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1

Oils and Fats World Market Update 2011  

Science Conference Proceedings (OSTI)

Archive of the Oils and Fats World Market Update 2011 Oils and Fats World Market Update 2011 Izmir, Turkey Oils and Fats World Market Update 2011 ...

2

Oils and Fats World Market Update 2013  

Science Conference Proceedings (OSTI)

Archive of AOCS Oils and Fats World Market Update 2013 Oils and Fats World Market Update 2013 Kiev, Ukraine Oils and Fats World Market Update 2013 ...

3

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

4

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 spike in the summer of 2008, and what role did speculators play? Any attempt to answer these questions must be informed and disciplined by economics. Such is the purpose of this essay: to illuminate recent developments in the world oil market from the perspective of economic theory.

James L. Smith; James L. Smith; Larry Debrock; Dwight Lee; John Parsons

2009-01-01T23:59:59.000Z

5

2 World Oil Market  

E-Print Network (OSTI)

www.eia.gov Crude oil prices react to a variety of geopolitical and economic events price per barrel (real 2010 dollars, quarterly average) 140 120 imported refiner acquisition cost of crude oil WTI crude oil price Global financial collapse 100 80 60 U.S. spare capacity exhausted Iran-Iraq War Saudis abandon swing producer role Asian financial crisis 9-11 attacks Low spare capacity

Adam Sieminski Administrator; Adam Sieminski; Adam Sieminski

2012-01-01T23:59:59.000Z

6

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.

7

International Energy Outlook 2001 - World Oil Markets  

Gasoline and Diesel Fuel Update (EIA)

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

8

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

9

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.

10

Ten-year retrospective: OPEC and the world oil market  

Science Conference Proceedings (OSTI)

This paper reviews the main events in the world oil market since 1973 and some major explanations as to what happened and why (Section I). Then there is a discussion of some projections for the next two decades and of some implications of various theories about OPEC's decisionmaking process (Section II). Section III summarizes what we have learned about modeling OPEC and the world oil market. This includes: the dominant theoretical approach based on the wealth-maximization model of Harold Hotelling (1931); the simulation approach most common in the applied literature, which envisages target-capacity-utilization pricing by OPEC; and the difficult problem of modeling price behavior during disruptions. Finally, Section IV discusses some important unresolved issues, both theoretical and empirical. A variety of contributions to the literature are considered, but the discussion pays special attention to two important recent works. One is the book OPEC Behavior and World Oil Prices (1982) (EAPA 9:3899) edited by James Griffin and David Teece, an important collection of papers on OPEC and world oil, prepared for a 1981 conference at the University of Houston. The other is the 1980 to 1981 world oil study by the Energy Modeling Forum of Stanford Univesity, which involved ten prominent models of the world oil market. 31 references.

Gately, D.

1984-09-01T23:59:59.000Z

11

Who Are the Major Players Supplying the World Oil Market?  

Reports and Publications (EIA)

Energy in Brief article on the world supply of oil through ownership of national oil companies and, for some governments, their membership in OPEC.

Information Center

2012-03-15T23:59:59.000Z

12

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

13

Olive Oil: Chemistry and Technology, 2nd EditionChapter 3 Olive Oil in the World Market  

Science Conference Proceedings (OSTI)

Olive Oil: Chemistry and Technology, 2nd Edition Chapter 3 Olive Oil in the World Market Food Science Health Nutrition Biochemistry Processing eChapters Food Science & Technology Health - Nutrition - Biochemistry Processing Press

14

The world oil market and OPEC behavior: The leak-producer price leader model  

SciTech Connect

This is an economic study of the world's oil market in which OPEC plays the central role in determining the oil supply and price. Understanding OPEC's behavior is at the core of understanding the world's oil market. However, oil is a resource belonging to the family of natural resources known as exhaustible. We do not produce oil; we only extract and distribute a fixed amount of the resource over generations. Optimal extraction is a matter of concern to both suppliers and consumers. First, it is shown that using the traditional theory of producers behavior in the conventional commodity markets to explain extractors behavior in exhaustible resource markets is completely wrong. Second, current models of OPEC behavior are reviewed. Third, an alternative model is introduced. Previous authors have not directed their models to give explanations to the peculiar observations in oil market. This model divides the world's oil suppliers into: the free riders (non-OPEC oil producers), the OPEC hawks (a group within OPEC) and the leak-producer price leader (Saudi Arabia). Three factors, namely relatively big oil reserves, no other sources of income, and the avoidance of the so-called backstop technology make Saudi Arabia more interested in lower oil prices than are other oil extractors.

Aboalela, A.A.

1988-01-01T23:59:59.000Z

15

The social costs to the US of monopolization of the world oil market, 1972--1991  

SciTech Connect

The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the economies of the world. This paper reports estimates of the costs of monopolization of oil to the US over the period 1972--1991. Two fundamental assumptions of the analysis are, (1) that OPEC has acted as a monopoly, albeit with limited control, knowledge, and ability to act and, (2) that the US and other consuming nations could, through collective (social) action affect the cartel's ability to act as a monopoly. We measure total costs by comparing actual costs for the 1972--1991 period to a hypothetical more competitive'' world oil market scenario. By measuring past costs we avoid the enormous uncertainties about the future course of the world oil market and leave to the reader's judgment the issue of how much the future will be like the past. We note that total cost numbers cannot be used to determine the value of reducing US oil use by one barrel. They are useful for describing the overall size of the petroleum problem and are one important factor in deciding how much effort should be devoted to solving it. Monopoly pricing of oil transfers wealth from US oil consumers to foreign oil producers and, by increasing theeconomic scarcity of oil, reduces the economy's potential to produce. The actions of the OPEC cartel have also produced oil price shocks, both upward and downward, that generate additional costs because of the economy's inherent inability to adjust quickly to a large change in energy prices. Estimated total costs to the United States from these three sources for the 1972--1991 period are put at $4.1 trillion in 1990$($1.2 T wealth transfer, $0.8 T macroeconomic adjustment costs, $2.1 T potential GNP losses). The cost of the US's primary oil supply contingency program is small ($10 B) by comparison.

Greene, D.L.; Leiby, P.N.

1993-03-01T23:59:59.000Z

16

The social costs to the US of monopolization of the world oil market, 1972--1991  

SciTech Connect

The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the economies of the world. This paper reports estimates of the costs of monopolization of oil to the US over the period 1972--1991. Two fundamental assumptions of the analysis are, (1) that OPEC has acted as a monopoly, albeit with limited control, knowledge, and ability to act and, (2) that the US and other consuming nations could, through collective (social) action affect the cartel`s ability to act as a monopoly. We measure total costs by comparing actual costs for the 1972--1991 period to a hypothetical ``more competitive`` world oil market scenario. By measuring past costs we avoid the enormous uncertainties about the future course of the world oil market and leave to the reader`s judgment the issue of how much the future will be like the past. We note that total cost numbers cannot be used to determine the value of reducing US oil use by one barrel. They are useful for describing the overall size of the petroleum problem and are one important factor in deciding how much effort should be devoted to solving it. Monopoly pricing of oil transfers wealth from US oil consumers to foreign oil producers and, by increasing theeconomic scarcity of oil, reduces the economy`s potential to produce. The actions of the OPEC cartel have also produced oil price shocks, both upward and downward, that generate additional costs because of the economy`s inherent inability to adjust quickly to a large change in energy prices. Estimated total costs to the United States from these three sources for the 1972--1991 period are put at $4.1 trillion in 1990$($1.2 T wealth transfer, $0.8 T macroeconomic adjustment costs, $2.1 T potential GNP losses). The cost of the US`s primary oil supply contingency program is small ($10 B) by comparison.

Greene, D.L.; Leiby, P.N.

1993-03-01T23:59:59.000Z

17

Structure of the world oil market and the role of OPEC  

SciTech Connect

OPEC members have long been suspected of acting collusively in the market and the object of this dissertation is to estimate the degree of interdependence or the degree of collusion among the large producers in OPEC by analyzing their past output behavior. It is assumed that the oil industry in the non-Communist part of the world consists of a group of small producers acting as price takers and a group of large producers in OPEC setting the price in the market. Large producers may collude or act independently. In order to achieve the objective, a Nash-Cournot non-cooperative model of the world oil market is developed. This model assumes that the world oil industry is composed of a group of small producers acting as price takers (the fringe) and a group of large producers acting independently in the market. Each large producer maximizes his own sum of discounted profits while taking the sales paths of other large producers as well as the sales path of the fringe as given. The solution of the model leads to the optimal production path for an independent large producer, who operates in a market consisting of n independent large producers. This optimal production path, however, is applicable to individual large producers only if they all act independently in the market. Therefore, this optimal production path is modified into a general equation representing the optimal production path for an individual large producer in OPEC, whether he acts independently or colludes with other large producers.

Najafizadeh, A.

1985-01-01T23:59:59.000Z

18

Coming revolution in world oil markets. [Abetted by conservation, fuel substitution, and better technologies  

SciTech Connect

Dr. Singer feels that a revolution will take place in the world oil market provided government does not enact counterproductive policies, but stands aside to let market forces achieve their inevitable results. He observes that by the end of this decade, and certainly in the 1990s, the free world may require less than half of the oil it uses today - some 20 million barrels per day (mbd) instead of 50 mbd. However, some 75% of this oil, instead of the current 25%, will be refined into gasoline and other motor fuels, while natural gas, nuclear energy and coal in different forms will substitute for most of the fuel oil to produce heat and steam - generally at much lower cost. Oil has become too expensive to burn, and a major adjustment in world-wide use patterns is overdue. Three factors will bring about these dramatic changes: First, new coal technologies: they make it convenient to replace heavy fuel oil in existing oil-fired boilers. Second, advances in refinery technology: they can produce more light products, gasoline and motor fuels, and less heavy fuel oil from a barrel of crude oil. Third, and above all, the laws of economics: higher oil prices, by themselves, encourage conservation and substitution. In addition, large price differentials between higher-quality light crudes and heavy crudes that normally yield less gasoline put a significant premium on refinery upgrading. And wholesale prices for gasoline are greater and are rising faster than those of residual fuel oil. Squeezing out more gasoline can increase the value of a barrel of crude substantially. Dr. Singer notes that the coming revolution is not generally recognized because many of the demand and supply trends are just emerging. He proceeds to discuss the staggering consequences of such a revolution.

Singer, S.F.

1981-02-04T23:59:59.000Z

19

Travel Notes - World Market Update  

Science Conference Proceedings (OSTI)

Travel notes, air travel, rail travel. Travel Notes - World Market Update Biofuels and Bioproducts and Biodiesel Processing Elearning Olive oil Industry Events Industrial Oil Products Abstracts Program Travel Hotel Short Courses Exhibits Regi

20

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

Note: This page contains sample records for the topic "world oil markets" 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

Ten-year retrospective on OPEC and the world oil market  

Science Conference Proceedings (OSTI)

Following a review of the main events in the world oil market since 1973 and some of the major explanations of what happened and why, the author discusses projections for the next two decades and considers some implications of various theories of how decisions are made by OPEC. This includes the dominant theoretical approach that uses Hotelling's wealth-maximization model, the simulation approach of target-capacity-utilization pricing by OPEC, and the problem of modeling price behavior during disruptions. The final section discusses some of the important unresolved issues, such as supply and demand uncertainties, the best behavior for OPEC, and the dispute over OPEC's significance to events of the past decade. 31 references.

Gately, D.

1983-01-01T23:59:59.000Z

22

The Social Costs to the U.S. of Monopolization of the World Oil Market, 1972-1991  

Science Conference Proceedings (OSTI)

The partial monopolization of the world oil market by the OPEC cartel has produced significant economic costs to the economies of the world. This paper reports estimates of the costs of monopolization of oil to the U.S. over the period 1972-1991. Two fundamental assumptions of the analysis are, (1) that OPEC has acted as a monopoly, albeit with limited control, knowledge, and ability to act and, (2) that the U.S. and other consuming nations could, through collective (social) action affect the cartel's ability to act as a monopoly. We measure total costs by comparing actual costs for the 1972-1991 period to a hypothetical ''more competitive'' world oil market scenario. By measuring past costs we avoid the enormous uncertainties about the future course of the world oil market and leave to the reader's judgment the issue of how much the future will be like the past. We note that total cost numbers cannot be used to determine the value of reducing U.S. oil use by one barrel. They are useful for describing the overall size of the petroleum problem and are one important factor in deciding how much effort should be devoted to solving it. Monopoly pricing of oil transfers wealth from US. oil consumers to foreign oil producers and, by increasing the economic scarcity of oil, reduces the economy's potential to produce. The actions of the OPEC Cartel have also produced oil price shocks, both upward and downward, that generate additional costs because of the economy's inherent inability to adjust quickly to a large change in energy prices. Estimated total costs to the United States from these three sources for the 1972-1991 period are put at $4.1 trillion in 1990$ ($1.2 T wealth transfer, $0.8 T macroeconomic adjustment costs, $2.1 T potential GNP losses). The cost of the US's primary oil supply contingency program is small ($10 B) by comparison.

Greene, D.L.

1993-01-01T23:59:59.000Z

23

Crude Oil, Heating Oil, and Propane Market Outlook  

U.S. Energy Information Administration (EIA)

Table of Contents. Crude Oil, Heating Oil, and Propane Market Outlook. Short-Term World Oil Price Forecast . Price Movements Related to Supply/Demand Balance

24

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

25

World oil flow steady in 1992; stable market ahead for 1993  

SciTech Connect

World crude oil production in 1992 was virtually unchanged from 1991. Production last year averaged 59.96 million b/d, up only 17,000 b/d from 1991. Substantial production declines in the C.I.S. and U.S. were offset by increases among members of the Organization of Petroleum Exporting Countries and a number of other countries outside the OPEC sphere. Figures from the International Energy Agency (IEA) show world demand for petroleum products moved up 300,000 b/d to 66.9 million b/d. This included an addition to stocks of an estimated 1000,000 b/d. IEA predicts world demand will continue to rise in 1993 and OPEC output will advance to meet this higher level. Even though OPEC production is expected to be up for the year, seasonal swings in demand can cause price fluctuations. The paper describes OPEC production, non-OPEC production, oil prices, the world oil supply, Russian's decline, world demand, and the outlook for 1993.

Beck, R.J.

1993-03-08T23:59:59.000Z

26

Final report to the National Science Foundation for the period July 1, 1978 to June 30, 1980 of project on cartel behavior and exhaustible resource supply : a case study of the world oil market.  

E-Print Network (OSTI)

The M.I.T. World Oil Project has been developing improved methods and data for analysis of the future course of the world oil market. Any forecast of this market depends on analysis of the likely demand for oil imports by ...

M.I.T. World Oil Project.

1981-01-01T23:59:59.000Z

27

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

E-Print Network (OSTI)

1.1A Figure 6: Uses of Crude Oil in the United States Otherincreases in the price of crude oil during the last half ofdollar-denominated price of crude oil increased about 50%.

Borenstein, Severin

2008-01-01T23:59:59.000Z

28

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

E-Print Network (OSTI)

how the challenge from high oil costs interacts with, but isproducts will re?ect that oil cost. A more appropriate andvirtually all of the cost of that oil must be paid directly

Borenstein, Severin

2008-01-01T23:59:59.000Z

29

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

E-Print Network (OSTI)

1.1 and 1.1A Figure 6: Uses of Crude Oil in the UnitedStates Other Residual Fuel Oil (bunker fuel) PetrochemicalDiesel Fuel and Heating Oil Jet Fuel Figure 7: Sources of

Borenstein, Severin

2008-01-01T23:59:59.000Z

30

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

E-Print Network (OSTI)

position that exporters of oil (as well as other goods andsite versus the value of the oil, as well as the size of thee?ect of an oil price shock extends well beyond the pump, of

Borenstein, Severin

2008-01-01T23:59:59.000Z

31

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

E-Print Network (OSTI)

Fuel Oil (bunker fuel) Petrochemical Feedstock Motorof re?ned oil product used in the U.S. is motor gasoline.

Borenstein, Severin

2008-01-01T23:59:59.000Z

32

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

E-Print Network (OSTI)

high oil prices and large import quantities contribute toOil is also produced in the U.S. In 2007, the quantity was

Borenstein, Severin

2008-01-01T23:59:59.000Z

33

Crude Oil, Heating Oil, and Propane Market Outlook  

U.S. Energy Information Administration (EIA)

... March 2003 Price Spike August 2003 Price Spike Quarterly World Oil Demand Growth from Previous Year Overview of Market Fundamentals Tight balance in global ...

34

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

35

World Petroleum Market Changes and Impact on U.S.  

Reports and Publications (EIA)

This presentation was given at the Oil Price Information Service National Supply Summit by Joanne Shore and John Hackworth. It covers the world oil market changes and the impact on domestic outlook for petroleum supply.

Information Center

2004-10-12T23:59:59.000Z

36

U.S. Reflects World Market  

Gasoline and Diesel Fuel Update (EIA)

4 4 Notes: U.S. crude oil inventories reflect the world situation. U.S. inventories were drawn down in 1999 as world demand exceeded world supply of crude oil as OPEC cut back on production. Low crude oil inventories go hand in hand with low product inventories. Product inventories were also drawn down to help meet demand, as was seen with gasoline this Spring. The rise in crude oil inventories earlier this year, while indicating an improvement in the market balance, appears to be short-lived, just as we had predicted a few months ago. Looking at U.S. crude stock levels in April and May can be misleading, since increases then were more reflective of the surge in WTI and U.S. product prices in the 1st quarter. With U.S. crude oil stocks drawn down by more than 20 million barrels from

37

What countries are the top world oil net importers? - FAQ - U.S ...  

U.S. Energy Information Administration (EIA)

What's changing in East Coast fuels markets? ... What countries are the top world oil net importers? There are 15 top world oil net importers. Last revised: ...

38

World Oil Market Outlook  

Reports and Publications (EIA)

Presented by: Guy F. Caruso, EIA AdministratorPresented to: The Committee On Energy And CommerceU. S. House Of RepresentativesWashington, DCMay 4 2003

Information Center

2003-05-04T23:59:59.000Z

39

Futures oil market outlook  

Science Conference Proceedings (OSTI)

We expect the broader expansion of global economic activity in 1995 to more than offset the anticipated slowdown in the US economic growth. This should result in worldwide oil demand growth in excess of 1 million barrels per day and firmer oil prices. This comes on the heels of nearly identical growth in 1994 and should be followed by an even larger increase in 1996. This year`s demand growth comes against a backdrop of flat OPEC production and an increase in non-OPEC supplies that will fall short of the expected increase in consumption. Some degree of political upheaval in at least a half dozen important oil exporting nations could also have implication for crude supplies. One major wildcard that remains for global oil markets is the status of the United Nations` sanctions on Iraqi exports and the timing of when these sanctions are to be eased or lifted completely.

Saucer, J. [Smith Barney, Houston, TX (United States)

1995-06-01T23:59:59.000Z

40

OIL PRICES AND THE WORLD ECONOMY 1  

E-Print Network (OSTI)

Abstract Oil prices, associated with bouts of inflation and economic instability over the last 30 years, have been rising in recent months. We argue that the inflationary consequences of a rise in oil prices depend upon the policy response of the monetary authorities. They can ameliorate the short term impacts on output, but only at the cost of higher inflation. In the short term the size and distribution of output effects from an increase in oil prices depends on the intensity of oil use in production and on the speed at which oil producers spend their revenue. In the medium term higher oil prices change the terms of trade between the OECD and the rest of the world and hence reduce the equilibrium level of output in the OECD. In this paper we first discuss oil market developments and survey previous studies on the impacts of increases in oil prices. We then use our model, NiGEM, to evaluate the impact of temporary and permanent oil price increases on the world economy under various policy responses, and also analyse the impact of a decline in the speed of oil revenue recycling. 1 This paper has benefited from inputs from a number of colleagues at the Institute, and we would like to thank

Ray Barrell; Olga Pomerantz

2004-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "world oil markets" 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

World Oil Price Cases (released in AEO2005)  

Reports and Publications (EIA)

World oil prices in AEO2005 are set in an environment where the members of OPEC are assumed to act as the dominant producers, with lower production costs than other supply regions or countries. Non-OPEC oil producers are assumed to behave competitively, producing as much oil as they can profitability extract at the market price for oil. As a result, the OPEC member countries will be able effectively to set the price of oil when they can act in concert by varying their aggregate production. Alternatively, OPEC members could target a fixed level of production and let the world market determine the price.

