic fuel price and various macroeconomic variables in Nigeria for the period spanning 1986 to 2011. The study adopted both a vector auto-regressive (VAR) and a vector error correction (VEC) models for appropriate analysis. For pairs of variables that are integrated of the same order but not co-integrated, the VAR model revealed that a unidirectional causation exist from domestic fuel price to short term interest rate while for the pair of variables that are integrated of the same order and are co-integrated the VEC model revealed the existence of causality from domestic fuel price to inflation rate in the long run and in the short run. The study recommended that serious caution should be taking by the government on domestic fuel price increase especially in an attempt to remove fuel subsidy and deregulate the downstream sector of the oil industry.

Philip Ifeakachukwu Nwosa

2012-01-01T23:59:59.000Z

471

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.

472

Carbon Price Drivers:Carbon Price Drivers:Carbon Price Drivers:Carbon Price Drivers: AAAAnnnn UpdatedUpdatedUpdatedUpdated Literature ReviewLiterature ReviewLiterature ReviewLiterature Review  

E-Print Network (OSTI)

, such as unexpected fluctuations in energy demand, energy prices (e.g., oil, gas, coal) and weather conditions1 Carbon Price Drivers:Carbon Price Drivers:Carbon Price Drivers:Carbon Price Drivers: AAAAnnnn the factors that shape the price of carbon, where one European Union Allowance is equal to one ton of CO2

Paris-Sud XI, Université de

473

Microsoft Word - gas price fact sheet.doc  

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

the prices seem to have spiked recently, the issues leading to the increase have been the prices seem to have spiked recently, the issues leading to the increase have been decades in the making. Our nation's refining capacity has been stagnant for thirty years, we have limited our options to increase domestic supply, and we depend more and more on foreign sources of oil that are becoming increasingly scarce because of rising demand in other countries like China and India. ♦ The energy bill just signed by the president last summer has helped us start to turn the corner and lead us in the right direction. The energy bill supports development of more oil and gas reserves here at home and in addition, and will help us develop new technologies to fuel our transportation needs like hydrogen fuel cell cars. ♦ In the coming months, we may continue to see high prices due to increased demand as the

474

U.S. Crude Oil Inventory Outlook  

Gasoline and Diesel Fuel Update (EIA)

9 9 Notes: Consistent with OECD inventories, U.S. inventories are low. They have been well below the normal range for over one year. Crude oil stocks in the United States, while tending to increase of late toward more normal levels, remain well below average. At the end of December, crude oil stocks were near 289 million barrels, about 4% below the 5-year average, and slightly higher than at the end of 1999. The latest weekly data, for the week ending January 19, show U.S. crude oil stocks at 286 million barrels, just about a million barrels above their level a year ago. Near-term tightness in U.S. crude oil markets have kept current prices above forward prices, reflecting current strength in crude oil demand relative to supply. Relatively strong U.S. oil demand next year should keep crude oil

475

Historical changes in US dollar exchange rate and real value of oil  

SciTech Connect

Oil prices relative to world currencies are now at unprecedented lows, as shown by a price analysis that incorporates the effect of US dollar exchange rates on the value of oil. A commodity-based analysis corroborates this exchange-rate analysis. The value of oil today on world markets is even below its 1969 level (the nadir of the previous oil bust). The inflation-corrected price of oil (using the producer price index) in the US has increased 130% since 1969. However, the US dollar has lost over 40% of its value relative to G-7 currencies since abandonment of the Bretton Woods agreement in 1971. Therefore, the real value of oil an international markets is 20% below its 1969 level. Since 1988 alone, the dollar has lost 16% relative to the G-7 currencies. Oil producing countries are taking extreme revenue cuts caused by the eroding US dollar.

DeMis, W.D. (Marathon Oil Co., Midland, TX (United States))

1996-01-01T23:59:59.000Z

476

Historical changes in US dollar exchange rate and real value of oil  

SciTech Connect

Oil prices relative to world currencies are now at unprecedented lows, as shown by a price analysis that incorporates the effect of US dollar exchange rates on the value of oil. A commodity-based analysis corroborates this exchange-rate analysis. The value of oil today on world markets is even below its 1969 level (the nadir of the previous oil bust). The inflation-corrected price of oil (using the producer price index) in the US has increased 130% since 1969. However, the US dollar has lost over 40% of its value relative to G-7 currencies since abandonment of the Bretton Woods agreement in 1971. Therefore, the real value of oil an international markets is 20% below its 1969 level. Since 1988 alone, the dollar has lost 16% relative to the G-7 currencies. Oil producing countries are taking extreme revenue cuts caused by the eroding US dollar.