Information Center

2005-02-01T23:59:59.000Z

42

World Oil Transit Chokepoints  

Reports and Publications (EIA)

Chokepoints are narrow channels along widely used global sea routes, some so narrow that restrictions are placed on the size of vessel that can navigate through them. They are a critical part of global energy security due to the high volume of oil traded through their narrow straits.

Information Center

2012-08-22T23:59:59.000Z

43

Do oil markets work; is OPEC dead  

SciTech Connect

In this paper the authors review what has happened in world oil markets since the 1970s and examine the prospects for OPEC and world oil prices. The paper summarizes the data for the last two decades: by fuel, by product, and by region. It focuses on OPEC and its members, examining the differences in behavior between its members and non-OPEC producers. The authors find that OPEC is clearly still relevant, if no longer very powerful. Its members have collectively reduced output dramatically, in an unsuccessful attempt to defend the price increases. They examine the important institutional changes of the last two decades, in comparison with the industry's stability for much of the century. They suggest an interpretation of OPEC's current situation. The paper summarizes the outlook for OPEC and the world oil market over the next two decades.

Gately, D. (New York Univ., NY (USA). Dept. of Economics)

1989-01-01T23:59:59.000Z

44

Long Term World Oil Supply  

Gasoline and Diesel Fuel Update (EIA)

0 0 Notes: The following pages summarize a recent EIA presentation on estimates of the world conventional oil resource base and the year when production from it will peak and then begin to decline. A version of this presentation was given by former EIA Administrator Jay Hakes to the April 18, 2000 meeting of the American Association of Petroleum Geologists in New Orleans, Louisiana. Specific information about this presentation may be obtained from John Wood (john.wood@eia.doe.gov), Gary Long (gary.long@eia.doe.gov) or David Morehouse (david.morehouse@eia.doe.gov). Long Term World Oil Supply http://www.eia.doe.gov/pub/oil_gas/petroleum/presentations/2000/long_term_supply/sld001.htm [8/10/2000 4:56:23 PM] Slide 2 of 20 http://www.eia.doe.gov/pub/oil_gas/petroleum/presentations/2000/long_term_supply/sld002.htm [8/10/2000 4:56:24 PM]

45

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

46

EXECUTIVE SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 CHAPTER 1: WORLD OIL TRENDS  

E-Print Network (OSTI)

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 CHAPTER 1: WORLD OIL TRENDS Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Onshore Oil Production . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Offshore Oil Production

47

Insights from a Simple Hotelling Model of the World Oil Market C.-Y. Cynthia Lina1  

E-Print Network (OSTI)

& Resource Economics, University of California at Davis, One Shields Avenue, Davis, CA 95616 USA; cclin are generated for various specifications of the elasticity of demand for both isoelastic demand and linear demand under each of two possible market structures: perfect competition and monopoly. Prior to the 1973

Lin, C.-Y. Cynthia

48

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

SciTech Connect

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

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

2006-07-01T23:59:59.000Z

49

Crude Oil, Heating Oil, and Propane Market Outlook  

U.S. Energy Information Administration (EIA)

Crude Oil, Heating Oil, and Propane Market Outlook Briefing for the State Heating Oil and Propane Program Conference Wilmington, DE by Douglas MacIntyre

50

Oil market in international and Norwegian perspectives.  

E-Print Network (OSTI)

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

Singsaas, Julia Nazyrova

2009-01-01T23:59:59.000Z

51

Annual World Oil Demand Growth  

Gasoline and Diesel Fuel Update (EIA)

6 6 Notes: Following relatively small increases of 1.3 million barrels per day in 1999 and 0.9 million barrels per day in 2000, EIA is estimating world demand may grow by 1.6 million barrels per day in 2001. Of this increase, about 3/5 comes from non-OECD countries, while U.S. oil demand growth represents more than half of the growth projected in OECD countries. Demand in Asia grew steadily during most of the 1990s, with 1991-1997 average growth per year at just above 0.8 million barrels per day. However, in 1998, demand dropped by 0.3 million barrels per day as a result of the Asian economic crisis that year. Since 1998, annual growth in oil demand has rebounded, but has not yet reached the average growth seen during 1991-1997. In the Former Soviet Union, oil demand plummeted during most of the

52

International Energy Outlook 2006 - World Coal Markets  

Gasoline and Diesel Fuel Update (EIA)

Coal Markets Coal Markets International Energy Outlook 2006 Chapter 5: World Coal Markets In the IEO2006 reference case, world coal consumption nearly doubles from 2003 to 2030, with the non-OECD countries accounting for 81 percent of the increase. CoalÂ’s share of total world energy consumption increases from 24 percent in 2003 to 27 percent in 2030. Figure 48. World Coal Consumption by Region, 1980-2030 (Billion Short Tons). Need help, contact the National Energy Information Center at 202-586-8800. Figure Data Figure 49. Coal Share of World energy Consumption by Sector 2003, 2015, and 2030 (Percent). Need help, contact the National Energy Information Center at 202-586-8800. Figure Data Table 10. World Recoverable Coal Reserves (Billion Short Tons) Printer friendly version

53

Crude-oil market report  

SciTech Connect

The crude oil market has been both quieter and thinner during the past few months. Various factors, including OPEC restraints, settlement of the British coal strike, and dollar exchange rates, have been stabilizing, although erratic output by Iran and the Soviet Union have caused fluctuations in prices. Higher gasoline prices have triggered a preference for sweet crudes and a possible shortage during the summer motoring season. Oil stocks appear to be at the bottom now, but restocking activities will probably not cause shortages. The author forecasts a continued weak market. 2 tables.

1985-01-01T23:59:59.000Z

54

World Oil Transit Chokepoints Background - U.S. Energy Information ...  

U.S. Energy Information Administration (EIA)

‹ Countries World Oil Transit Chokepoints Last Updated: August 22, 2012 full report Background World oil chokepoints for maritime transit of oil are a critical part ...

55

World oil and geopolitics to the year 2010  

Science Conference Proceedings (OSTI)

This paper focuses on the interplay of market forces and politics in the world oil market projected to the year 2010. It argues that world oil demand will increase considerably, with Asian demand growing the fastest. Given that the growth of oil supply of producers outside the Organization of the Petroleum Exporting Countries (OPEC) will be trivial, the call on OPEC oil will increase substantially. Yet, given their declining per-capita oil revenues, OPEC members may not be able to make timely investments in required upstream projects. If this happens, the supply constraint will lead to higher prices and intensified international competition for Arabian/Persian Gulf oil. Thus, foreign investment will be needed increasingly in OPEC states if prices are to remain stable. But geopolitical and institutional barriers to foreign investment in many OPEC members hinder foreign investment. It is imperative that major players in the world oil market cooperate to reduce such barriers in time to ensure that supply corresponds to rising demand. 22 refs., 8 figs., 10 tabs.

Amirahmadi, H.

1995-12-31T23:59:59.000Z

56

Changing World Product Markets and Potential Refining Capacity ...  

U.S. Energy Information Administration (EIA)

Changing World Product Markets and Potential Refining Capacity Increases. NPRA Annual Meeting March 2006

57

World NGL markets continue rapid expansion  

Science Conference Proceedings (OSTI)

The international LPG industry has expanded rapidly during the 1990s and undergone significant changes. LPG consumption has expanded at nearly twice the rate of world petroleum demand. In particular, LPG use in residential and commercial markets has more than doubled in many developing countries. Markets for LPG and other petroleum products have been opened in many countries, accelerating demand growth and creating investment opportunities in all downstream segments. This has led to an overall strengthening of global LPG pricing and the development of many new export gas-processing projects. The paper discusses world LPG demand in residential and commercial markets and in petrochemicals, world LPG supply, regional increases, international trade, the US situation in natural gas, NGL supply, and NGL demand.

Otto, K.; Gist, R.; Whitley, C. [Purvin and Gertz, Houston, TX (United States); Haun, R. [Purvin and Gertz, Dallas, TX (United States)

1998-06-08T23:59:59.000Z

58

Summary World Oil Data (from World on the Edge)  

Open Energy Info (EERE)

Oil Data (from World on the Edge) This dataset presents summary...

59

Progress report to the National Science Foundation for the period July 1, 1980 to December 31, 1981 of the project on cartel behavior and exhaustible resource supply : a case study of the world oil market  

E-Print Network (OSTI)

The M.I.T. World Oil Project has been developing forecasting methods that integrate the following considerations which influence investment in oil capacity and the level of oil exports: (1) the geology and microeconomics ...

International Energy Studies Program (Massachusetts Institute of Technology)

1982-01-01T23:59:59.000Z

60

Powering the World: Offshore Oil & Gas Production  

E-Print Network (OSTI)

rate of production of oil is peaking now, coal will peak in 2-5 years, and natural gas in 20-30 yearsPowering the World: Offshore Oil & Gas Production Macondo post-blowout operations Tad Patzek Gulf of Mexico's oil and gas production Conclusions ­ p.5/59 #12;Summary of Conclusions. . . The global

Patzek, Tadeusz W.

Note: This page contains sample records for the topic "world oil markets" 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

A hybrid systematic design for multiobjective market problems: a case study in crude oil markets  

Science Conference Proceedings (OSTI)

This paper studies an application of hybrid systematic design in multiobjective market problems. The target problem is suggested as unstructured real world problem such that the objectives cannot be expressed mathematically and only a set of historical ... Keywords: Crude oil markets, Fuzzy rule-based system, Multiobjective problems, Neural networks

M. R. Gholamian; S. M. T. Fatemi Ghomi; M. Ghazanfari

2005-06-01T23:59:59.000Z

62

Prospects for world oil supply  

SciTech Connect

Surprises lie ahead for world oil supplies, which are expected to increase rapidly throughout the 1990s before leveling off by the end of the century. The extent of this increase could be the major surprise of the decade. Large increases in the capacity in Gulf countries accompanied by smaller increases in the non-Middle East OPEC countries will be augmented by a gradual increase in non-OPEC capacity into the late 1990s. By 2000, declining capacity in the latter two areas will offset continued capacity increases in the Gulf countries. Overall capacity in the non-OPEC countries (excluding China, Eastern Europe, and the Soviet Union), is expected to increase by 1.1 million BOPD from the low point in the early 1990s to a mid 1990s peak. The increase will be led by a large increase in capacity from the United Kingdom and smaller contributions from the non-Middle East OPEC countries and Mexico. In the forecast, emphasis has been placed on a detailed evaluation of recent significant discoveries made in non-OPEC countries and non-Middle East OPEC countries since 1983, which when taken together, are expected to add 8 million BOPD new capacity as soon as 1995. These discoveries have taken place in both existing and evolving exploration hotspots that are expected to receive increasing industry emphasis in the 1990s.

Esser, R.W. (Cambridge Energy Research Associates, MA (United States))

1991-08-01T23:59:59.000Z

63

Updated Hubbert curves analyze world oil supply  

SciTech Connect

The question is not whether, but when, world crude oil production will start to decline, ushering in the permanent oil shock era. While global information for predicting this event is not so straightforward as the data M. King Hubbert used in creating his famous Hubbert Curve that predicted the US (Lower 48 states, or US/48) 1970 oil production peak, there are strong indications that most of the world`s large exploration targets have now been found. Meanwhile, the earth`s population is exploding along with the oil needs of Asia`s developing nations. This article reviews Hubbert`s original analyses on oil discovery and production curves for the US/48 and projects his proven methodology onto global oil discoveries and production as of 1992. The world`s oil discovery curve peaked in 1962, and thence declined, as a Hubbert Curve predicts. However, global production was restricted after the 1973 Arab oil embargo. Otherwise, world production would have peaked in the mid-1990s. Two graphs show alternate versions of future global oil production.

Ivanhoe, L.F. [Novum Corp., Ojai, CA (United States)

1996-11-01T23:59:59.000Z

64

World Conference and Exhibition on Oilseed and Vegetable Oil Utilization  

Science Conference Proceedings (OSTI)

Archive of the World Conference and Exhibition on Oilseed and Vegetable Oil Utilization World Conference and Exhibition on Oilseed and Vegetable Oil Utilization Istanbul, Turkey World Conference and Exhibition on Oilseed and Vegetable Oil U

65

World Proved Crude Oil Reserves  

U.S. Energy Information Administration (EIA)

Sheet3 Sheet2 Crude Oil Reserves 1980-2009 Energy Information Administration (Important Note on Sources of Foreign Reserve Estimates) (Billion Barrels)

66

WORLD OIL SUPPLY – PRODUCTION, RESERVES, AND EOR  

E-Print Network (OSTI)

“The weakness of intelligence is in discerning the turning points” (J. Schlesinger: former CIA Director and Ex-Secretary of Defense and of Energy) World Oil Consumption: Since 1980, the world has consumed far more oil than has been discovered. We are now finding only one barrel of new oil for every four barrels that we consume. As Donald Hodel, Ex-U.S. Secretary of Energy said: “We are sleepwalking into a disaster.” Global R/P: (Figure 1-A). Economists and laymen routinely view the future of global oil production as being directly related to a simple global Reserves/Production (R/P) ratio. This implies that oil produced in all of the world’s fields will abruptly stop when the R/P date (40 years in the future) is reached. This is as unrealistic as to expect all humans to die off suddenly, instead of gradually. Global R/Ps should NOT be used to estimate timing of future oil supplies. National R/P: (Figure 1-B). Instead of posting one average Global R/P of 40 years for the entire world, Figure 1-B shows (“National R/P”) for individual nations. This results in a very different, but a much more realistic semi-quantitative picture of the distribution of the world’s claimed oil reserves and future global oil supply than does Figure 1-A. Scale: All of these graphs are drawn to scale, which puts tight limits on their construction and analysis. A 40,000-million-barrels (4 BBO/year x 10 years) rectangle in the upper left corner of each figure shows the graphic scale for the area under the World Production Curve (WPC). (BBO =

M. King; Hubbert Center; M. King; Hubbert Center; L. F. Ivanhoe

2000-01-01T23:59:59.000Z

67

Algeria: World Oil Report 1991  

Science Conference Proceedings (OSTI)

This paper reports that Algeria is positioned to achieve important, new natural gas markets. Over half of its hydrocarbon income is from exports of gas and derived products, liquified petroleum gas (LPG) and condensates, which are not subject to Opec quotas. Officials are moving away from inflexible past policies and are becoming vastly more realistic now that foreign investment laws have been liberalized and there is a need to attract foreign investors. Sonatrach must address three key issues to consolidate recent progress. Sales to existing customers in Europe, like Italy, must be expanded; new customers and markets need to found: and U.S. liquified natural gas (LNG) markets must be revived.

Not Available

1991-08-01T23:59:59.000Z

68

Vehicle Technologies Office: Fact #578: July 6, 2009 World Oil...  

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

was responsible for 8% of the world's petroleum production, held 2% of the world's crude oil reserves, and consumed 24% of the world's petroleum consumption in 2007. The...

69

Vehicle Technologies Office: Fact #432: July 10, 2006 World Oil...  

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

was responsible for 8% of the world's petroleum production, held 2% of the world's crude oil reserves, and consumed 25% of the world's petroleum consumption in 2005. The...

70

Oil Markets After the Hurricanes: Reversion to the Mean or ...  

U.S. Energy Information Administration (EIA)

Oil Markets After the Hurricanes: Reversion to the Mean or Return to Recent Trend? Macroeconomic Advisers Quarterly Meeting December 2005 Oil Markets After the ...

71

Iraq: World Oil Report 1991  

Science Conference Proceedings (OSTI)

This paper reports that no reliable information on Iraqi E and P operations and only a few reports on oil field facilities damage have been available since last August. Most of what is known originated from the Middle East Economic Survey (MEES), the authoritative newsletter covering the Middle East. According to MEES reports in major northern oil fields (Kirkuk, Bai Hasan and Jambur) is put at 800,000 bpd. The northern fields and the pipeline system through Turkey to the Mediterranean Sea that serves as an export outlet for the area apparently were not damaged much by coalition air strikes or subsequent fighting by the Kurds. Last May production was estimated at 250,000 bpd, presumably from northern fields. If and when U.N. sanctions are lifted, Iraq should be able to export promptly through the Turkish line.

Not Available

1991-08-01T23:59:59.000Z

72

Crude Oil, Heating Oil, and Propane Market Outlook 2001  

Reports and Publications (EIA)

This PowerPoint presentation provides an early look at the crude oil, heating oil, and propane market outlooks for the winter of 2001/02. It was given by Doug MacIntyre at the 2001 State Heating Oil and Propane Program Conference held in Wilmington, DE on August 13, 2001.

Information Center

2001-08-01T23:59:59.000Z

73

Crude Oil, Heating Oil, and Propane Market Outlook 2003  

Reports and Publications (EIA)

This PowerPoint presentation provides an early look at the crude oil, heating oil, and propane market outlooks for the winter of 2003/04. It was given at the 2003 State Heating Oil and Propane Program Conference held in Asheville, NC on August 11, 2003.

Information Center

2003-04-01T23:59:59.000Z

74

Crude Oil, Heating Oil, and Propane Market Outlook  

Reports and Publications (EIA)

This PowerPoint presentation provides an early look at the crude oil, heating oil, and propane market outlooks for the winter of 2002/03. It was given at the 2002 State Heating Oil and Propane Program Conference held in Kennebunkport, ME on August 12, 2002.

Information Center

2002-08-21T23:59:59.000Z

75

Thailand: World Oil Report 1991  

SciTech Connect

This paper reports that, out of 104 new concessions offered during 1990 by the Department of Mineral Resources (DMR) in Thailand, 33 concession blocks were recently awarded to 17 oil companies. Thailand and Vietnam also agreed last December to set up a joint committee as soon as possible to study exploration possibilities in the overlapping area both claim in the eastern Gulf of Thailand. PTT Exploration and Production (PTTEP) also is planning the joint development of an offshore area claimed by Thailand, Cambodia and Vietnam. If it materializes, all benefits and costs will be split three ways. The area between Thailand and Cambodia is thought to have high potential for hydrocarbons.

Khin, J.A. (AFKA Co., PTE Ltd. (SG))

1991-08-01T23:59:59.000Z

76

Mexico: World Oil Report 1991  

Science Conference Proceedings (OSTI)

This paper reports that state oil company Pemex appears to be in the middle of a mini-renaissance. Senior management proudly points to several areas of improvement, including a major reduction in the power of petroleum labor unions; a structural reorganization of the company into profit and cost centers; a significant trimming of foreign and domestic debt; and the growing readmittance of foreign investment and technology. Effects of these policy successes already are quantifiable and impressive. Restricting the unions' power has allowed Pemex to break the old habit of employing too many people and paying them too much. Indeed, the workforce has shrunk 30% to just below 150,000. Under the guidance of Finance Director Ernesto Marcos, Pemex has whittled its foreign debt to $5.6 billion from a 1982 high of $20 billion. Furthermore, the extra income provided by higher oil prices during the Persian Gulf war allowed Pemex in December to completely pay off its domestic debt, which has been nearly 2.5 trillion pesos (about $850 million) in the first quarter of 1990.

Maciej, H. (Canadian Petroleum Association, Calgary, AB (Canada))

1991-08-01T23:59:59.000Z

77

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

78

Oman: World Oil Report 1991  

SciTech Connect

This paper reports that for the sixth consecutive year, Oman should retain its title as the biggest driller in the Middle East in 1991. An accelerated program in 1990 pushed production to an all-time record 700,000 bpd late in the year. Although not a member of Opec, Oman has cooperated with the group in restraining output as needed to support oil prices. Petroleum Development Oman (PDO), a partnership of the government (60%), Royal Dutch Shell (34%), Total (4%) and Partex (2%), remains by far the biggest producer. This year, PDO will begin work on its $500-million effort to boost production from its Lekhwair field from a current 24,000 bpd to 110,000 bpd by 1994. Last year, PDO also drilled 15 horizontal wells, most of which were successful in increasing per well production compared to conventional vertical holes. The horizontal program has been continued this year with two rings.

Not Available

1991-08-01T23:59:59.000Z

79

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

80

Market assessment for shale oil  

DOE Green Energy (OSTI)

This study identified several key issues on the cost, timeliness, and ease with which shale oil can be introduced into the United States' refining system. The capacity of the existing refining industry to process raw shale oil is limited by the availability of surplus hydrogen for severe hydrotreating. The existing crude oil pipeline system will encounter difficulties in handling raw shale oil's high viscosity, pour point, and contaminant levels. The cost of processing raw shale oil as an alternate to petroleum crude oil is extremely variable and primarily dependent upon the percentage of shale oil run in the refinery, as well as the availability of excess hydrogen. A large fraction of any shale oil which is produced will be refined by the major oil companies who participate in the shale oil projects and who do not anticipate problems in processing the shale oil in their refineries. Shale oil produced for sale to independent refiners will initially be sold as boiler fuel. A federal shale oil storage program might be feasible to supplement the Strategic Petroleum Reserve. Based on refinery configurations, hydrogen supply, transportation systems, and crude availability, eleven refineries in Petroleum Administration for Defense Districts (PADDs) 2A and 2B have been identified as potential processors of shale oil. Based on refining technology and projected product demands to the year 2000, shale oil will be best suited to the production of diesel fuel and jet fuel. Tests of raw shale oil in boilers are needed to demonstrate nitrogen oxide emissions control.

Not Available

1979-10-01T23:59:59.000Z

Note: This page contains sample records for the topic "world oil markets" 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

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.

82

The bears come out for summer: A world awash in oil  

Science Conference Proceedings (OSTI)

In this issue, Energy Detente examines near term oil price and supply prospects. World oil prices have plunged over the last eight weeks to their lowest levels since 1991. This can be attributed to low world oil demand and bearish speculation on world oil markets that the on-again off-again oil export negotiations between Iraq and the United Nations may result in limited amounts of Iraqi crude being added to already swollen oil supplies. To recessionary economics in consuming countries, trends to raise taxes and reduce fuel price subsidies in many countries, and rising costs of environmental protection, producers also scrutinize a concerned Organization of Petroleum Exporting Countries (OPEC). OPEC's reactive potentials are heightened in a period of such market uncertainities.

Not Available

1993-07-30T23:59:59.000Z

83

Proved Oil Reserves: 2010 CIA: World Factbook assessment of ...  

Open Energy Info (EERE)

Proved Oil Reserves: 2010 CIA: World Factbook assessment of proved reserves of crude oil in barrels (bbl). Proved reserves are those quantities of...

84

Summary World Oil Data (from World on the Edge) | OpenEI  

Open Energy Info (EERE)

Oil Data (from World on the Edge) Oil Data (from World on the Edge) Dataset Summary Description This dataset presents summary information related to world oil. It is part of a supporting dataset for the book World On the Edge: How to Prevent Environmental and Economic Collapse by Lester R. Brown, available from the Earth Policy Institute. This world oil dataset includes the following data: World oil production (1950 - 2009): Top 20 producing countries (2009); Oil production in U.S. (1900 - 2009); Oil consumption in U.S. (950 - 2010); Oil consumption in China (1965 - 2009); Oil consumption in E.U. (1965 - 2009); Top 20 oil importing countries (2009); World's 20 largest oil discoveries; Real price of gasoline (2007); Retail gas prices by country (2008); and fossil fuel consumption subsidies (2009).

85

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

Biofuel on the International Oil Market Gal Hochman, Deepakof biofuel on the international oil market ? Gal Hochman,are dominated by cartel of oil-rich countries, and that

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

2010-01-01T23:59:59.000Z

86

Implied volatility in oil markets  

Science Conference Proceedings (OSTI)

Modelling the implied volatility surface as a function of an option's strike price and maturity is a subject of extensive research in financial markets. The implied volatility in commodity markets is much less studied, due to a limited liquidity and ...

Svetlana Borovkova; Ferry J. Permana

2009-04-01T23:59:59.000Z

87

Market assessment for shale oil  

SciTech Connect

This study identified several key issues on the cost, timeliness, and ease with which shale oil can be introduced into the United States' refining system. The capacity of the existing refining industry to process raw shale oil is limited by the availability of surplus hydrogen for severe hydrotreating. The existing crude oil pipeline system will encounter difficulties in handling raw shale oil's high viscosity, pour point, and contaminant levels. The cost of processing raw shale oil as an alternate to petroleum crude oil is extremely variable and primarily dependent upon the percentage of shale oil run in the refinery, as well as the availability of excess hydrogen. A large fraction of any shale oil which is produced will be refined by the major oil companies who participate in the shale oil projects and who do not anticipate problems in processing the shale oil in their refineries. Shale oil produced for sale to independent refiners will initially be sold as boiler fuel. A federal shale oil storage program might be feasible to supplement the Strategic Petroleum Reserve. Based on refinery configurations, hydrogen supply, transportation systems, and crude availability, eleven refineries in Petroleum Administration for Defense Districts (PADDs) 2A and 2B have been identified as potential processors of shale oil. Based on refining technology and projected product demands to the year 2000, shale oil will be best suited to the production of diesel fuel and jet fuel. Tests of raw shale oil in boilers are needed to demonstrate nitrogen oxide emissions control.

1979-10-01T23:59:59.000Z

88

Strait of Hormuz is chokepoint for 20% of world’s oil ...  

U.S. Energy Information Administration (EIA)

International crude oil and liquefied fuels movements depend on reliable transport through key chokepoints. In 2011, total world crude oil and liquefied fuels ...

89

The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

for Market Readiness (PMR) for Market Readiness (PMR) Jump to: navigation, search Logo: The World Bank Partnership for Market Readiness (PMR) - Brazil Name The World Bank Partnership for Market Readiness (PMR) - Brazil Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs Website http://wbcarbonfinance.org/Rou

90

World Production, Markets, and Trade Reports | Data.gov  

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

World Production, Markets, and Trade Reports Agriculture Community Menu DATA APPS EVENTS DEVELOPER STATISTICS COLLABORATE ABOUT Agriculture You are here Data.gov Communities ...

91

Understanding the world wool market : trade, productivity and grower incomes.  

E-Print Network (OSTI)

??[Truncated abstract] The core objective of this thesis is summarised by its title: “Understanding the World Wool Market: Trade, Productivity and Grower Incomes”. Thus, we… (more)

Verikios, George

2007-01-01T23:59:59.000Z

92

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].

93

Financial and Physical Oil Market Linkages  

Gasoline and Diesel Fuel Update (EIA)

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

94

Sensitivity analysis of world oil prices. Analysis report AR/IA/79-47  

SciTech Connect

An analysis of the impact of the political disruption in Iran on the world oil market is presented. During the first quarter of 1979, this disruption caused a loss of approximately 5 million barrels per day (MMBD) of oil production available for export from Iran to the rest of the world. This loss of production and the political climate in Iran have caused much speculation concerning future Iranian oil production and total Organization of Petroleum Exporting Countries (OPEC) oil production in the nearterm and midterm. The analysis describes these issues in terms of two critical factors: the world oil price and the level of OPEC oil production in the nearterm and midterm. A detailed comparison of the Central Intelligence Agency (CIA) and Energy Information Agency (EIA) forecasting models of world oil prices is presented. This comparison consists of examining reasons for differences in the price forecasts of the CIA model by using CIA assumptions within the EIA model. The CIA and EIA model structures and major parameters are also compared. It is important to note that this analysis is not all encompassing. In particular, the analysis does not provide data on crude oil prices in the spot market, but does provide information on the average crude oil price; and does not permit rationing of oil, since the market is forced to clear only through changes in oil prices. Throughout this paper, world oil prices are defined in terms of real 1978 dollars per barrel of crude oil delivered to the East Coast of the United States net of any import fees.

Rodekohr, M.; Cato, D.

1979-09-01T23:59:59.000Z

95

Adaptive Markets and the New World Order  

E-Print Network (OSTI)

In the adaptive markets hypothesis (AMH) intelligent but fallible investors learn from and adapt to changing economic environments. This implies that markets are not always efficient but are usually competitive and adaptive, ...

Lo, Andrew W.

96

Energy & Financial Markets: What Drives Crude Oil Prices ...  

U.S. Energy Information Administration (EIA)

Overview. As part of its Energy and Financial Markets Initiative, EIA is assessing the various factors that may influence oil prices — physical market factors as ...

97

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.

98

OPEC Production Changes Impacted World Crude Oil Prices  

U.S. Energy Information Administration (EIA)

OPEC has been a major factor behind the recent swing in crude oil prices. As prices fell in 1997 and 1998, OPEC gradually removed supply from the market.

99

Future world oil prices: modeling methodologies and summary of recent forecasts  

SciTech Connect

This paper has three main objectives. First, the various methodologies that have been developed to explain historical oil price changes and forecast future price trends are reviewed and summarized. Second, the paper summarizes recent world oil price forecasts, and, then possible, discusses the methodologies used in formulating those forecasts. Third, utilizing conclusions from the reviews of the modeling methodologies and the recent price forecasts, in combination with an assessment of recent and projected oil market trends, oil price projections are given for the time period 1987 to 2022. The paper argues that modeling methodologies have undergone significant evolution during the past decade as modelers increasingly recognize the complex and constantly changing structure of the world oil market. Unfortunately, at this point in time a consensus about the appropriate methodology to use in formulating oil price forecasts is yet to be reached. There is, however, a general movement toward the opinion that both economic and political factors should be considered when making price projections. Likewise, there is no consensus about future oil price trends. Forecasts differ widely. However, in general, forecasts have been adjusted downwardly in recent years. Further, an overall assessment of the forecasts and recent oil market trends suggests that oil prices will remain constant in real terms for the remainder of the 1980s. Real oil prices are expected to increase by between 2 and 3% during the 1990s and beyond. Forecasters are quick to point out, however, that all forecasts are subject to significant uncertainty. 69 references, 3 figures, 10 tables.

Curlee, T.R.

1985-04-01T23:59:59.000Z

100

Forecasting world oil prices: the evolution of modeling methodologies and summary of recent projections  

SciTech Connect

This paper has three main objectives: (1) to review and summarize the varios methodologies that have been developed to explain historical oil price changes and forecast future price trends, (2) to summarize recent world oil price forecasts, and, when possible, discuss the methodologies used in formulating those forecasts, and (3) utilizing conclusions from the reviews of the modeling methodologies and the recent price forecasts, in combination with an assessment of recent and projected oil market trends, to give oil price projections for the time period 1987 to 2022. The paper argues that modeling methodologies have undergone significant evolution during the past decade as modelers increasingly recognize the complex and constantly changing structure of the world oil market. Unfortunately, a consensus about the appropriate methodology to use in formulating oil price forecasts is yet to be reached. There is, however, a general movement toward the opinion that both economic and political factors should be considered when making price projections. Likewise, there is no consensus about future oil price trends. Forecasts differ widely. However, in general, forecasts have been adjusted downwardly in recent years. Further, an overall assessment of the forecasts and recent oil market trends suggests that oil prices will remain constant in real terms for the remainder of the 1980s. Real oil prices are expected to increase by between 2 and 3% during the 1990s and beyond. Forecasters are quick to point out, however, that all forecasts are subject to significant uncertainty. 68 references, 1 figure, 6 tables.

Curlee, T.R.

1985-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "world oil markets" 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

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

E-Print Network (OSTI)

This paper examines 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 for the fact that stock markets may respond nonlinearly to oil price shocks, we have examined both linear and nonlinear relationships. Our findings show that there are significant links between the two variables in Qatar, Oman, and UAE. Thus, stock markets in these countries react positively to oil price

Mohamed El; Hedi Arouri; Julien Fouquau

2009-01-01T23:59:59.000Z

102

Financial and Physical Oil Market Linkages II  

Gasoline and Diesel Fuel Update (EIA)

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

103

Energy & Financial Markets: What Drives Crude Oil Prices?  

Reports and Publications (EIA)

An assessment of the various factors that may influence oil prices - physical market factors as well as those related to trading and financial markets. The analysis describes 7 key factors that could influence oil markets and explores possible linkages between each factor and oil prices, and includes regularly-updated graphs that depict aspects of those relationships.

2011-12-14T23:59:59.000Z

104

Real world market representation with agents.  

SciTech Connect

As power markets are relatively new and still continue to evolve, there is a growing need for advanced modeling approaches that simulate the behavior of electricity markets over time and how market participants may act and react to the changing economic, financial and regulatory environments in which they operate. A new and rather promising approach is to model the electricity market as a complex adaptive system using an agent-based modeling and simulation (ABMS) approach. The purpose of an ABMS model is not necessarily to predict the outcome of a system but to reveal and understand the complex and aggregate system behaviors that emerge from the interactions of the heterogeneous individual entities. Emergent behavior is a key feature of ABMS and is not easily inferred from the simple sum of the behavior of its components. By relying on both established engineering modeling techniques as well as advanced quantitative economic market principles, the ABMS approach is uniquely suited to addressing the strategic issues of interest to different market participants as well as those of market monitors and regulators.

Koritarov, V.; Decision and Information Sciences

2004-07-01T23:59:59.000Z

105

Vehicle Technologies Office: Fact #336: September 6, 2004 World Oil  

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

6: September 6, 6: September 6, 2004 World Oil Reserves, Production, and Consumption, 2003 to someone by E-mail Share Vehicle Technologies Office: Fact #336: September 6, 2004 World Oil Reserves, Production, and Consumption, 2003 on Facebook Tweet about Vehicle Technologies Office: Fact #336: September 6, 2004 World Oil Reserves, Production, and Consumption, 2003 on Twitter Bookmark Vehicle Technologies Office: Fact #336: September 6, 2004 World Oil Reserves, Production, and Consumption, 2003 on Google Bookmark Vehicle Technologies Office: Fact #336: September 6, 2004 World Oil Reserves, Production, and Consumption, 2003 on Delicious Rank Vehicle Technologies Office: Fact #336: September 6, 2004 World Oil Reserves, Production, and Consumption, 2003 on Digg Find More places to share Vehicle Technologies Office: Fact #336:

106

Vehicle Technologies Office: Fact #487: September 17, 2007 World Oil  

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

7: September 17, 7: September 17, 2007 World Oil Reserves, Production, and Consumption, 2006 to someone by E-mail Share Vehicle Technologies Office: Fact #487: September 17, 2007 World Oil Reserves, Production, and Consumption, 2006 on Facebook Tweet about Vehicle Technologies Office: Fact #487: September 17, 2007 World Oil Reserves, Production, and Consumption, 2006 on Twitter Bookmark Vehicle Technologies Office: Fact #487: September 17, 2007 World Oil Reserves, Production, and Consumption, 2006 on Google Bookmark Vehicle Technologies Office: Fact #487: September 17, 2007 World Oil Reserves, Production, and Consumption, 2006 on Delicious Rank Vehicle Technologies Office: Fact #487: September 17, 2007 World Oil Reserves, Production, and Consumption, 2006 on Digg Find More places to share Vehicle Technologies Office: Fact #487:

107

Long Term World Oil Supply - U.S. Energy Information ...  

U.S. Energy Information Administration (EIA)

The following pages summarize a recent EIA presentation on estimates of the world conventional oil resource base and the year when production from it ...

108

Increment in World Oil Consumption by Region, 1997-2020  

U.S. Energy Information Administration (EIA)

World oil production is projected to increase by a total of 39.8 million barrels per day ... Substantial growth is also expected in Central and South America, ...

109

Oil Market Simulation model: model documentation report (Task 13). Final report  

Science Conference Proceedings (OSTI)

This report documents the Oil Market Simulation (OMS) model as used by the Energy Information Administration (EIA) to provide forecasts of world oil prices. In addition, the OMS model is used to examine the market responses to changes in oil demand and supply. The current version of the model provides additional OMS simulation capabilities to its predecessor. It performs not only the price and production simulations as before, but also simulations that converge to a user-specified regional demand, supply, or import level. Free world countries are grouped into seven major oil demand regions and eight major oil supply regions. The OMS model consists of three parts: oil demand, non-OPEC oil supply, and OPEC pricing behavior. Regional oil demand in a given year is determined as a function of the average world oil price for the year, the regional level of economic activity for the year, and the oil demand in the previous year. Non-OPEC regional oil supply is specified as a function of world oil price and the regional oil supply in the previous period. OPEC pricing behavior is related to the OPEC capacity utilization rate; OPEC sets the oil price based on the percent utilization of its availabile production capacity and the world oil price in the previous time period. Besides the behavior rules of consumers, non-OPEC producers, and OPEC producers, the OMS model includes some regional demand and supply values that are determined exogenously. These user-determined demand and supply values include: (1) OPEC demand, (2) US Strategic Petroleum reserve fill rates, and (3) the net exports from Centrally Planned Economies. 19 refs., 7 figs., 10 tabs.

Not Available

1985-05-10T23:59:59.000Z

110

World Oil Refining Logistics Demand Model "World" Reference Manual  

Reports and Publications (EIA)

This manual is intended primarily for use as a reference by analysts applying the WORLD model to regional studies. It also provides overview information on WORLD features of potential interest to managers and analysts.

Information Center

1994-03-01T23:59:59.000Z

111

Transporting US oil imports: The impact of oil spill legislation on the tanker market  

SciTech Connect

The Oil Pollution Act of 1990 ( OPA'') and an even more problematic array of State pollution laws have raised the cost, and risk, of carrying oil into and out of the US. This report, prepared under contract to the US Department of energy's Office of Domestic and International Policy, examines the impact of Federal and State oil spill legislation on the tanker market. It reviews the role of marine transportation in US oil supply, explores the OPA and State oil spill laws, studies reactions to OPA in the tanker and tank barge industries and in related industries such as insurance and ship finance, and finally, discusses the likely developments in the years ahead. US waterborne oil imports amounted to 6.5 million B/D in 1991, three-quarters of which was crude oil. Imports will rise by almost 3 million B/D by 2000 according to US Department of energy forecasts, with most of the crude oil growth after 1995. Tanker demand will grow even faster: most of the US imports and the increased traffic to other world consuming regions will be on long-haul trades. Both the number of US port calls by tankers and the volume of offshore lightering will grow. Every aspect of the tanker industry's behavior is affected by OPA and a variety of State pollution laws.

Rowland, P.J. (Rowland (P.) Associates (United States))

1992-05-01T23:59:59.000Z

112

The Stock Market Reaction to Oil Price Changes  

E-Print Network (OSTI)

I explore the reaction of the stock market as a whole and of different industries to daily oil price changes. I find that the direction and magnitude of the market?s reaction to oil price changes depend on the magnitude of the price changes. Oil price changes most likely caused by supply shocks have a negative impact while oil price changes most likely caused by shifts in aggregate demand have a positive impact on the same day market returns. In addition to the returns of oil-intensive industries, returns of industries that do not use oil to any significant extent are also sensitive to oil price changes. Finally, I show that both the cost-side dependence and demand-side dependence on oil are important in explaining the sensitivity of industry returns to oil price changes. I am indebted to Louis Ederington. I am grateful for the helpful comments received from Chitru Fernando,

Sridhar Gogineni

2008-01-01T23:59:59.000Z

113

Dominant Middle East oil reserves critically important to world supply  

Science Conference Proceedings (OSTI)

This paper reports that the location production, and transportation of the 60 million bbl of oil consumed in the world each day is of vital importance to relations between nations, as well as to their economic wellbeing. Oil has frequently been a decisive factor in the determination of foreign policy. The war in the Persian Gulf, while a dramatic example of the critical importance of oil, is just the latest of a long line of oil-influenced diplomatic/military incidents, which may be expected to continue. Assuming that the world's remaining oil was evenly distributed and demand did not grow, if exploration and development proceeded as efficiently as they have in the U.S., world oil production could be sustained at around current levels to about the middle of the next century. It then would begin a long decline in response to a depleting resource base. However, the world's remaining oil is very unevenly distributed. It is located primarily in the Eastern Hemisphere, mostly in the Persian Gulf, and much is controlled by the Organization of Petroleum Exporting Countries. Scientific resource assessments indicate that about half of the world's remaining conventionally recoverable crude oil resource occurs in the Persian Gulf area. In terms of proved reserves (known recoverable oil), the Persian Gulf portion increase to almost two-thirds.

Riva, J.P. Jr. (Library of Congress, Washington, DC (United States). Congressional Research Service)

1991-09-23T23:59:59.000Z

114

Multiscale forecasting and risk measurement in the crude oil market.  

E-Print Network (OSTI)

???With the increasing trend of globalization and deregulation comes the increasing level of structural complexity in the crude oil market, which in turn leads to… (more)

He, Kaijian ( ???)

2011-01-01T23:59:59.000Z

115

Biodiesel profitability and linkages to the soybean oil market.  

E-Print Network (OSTI)

??This thesis investigates the relationship between soybean oil and biodiesel markets in the US through a structural model and a time-series econometric model. A conceptual… (more)

Zahran, Hala

2013-01-01T23:59:59.000Z

116

World Oil Refining Logistics Demand Model  

Reports and Publications (EIA)

This manual is intended primarily for use as a reference by analysts applying the WORLD model to regional studies. It also provides overview information on WORLD features of potential interest to managers and analysts.