DeMis, W.D. [Marathon Oil Co., Midland, TX (United States)

1996-12-31T23:59:59.000Z

477

Effects of increasing filing fees for noncompetitive onshore oil and gas leases  

SciTech Connect

The Government Accounting Office (GAO) examined the impact of increasing the fee charged to applicants for noncompetitive onshore oil and gas leases from $25.00 to $75.00. Interior believes the increased filing fee will: (1) reduce casual speculation and multiple filings, thereby reducing fraud potential, development delays caused by assignments, and administrative burden; and (2) generate significant additional revenue. Interior's analysis is, of necessity, based largely on conjecture, but the possibility that the positive results foreseen may not materialize to the degree projected cannot be ruled out. For example, while it is likely that the $75 fee will generate additional revenue over what was obtainable under either the $10 or $25 rate, Interior's projections of at least a million filings annually and $150 million in revenues are far from certain. GAO was also unable in the time available to determine the degree to which the problems the Department desires to overcome exist, or that they will be resolved through a fee increase. Results suggest that: reducing the number of filings is not necessarily the total or only solution to reducing the administrative burden; the casual speculator is not having that great an adverse effect on development, and in fact has certain positive aspects; and the true extent of fraud in the SOG may not be as great as initially supposed. In addition, there are possible adverse effects that may not have been fully considered. For example, the increased filing fee, when coupled with the increased rental, could adversely affect industry's exploration activities, particularly that of the smaller independent. GAO suggests, now that the increase is in effect, that the Interior Department and the Congress closely watch the results, and be prepared to take remedial action if deemed necessary.

Not Available

1982-03-19T23:59:59.000Z

478

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.

479

Retail Motor Gasoline Prices*  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: Gasoline pump prices have backed down from the high prices experienced last summer and fall. The retail price for regular motor gasoline fell 11 cents per gallon from September to December. However, with crude oil prices rebounding somewhat from their December lows combined with lower than normal stock levels, we project that prices at the pump will rise modestly as the 2001 driving season begins this spring. For the summer of 2001, we expect only a little difference from the average price of $1.50 per gallon seen during the previous driving season, as motor gasoline stocks going into the driving season are projected to be slightly less than they were last year. The situation of relatively low inventories for gasoline could set the stage for some regional imbalances in supply that could once again

480

prices | OpenEI  

Open Energy Info (EERE)

prices prices 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 12, and contains only the reference case. The dataset uses 2009 dollars per gallon. The data is broken down into crude oil prices, residential, commercial, industrial, transportation, electric power and refined petroleum product prices. Source EIA Date Released April 26th, 2011 (3 years ago) Date Updated Unknown Keywords 2011 AEO EIA Petroleum prices Data application/vnd.ms-excel icon AEO2011: Petroleum Product Prices- Reference Case (xls, 129.9 KiB) Quality Metrics Level of Review Peer Reviewed Comment Temporal and Spatial Coverage Frequency Annually Time Period 2008-2035

Note: This page contains sample records for the topic "oil prices increased" 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

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

482

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

483

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

484

Average Commercial Price  

Annual Energy Outlook 2012 (EIA)

Pipeline and Distribution Use Price Citygate Price Residential Price Commercial Price Industrial Price Vehicle Fuel Price Electric Power Price Proved Reserves as of 1231 Reserves...

485

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

486

Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand  

E-Print Network (OSTI)

demand shocks. Since gasoline demand and oil price areto gasoline demand shocks. In Venezuela, a strike by oildemand is likely correlated with the prices of other refinery outputs via the price of oil.

Hughes, Jonathan; Knittel, Christopher R; Sperling, Dan

2007-01-01T23:59:59.000Z

487

The Story of Stumpage Stumpage Prices \\iJ~,.~,,...... B~  

E-Print Network (OSTI)

high-quality yellow birch inventory. SOFTWOOD SAWTIMBER: Softwoods are predominately used in structural of fossil fuels,particularly No.2fuel oil. (The price of firewood rises as fuel oil prices in

488

The impact of fuel price volatility on transportation mode choice  

E-Print Network (OSTI)

In recent years, the price of oil has driven large fluctuations in the price of diesel fuel, which is an important cost component in freight logistics. This thesis explores the impact of fuel price volatility on supply ...

Kim, Eun Hie

2009-01-01T23:59:59.000Z

489

MTBE Prices Responded to Natural Gas Prices  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: On top of the usual factors impacting gasoline prices, natural gas has had some influence recently. MTBE is an oxygenate used in most of the RFG consumed in the U.S. Generally, it follows gasoline prices and its own supply/demand balance factors. But this winter, we saw it respond strongly to natural gas prices. MTBE is made from methanol and isobutylene, which in turn come from methane and butane. Both methane and butane come from natural gas streams. Until this year, the price of natural gas has been so low that it had little effect. But the surge that occurred in December and January pulled MTBE up . Keep in mind that about 11% MTBE is used in a gallon of RFG, so a 30 cent increase in MTBE is only about a 3 cent increase in the price of RFG. While we look ahead at this summer, natural gas prices should be

490

PriceTechNotes2012.vp  

Gasoline and Diesel Fuel Update (EIA)

Data: Data: Prices and Expenditures 135 A P P E N D I X A Price and Expenditure Variables ARICD Asphalt and road oil price in the industrial Dollars per million Btu ARICDZZ is independent. sector. ARICDUS = ARICVUS / ARICBUS * 1000 ARICV Asphalt and road oil expenditures in the Million dollars ARICVZZ = ARICBZZ * ARICDZZ / 1000 industrial sector. ARICVUS = SARICVZZ ARTCD Asphalt and road oil average price, all sectors. Dollars per million Btu ARTCD = ARICD ARTCV Asphalt and road oil total expenditures. Million dollars ARTCV = ARICV ARTXD Asphalt and road oil average price, all end-use Dollars per million Btu ARTXD = ARTXV / ARTXB * 1000 sectors. ARTXV Asphalt and road oil total end-use expenditures. Million dollars ARTXV = ARICV AVACD Aviation gasoline price in the transportation Dollars per million Btu AVACDZZ is independent. sector. AVACDUS = AVACVUS / AVACBUS * 1000 AVACV Aviation gasoline expenditures

491

PriceTechNotes2011.vp  

Gasoline and Diesel Fuel Update (EIA)

Data Data 2011: Prices and Expenditures 135 A P P E N D I X A Price and Expenditure Variables ARICD Asphalt and road oil price in the industrial Dollars per million Btu ARICDZZ is independent. sector. ARICDUS = ARICVUS / ARICBUS * 1000 ARICV Asphalt and road oil expenditures in the Million dollars ARICVZZ = ARICBZZ * ARICDZZ / 1000 industrial sector. ARICVUS = SARICVZZ ARTCD Asphalt and road oil average price, all sectors. Dollars per million Btu ARTCD = ARICD ARTCV Asphalt and road oil total expenditures. Million dollars ARTCV = ARICV ARTXD Asphalt and road oil average price, all end-use Dollars per million Btu ARTXD = ARTXV / ARTXB * 1000 sectors. ARTXV Asphalt and road oil total end-use expenditures. Million dollars ARTXV = ARICV AVACD Aviation gasoline price in the transportation Dollars per million Btu AVACDZZ is independent. sector. AVACDUS = AVACVUS / AVACBUS * 1000 AVACV Aviation gasoline

492

Oil Dependencies and Peak Oil's Effects on Oil Consumption.  

E-Print Network (OSTI)

?? During the year of 2007, the world has experienced historically high oil prices both in nominal and in real terms, which has reopened discussions… (more)

Tekin, Josef

2007-01-01T23:59:59.000Z

493

Rising household diesel consumption in the United States: A cause for concern? Evidence on asymmetric pricing  

Science Journals Connector (OSTI)

Papers in the literature have thus far overlooked the projected increase in U.S. diesel car share when looking at asymmetries in petroleum pricing. This paper addresses this issue by comparing retail gasoline and diesel prices in order to see whether they rise faster than they fall given the price of their upstream input, crude oil. This phenomenon has been termed in the literature as “Rockets and Feathers.” We apply the threshold vector error correction model (TVECM) of Hansen and Seo (2002) which has not yet been applied in the literature. We account for the 2008 structural break to crude oil and petroleum prices by splitting the sample using evidence from the recent structural break unit root test of Kim and Perron (2009). Both markets seem to price symmetrically before the 2008 break, but we find evidence of asymmetric pricing after 2008 in diesel prices, and not in gasoline prices. Given that the diesel market is small relative to the gasoline market and therefore more open to price exploitation, the ongoing cost increases associated with the policy of switching to Ultra Low Sulphur diesel (ULSD) from 2006 to 2010 could be at the heart of this asymmetry. With this in mind, the U.S. Federal Trade Commission should monitor diesel prices as the market share grows, in order to ensure that consumers are not adversely affected.

Jack Fosten

2012-01-01T23:59:59.000Z

494

Dynamic spillovers among major energy and cereal commodity prices  

Science Journals Connector (OSTI)

Abstract Over the past decade, the sharp increases in the prices of oil and agricultural commodities have raised serious concerns about the heightened volatility of these markets and the possible negative interactions between them. This article deals with the dynamic return and volatility spillovers across international energy and cereal commodity markets. It also examines the impacts of three types of OPEC news announcements on the volatility spillovers and persistence in these markets. For this purpose, we make use of the VAR-BEKK-GARCH and VAR-DCC-GARCH models for the daily spot prices of eight major commodities including WTI oil, Europe Brent oil, gasoline, heating oil, barley, corn, sorghum, and wheat. Our results provide evidence of significant linkages between these energy and cereal markets. Moreover, the OPEC news announcements are found to exert influence on the oil markets as well as on the oil–cereal relationships. Finally, we show that the persistence of volatility decreases (increases) for the crude oil and heating oil (gasoline) returns after accounting for the OPEC announcements in these multivariate GARCH models. However, the results are more mixed for the cereal markets. Overall, our results can be used to improve the risk-adjusted performance by having more diversified portfolios and also serve to hedge the oil risk more effectively.