Information Center

1994-03-01T23:59:59.000Z

117

Long Term World Oil Supply - Energy Information Administration  

U.S. Energy Information Administration (EIA)

Long-Term World Oil Supply Scenarios. The Future Is Neither as Bleak or Rosy as Some Assert. By. John H. Wood, Gary R. Long, David F. Morehouse Conventionally ...

118

First high-GLA safflower oil on market  

Science Conference Proceedings (OSTI)

The first high-GLA safflower oil has reached the market at commercial scale after six years of research and development work by Arcadia Biosciences, Inc. (Davis, California, USA). First high-GLA safflower oil on market Inform Magazine Inform Archives Om

119

World Oil Prices in AEO2007 (released in AEO2007)  

Reports and Publications (EIA)

Over the long term, the AEO2007 projection for world oil pricesdefined as the average price of imported low-sulfur, light crude oil to U.S. refinersis similar to the AEO2006 projection. In the near term, however, AEO2007 projects prices that are $8 to $10 higher than those in AEO2006.

Information Center

2007-02-22T23:59:59.000Z

120

Multi-fractal Analysis of World Crude Oil Prices  

Science Conference Proceedings (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

Note: This page contains sample records for the topic "world oil markets" 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

World Oil 2007 articles.pdf  

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

in proj- ect development and management, and develop- ment and testing of tar sand, oil shale, and CBM. Mr. Johnson is a licensed professional engineer and holds a BS in chemical...

122

World Oil Prices in AEO2006 (released in AEO2006)  

Reports and Publications (EIA)

World oil prices in the AEO2006 reference case are substantially higher than those in the AEO2005 reference case. In the AEO2006 reference case, world crude oil prices, in terms of the average price of imported low-sulfur, light crude oil to U.S. refiners, decline from current levels to about $47 per barrel (2004 dollars) in 2014, then rise to $54 per barrel in 2025 and $57 per barrel in 2030. The price in 2025 is approximately $21 per barrel higher than the corresponding price projection in the AEO2005 reference case.

Information Center

2006-02-01T23:59:59.000Z

123

Crude Oil, Heating Oil, and Propane Market Outlook  

U.S. Energy Information Administration (EIA)

Crude Oil, Heating Oil, and Propane Outlook Briefing for the State Heating Oil and Propane Program Conference Asheville, NC Mike Burdette Petroleum Division, Energy ...

124

Peaking World Oil Production: Impacts, Mitigation and Risk Management  

E-Print Network (OSTI)

The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking. In 2003, the world consumed nearly 80 million barrels per day (MM bpd) of oil. U.S. consumption was almost 20 MM bpd,

Robert L. Hirsch; Roger H. Bezdek; Robert M. Wendling

2005-01-01T23:59:59.000Z

125

The Inevitable Peaking of World Oil Production  

E-Print Network (OSTI)

The era of plentiful, low-cost petroleum is approaching an end. ? Without massive mitigation the problem will be pervasive and long lasting. Oil peaking represents a liquid fuels problem, not an “energy crisis”. ? Governments will have to take the initiative on a timely basis. ? In every crisis, there are always opportunities for those that act decisively.

Robert L. Hirsch

2005-01-01T23:59:59.000Z

126

Peaking of world oil production: Impacts, mitigation, & risk management  

SciTech Connect

The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility will increase dramatically, and, without timely mitigation, the economic, social, and political costs will be unprecedented. Viable mitigation options exist on both the supply and demand sides, but to have substantial impact, they must be initiated more than a decade in advance of peaking.... The purpose of this analysis was to identify the critical issues surrounding the occurrence and mitigation of world oil production peaking. We simplified many of the complexities in an effort to provide a transparent analysis. Nevertheless, our study is neither simple nor brief. We recognize that when oil prices escalate dramatically, there will be demand and economic impacts that will alter our simplified assumptions. Consideration of those feedbacks will be a daunting task but one that should be undertaken. Our aim in this study is to-- • Summarize the difficulties of oil production forecasting; • Identify the fundamentals that show why world oil production peaking is such a unique challenge; • Show why mitigation will take a decade or more of intense effort; • Examine the potential economic effects of oil peaking; • Describe what might be accomplished under three example mitigation scenarios. • Stimulate serious discussion of the problem, suggest more definitive studies, and engender interest in timely action to mitigate its impacts.

Hirsch, R.L. (SAIC); Bezdek, Roger (MISI); Wendling, Robert (MISI)

2005-02-01T23:59:59.000Z

127

World Conference on Oilseed Processing, Fats & Oils Processing, Biofuels & Applications 2011  

Science Conference Proceedings (OSTI)

Archive of the World Conference on Oilseed Processing, Fats & Oils Processing, Biofuels & Applications 2011 World Conference on Oilseed Processing, Fats & Oils Processing, Biofuels & Applications 2011 Izmir, Turkey World Conference on Oilseed Pro

128

Notes from Financial and Physical Oil Market Linkages  

Gasoline and Diesel Fuel Update (EIA)

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

129

Morocco-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

Morocco-The World Bank Partnership for Market Readiness (PMR) Morocco-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Morocco-The World Bank Partnership for Market Readiness (PMR) Name Morocco-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

130

Mexico-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

Mexico-The World Bank Partnership for Market Readiness (PMR) Mexico-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Mexico-The World Bank Partnership for Market Readiness (PMR) Name Mexico-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

131

Colombia-The World Bank Partnership for Market Readiness (PMR) | Open  

Open Energy Info (EERE)

Colombia-The World Bank Partnership for Market Readiness (PMR) Colombia-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Colombia-The World Bank Partnership for Market Readiness (PMR) Name Colombia-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

132

Brazil-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

Brazil-The World Bank Partnership for Market Readiness (PMR) Brazil-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Brazil-The World Bank Partnership for Market Readiness (PMR) Name Brazil-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

133

Thailand-The World Bank Partnership for Market Readiness (PMR) | Open  

Open Energy Info (EERE)

Thailand-The World Bank Partnership for Market Readiness (PMR) Thailand-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Thailand-The World Bank Partnership for Market Readiness (PMR) Name Thailand-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

134

China-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

China-The World Bank Partnership for Market Readiness (PMR) China-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: China-The World Bank Partnership for Market Readiness (PMR) Name China-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

135

India-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

India-The World Bank Partnership for Market Readiness (PMR) India-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: India-The World Bank Partnership for Market Readiness (PMR) Name India-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

136

Ukraine-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

Ukraine-The World Bank Partnership for Market Readiness (PMR) Ukraine-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Ukraine-The World Bank Partnership for Market Readiness (PMR) Name Ukraine-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

137

Chile-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

Chile-The World Bank Partnership for Market Readiness (PMR) Chile-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Chile-The World Bank Partnership for Market Readiness (PMR) Name Chile-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

138

Vietnam-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

Vietnam-The World Bank Partnership for Market Readiness (PMR) Vietnam-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Vietnam-The World Bank Partnership for Market Readiness (PMR) Name Vietnam-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

139

Jordan-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

Jordan-The World Bank Partnership for Market Readiness (PMR) Jordan-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Jordan-The World Bank Partnership for Market Readiness (PMR) Name Jordan-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

140

Indonesia-The World Bank Partnership for Market Readiness (PMR) | Open  

Open Energy Info (EERE)

Indonesia-The World Bank Partnership for Market Readiness (PMR) Indonesia-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Indonesia-The World Bank Partnership for Market Readiness (PMR) Name Indonesia-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

Note: This page contains sample records for the topic "world oil markets" 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

Turkey-The World Bank Partnership for Market Readiness (PMR) | Open Energy  

Open Energy Info (EERE)

Turkey-The World Bank Partnership for Market Readiness (PMR) Turkey-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Turkey-The World Bank Partnership for Market Readiness (PMR) Name Turkey-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

142

Refiners around the world must cope with changing markets, environmental regulations  

Science Conference Proceedings (OSTI)

Oil consumption is expected to grow slowly into the next century, middle distillates are expected to be the fastest growing major products, and the quality of the typical crude fed to refineries will continue to deteriorate. Those are key challenges facing refiners around the world. Changing product specifications - from lead-free gasoline in Europe to new lube oils for tomorrow's engines - will also continue to demand more of refinery processes and equipment. Through it all, refiners will be faced with changing crude and products markets that will constantly test their ability to achieve a reasonable margin. The problems associated with excess capacity have not been completely solved; there is still considerable rationalization of worldwide capacity to be done. Success will depend in large part on the development and proper application of new technology, and the imaginative use of sophisticated operating techniques.

Nunn, J.A.

1987-05-11T23:59:59.000Z

143

Crude Oil, Heating Oil, and Propane Market Outlook  

U.S. Energy Information Administration (EIA)

Petroleum Supply and Market Outlook. Briefing for the 7 th Annual International Airport Operations/Jet Fuel Conference

144

Monthly World Oil Prices, 1976 - 2000 - U.S. Energy Information ...  

U.S. Energy Information Administration (EIA)

Monthly World Oil Prices, 1976 - 2000. Sources: EIA, Short-Term Energy Outlook database, August 2000. Previous slide: ... Since US refiners buy crude oil from so many ...

145

Quantifying the Uncertainty in Estimates of World Conventional Oil Resources  

E-Print Network (OSTI)

Since Hubbert proposed the "peak oil" concept to forecast ultimate recovery of crude oil for the U.S. and the world, there have been countless debates over the timing of peak world conventional oil production rate and ultimate recovery. From review of the literature, forecasts were grouped into those that are like Hubbert's with an imminent peak, and those that do not predict an imminent peak. Both groups have bases for their positions. Viewpoints from the two groups are polarized and the rhetoric is pointed and sometimes personal. A big reason for the large divide between the two groups is the failure of both to acknowledge the significant uncertainty in their estimates. Although some authors attempt to quantify uncertainty, most use deterministic methods and present single values, with no ranges. This research proposes that those that do attempt to quantify uncertainty underestimate it significantly. The objective of this thesis is to rigorously quantify the uncertainty in estimates of ultimate world conventional oil production and time to peak rate. Two different methodologies are used. The first is a regression technique based on historical production data using Hubbert's model and the other methodology uses mathematical models. However, I conduct the analysis probabilistically, considering errors in both the data and the model, which results in likelihood probability distributions for world conventional oil production and time to peak rate. In the second method, I use a multiple-experts analysis to combine estimates from the multitude of papers presented in the literature, yielding an overall distribution of estimated world conventional oil production. Giving due consideration to uncertainty, Hubbert-type mathematical modeling results in large uncertainty ranges that encompass both groups of forecasts (imminent peak and no imminent peak). These ranges are consistent with those from the multiple-experts analysis. In short, the industry does not have enough information at this time to say with any reliability what the ultimate world conventional oil production will be. It could peak soon, somewhere in the distant future, or somewhere in between. It would be wise to consider all of these possible outcomes in planning and making decisions regarding capital investment and formulation of energy policy.

Tien, Chih-Ming

2009-12-01T23:59:59.000Z

146

Transporting US oil imports: The impact of oil spill legislation on the tanker market. Draft final report  

SciTech Connect

The Oil Pollution Act of 1990 (``OPA``) and an even more problematic array of State pollution laws have raised the cost, and risk, of carrying oil into and out of the US. This report, prepared under contract to the US Department of energy`s Office of Domestic and International Policy, examines the impact of Federal and State oil spill legislation on the tanker market. It reviews the role of marine transportation in US oil supply, explores the OPA and State oil spill laws, studies reactions to OPA in the tanker and tank barge industries and in related industries such as insurance and ship finance, and finally, discusses the likely developments in the years ahead. US waterborne oil imports amounted to 6.5 million B/D in 1991, three-quarters of which was crude oil. Imports will rise by almost 3 million B/D by 2000 according to US Department of energy forecasts, with most of the crude oil growth after 1995. Tanker demand will grow even faster: most of the US imports and the increased traffic to other world consuming regions will be on long-haul trades. Both the number of US port calls by tankers and the volume of offshore lightering will grow. Every aspect of the tanker industry`s behavior is affected by OPA and a variety of State pollution laws.

Rowland, P.J. [Rowland (P.) Associates (United States)

1992-05-01T23:59:59.000Z

147

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

148

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

E-Print Network (OSTI)

-form efficient market hy- pothesis for two oil crude markets (UK Brent and US West Texas Intermediate) is testedThe efficiency of the crude oil markets: Evidence from variance ratio tests Amélie CHARLES Audencia the random walk hypothesis for the crude oil markets, using daily data over the period 1982­2008. The weak

Recanati, Catherine

149

Long Term World Oil Supply (A Resource Base/Production Path Analysis)  

Gasoline and Diesel Fuel Update (EIA)

Long Term World Oil Supply Long Term World Oil Supply (A Resource Base/Production Path Analysis) 07/28/2000 Click here to start Table of Contents Long Term World Oil Supply (A Resource Base/Production Path Analysis) Executive Summary Executive Summary (Continued) Executive Summary (Continued) Overview The Year of Peak Production..When will worldwide conventional oil production peak?... Lower 48 Crude Oil Reserves & Production 1945-2000 Texas Oil and Condensate Production, and Texas First Purchase Price (FPP), 1980-1999 Published Estimates of World Oil Ultimate Recovery Different Interpretations of a Hypothetical 6,000 Billion Barrel World Original Oil-in-Place Resource Base Campbell-Laherrère World Oil Production Estimates, 1930-2050 Laherrere’s Oil Production Forecast, 1930-2150

150

Unconventional oil market assessment: ex situ oil shale.  

E-Print Network (OSTI)

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

Castro-Dominguez, Bernardo

2010-01-01T23:59:59.000Z

151

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

152

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

153

Market enhancement of shale oil: The native products extraction technology  

SciTech Connect

The overall objective of this work was to assess the feasibility of enhancing shale oil commercialization through SO/NPX technology. Specific objectives were: (1) To determine the properties and characteristics of fractions isolable from shale oil utilizing separation sequences which are based on thermodynamic considerations; (2) To identify product streams of market value for promising technology development; (3)To conduct technology development studies leading to a shale oil extraction and processing sequence which promises economic enhancement of shale oil commercialization; (4) To develop an analytical methodology and model for obtaining engineering design data required for process development; (5) To estimate the economics of SO/NPX including the potential for enhancing the profitability of a commercial-scale shale oil MIS retort.

Bunger, J.W. (Bunger (James W.) and Associates, Inc., Salt Lake City, UT (United States)); DuBow, J.B. (Utah Univ., Salt Lake City, UT (United States))

1991-10-01T23:59:59.000Z

154

Energy & Financial Markets: What Drives Crude Oil Prices ...  

U.S. Energy Information Administration (EIA)

Search EIA.gov. A-Z Index; A-Z Index A B C D E F G H I J K L M N O P Q R S T U V W XYZ. Energy & Financial Markets What Drives Crude Oil Prices? ...

155

The Puzzle of Asymmetric Effects of Oil: New Results from International Stock Markets ?  

E-Print Network (OSTI)

Previous work has documented that oil price changes have nonlinear effects in the economy and in stock market returns. We show that the nonlinear effects are different depending on whether countries are energy dependent or not. While price soars seem to have a negative effect on the stock markets of oil energy dependent countries, they have a positive effect on the stock markets of oil exporting countries. Stock market returns are negatively affected by oil price volatility in energy dependent countries and positively in oil exporting countries. Moreover, we find bi-directional effects between oil price increases and some oil volatility measures that can be reinforced with volatility feedback. The asymmetric effects found in oil dependent and oil exporting countries seem to fit into the offset mechanism proposed in the literature where oil price shocks interact both with oil price volatility and the economy. The results are also consistent with the finding that oil exporting countries benefit economically from oil price hikes.

unknown authors

2011-01-01T23:59:59.000Z

156

Electricity Markets: Should the Rest of the World Adopt the UK Reforms?  

E-Print Network (OSTI)

PWP-069 Electricity Markets: Should the Rest of the World Adopt the UK Reforms? Catherine D;1 Electricity Markets: Should the Rest of the World Adopt the UK Reforms?1 By Catherine D. Wolfram2 Britain was one of the first countries to liberalize its electricity industry when it restructured and privatized

California at Berkeley. University of

157

Notes from Financial and Physical Oil Market Linkages  

Gasoline and Diesel Fuel Update (EIA)

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

158

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

Gasoline and Diesel Fuel Update (EIA)

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

159

Development of Optimal Energy Infrastructures for the Oil Sands Industry in a CO?-constrained World.  

E-Print Network (OSTI)

??Western Canadian bitumen is becoming a predominant source of energy for North American markets. The bitumen extraction and upgrading processes in the oil sands industry… (more)

Ordorica Garcia, Jesus Guillermo

2007-01-01T23:59:59.000Z

160

South Africa-The World Bank Partnership for Market Readiness (PMR) | Open  

Open Energy Info (EERE)

South Africa-The World Bank Partnership for Market Readiness (PMR) South Africa-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: South Africa-The World Bank Partnership for Market Readiness (PMR) Name South Africa-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

Note: This page contains sample records for the topic "world oil markets" 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

Costa Rica-The World Bank Partnership for Market Readiness (PMR) | Open  

Open Energy Info (EERE)

Costa Rica-The World Bank Partnership for Market Readiness (PMR) Costa Rica-The World Bank Partnership for Market Readiness (PMR) Jump to: navigation, search Logo: Costa Rica-The World Bank Partnership for Market Readiness (PMR) Name Costa Rica-The World Bank Partnership for Market Readiness (PMR) Agency/Company /Organization World Bank Partner Australia, Denmark, EC, Germany, Japan, Netherlands, Norway Spain, Switzerland, UK, and US Sector Climate, Energy Focus Area Non-renewable Energy, Buildings, Economic Development, Energy Efficiency, Goods and Materials, Greenhouse Gas, Grid Assessment and Integration, Industry, Offsets and Certificates, People and Policy, Transportation Topics Baseline projection, Finance, GHG inventory, Implementation, Low emission development planning, Market analysis, Policies/deployment programs

162

East Asia now important factor in oil world  

SciTech Connect

On one level the countries of East Asia are vital components of the global energy equation specifically in regard to oil production and are directly affected by the entire world. But equally they are independent nation states with their own particular energy characteristics, making each country worthy of specific consideration. There is not necessarily a regional dimension to every energy issue facing the countries and one must be careful to avoid facile generalizations about the region. For the purpose of this article, East Asia will be defined as Japan, the newly industrialized economies of Hong Kong, Singapore, Taiwan and South Korea; the industrializing economies of Malaysia, Thailand, Indonesia, and the Philippines, and the remainder, excluding the Indian subcontinent, but including China, Burma, and Viet Nam. Together these countries contain some one third of the world's population and produce around a fifth of the world gross domestic product (GDP). For the past 3 decades, they have made up the fastest growing economic region of the world. However, East Asia cannot be considered in isolation from the Middle East. No examination of any energy topic can ignore the importance of that area.

Norton, H. (BP Asia Pacific and Middle East (SG))

1991-10-21T23:59:59.000Z

163

Available online at www.sciencedirect.com Future world oil production: growth, plateau, or peak?  

E-Print Network (OSTI)

Available online at www.sciencedirect.com Future world oil production: growth, plateau, or peak considers how long world oil production can continue to grow or if it will eventually plateau or peak and then decline. The paper concludes with the observation that whether peak oil has already occurred

Ito, Garrett

164

Drewry: Mideast in firm control of world oil supplies for 1990s  

SciTech Connect

Surging economic growth in the Far East will push up world crude oil demand steadily in the 1990s despite the current economic downturn. It will fall to members of the Organization of Petroleum Exporting Countries to meet that increased demand, given the expected decline in non-OPEC production. And because OPEC members in the Persian Gulf region are best positioned to meet the increase, the balance of power in oil markets will shift even more in favor of the Middle East. Seaborne oil exports from the Middle East will jump almost 30% by 1997 from 1991 levels. There will be a worldwide rise of 16% in the volume of seaborne crude oil trade, with a 29% hike in movements of refined products by tanker. Those are among the findings of a report by Drewry Shipping Consultants Ltd., London. Drewry said, It is expected that 1992 will be a low point in non-OPEC output and that production levels will recover steadily from 1993 onward, although not rapidly enough to match the anticipated rise in demand. Drewry estimates non-OPEC production in 1997 at 37.1 million b/d vs. 38.1 million b/d in 1991. With non-OPEC production falling by 2.6% between 1991 and 1997, OPEC producers will have the scope to increase their output by almost 32% over the same period.