Walid Mensi; Shawkat Hammoudeh; Duc Khuong Nguyen; Seong-Min Yoon

2014-01-01T23:59:59.000Z

495

Today in Energy - Daily Prices - Prices - U.S. Energy Information  

Gasoline and Diesel Fuel Update (EIA)

December 20, 2013Daily Prices December 20, 2013Daily Prices Daily wholesale and retail prices for various energy products are shown below, including spot prices and select futures prices at national or regional levels. Prices are updated each weekday (excluding federal holidays), typically between 7:30 and 8:30 a.m. This page is meant to provide a snapshot of selected daily prices only. Prices are republished by EIA with permission as follows: Wholesale Spot Petroleum Prices from Thomson Reuters, Retail Petroleum Prices from AAA Fuel Gauge Report, Prompt-Month Energy Futures from CME Group, and Select Spot Prices from SNL Energy. Daily Prices Wholesale Spot Petroleum Prices, 12/19/13 Close Product Area Price Percent Change* Crude Oil ($/barrel) WTI 98.40 +0.8 Brent 110.78 +1.1 Louisiana Light 108.27 +4.9

496

DOE-Sponsored Project Tests Novel Method to Increase Oil Recovery  

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

Successful laboratory tests at the Energy Department’s National Energy Technology Laboratory (NETL) have verified that the use of a brine-soluble ionic surfactant could improve the efficiency of carbon dioxide enhanced oil recovery (CO2-EOR).

497

Three Percent Dietary Fish Oil Concentrate Increased Efficacy of Doxorubicin Against MDA-MB 231 Breast Cancer Xenografts  

Science Journals Connector (OSTI)

...described previously (38) . Fields containing a single layer of...6% explanation for a total cumulative explanation of 96% of the...FOC diet by increasing the production of GPX and CAT resulting in...of mice fed 19% w/w fish oil for 6 months. Our results...

W. Elaine Hardman; C. P. Reddy Avula; Gabriel Fernandes; and Ivan L. Cameron

2001-07-01T23:59:59.000Z

498

Consumer Prices During  

Gasoline and Diesel Fuel Update (EIA)

City Gate City Gate City gate prices represent the total cost paid by gas distribu- tion companies for gas received at the point where the gas is physically transferred from a pipeline company or trans- mission system. This price is intended to reflect all charges for the acquisition, storage, and transportation of gas as well as other charges associated with the LDC's obtaining the gas for sale to consumers. Prices paid at the city gate by local distribution companies rose substantially between 1995 and 1996, climbing from $2.78 per thousand cubic feet to $3.27, an increase of 18 percent. Residential Residential consumers pay the highest price for natural gas. It increased to $6.34 per thousand cubic feet from the 1995 price of $6.06 per thousand cubic feet. However, the 1996 price was 1 percent lower than the 1994 price. In recent years, only modest changes in constant dollars have been

499

Game theory analysis of aircraft manufacturer innovation strategies in the face of increasing airline fuel costs  

E-Print Network (OSTI)

The air transportation system is a vital infrastructure that enables economic growth and provides significant social benefits. Future increases and volatility in crude oil prices, as well as environmental charges, are ...

Morrison, James K. D. (James Kelley Douglas)

2011-01-01T23:59:59.000Z

500

Establishment of an oil and gas database for increased recovery and characterization of oil and gas carbonate reservoir heterogeneity. [Jurassic Smackover Formation  

SciTech Connect

This volume contains maps, well logging correlated to porosity and permeability, structural cross section, graph of production history, porosity vs. natural log permeability plot, detailed core log, paragenetic sequence and reservoir characterization sheet of the following fields in southwest Alabama: Appleton oil field; Barnett oil field; Barrytown oil field; Big Escambia Creek gas and condensate field; Blacksher oil field; Broken Leg Creed oil field; Bucatunna Creed oil field; Chappell Hill oil field; Chatom gas and condensate field; Choctaw Ridge oil field; Chunchula gas and condensate field; Cold Creek oil field; Copeland gas and condensate field; Crosbys Creed gas and condensate field; and East Barnett oil field. (AT)

Kopaska-Merkel, D.C.; Moore, H.E. Jr.; Mann, S.D.; Hall, D.R.

1992-06-01T23:59:59.000Z