Not Available

1993-02-08T23:59:59.000Z

165

Vehicle Technologies Office: Fact #380: July 11, 2005 World Oil Reserves,  

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

80: July 11, 2005 80: July 11, 2005 World Oil Reserves, Production, and Consumption, 2004 to someone by E-mail Share Vehicle Technologies Office: Fact #380: July 11, 2005 World Oil Reserves, Production, and Consumption, 2004 on Facebook Tweet about Vehicle Technologies Office: Fact #380: July 11, 2005 World Oil Reserves, Production, and Consumption, 2004 on Twitter Bookmark Vehicle Technologies Office: Fact #380: July 11, 2005 World Oil Reserves, Production, and Consumption, 2004 on Google Bookmark Vehicle Technologies Office: Fact #380: July 11, 2005 World Oil Reserves, Production, and Consumption, 2004 on Delicious Rank Vehicle Technologies Office: Fact #380: July 11, 2005 World Oil Reserves, Production, and Consumption, 2004 on Digg Find More places to share Vehicle Technologies Office: Fact #380:

166

Vehicle Technologies Office: Fact #266: May 5, 2003 World Oil Reserves,  

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

6: May 5, 2003 6: May 5, 2003 World Oil Reserves, Production, and Consumption, 2002 to someone by E-mail Share Vehicle Technologies Office: Fact #266: May 5, 2003 World Oil Reserves, Production, and Consumption, 2002 on Facebook Tweet about Vehicle Technologies Office: Fact #266: May 5, 2003 World Oil Reserves, Production, and Consumption, 2002 on Twitter Bookmark Vehicle Technologies Office: Fact #266: May 5, 2003 World Oil Reserves, Production, and Consumption, 2002 on Google Bookmark Vehicle Technologies Office: Fact #266: May 5, 2003 World Oil Reserves, Production, and Consumption, 2002 on Delicious Rank Vehicle Technologies Office: Fact #266: May 5, 2003 World Oil Reserves, Production, and Consumption, 2002 on Digg Find More places to share Vehicle Technologies Office: Fact #266:

167

Vehicle Technologies Office: Fact #220: June 10, 2002 World Oil Reserves,  

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

0: June 10, 2002 0: June 10, 2002 World Oil Reserves, Production, and Consumption, 2001 to someone by E-mail Share Vehicle Technologies Office: Fact #220: June 10, 2002 World Oil Reserves, Production, and Consumption, 2001 on Facebook Tweet about Vehicle Technologies Office: Fact #220: June 10, 2002 World Oil Reserves, Production, and Consumption, 2001 on Twitter Bookmark Vehicle Technologies Office: Fact #220: June 10, 2002 World Oil Reserves, Production, and Consumption, 2001 on Google Bookmark Vehicle Technologies Office: Fact #220: June 10, 2002 World Oil Reserves, Production, and Consumption, 2001 on Delicious Rank Vehicle Technologies Office: Fact #220: June 10, 2002 World Oil Reserves, Production, and Consumption, 2001 on Digg Find More places to share Vehicle Technologies Office: Fact #220:

168

Vehicle Technologies Office: Fact #88: May 11, 1999 World Oil Reserves,  

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

8: May 11, 1999 8: May 11, 1999 World Oil Reserves, Production, and Consumption, 1998 to someone by E-mail Share Vehicle Technologies Office: Fact #88: May 11, 1999 World Oil Reserves, Production, and Consumption, 1998 on Facebook Tweet about Vehicle Technologies Office: Fact #88: May 11, 1999 World Oil Reserves, Production, and Consumption, 1998 on Twitter Bookmark Vehicle Technologies Office: Fact #88: May 11, 1999 World Oil Reserves, Production, and Consumption, 1998 on Google Bookmark Vehicle Technologies Office: Fact #88: May 11, 1999 World Oil Reserves, Production, and Consumption, 1998 on Delicious Rank Vehicle Technologies Office: Fact #88: May 11, 1999 World Oil Reserves, Production, and Consumption, 1998 on Digg Find More places to share Vehicle Technologies Office: Fact #88: May

169

Palm Oil: Production, Processing, Uses, and CharacterizationChapter 7 The Economics of Malaysian Palm Oil Production, Marketing and Utilization  

Science Conference Proceedings (OSTI)

Palm Oil: Production, Processing, Uses, and Characterization Chapter 7 The Economics of Malaysian Palm Oil Production, Marketing and Utilization Food Science Health Nutrition Biochemistry Processing eChapters Food Science & Technology H

170

Long Term World Oil Supply (A Resource Base/Production Path ...  

U.S. Energy Information Administration (EIA)

Table of Contents. Long Term World Oil Supply (A Resource Base/Production Path Analysis) Executive Summary. Executive Summary (Continued) Executive ...

171

Changing World Product Markets and Potential Refining Capacity Increases  

Reports and Publications (EIA)

The presentation explores potential refinery capacity increases over the next 5 years in various world regions, based on changing demand patterns, changing price incentives, and capacity expansion announcements.

Information Center

2006-03-20T23:59:59.000Z

172

Changing World Product Markets and Potential Refining Capacity ...  

U.S. Energy Information Administration (EIA)

The presentation explores potential refinery capacity increases over the next 5 years in various world regions, based on changing demand patterns, changing price ...

173

Analysing and modelling international trade patterns of the Australian wine industry in the world wine market.  

E-Print Network (OSTI)

??Since the mid-1980s, trade liberalisation has encouraged the growth of Australia’s international trade. The Australian wine industry has been successful in the world wine market,… (more)

Boriraj, Jumpoth

2008-01-01T23:59:59.000Z

174

World Oil Prices and Production Trends in AEO2010 (released in AEO2010)  

Reports and Publications (EIA)

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 liquidssuch as conventional crude oil, natural gas plant liquids, and refinery gainin addition to unconventional liquids, which include biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

Information Center

2010-05-11T23:59:59.000Z

175

Oil Markets After the Hurricanes: Reversion to the Mean or Return to Recent Trend?  

Reports and Publications (EIA)

This presentation focuses on the impacts Hurricanes Katrina, Rita, and Wilma will have on oil markets (supply, demand, stocks, and imports) in the fourth quarter of 2005 and into 2006. The presentation looks examines whether oil markets are likely to return to much lower prices (the long term average) or continue the trend of high oil prices seen over the last couple of years.

Information Center

2005-12-14T23:59:59.000Z

176

Estimating relative confidence of conditional world oil supply and demand equilibrium  

SciTech Connect

This paper draws from the survey by the National Petroleum Council (NPC) of industry representatives and consulting/forecasting organizations on the likely market configuration under two different world oil price scenarios. The pseudo-data approach treats the forecast price and quantity variables from the various forecasts as pooled time-series, cross-sectional data, and applies traditional econometric techniques to estimate supply and demand curves. We focus on estimating US domestic supply and demand curves and respondent-specific shift factors from a subsample of the NPC survey. We find that all respondents in the survey are more confident about demand than supply forecasts. The underlying differences in individual GNP forecasts account for much of the uncertainty in demand for most respondents, but are still 2 to 6 times more confident of demand than supply. 4 refs., 1 fig., 6 tabs.

Boyd, G.A.; Hanson, D.A.; Hochheiser, H.W.

1987-01-01T23:59:59.000Z

177

Do OPEC Members Know Something the Market Doesn’t? “Fair Price ” Pronouncements and the Market Price of Crude Oil  

E-Print Network (OSTI)

OPEC producers, individually or collectively, often make statements regarding the “fair price ” of crude oil. In some cases, the officials commenting are merely affirming the price prevailing in the crude oil market at the time. In many cases, however, we document that they explicitly disagree with the contemporaneous futures price. A natural question is whether these “fair price ” pronouncements contain information not already reflected in market prices. To find the answer, we collect “fair price ” statements made between 2000 and 2009 by officials from OPEC or OPEC member countries. Visually, the “fair price ” series looks like a sampling discretely drawn (with a lag) from the daily futures market price series. Formally, we use several methodologies to establish that “fair price ” pronouncements have little influence on the market price of crude oil and that they supply little or no new news to oil futures market participants.

Celso Brunetti; Bahattin Büyük?ahin; Michel A. Robe; Kirsten R. Soneson; David Reiffen; Bob Buckley; Rasmus Fatum; Robert L. Losey; Jim Moser; Adam Sieminski; Phil Verlegger; Joe Konizeski

2010-01-01T23:59:59.000Z

178

Arbitrage free cointegrated models in gas and oil future markets  

E-Print Network (OSTI)

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

Benmenzer, Grégory; Jérusalem, Céline

2007-01-01T23:59:59.000Z

179

Multi-Factor Model of Correlated Commodity - Forward Curves for Crude Oil and Shipping Markets  

E-Print Network (OSTI)

An arbitrage free multi-factor model is developed of the correlated forward curves of the crude oil, gasoline, heating oil and tanker shipping markets. Futures contracts trading on public exchanges are used as the primary ...

Ellefsen, Per Einar

2009-01-01T23:59:59.000Z

180

How Increased Crude Oil Demand by China and India Affects the International Market  

E-Print Network (OSTI)

-WTI Spot Cushing US$/BBL Brent Crude Oil-Brent Dated FOB US$/BBL Dubai Crude Oil-Arab Gulf Dubai FOB US$/BBL Tapis Crude Oil-Malaysia Tapis FOB US$/BBL Urals Crude Oil-Urals FOB US$/BBL Bonny Crude Oil-Africa FOB1 How Increased Crude Oil Demand by China and India Affects the International Market

Note: This page contains sample records for the topic "world oil markets" 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.
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181

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

182

Perspective on Real Monthly World Oil Prices, 1976 - 2000  

Gasoline and Diesel Fuel Update (EIA)

depicted as the average price refiners pay for imported oil, in inflation-adjusted terms. Since US refiners buy crude oil from so many different countries, This is a good...

183

PEAKING OF WORLD OIL PRODUCTION: IMPACTS, MITIGATION, & RISK MANAGEMENT  

E-Print Network (OSTI)

sands are an important unconventional energy re- source. The total inplace volume of heavy-oil is muchFrequency dependent elastic properties and attenuation in heavy-oil sands: comparison between mea) properties of heavy-oil sands over a range of frequencies (2 - 2000Hz) covering the seismic bandwidth

Laughlin, Robert B.

184

EIA World Oil Production Projections, 1990-2020  

U.S. Energy Information Administration (EIA)

1. EIA’s International Energy Outlook 2000 predicts that the global conventional oil production peak will occur after 2020, since production is still ...

185

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

hand, the literature on crude oil usually assumes a COFconsequence of extracting crude oil. User costs include thecountries, at times when crude oil prices surged during 2002

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

2010-01-01T23:59:59.000Z

186

Future world oil supply and demand-the impact on domestic exploration  

SciTech Connect

Current world oil consumption (demand) of about 68 million B/D will increase to over 81 million B/D in 10 years. World oil production capacity (supply), currently 6-8% over current demand, cannot meet this demand without adequate investments to boost capacity, particularly in the Middle East. Because of low oil prices these investments are not being made. In 10 years the Middle East needs to supply over 50% of the worlds oil; the Far East will by then surpass North America in demand. It is very possible that there will soon be a period of time when the supply/demand balance will be, or will perceived to be failing. This may cause rapid rises in crude oil prices until the balance is again achieved. Crude oil prices are actually quite volatile; the steadiness and abnormally low prices in recent years has been due to several factors that probably won`t be present in the period when the supply/demand situation is seen to be unbalanced. Domestic oil exploration is strongly affected by the price of crude oil and domestic producers should soon benefit by rising oil prices. Exploration will be stimulated, and small incremental amounts of new oil should be economically viable. Oil has been estimated to be only 2% of the total cost of producing all U.S. goods and services-if so, then oil price increase should not create any real problems in the total economic picture. Nevertheless, certain industries and life styles heavily dependent on cheap fuel will have problems, as the days of cheap oil will be gone. Future undiscovered oil in the Earth could be one trillion barrels or more, equal to the amount now considered as proved reserves. There will soon be more of a challenge to find and produce this oil in sufficient quantity and at a competitive cost with other sources of energy. This challenge should keep us busy.

Townes, H.L.

1995-09-01T23:59:59.000Z

187

Essays on Forecasting and Hedging Models in the Oil Market and Causality Analysis in the Korean Stock Market  

E-Print Network (OSTI)

In this dissertation, three related issues concerning empirical time series models for energy financial markets and the stock market were investigated. The purpose of this dissertation was to analyze the interdependence of price movements, focusing on the forecasting models for crude oil prices and the hedging models for gasoline prices, and to study the change in the contemporaneous causal relationship between investors' activities and stock price movements in the Korean stock market. In the first essay, the nature of forecasting crude oil prices based on financial data for the oil and oil product market is examined. As crack spread and oil-related Exchange-Traded Funds (ETFs) have enabled more consumers and investors to gain access to the crude oil and petroleum products markets, I investigated whether crack spread and oil ETFs were good predictors of oil prices and attempted to determine whether crack spread or oil ETFs were better at explaining oil price movements. In the second essay, the effectiveness of diverse hedging models for the unleaded gasoline price is examined using futures and ETFs. I calculated the optimal hedge ratios for gasoline futures and gasoline ETF utilizing several advanced econometric models and then compared their hedging performances. In the third essay, the contemporaneous causal relationship between multiple players' activities and stock price movements in the Korean stock market was investigated using the framework of a DAG model. The causal impacts of three players' activities in regard to stock return and stock price volatility are examined, concentrating on foreign investor activities. Within this framework, two Korean stock markets, the KSE and KOSDAQ markets, are analyzed and compared. Recognizing the global financial crisis of 2008, the change in casual relationships was examined in terms of pre- and post-break periods. In conclusion, when a multivariate econometric model is developed for multi-markets and multi-players, it is necessary to consider a number of attributes on data relations, including cointegration, causal relationship, time-varying correlation and variance, and multivariate non-normality. This dissertation employs several econometric models to specify these characteristics. This approach will be useful in further studies of the information transmission mechanism among multi-markets or multi-players.

Choi, Hankyeung

2012-08-01T23:59:59.000Z

188

Supply disruptions have negligible impact on oil market. (loss ...  

U.S. Energy Information Administration (EIA)

WASHINGTON -- Supply disruptions that normally would bolster oil prices had little impact... | Article from The Oil Daily August 3, 1993

189

World Oil Prices and Production Trends in AEO2008 (released in AEO2008)  

Reports and Publications (EIA)

AEO2008 defines the world oil price as the price of light, low-sulfur crude oil delivered in Cushing, Oklahoma. Since 2003, both above ground and below ground factors have contributed to a sustained rise in nominal world oil prices, from $31 per barrel in 2003 to $69 per barrel in 2007. The AEO2008 reference case outlook for world oil prices is higher than in the AEO2007 reference case. The main reasons for the adoption of a higher reference case price outlook include continued significant expansion of world demand for liquids, particularly in non- OECD countries, which include China and India; the rising costs of conventional non-OPEC supply and unconventional liquids production; limited growth in non-OPEC supplies despite higher oil prices; and the inability or unwillingness of OPEC member countries to increase conventional crude oil production to levels that would be required for maintaining price stability. EIA will continue to monitor world oil price trends and may need to make further adjustments in future AEOs.

Information Center

2008-06-26T23:59:59.000Z

190

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

Paris-Sud XI, Université de

191

Is the Leading Role Desirable?: A Simulation Analysis of the Stackelberg Behavior in World Petroleum Market  

Science Conference Proceedings (OSTI)

This article explores extraction profiles in the Stackelberg equilibrium of exhaustible resource industry. Calibrated with real data of world petroleum market, the Stackelberg and Cournot---Nash equilibriums are solved numerically. The properties of ... Keywords: C61, C72, D43, Economic dynamics, Extraction profiles of exhaustible resources, Game theoretic modeling, L13, Numerical simulations, Q41, The Cournot---Nashequilibrium, The Stackelberg equilibrium

Zili Yang

2013-06-01T23:59:59.000Z

192

Campbell-Laherrère World Oil Production Estimates, 1930-2050  

U.S. Energy Information Administration (EIA)

1. Since M. King Hubbert accurately predicted the peak in U.S. oil production, it’s easy to understand why his methodology has gained a following in ...

193

Low Total OECD Oil Stocks* Keep Market Balance Tight  

Gasoline and Diesel Fuel Update (EIA)

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

194

Annual World Oil Demand Growth - U.S. Energy Information ...  

U.S. Energy Information Administration (EIA)

Following relatively small increases of 1.3 million barrels per day in 1999 and 0.8 million barrels per day in 2000, EIA is estimating world demand may grow by 1.5 ...

195

China poised to become the world’s largest net oil importer ...  

U.S. Energy Information Administration (EIA)

EIA's August 2013 Short-Term Energy Outlook forecasts that China's net oil imports will exceed those of the United States by October 2013 on a monthly basis and by ...

196

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

denotes the marginal cost of oil extraction and production.C. Given no-transaction costs, the oil prices in H equal thereduce prices. Oil-exporting countries mitigate the cost by

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

2010-01-01T23:59:59.000Z

197

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

a barrel of crude oil increases with the quantity supplied –use global quantities of GEG imported and consumed by oil-oil-exporting countries is larger and prices lower than the quantity and

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

2010-01-01T23:59:59.000Z

198

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

199

Energy and Financial Markets Overview: Crude Oil Price Formation  

U.S. Energy Information Administration (EIA)

• E&P costs • E&P investments • E&P innovations Physical balancing • Inventories Markets & market behavior • Energy prices ? spot ? futures ? options

200

Finding new reserves of oil and gas As the world's reserves of oil and gas become exhausted, we urgently need to find new  

E-Print Network (OSTI)

Finding new reserves of oil and gas As the world's reserves of oil and gas become exhausted, we urgently need to find new fields to answer our energy needs. Oil companies are keen to use novel techniques) techniques represent arguably the most significant technological advance in the field of oil exploration

Anderson, Jim

Note: This page contains sample records for the topic "world oil markets" 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

Olive Oil: Chemistry and Technology, 2nd Edition  

Science Conference Proceedings (OSTI)

AOCS Monograph Series on Oilseeds,Volume 1 Olive Oil in the World Market, Composition, Quality, Oil Seed Extraction Olive Oil: Chemistry and Technology, 2nd Edition Food Science acid agricultural analysis analytical aocs april articles biotechnology c

202

An Analysis About Market Efficiency in International Petroleum Markets: Evidence from Three Oil Commodities  

Science Conference Proceedings (OSTI)

A modified model for testing market efficiency is presented, with introducing convenience yield and using lagged spot prices to adjust risk premium. Subsequently, an examination about market efficiency in international petroleum markets is given using ... Keywords: Cointegration analysis, Convenience yield, Futures price spot price, International petroleum markets, Market efficiency, Risk premium

Wang Shuping; Li Jianping; Zhang Shulin

2007-05-01T23:59:59.000Z

203

The Role of Inventories and Speculative Trading in the Global Market for Crude Oil  

E-Print Network (OSTI)

We develop a structural model of the global market for crude oil that for the first time explicitly allows for shocks to the speculative demand for oil as well as shocks to the flow demand and flow supply. The forward-looking element of the real price of oil is identified with the help of data on oil inventories. The model estimates rule out explanations of the 2003-08 oil price surge based on unexpectedly diminishing oil supplies and based on speculative trading. Instead, we find that this surge was caused by fluctuations in the flow demand for oil driven by the global business cycle. There is evidence, however, that speculative demand shifts played an important role during earlier oil price shock episodes including 1979, 1986, and 1990. We also show that, even after accounting for the role of inventories in smoothing oil consumption, our estimate of the short-run price elasticity of oil demand is much higher than traditional estimates from dynamic models that do not account for price endogeneity. We conclude that additional regulation of oil markets would not have prevented the 2003-08 oil price surge.

Lutz Kilian; Dan Murphy

2010-01-01T23:59:59.000Z

204

Modeling movements in oil, gold, forex and market indices using search volume index and Twitter sentiments  

Science Conference Proceedings (OSTI)

Study of the forecasting models using large scale microblog discussions and the search behavior data can provide a good insight for better understanding the market movements. In this work we collected a dataset of 2 million tweets and search volume index ... Keywords: Twitter, data mining, forex, gold, microblogging, oil, sentiment analysis, social network analysis, stock market

Tushar Rao, Saket Srivastava

2013-05-01T23:59:59.000Z

205

Black Gold & Fool’s Gold: Speculation in the Oil Futures Market  

E-Print Network (OSTI)

This paper addresses the question of whether the oil price spike of 2003-2008 was a bubble. We document and discuss what is known about the level of speculation in the paper oil market. We then analyze the dynamics of the ...

Parsons, John E.

206

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

207

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

barrel of crude oil in the Middle East was 14.85 US$ between5,000 US$ mark). Although consumption of crude oil in theUS$ for o?shore drilling; in other words, the marginal cost of a barrel of crude oil

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

2010-01-01T23:59:59.000Z

208

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

Gasoline and Diesel Fuel Update (EIA)

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

209

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

E-Print Network (OSTI)

demand, it is dependent on the world real interest rate and the total life-time stock of oil resources, as well as on the marginal extraction and scarcity cost parameters. The theoretical predictions of this model are evaluated using data on the cost...

Mohaddes, Kamiar

2012-03-02T23:59:59.000Z

210

June 2003VOLATILITY IN NATURAL GAS AND OIL MARKETS * by  

E-Print Network (OSTI)

Abstract: 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 volatility during the time of the Enron collapse, and whether natural gas and crude oil price volatilities are interrelated. I also measure the persistence of shocks to volatility and discuss its implications for gas- and oil-related contingent claims.

Robert S. Pindyck; Robert S. Pindyck

2003-01-01T23:59:59.000Z

211

Energy and Financial Markets Overview: Crude Oil Price Formation  

U.S. Energy Information Administration (EIA)

1970 1975 1980 1985 1990 1995 2000 2005 2010 ... oil demand growth, slow supply growth and tight spare capacity 22 Richard Newell, May 5, 2011

212

Rising U.S. oil output leads world oil supply growth  

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

is well on its way to topping 8 million barrels per day by 2014. In its new monthly forecast, the U.S. Energy Information Administration expects daily oil output will average 7.3...

213

Analyzing and Forecasting Volatility Spillovers, Asymmetries and Hedging in Major Oil Markets  

E-Print Network (OSTI)

Abstract: Crude oil price volatility has been analyzed extensively for organized spot, forward and futures markets for well over a decade, and is crucial for forecasting volatility and Value-at-Risk (VaR). There are four major benchmarks in the international oil market, namely West Texas Intermediate (USA), Brent (North Sea), Dubai/Oman (Middle East), and Tapis (Asia-Pacific), which are likely to be highly correlated. This paper analyses the volatility spillover and asymmetric effects across and within the four markets, using three multivariate GARCH models, namely the constant conditional correlation (CCC), vector ARMA-GARCH (VARMA-GARCH) and vector ARMA-asymmetric GARCH (VARMA-AGARCH) models. A rolling window approach is used to forecast the 1-day ahead conditional correlations. The paper presents evidence of volatility spillovers and asymmetric effects on the conditional variances for most pairs of series. In addition, the forecast conditional correlations between pairs of crude oil returns have both positive and negative trends. Moreover, the optimal hedge ratios and optimal portfolio weights of crude oil across different assets and market portfolios are evaluated in order to provide important policy implications for risk management in crude oil markets.

Chia-lin Chang; Michael Mcaleer; Roengchai Tansuchat; Chia-lin Chang; Michael Mcaleer; Roengchai Tansuchat

2010-01-01T23:59:59.000Z

214

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

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

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

215

The Impacts on U.S. Markets and the Economy of Reducing Oil Imports  

Gasoline and Diesel Fuel Update (EIA)

Report Report The Impacts on U.S. Energy Markets and the Economy of Reducing Oil Imports Prepared by Office of Integrated Analysis and Forecasting Energy Information Administration U.S. Department of Energy For The General Accounting Office September 1996 Service Reports are prepared by EIA upon special request and may be based on assumptions specified by the requestor. Information regarding the request for this report is included in the Preface. The Impacts on U.S. Energy Markets and the Economy of Reducing Oil Imports Energy Information Administration, September 1996 For Further Information... The Impacts on U.S. Energy Markets and the Economy of Reducing Oil Imports was prepared by the Energy Information Administration (EIA), Office of Integrated Analysis and Forecasting, under the direction of Mary J. Hutzler

216

The effect of biofuel on the international oil market  

E-Print Network (OSTI)

Paper 1099 The Effect of Biofuel on the International Oilby author(s). The e?ect of biofuel on the international oilto quantify the impact of biofuel on fuel markets, assuming

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

2010-01-01T23:59:59.000Z

217

Y. Yiliyasi and D. Berleant, "World oil reserves data: information quality assessment and analysis," 16th International Conference on Information Quality, Nov. 18-20, 2011, Adelaide, Australia  

E-Print Network (OSTI)

Y. Yiliyasi and D. Berleant, "World oil reserves data: information quality assessment and analysis," 16th International Conference on Information Quality, Nov. 18-20, 2011, Adelaide, Australia WORLD OIL jdberleant@ualr.edu Abstract: While high quality oil data can help oil companies and governments reduce risk

Berleant, Daniel

218

Producers, consumers, and multinationals : problems in analyzing a non-competitive market  

E-Print Network (OSTI)

A paper written two years ago gave a general analysis of the current world oil market, indicating why the price had nothing to do

Adelman, Morris Albert

1977-01-01T23:59:59.000Z

219

Olive Oil: Chemistry and Technology, 2nd EditionChapter 1 The Culture of the Olive Tree (Mediterranean world)  

Science Conference Proceedings (OSTI)

Olive Oil: Chemistry and Technology, 2nd Edition Chapter 1 The Culture of the Olive Tree (Mediterranean world) Food Science Health Nutrition Biochemistry eChapters Food Science & Technology Health - Nutrition - Biochemistry Press

220

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

Note: This page contains sample records for the topic "world oil markets" 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
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221

The domestic natural gas and oil initiative. Energy leadership in the world economy  

SciTech Connect

Two key overarching goals of this Initiative are enhancing the efficiency and competitiveness of U.S. industry and reducing the trends toward higher imports. These goals take into account new Federal policies that reflect economic needs, including economic growth, deficit reduction, job creation and security, and global competitiveness, as well as the need to preserve the environment, improve energy efficiency, and provide for national security. The success of this Initiative clearly requires coordinated strategies that range far beyond policies primarily directed at natural gas and oil supplies. Therefore, this Initiative proposes three major strategic activities: Strategic Activity 1 -- increase domestic natural gas and oil production and environmental protection by advancing and disseminating new exploration, production, and refining technologies; Strategic Activity 2 -- stimulate markets for natural gas and natural-gas-derived products, including their use as substitutes for imported oil where feasible; and Strategic Activity 3 -- ensure cost-effective environmental protection by streamlining and improving government communication, decision making, and regulation. Finally, the Initiative will reexamine the costs and benefits of increase oil imports through a broad new Department of Energy study. This study will form the basis for additional actions found to be warranted under the study.

1993-12-01T23:59:59.000Z

222

The Short-Term Oil Market Outlook - Energy Information Administration  

U.S. Energy Information Administration (EIA)

Forecasts of 2011 growth in world consumption vary, but agree growth will be led by non-OECD countries-0.01 1.46. 1.45-0.16. 1.57. 1.41. 0.18. 1.04. 1.23-0.5

223

The impacts of improving Brazil's transportation infrastructure on the world soybean market  

E-Print Network (OSTI)

The lack of adequate transportation infrastructure in Brazil has been a bottleneck for the soybean producers for many years. Moreover, the costly inland transportation incurred from this bottleneck has resulted in a loss in competitiveness for Brazil compared to other exporting countries, especially the United States. If transportation costs are reduced by introducing improved infrastructure, Brazil is expected to increase its competitiveness in the world soybean market by increasing its exports and producer revenues. On the other hand, the United States and other significant soybean competing exporting countries are expected to lose market share as well as producer revenues. This study uses a spatial equilibrium model to analyze transportation infrastructure improvements proposed by the Brazilian government vis-à-vis enhance the nation’s soybean transportation network. The analyzed transportation improvements are: (i) the development of the Tapajós-Teles Pires waterway; (ii) the completion of the BR- 163 highway; (iii) the construction of the Mortes-Araguaia waterway; (iv) the Ferronorte railroad expansion to Rondonópolis and the linkage between the city of Rio Verde to Uberlândia; and (v) the Ferropar railroad expansion to the city of Dourados. The model specifies the Brazilian inland transportation network and the international ocean shipments. The model divides Brazil into 18 excess supply regions and 8 excess demand regions. The competing exporting countries are the United States, Argentina, Rest of South America (Bolivia, Paraguay, and Uruguay), Canada, and India. The importing countries are composed of China, European Union, Southeast Asia, Mexico, and the Rest of the World. Results suggest these proposed transportation improvements yield potential noteworthy gains to Brazil with producer revenues increasing more than $500 million and exports increasing by 177 thousand metric tons. Consequently, the world soybean price declines by $1.16 per metric ton and producer revenues and exports in the United States fall by 63 thousand metric tons and $104.89 million, respectively. Although the absolute gains in price, revenues, and exports for Brazil are considerable, they only represent in relative changes 1.48, 2.35, and 0.32 percent, respectively. Similarly, the loss in price, revenue, and export value for the United States is also low, declining by 0.23, 0.23, and 0.12 percent, respectively.

Costa, Rafael de Farias

2007-12-01T23:59:59.000Z

224

The impacts of improving Brazil's transportation infrastructure on the world soybean market  

E-Print Network (OSTI)

The lack of adequate transportation infrastructure in Brazil has been a bottleneck for the soybean producers for many years. Moreover, the costly inland transportation incurred from this bottleneck has resulted in a loss in competitiveness for Brazil compared to other exporting countries, especially the United States. If transportation costs are reduced by introducing improved infrastructure, Brazil is expected to increase its competitiveness in the world soybean market by increasing its exports and producer revenues. On the other hand, the United States and other significant soybean competing exporting countries are expected to lose market share as well as producer revenues. This study uses a spatial equilibrium model to analyze transportation infrastructure improvements proposed by the Brazilian government vis-a?-vis enhance the nation's soybean transportation network. The analyzed transportation improvements are: (i) the development of the Tapajo?s-Teles Pires waterway; (ii) the completion of the BR- 163 highway; (iii) the construction of the Mortes-Araguaia waterway; (iv) the Ferronorte railroad expansion to Rondono?polis and the linkage between the city of Rio Verde to Uberla?ndia; and (v) the Ferropar railroad expansion to the city of Dourados. The model specifies the Brazilian inland transportation network and the international ocean shipments. The model divides Brazil into 18 excess supply regions and 8 excess demand regions. The competing exporting countries are the United States, Argentina, Rest of South America (Bolivia, Paraguay, and Uruguay), Canada, and India. The importing countries are composed of China, European Union, Southeast Asia, Mexico, and the Rest of the World. Results suggest these proposed transportation improvements yield potential noteworthy gains to Brazil with producer revenues increasing more than $500 million and exports increasing by 177 thousand metric tons. Consequently, the world soybean price declines by $1.16 per metric ton and producer revenues and exports in the United States fall by 63 thousand metric tons and $104.89 million, respectively. Although the absolute gains in price, revenues, and exports for Brazil are considerable, they only represent in relative changes 1.48, 2.35, and 0.32 percent, respectively. Similarly, the loss in price, revenue, and export value for the United States is also low, declining by 0.23, 0.23, and 0.12 percent, respectively.

Costa, Rafael de Farias

2007-12-01T23:59:59.000Z

225

Increasing Global Renewable Energy Market Share  

E-Print Network (OSTI)

to experience even greater energy supply uncertainties and price increases from fossil fuels. Recent trendsIncreasing Global Renewable Energy Market Share: Recent Trends and Perspectives Final Report a time of growing volatility and uncertainty in world energy markets. Oil price increases, which hit oil

Damm, Werner

226

World's 1993 oil flow slips; demand to move up in 1994  

Science Conference Proceedings (OSTI)

World crude oil production in 1993 was down slightly from the year before. Production averaged 59.752 million b/d, off 287,000 b/d from 1992, largely because of production declines in the Commonwealth of Independent States (C.I.S.) and US. Those declines were offset in part by increases among members of the Organization of Petroleum Exporting Countries as well as in regions such as the North Sea and other non-OPEC areas. International Energy Agency (IEA) figures show world demand for petroleum products fell 100,000 b/d in 1993 to average 67 million b/d for the year. This included a stock build estimated at 400,000 b/d. IEA expects world demand to move up this year. However, it is still doubtful whether OPEC production will have to expand to meet the higher level of consumption. That will depend on decisions about additions to stocks. The paper discusses OPEC production, OPEC quota, world liquids supply, world demand, and outlook for 1994.

Beck, R.J.

1994-03-14T23:59:59.000Z

227

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 demand, it is dependent on the world real interest rate and the total life-time stock of oil resources, as well as on the marginal extraction and scarcity cost parameters. The theoretical predictions of this model are evaluated using data on the cost of extraction, cumulative production, and proven reserves. The predicted terminal prices seem sensible for a range of parameters and variables, as illustrated by the sensitivity analysis. Using the terminal price of oil, we calculate the time to depletion, and determine the extraction and price pro…les over the life-time of the resource. The extraction pro…les generated seem to be in line with the actual production and the predicted prices are generally in line with those currently observed.

Kamiar Mohaddes

2013-01-01T23:59:59.000Z

228

Market survey on products from the Tema Oil Refinery carried out as part of the feasibility study on the Tema Oil Refinery expansion project. Export trade information  

SciTech Connect

The Tema Oil Refinery (TOR), which was commissioned in 1963, is a simple hydroskimming plant which processes crude oil into LPG, gasoline, kerosene, gasoil, and fuel oil. It is the only petroleum refinery in Ghana. Over the years some of the equipment in the refinery has deteriorated or become obsolete necessitating major rehabilitation. A feasibility study is investigating the modernization and expansion of the refinery to meet projected market demands until the year 2005. The report presents the results of a market survey done on products from TOR.

Not Available

1991-10-01T23:59:59.000Z

229

Crude Oil  

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

Barrels) Product: Crude Oil Liquefied Petroleum Gases Distillate Fuel Oil Residual Fuel Oil Still Gas Petroleum Coke Marketable Petroleum Coke Catalyst Petroleum Coke Other...

230

An analysis of the money market linkages between South Africa and selected major world economies.  

E-Print Network (OSTI)

??Globalisation and financial liberalisation has increased the linkages across countries in recent times. The existence of money market links has important implications for both domestic… (more)

Barnor, Joel A.

2009-01-01T23:59:59.000Z

231

EIA model documentation: World oil refining logistics demand model,``WORLD`` reference manual. Version 1.1  

SciTech Connect

This manual is intended primarily for use as a reference by analysts applying the WORLD model to regional studies. It also provides overview information on WORLD features of potential interest to managers and analysts. Broadly, the manual covers WORLD model features in progressively increasing detail. Section 2 provides an overview of the WORLD model, how it has evolved, what its design goals are, what it produces, and where it can be taken with further enhancements. Section 3 reviews model management covering data sources, managing over-optimization, calibration and seasonality, check-points for case construction and common errors. Section 4 describes in detail the WORLD system, including: data and program systems in overview; details of mainframe and PC program control and files;model generation, size management, debugging and error analysis; use with different optimizers; and reporting and results analysis. Section 5 provides a detailed description of every WORLD model data table, covering model controls, case and technology data. Section 6 goes into the details of WORLD matrix structure. It provides an overview, describes how regional definitions are controlled and defines the naming conventions for-all model rows, columns, right-hand sides, and bounds. It also includes a discussion of the formulation of product blending and specifications in WORLD. Several Appendices supplement the main sections.

Not Available

1994-04-11T23:59:59.000Z

232

Running Out of and Into Oil: Analyzing Global Oil Depletion and Transition Through 2050  

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

L. Greene, Janet L. Hopson, and Jia Li L. Greene, Janet L. Hopson, and Jia Li A risk analysis is presented of the peaking of world conventional oil pro- duction and the likely transition to unconventional oil resources such as oil sands, heavy oil, and shale oil. Estimates of world oil resources by the U.S. Geological Survey (USGS) and C. J. Campbell provide alternative views of ultimate world oil resources. A global energy scenario created by the International Institute of Applied Systems Analysis and the World Energy Council provides the context for the risk analysis. A model of oil resource depletion and expansion for 12 world regions is combined with a market equilibrium model of conventional and unconventional oil sup- ply and demand. The model does not use Hubbert curves. Key variables

233

Measuring oil-price shocks using market-based information’, Federal Reserve Bank of San Francisco Working Paper No  

E-Print Network (OSTI)

This paper takes on a narrative and quantitative approach to examine the dynamic effects of oil-price shocks to the U.S. economy. Based on market information collected from various oil-industry trade journals, we separate different kinds of oilprice shocks, and construct measures of exogenous oil shocks that are free of endogeneity and anticipatory problems. Estimation results indicate that oil shocks have had substantial and statistically significant impacts on the U.S. economy during the past two and a half decades. By contrast, traditional VAR identification strategies lead to a much weaker and insignificant real effect for the same period. Further investigation suggests that this discrepancy is possibly due to a lack of identification on the VAR approach, originating from mixing the exogenous oil-supply shocks with endogenous oil-price movements driven by changes in oil demand.

Tao Wu; Michele Cavallo

2006-01-01T23:59:59.000Z

234

As the world economy grows - OPEC holds the line  

SciTech Connect

As economic indicators reflect the growth throughout the world following several years of stagnation, energy demand, particularly petroleum, is picking up as well. After enduring historically low oil prices, oil producers welcome the higher demand, but seek higher prices. To accomplish this, OPEC has adopted a long term fundamental strategy in contrast to reacting to short term market volatility in the past. This issue details regional oil demand and output around the world.

Not Available

1994-11-28T23:59:59.000Z

235

Future world oil production: Growth, plateau, or peak?1 Larry Hughes and Jacinda Rudolph  

E-Print Network (OSTI)

" and "Unconventional." Conventional oil is typically the highest quality, lightest oil, which flows from underground reservoirs with comparative ease, and it is the least expensive to produce. Unconventional oils are heavy the problem will be pervasive and long lasting. Oil peaking repre- sents a liquid fuels prob- lem

Hughes, Larry

236

Oil and Natural Gas Market Supply and Renewable Portfolio Standard Impacts of Selected Provisions of H.R. 3221  

Gasoline and Diesel Fuel Update (EIA)

Oil and Natural Gas Market Supply and Renewable Portfolio Standard Impacts of Selected Provisions of Oil and Natural Gas Market Supply and Renewable Portfolio Standard Impacts of Selected Provisions of H.R. 3221 1 Oil and Natural Gas Market Supply and Renewable Portfolio Standard Impacts of Selected Provisions of H.R. 3221 November 2007 This paper responds to an October 31, 2007, request from Representatives Barton, McCrery, and Young. Their letter, a copy of which is provided as Appendix A, asks the Energy Information Administration (EIA) to assess selected provisions of H.R. 3221, the energy bill adopted by the House of Representatives in early August 2007. EIA was asked to focus on Title VII, dealing with energy on Federal lands; Section 9611, which would establish a Federal renewable portfolio standard (RPS) for certain electricity sellers; and Section 13001, which would eliminate the

237

The impacts on U.S. energy markets and the economy of reducing oil imports. Service report  

SciTech Connect

The General Accounting Office (GAO) has responded to a request from Representative John Kasich by requesting that the Energy Information Administration (EIA) use the National Energy Modeling System (NEMS) to estimate the cost to the U.S. economy of reducing oil imports. The analysis summarized by this paper focuses on two approaches toward a target reduction in oil imports: (1) a set of cases with alternative world crude oil price trajectories, and (2) two cases which investigates the use of an oil import fee.

1996-09-01T23:59:59.000Z

238

AEO2012 considers three cases for the future of world oil prices ...  

U.S. Energy Information Administration (EIA)

... coal-to-liquids, biomass-to-liquids, gas-to-liquids, extra-heavy oils, and oil shale. Download CSV Data. The Annual Energy Outlook 2012 (AEO2012) ...

239

World Oil Prices and Production Trends in AEO2009 (released in AEO2009)  

Reports and Publications (EIA)

The oil prices reported in AEO2009 represent the price of light, low-sulfur crude oil in 2007 dollars [50]. Projections of future supply and demand are made for liquids, a term used to refer to those liquids that after processing and refining can be used interchangeably with petroleum products. In AEO2009, liquids include conventional petroleum liquidssuch as conventional crude oil and natural gas plant liquidsin addition to unconventional liquids, such as biofuels, bitumen, coal-to-liquids (CTL), gas-to-liquids (GTL), extra-heavy oils, and shale oil.

Information Center

2009-03-31T23:59:59.000Z

240

U.S. Distillate Market  

Gasoline and Diesel Fuel Update (EIA)

Market Regional Residential Heating Oil Prices Retail Diesel Fuel Oil Prices Crude Oil Price Cycles Spot Distillate & Crude Oil Prices.(Prices through March 3, 2000) Low...

Note: This page contains sample records for the topic "world oil markets" 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

Market  

... and its contributions to society and the economy; The marketing group values suggestions from researchers regarding companies to approach.

242

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

E-Print Network (OSTI)

2006 Wind Solar Geothermal Hydroelectric y Coal Wood & Wasteelectricity are nuclear and hydroelectric power. The other

Borenstein, Severin

2008-01-01T23:59:59.000Z

243

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

E-Print Network (OSTI)

than 20% compared to Corn ethanol does signi?cantly reducebiofuel in the U.S. is corn-based ethanol. Over 95% ofremainder coming from corn-based ethanol. Unfortunately, due

Borenstein, Severin

2008-01-01T23:59:59.000Z

244

Winter Fuels Market Assessment 2000  

Gasoline and Diesel Fuel Update (EIA)

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

245

EIA - Is offshore West Africa the world's next frontier for oil...  

Annual Energy Outlook 2012 (EIA)

Between 2007 and 2009, oil discoveries off the West African coast resulted in a flurry of exploration and production activity, with a number of companies showing active interest in...

246

World Natural Gas, 1978  

Science Conference Proceedings (OSTI)

World marketed production of natural gas in 1978 totaled 51.749 trillion CF (up from 50.1 TCF in 1977); this 3.3% increase, however, was slightly lower than 1977's 3.7% rise. US production, which fell 0.3% dropped to 38.6% of the world total, while the USSR share (13.137 TCF) accounted for 25.4% (for a growth rate of 7.5%). Of the world gross production of 62.032 TCF, 69.7% came from gas wells; the remainder was associated with oil. Thirty-one percent of the 10.282 TCF difference between gross and marketed gas production was used for oil reservoir repressuring, while the balance (7.094 TCF) was vented and flared. Internationally traded gas movements rose to 11.6% of production. The Netherlands, the USSR, and Canada accounted for 30.6%, 20.1% and 14.7%, respectively, of total 1978 exports. At 0.956 TCF, LNG shipments accounted for 15.9% of world trade, a 35.2% higher share than in 1977; most of this growth was due to increased Indonesia-to-Japan volumes.

Not Available

1980-07-01T23:59:59.000Z

247

Hawaii energy strategy project 2: Fossil energy review. Task 1: World and regional fossil energy dynamics  

SciTech Connect

This report in the Hawaii Energy Strategy Project examines world and regional fossil energy dynamics. The topics of the report include fossil energy characteristics, the world oil industry including reserves, production, consumption, exporters, importers, refining, products and their uses, history and trends in the global oil market and the Asia-Pacific market; world gas industry including reserves, production, consumption, exporters, importers, processing, gas-based products, international gas market and the emerging Asia-Pacific gas market; the world coal industry including reserves, classification and quality, utilization, transportation, pricing, world coal market, Asia-Pacific coal outlook, trends in Europe and the Americas; and environmental trends affecting fossil fuels. 132 figs., 46 tabs.

Breazeale, K. [ed.; Isaak, D.T.; Yamaguchi, N.; Fridley, D.; Johnson, C.; Long, S.

1993-12-01T23:59:59.000Z

248

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

249

International Energy Outlook 2006 - World Energy and Economic Outlook  

Gasoline and Diesel Fuel Update (EIA)

1: World Energy and Economic Outlook 1: World Energy and Economic Outlook The IEO2006 projections indicate continued growth in world energy use, despite world oil prices that are 35 percent higher in 2025 than projected in last yearÂ’s outlook. Energy resources are thought to be adequate to support the growth expected through 2030. Figure 7. World Marketed Energy Consumption, 1980-2030 (Quadrillion Btu). Need help, contact the National Energy Information Center at 202-586-8800. Figure Data Figure 8. World Marketed Energy Use: OECD and Non-OECD, 1980-2030 (Quadrillion Btu). Need help, contact the National Energy Information Center at 202-586-8800. Figure Data Table 1. World Marketed Energy Consumption by Country Grouping, 2003-2030 (Quadrillion Btu) Printer friendly version Region 2003 2010 2015 2020 2025 2030 Average Annual Percent Change, 2003-2030

250

Petroleum Marketing Annual, 1987  

SciTech Connect

In world crude oil markets, 1987 was a year of limited recovery and relative stability after the dramatic price slide of early 1986. Both foreign and domestic crude thereafter, ending the year somewhat higher than a year ago. In contrast, product wholesale markets remained relatively stable throughout the year, while retail prices sustained a fairly steady increase. As has been the case for over a decade, major price movements in international oil markets generally reflected responses to actual or perceived changes in the policies of the Organization of Petroleum Exporting Countries (OPEC) and/or its members. The year began with prices on an upward trend, in reaction to the December 1986 OPEC meeting in which the members resolved to return to an official pricing structure (a departure from the market-based pricing of 1986), and to reduce output quotas. Prices continued to rise until August, when evidence of continued OPEC overproduction appeared to outweigh market optimism, triggering a gradual slide that lasted the remainder of the year. Even with the downturn in the fourth quarter, crude oil markets in 1987, as measured by refiner acquisition costs, finished the year above year-end 1986 levels, and considerably above the lows reached in mid-1986. OPEC's struggle to maintain stable prices and production levels in 1987 reflected the organization's difficulties in reaching and enforcing agreements among its politically and economically diverse membership. 11 figs., 49 tabs.

1988-10-31T23:59:59.000Z

251

Oil Dependence: The Value of R{ampersand}D  

SciTech Connect

Over the past quarter century the United States` dependence on oil has cost its economy on the order of $5 trillion. Oil dependence is defined as economically significant consumption of oil, given price inelastic demand in the short and long run and given the ability of the OPEC cartel to use market power to influence oil prices. Although oil prices have been lower and more stable over the past decade, OPEC still holds the majority of the world`s conventional oil resources according to the best available estimates. OPEC`s share of the world oil market is likely to grow significantly in the future,restoring much if not all of their former market power. Other than market share, the key determinants of OPEC`s market power are the long and short run price elasticities of world oil demand and supply. These elasticities depend critically on the technologies of oil supply and demand, especially the technology of energy use in transportation. Research and development can change these elasticities in fundamental ways, and given the nature of the problem,the government has an important role to play in supporting such research.

Greene, D.L.

1997-07-01T23:59:59.000Z

252

Pricaspian depression - the unique oil & gas-bearing basin of the World  

SciTech Connect

The Pricaspian depression is a unique oil and gas-bearing basin. The total sedimentary rock volume in the basin is about 8 million km{sup 3}. More than 100 oil and gas fields have been discovered in the basin including extremely large fields, such as Tengiz, Astrakhan, and Karachaganak. The basin is filled with Devonian to Neogene sediments, a very wide range in age for a single sedimentary basin. The range in age and composition of the rocks results in complex geology, complex conditions for producing oil and gas, and complex phase states of the hydrocarbons present. The basin fill comprises the Paleozoic section below the Kungurian salt, the Kungurian and Kungurian to Permian salt-bearing section, and the upper Permian to Paleogene and Neogene sedimentary complexes above the salt. The thick sedimentary succession and specific oil and gas productivity are what make the Pricaspian basin a unique sedimentary basin. The geologic structure and basin evolution during the Paleozoic, details of sedimentation in the Devonian to Early Permian, initial salt deposition and the dynamic evolution of salt domes, hydrocarbon generation and accumulation zones, various trap types, field types, hydrodynamic regimes, and hydrochemical content of groundwater are discussed in the paper.

Abdulin, A.A.; Daukeev, S.Z.; Votsalevsky, E.S. [Kazakh Academy of Sciences, Almaty (Kazakhstan)

1995-08-01T23:59:59.000Z

253

Have we run out of oil yet? Oil Peaking analysis from an optimist's perspective  

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

4 4 (2006) 515-531 Have we run out of oil yet? Oil peaking analysis from an optimist's perspective $ David L. Greene à , Janet L. Hopson, Jia Li Oak Ridge National Laboratory, National Transportation Research Center, University of Tennessee, 2360 Cherahala Boulevard, Knoxville, TN 37932, USA Available online 27 December 2005 Abstract This study addresses several questions concerning the peaking of conventional oil production from an optimist's perspective. Is the oil peak imminent? What is the range of uncertainty? What are the key determining factors? Will a transition to unconventional oil undermine or strengthen OPEC's influence over world oil markets? These issues are explored using a model combining alternative world energy scenarios with an accounting of resource depletion and a market-based simulation of transition to unconventional oil resources. No political or

254

International Energy Outlook 2000 - World Energy Consumption  

Gasoline and Diesel Fuel Update (EIA)

The IEO2000 projections indicate continued growth in world energy use, including large increases for the developing economies of Asia and South America. Energy resources are thought to be adequate to support the growth expected through 2020. The IEO2000 projections indicate continued growth in world energy use, including large increases for the developing economies of Asia and South America. Energy resources are thought to be adequate to support the growth expected through 2020. Current Trends Influencing World Energy Demand Changing world events and their effects on world energy markets shape the long-term view of trends in energy demand. Several developments in 1999—shifting short-term world oil markets, the recovery of developing Asian markets, and a faster than expected recovery in the economies of the former Soviet Union— are reflected in the projections presented in this year’s International Energy Outlook 2000 (IEO2000). In 1998, oil prices reached 20-year lows as a result of oil surpluses

255

Impact of foreign LPG operations on domestic LPG markets  

SciTech Connect

During 1978 the federal government passed legislation allowing a major increase in natural gas prices and offering hope that some portion of the supply will be allowed to reach free market levels. The mechanism for decontrol of crude oil was also put into effect. This favorable government action and higher world oil prices have led to a major resurgence in domestic exploration. In addition to the supply effects, there appears to have been a substantial demand response to the latest round of world oil price increases. The purpose of this paper is to discuss how these events have affected domestic LPG markets and pricing.

Jones, C.

1981-01-01T23:59:59.000Z

256

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

U.S. Energy Information Administration (EIA)

likelihood of losing money, not making it, on its inventories. This economic disincentive to store oil was powerful. While some

257

Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis of the Oil and Gas Field Services  

E-Print Network (OSTI)

examines the response of employment and wages in the US oil and gas ...eld services industry to changes the dynamic response of wages and employment in the U.S. Oil and Gas Field Services (OGFS) industry to changes in the price of crude petroleum using quarterly data from 1972 to 2002. The oil industry provides an important

Sadoulet, Elisabeth

258

WORKING PAPER SERIESFEDERAL RESERVE BANK of ATLANTA WORKING PAPER SERIES Trading Institutions and Price Discovery: The Cash and Futures Markets for Crude Oil  

E-Print Network (OSTI)

Abstract: We provide substantial evidence that the futures market for West Texas Intermediate crude oil increased the short-term volatility of the cash price of crude oil. We show that the variability of prices increased using both published posted prices and transaction prices for producers. This increased volatility in the price of crude oil may reflect information aggregated into the price, an increase the variance of shocks to the price of crude oil, or noise in the futures price that affects the cash price. We present evidence from experiments consistent with the interpretation that information aggregation not feasible in a posted-price market can explain at least part of the increase in variance. This evidence supports the proposition that information not previously aggregated into the cash price for crude oil is at least part of the reason for the greater variability of the cash price after the opening of the futures market and provides at least one example in which a futures market increased the volatility of the cash market, and prices became more efficient. JEL classification: G130, G140 Key words: crude oil, futures, posted price, experiments, experimental finance, price discovery, information aggregation

Albert Ballinger; Gerald P. Dwyer; Ann B. Gillette; Albert Ballinger; Gerald P. Dwyer; Ann B. Gillette

2004-01-01T23:59:59.000Z

259

Non-OPEC oil production: The key to the future  

Science Conference Proceedings (OSTI)

The dramatic increase in non-OPEC oil production that has occurred since the fuel crises of the seventies was accelerated by the subsequent increases in oil prices on world markets. Current moderate world prices are attributable to increased supply in the last decade from these countries. Among those nations whose production has more than doubled since 1973 are China, Mexico, the UK, Norway, Egypt, India, Oman, Brazil, Colombia, Angola, and Syria. In this context, non-OPEC nations include the Communist oil-producing countries, since their ability to meet their own domestic demand has forestalled the day when they will compete for supplies on world markets. The prospect for continued growth in non-OPEC oil production is good. Prospects for additions to reserves continue to be bright in virgin exploration areas and semimature oil-producing provinces. Non-OPEC oil production may reach peak levels in the 1995--2000 time frame. However, production will be increasingly countered by growing demand, especially in South and Central America and Asia. It is almost certain that by the mid-nineties, competition for oil supplies in world markets will elevate the price of oil available from the well endowed OPEC nations. Supply disruptions as well may be in the offing by the turn of the century as surpluses on world markets disappear. 92 refs., 20 figs., 5 tabs.

Borg, I.Y.

1990-05-11T23:59:59.000Z

260

Propane Market Status Report  

Gasoline and Diesel Fuel Update (EIA)

Propane Market Status Report 07272000 Click here to start Table of Contents Propane Market Status Report Propane Prices Follow Crude Oil Propane Demand by Sector Demand Impacted...

Note: This page contains sample records for the topic "world oil markets" 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

Capacity Markets for Electricity  

E-Print Network (OSTI)

ternative Approaches for Power Capacity Markets”, Papers andand Steven Stoft, “Installed Capacity and Price Caps: Oil onElectricity Markets Have a Capacity requirement? If So, How

Creti, Anna; Fabra, Natalia

2004-01-01T23:59:59.000Z

262

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

263

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

264

Effects of futures market manipulation on crude oil prices: An empirical examination.  

E-Print Network (OSTI)

??Crude oil prices moved irregularly in the period leading to the financial meltdown in the beginning of 2008. This research paper deals with the explaining… (more)

Elhelou, Rami

2011-01-01T23:59:59.000Z

265

Canadian Oil and Natural Gas Market Forces at Work Slow Down is ...  

U.S. Energy Information Administration (EIA)

Canadian Oil Sands Outlook EIA 2007 Annual Energy Outlook March 2007 Canadian Association of Petroleum Producers 150 producer member companies Explore for, develop ...

266

World coal outlook to the year 2000  

SciTech Connect

The 1983 edition of the World Coal Outlook to the Year 2000 examines the worldwide impact of lower oil prices and lower economic activity on the demand, production, and international trade in coal. The report includes detailed regional forecasts of coal demand by end-use application. Regions include the US, Canada, Western Europe, Japan, Other Asia, Latin America, Africa, Australia/New Zealand, Communist Europe, and Communist Asia. In addition, regional coal production forecasts are provided with a detailed analysis of regional coal trade patterns. In all instances, the changes relative to Chase's previous forecasts are shown. Because of the current situation in the oil market, the report includes an analysis of the competitive position of coal relative to oil in the generation of electricity, and in industrial steam applications. The report concludes with an examination of the impact of an oil price collapse on the international markets for coal.

1983-01-01T23:59:59.000Z

267

Another Bull Market Consolidation or Have Oil Prices Headed South for the Winter?  

Reports and Publications (EIA)

This presentation was given at the New York Energy Forum on September 5, 2006. It explores the reasons behind rising oil prices over the last few years and discusses whether the drop in oil prices seen in late August and early September 2005 is the start of a long-running trend or is only a temporary decline.

Information Center

2006-09-12T23:59:59.000Z

268

Free market to be tested: Alaska oil export ban to be lifted  

Science Conference Proceedings (OSTI)

This article featurers a discussion of the effects of the lifting of the ban on Alaskan North Slope crude oil exports. This discussion centers on a report by the US DOE analyzing the impact of removing the crude oil export ban and takes issue with some of the findings in the report. It was concluded that the lifting of the ban will result in a rise in crude oil prices and a subsequent rise in prices to the end user. Also included in this article is refining netback data as of December 8th for the US Gulf Coast, US West Coast, Singapore, and Rotterdam. Eastern hemisphere fuel prices are also included.

NONE

1995-12-21T23:59:59.000Z

269

Technologies, markets and challenges for development of the Canadian Oil Sands industry  

E-Print Network (OSTI)

This paper provides an overview of the current status of development of the Canadian oil sands industry, and considers possible paths of further development. We outline the key technology alternatives, critical resource ...

Lacombe, Romain H.

2007-01-01T23:59:59.000Z

270

International Energy Outlook 1999 - World Energy Consumption  

Gasoline and Diesel Fuel Update (EIA)

world.gif (5615 bytes) world.gif (5615 bytes) The IEO99 projections indicate substantial growth in world energy use,including substantial increases for the developing economies of Asia and South America. Resource availability is not expected to limit the growth of energy markets. In 1998, expectations for economic growth and energy market performance in many areas of the world were dashed. The Asian economic crisis proved to be deeper and more persistent than originally anticipated, and the threat and reality of spillover effects grew through the year. Oil prices crashed. RussiaÂ’s economy collapsed. Economic and social problems intensified in energy- exporting countries and in emerging economies of Asia and South America. Deepening recession in Japan made recovery more difficult in Asia

271

Configuring load as a resource for competitive electricity markets--Review of demand response programs in the U.S. and around the world  

Science Conference Proceedings (OSTI)

The restructuring of regional and national electricity markets in the U.S. and around the world has been accompanied by numerous problems, including generation capacity shortages, transmission congestion, wholesale price volatility, and reduced system reliability. These problems have created new opportunities for technologies and business approaches that allow load serving entities and other aggregators to control and manage the load patterns of wholesale and retail end-users they serve. Demand Response Programs, once called Load Management, have re-emerged as an important element in the fine-tuning of newly restructured electricity markets. During the summers of 1999 and 2001 they played a vital role in stabilizing wholesale markets and providing a hedge against generation shortfalls throughout the U.S.A. Demand Response Programs include ''traditional'' capacity reservation and interruptible/curtailable rates programs as well as voluntary demand bidding programs offered by either Load Serving Entities (LSEs) or regional Independent System Operators (ISOs). The Lawrence Berkeley National Lab (LBNL) has been monitoring the development of new types of Demand Response Programs both in the U.S. and around the world. This paper provides a survey and overview of the technologies and program designs that make up these emerging and important new programs.

Heffner, Grayson C.

2002-09-01T23:59:59.000Z

272

EIA - Special Report 8/31/05 - Hurricane Katrina's Impact on Oil Markets  

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

Wednesday, August 31, 4:00 pm --SEE MOST RECENT-- Wednesday, August 31, 4:00 pm --SEE MOST RECENT-- According to the Minerals Management Service (MMS), as of 11:30 Central Time August 31, Gulf of Mexico oil production was reduced by over 1.371 million barrels per day as a result of Hurricane Katrina, equivalent to about 91.45 percent of daily Gulf of Mexico oil production (which is 1.5 million barrels per day). The MMS also reported that 8.345 billion cubic feet per day of natural gas production was shut in, equivalent to 83.46 percent of daily Gulf of Mexico natural gas production (which is 10 billion cubic feet per day). Petroleum Crude oil prices and petroleum product prices have spiked over the last three trading days. As of the close of trading on Wednesday, the NYMEX West Texas Intermediate (WTI) crude oil futures price fell 87 cents per barrel from yesterday's all time high (unadjusted for inflation), settling at $68.94. The gasoline near-month futures price gained 14.0 cents per gallon from yesterday, settling at 261.45 cents per gallon, an all-time high for the near-month closing price (unadjusted for inflation). The heating oil near-month futures price fell 2.29 cents per gallon from yesterday's all time high (unadjusted for inflation), settling at 205.30 cents per gallon.

273

Implied marketing covenant in oil and gas leases: some needed changes for the 80's  

SciTech Connect

Anticipating an increase in litigation on the lessee's duty to market natural gas which has been discovered on the leasehold, the authors review the lessee's obligation under the implied covenant to market. In light of the increased pressures on the lessee by federal regulations and the downturn in demand, any reevaluation of the nearly 100-year-old covenant should focus on the standard of conduct and standard of proof by which a lessee's marketing activities are to be judged; i.e., a review of the continued viability of the reasonably prudent operator standard. A review of case law finds that in those instances where the parties to a lease share a common interest in production, the lessee should be allowed to exercise his business judgement without fear of second guessing by judge or jury. The increase of the standard of proof to a clear and convincing evidence level achieves an acceptable compromise.

Kramer, B.M.; Pearson, C.

1986-03-01T23:59:59.000Z

274

The role of interruptible natural gas customers in New England heating oil markets: A preliminary examination of events in January-February 2000  

Science Conference Proceedings (OSTI)

This report provides an analysis of data collected from gas service providers and end-use customers in the six New England States and offers a preliminary assessment of the impact of interruptible gas customers on the distillate fuel oil market this past winter. Based on information collected and analyzed as of October 2000, the main findings areas follows: (1) For interruptible gas customers with distillate fuel oil as a backup fuel, their volume of interruptions was equivalent to about 1 to 2 percent of the total sales of distillate fuel oil in New England during January-February 2000. For the two peak weeks of gas supply interruptions, however, the equivalent volume of distillate fuel oil amounted to an estimated 3 to 6 percent of total sales in New England. There were no interruptions of the natural gas service during the 2-month period. (2) Purchases of distillate fuel oil by interruptible gas customers may have contributed somewhat to the spike in the price of distillate fuel oil in January-February 2000, especially during the peak weeks of gas interruptions. Nevertheless, other factors--a sudden drop in temperatures, low regional stocks of distillate fuels, and weather-related supply problems during a period of high customer demand--appear to have played a significant role in this price spike, as they have in previous spikes. (3) While this preliminary analysis suggests that interruptible natural gas service does not threaten the stability of the home heating oil market, several steps might be taken-without undermining the benefits of interruptible service--to reduce the potential adverse impacts of gas supply interruptions in times of market stress. Regardless of the magnitude of the impact of distillate fuel oil purchases by interruptible gas customers on Northeast heating oil markets, the threat of future heating oil price spikes and supply problems still remains. To help counter the threat, President Clinton in July 2000 directed Secretary Richardson to establish a heating oil component of the Strategic Petroleum Reserve in the Northeast, and 2 million barrels of heating oil are now stored in the reserve. Other possible policy options are outlined.

None

2000-11-01T23:59:59.000Z

275

The market situation and political framework in Germany for biodiesel and vegetable oil  

Science Conference Proceedings (OSTI)

The final details compiled by the Federal Statistics Office and Federal Office of Economics and Export Control (BAFA) confirmed the drop in sales of biodiesel and vegetable oil in Germany in 2008 in comparison to 2007. Although utilization of biodiesel as

276

World Fossil Fuel Economics - TMS  

Science Conference Proceedings (OSTI)

Jan 1, 1971 ... World Fossil Fuel Economics ... in world energy demand, particularly in the U. S. and Europe; the consumption patterns and cost patterns of oil, ...

277

The outlook for US oil dependence  

SciTech Connect

Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed 50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC regains lost market share. The U.S. economy appears to be as exposed as it was in the early 1970s to losses from monopoly oil pricing. A simulated 2-year supply reduction in 2005-6 boosts OPEC revenues by roughly half a trillion dollars and costs the U.S. economy an approximately equal amount. The Strategic Petroleum Reserve appears to be of little benefit against such a determined, multi-year supply curtailment either in reducing OPEC revenues or protecting the U.S. economy. Increasing the price elasticity of oil demand and supply in the U.S. and the rest of the world, however, would be an effective strategy.

Greene, D.L.; Jones, D.W.; Leiby, P.N.

1995-05-11T23:59:59.000Z

278

Trading and Prices in Commodity Markets  

U.S. Energy Information Administration (EIA)

Trading and Prices in Commodity Markets EIA 2013 Workshop on Financial and Physical Oil Market Linkages ... Director of Energy Markets and Financial Analysis

279

Understanding Crude Oil Prices  

E-Print Network (OSTI)

World Production of Crude Oil, NGPL, and Other Liquids, andWorld Production of Crude Oil, NGPL, and Other Liquids, andProduction of Crude Oil, NGPL, and Other Liquids, and Re?

Hamilton, James Douglas

2008-01-01T23:59:59.000Z

280

LNG price parity with oil clouds future of European gas market  

Science Conference Proceedings (OSTI)

Europe's international gas trade may have to mark time while the gas industry determines whether the fuel can remain competitive in the wake of Algeria's recent political victory - a high price for its LNG exports to France. Potential gas buyers will face sellers seeking to emulate the $5.10/million Btu price level. The latest conflict, between Algeria and Italy, is preventing start-up of the completed trans-Mediterranean pipeline. Large gas-price increases across Europe would prompt bulk steam-raisers to move to other fuels; the premium household and commercial markets would not be able to absorb the surplus. If the trend of LNG price parity with crude continues, gas could lose a substantial share of its European market and LNG projects will continue to be abandoned.

Vielvoye, R.

1982-04-19T23:59:59.000Z

Note: This page contains sample records for the topic "world oil markets" 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

The world price of coal  

E-Print Network (OSTI)

A significant increase in the seaborne trade for coal over the past twenty years has unified formerly separate coal markets into a world market in which prices move in tandem. Due to its large domestic market, the United ...

Ellerman, A. Denny

1994-01-01T23:59:59.000Z

282

EIA - Special Report 8/30/05 - Hurricane Katrina's Impact on Oil Markets  

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

August 30, 3:00 pm --SEE MOST RECENT-- August 30, 3:00 pm --SEE MOST RECENT-- According to the Minerals Management Service (MMS), as of 11:30 Central Time August 30, Gulf of Mexico oil production was reduced by over 1.4 million barrels per day as a result of Hurricane Katrina, equivalent to about 95 percent of daily Gulf of Mexico oil production. The MMS also reported that 8.8 billion cubic feet per day of natural gas production was shut in, equivalent to 88 percent of daily Gulf of Mexico natural gas production. The Louisiana Offshore Oil Port (LOOP), which stopped all operations as of Sunday, August 28, in order to give employees time to evacuate, appears to have suffered "no apparent catastrophic damage" according to a port official, based on an initial damage assessment. The biggest hurdle the LOOP facility has in restarting operations is in restoring electrical power. Typically, about 1 million barrels per day goes through the LOOP.

283

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

Science Conference Proceedings (OSTI)

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

284

Have We Run Out of Oil Yet? Oil Peaking Analysis from an Optimist's Perspective  

Science Conference Proceedings (OSTI)

This study addresses several questions concerning the peaking of conventional oil production from an optimist's perspective. Is the oil peak imminent? What is the range of uncertainty? What are the key determining factors? Will a transition to unconventional oil undermine or strengthen OPEC's influence over world oil markets? These issues are explored using a model combining alternative world energy scenarios with an accounting of resource depletion and a market-based simulation of transition to unconventional oil resources. No political or environmental constraints are allowed to hinder oil production, geological constraints on the rates at which oil can be produced are not represented, and when USGS resource estimates are used, more than the mean estimate of ultimately recoverable resources is assumed to exist. The issue is framed not as a question of "running out" of conventional oil, but in terms of the timing and rate of transition from conventional to unconventional oil resources. Unconventional oil is chosen because production from Venezuela's heavy-oil fields and Canada's Athabascan oil sands is already underway on a significant scale and unconventional oil is most consistent with the existing infrastructure for producing, refining, distributing and consuming petroleum. However, natural gas or even coal might also prove to be economical sources of liquid hydrocarbon fuels. These results indicate a high probability that production of conventional oil from outside of the Middle East region will peak, or that the rate of increase of production will become highly constrained before 2025. If world consumption of hydrocarbon fuels is to continue growing, massive development of unconventional resources will be required. While there are grounds for pessimism and optimism, it is certainly not too soon for extensive, detailed analysis of transitions to alternative energy sources.

Greene, David L [ORNL; Hopson, Dr Janet L [University of Tennessee, Knoxville (UTK); Li, Jia [University of Tennessee, Knoxville (UTK)

2005-01-01T23:59:59.000Z

285

EIA - Special Report 9/1/05 - Hurricane Katrina's Impact on Oil Markets  

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

Thursday, September 1, 3:00 pm --SEE MOST RECENT-- Thursday, September 1, 3:00 pm --SEE MOST RECENT-- According to the Minerals Management Service (MMS), as of 11:30 Central Time September 1, Gulf of Mexico oil production was reduced by over 1.356 million barrels per day as a result of Hurricane Katrina, equivalent to 90.43 percent of daily Gulf of Mexico oil production (which is 1.5 million barrels per day). The MMS also reported that 7.866 billion cubic feet per day of natural gas production was shut in, equivalent to 78.66 percent of daily Gulf of Mexico natural gas production (which is 10 billion cubic feet per day). There have been many reports in the media of gas stations in various parts of the country that are out of gas. While EIA does not monitor supplies at individual stations or localities, there are some reasons why this may be occurring at selective stations. With about 2 million barrels per day of refining capacity shut in or reduced due to Hurricane Katrina, approximately 1 million barrels per day (42 million gallons per day) of gasoline is not being produced. This represents about 10 percent of the nation's consumption, and is a major drop in the normal flow of gasoline through the system. In addition, major pipelines originating in the Gulf of Mexico area (namely the Plantation and Colonial product pipelines and the Capline crude oil pipeline) have been severely impacted or are closed. As a result, the distribution of gasoline, particularly in the Gulf Coast, Midwest, and East Coast regions of the country, has been significantly affected. Localities that were being served from gasoline terminals which already had low inventory levels, perhaps because they were expecting a delivery in the near future, could run out of supply before the next delivery arrives. Other areas which did have plenty of inventories on hand prior to the loss of the refineries and pipelines will be able to withstand the loss of supply for a longer time. However, it is impossible for EIA to know which terminals were well supplied and which ones were not prior to Hurricane Katrina, since EIA does not collect inventory data for individual terminals. But as soon as these stations are able to receive additional gasoline, they should be able to re-open.

286

Application of polynomial projection ensembles to hedging crude oil commodity risk  

Science Conference Proceedings (OSTI)

Although the rapid expansion in derivative market in previous decades has drawn research in both theory and practice of hedging against commodity risk, recent volatile fluctuations in crude oil prices in world market have renewed profound interest in ... Keywords: Commodity risk hedging, Energy trading, Ensemble structure, Financial decision support system, GARCH, Investment analysis, Polynomial projection

An-Sing Chen; Mark T. Leung; Ling-Hua Wang

2012-07-01T23:59:59.000Z

287

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.

288

Oil prices in a new light  

Science Conference Proceedings (OSTI)

For a clear picture of how oil prices develop, the author steps away from the price levels to which the world is accustomed, and evaluates scientifically. What makes prices jump from one notch to another The move results from a political or economic shock or the perception of a particular position by the futures market and the media. The shock could range from a war or an assassination to a promise of cooperation among OPEC members (when believed by the market) or to speculation about another failure at an OPEC meeting. In the oil market, only a couple of factual figures can provide a floor to the price of oil. The cost of production of oil in the Gulf is around $2 to $3/bbl, and the cost of production of oil (capital and operating costs) in key non-OPEC areas is well under $10/bbl. With some adjustments for transport and quality, a price range of $13/bbl to $16/bbl would correspond to a reasonable sustainable floor price. The reason for prices above the floor price has been a continuous fear of oil supply interruptions. That fear kept prices above the floor price for many years. The fear factor has now almost fully disappeared. The market has gone through the drama of the Iranian Revolution, the Iran-Iraq war, the tanker war, the invasion of Kuwait, and the expulsions of the Iraqis. And still the oil flowed -- all the time. It has become abundantly clear that fears above the oil market were unjustified. Everyone needs to export oil, and oil will flow under the worst circumstances. The demise of the fear factor means that oil prices tend toward the floor price for a prolonged period.

Fesharaki, F. (East-West Center, Honolulu, HI (United States))

1994-05-01T23:59:59.000Z

289

Segmentation of the car market in China.  

E-Print Network (OSTI)

?? The Chinese car market has, through the last decade evolved into the major market in the world. Its car market from has become the… (more)

Syed, Imran Ahmed

2013-01-01T23:59:59.000Z

290

World Biofuels Study  

DOE Green Energy (OSTI)

This report forms part of a project entitled 'World Biofuels Study'. The objective is to study world biofuel markets and to examine the possible contribution that biofuel imports could make to help meet the Renewable Fuel Standard (RFS) of the Energy Independence and Security Act of 2007 (EISA). The study was sponsored by the Biomass Program of the Assistant Secretary for Energy Efficiency and Renewable Energy (EERE), U.S. Department of Energy. It is a collaborative effort among the Office of Policy and International Affairs (PI), Department of Energy and Oak Ridge National Laboratory (ORNL), National Renewable Energy Laboratory (NREL) and Brookhaven National Laboratory (BNL). The project consisted of three main components: (1) Assessment of the resource potential for biofuel feedstocks such as sugarcane, grains, soybean, palm oil and lignocellulosic crops and development of supply curves (ORNL). (2) Assessment of the cost and performance of biofuel production technologies (NREL). (3) Scenario-based analysis of world biofuel markets using the ETP global energy model with data developed in the first parts of the study (BNL). This report covers the modeling and analysis part of the project conducted by BNL in cooperation with PI. The Energy Technology Perspectives (ETP) energy system model was used as the analytical tool for this study. ETP is a 15 region global model designed using the MARKAL framework. MARKAL-based models are partial equilibrium models that incorporate a description of the physical energy system and provide a bottom-up approach to study the entire energy system. ETP was updated for this study with biomass resource data and biofuel production technology cost and performance data developed by ORNL and NREL under Tasks 1 and 2 of this project. Many countries around the world are embarking on ambitious biofuel policies through renewable fuel standards and economic incentives. As a result, the global biofuel demand is expected to grow very rapidly over the next two decades, provided policymakers stay the course with their policy goals. This project relied on a scenario-based analysis to study global biofuel markets. Scenarios were designed to evaluate the impact of different policy proposals and market conditions. World biofuel supply for selected scenarios is shown in Figure 1. The reference case total biofuel production increases from 12 billion gallons of ethanol equivalent in 2005 to 54 billion gallons in 2020 and 83 billion gallons in 2030. The scenarios analyzed show volumes ranging from 46 to 64 billion gallons in 2020, and from about 72 to about 100 billion gallons in 2030. The highest production worldwide occurs in the scenario with high feedstock availability combined with high oil prices and more rapid improvements in cellulosic biofuel conversion technologies. The lowest global production is found in the scenario with low feedstock availability, low oil prices and slower technology progress.

Alfstad,T.

2008-10-01T23:59:59.000Z

291

Just oil? The distribution of environmental and social impacts of oil production and consumption  

E-Print Network (OSTI)

77% of the world’s proven oil reserves and 40% of world oilbarrels of proven oil reserves, which represents approxi-66% of the total world oil reserves (21). The Persian Gulf

O'Rourke, D; Connolly, S

2003-01-01T23:59:59.000Z

292

Running Out of and Into Oil: Analyzing Global Oil Depletion and Transition Through 2050  

DOE Green Energy (OSTI)

This report presents a risk analysis of world conventional oil resource production, depletion, expansion, and a possible transition to unconventional oil resources such as oil sands, heavy oil and shale oil over the period 2000 to 2050. Risk analysis uses Monte Carlo simulation methods to produce a probability distribution of outcomes rather than a single value. Probability distributions are produced for the year in which conventional oil production peaks for the world as a whole and the year of peak production from regions outside the Middle East. Recent estimates of world oil resources by the United States Geological Survey (USGS), the International Institute of Applied Systems Analysis (IIASA), the World Energy Council (WEC) and Dr. C. Campbell provide alternative views of the extent of ultimate world oil resources. A model of oil resource depletion and expansion for twelve world regions is combined with a market equilibrium model of conventional and unconventional oil supply and demand to create a World Energy Scenarios Model (WESM). The model does not make use of Hubbert curves but instead relies on target reserve-to-production ratios to determine when regional output will begin to decline. The authors believe that their analysis has a bias toward optimism about oil resource availability because it does not attempt to incorporate political or environmental constraints on production, nor does it explicitly include geologic constraints on production rates. Global energy scenarios created by IIASA and WEC provide the context for the risk analysis. Key variables such as the quantity of undiscovered oil and rates of technological progress are treated as probability distributions, rather than constants. Analyses based on the USGS and IIASA resource assessments indicate that conventional oil production outside the Middle East is likely to peak sometime between 2010 and 2030. The most important determinants of the date are the quantity of undiscovered oil, the rate at which unconventional oil production can be expanded, and the rate of growth of reserves and enhanced recovery. Analysis based on data produced by Campbell indicates that the peak of non-Middle East production will occur before 2010. For total world conventional oil production, the results indicate a peak somewhere between 2020 and 2050. Key determinants of the peak in world oil production are the rate at which the Middle East region expands its output and the minimum reserves-to-production ratios producers will tolerate. Once world conventional oil production peaks, first oil sands and heavy oil from Canada, Venezuela and Russia, and later some other source such as shale oil from the United States must expand if total world oil consumption is to continue to increase. Alternative sources of liquid hydrocarbon fuels, such as coal or natural gas are also possible resources but not considered in this analysis nor is the possibility of transition to a hydrogen economy. These limitations were adopted to simplify the transition analysis. Inspection of the paths of conventional oil production indicates that even if world oil production does not peak before 2020, output of conventional oil is likely to increase at a substantially slower rate after that date. The implication is that there will have to be increased production of unconventional oil after that date if world petroleum consumption is to grow.

Greene, D.L.

2003-11-14T23:59:59.000Z

293

Factors Influencing the Stability and Marketability of a Novel, Phytochemical-Rich Oil from the Açai Palm Fruit (Euterpe oleracea Mart.)  

E-Print Network (OSTI)

The açai palm fruit has recently become the focus of numerous research endeavors due to its extraordinary antioxidant content. However, little is known about the fruit’s phytochemical rich oil, which is a by-product of the açai pulp. Therefore, the aim of this study was to investigate the phytochemical content of açai oil and its relation to oxidative stability. A total of 206 mg/kg of chlorophylls, which included chlorophyll a as well as four chlorophyll derivatives were tentatively identified by HPLC in crude açai oil (CAO). Two predominant carotenoids (216 mg/kg ?-carotene and 177 mg/kg lutein) were also characterized in addition to ?-tocopherol (645 mg/kg). Initial investigations into oil stability focused upon the photooxidation of açai oil due to its significant chlorophyll content and findings demonstrated that the increases of nonanal were observed when phospholipids and polyphenolics were reduced. Subsequently, investigations into the interactions between phospholipids and lipophilic antioxidants and their contributions to the stability of açai oil were also assessed by isolating phytochemicals and selectively reconstituting the oil. Findings demonstrated a potential relationship between phospholipids and lipophilic antioxidants, but this was not conclusive. Advances in the processing of the açai pulp by-product created from the clarification process yielded a partially refined açai oil (RAO). The stability of both RAO and CAO as a result of autoxidation were compared to other common food oils (olive, canola, and soybean) and primary and secondary oxidation data suggested CAO was most stable. The difference in the stability of the two açai oils was also investigated by blending these oils and assessing oxidation. An increased stability was demonstrated in the blended RAO, which suggested a significant antioxidant contribution from the CAO. With such similar lipophilic compositions in CAO and RAO, it is theorized that the driving factor behind the stability of CAO can be attributed to its water soluble antioxidant content. While further investigations are required to fully comprehend the interactions of açai oil phytochemicals, these experiments provide insight into the phytochemical content and stability of açai oil. The understanding and information obtained in these studies is geared at increasing the marketability of açai oil as a food ingredient.

Duncan, Christopher Edward

2010-12-01T23:59:59.000Z

294

Table 5. International Oil and Natural Gas Reserves as of December ...  

U.S. Energy Information Administration (EIA)

Table 5. International Oil and Natural Gas Reserves as of December 31, 2001 Oil (million barrels) Natural Gas (billion cubic feet) Oil & Gas World Oil & Gas World

295

Shale oil: U. S. and world resources and prospects for near-term commercialization in the United States  

DOE Green Energy (OSTI)

Although the United States has large resources of shale oil, several decades of development effort have yet to result in a viable industry. Because both the cost of the oil and the environmental impact of its production are not well known and seem to remain perennially at the margin of acceptability, the matter of commercialization has become a political issue. A variety of economic incentives and government programs to encourage commercial development have been proposed - some implemented - and several industrial corporations are proceeding cautiously. Conflicting political, economic, and environmental views, however, continue to preclude a decisive commitment and it does not appear at this time that significant quantities of shale oil will be available in the next decade, or probably even longer.

Marland, G.

1979-03-01T23:59:59.000Z

296

The Outlook for U.S. Oil Dependence  

Science Conference Proceedings (OSTI)

Market share OPEC lost in defending higher prices from 1979-1985 is being steadily regained and is projected to exceed 50% by 2000. World oil markets are likely to be as vulnerable to monopoly influence as they were 20 years ago, as OPEC regains lost market share. The US economy appears to be as exposed as it was in the early 1970s to losses from monopoly oil pricing. A simulated 2-year supply reduction in 2005-6 boosts OPEC revenues by roughly half a trillion dollars and costs the US economy an approximately equal amount. The Strategic Petroleum Reserve appears to be of little benefit against such a determined, multi-year supply curtailment either in reducing OPEC revenues or protecting the US economy. Increasing the price elasticity of oil demand and supply in the US and the rest of the world, however, would be an effective strategy.

Greene, D.L.

1995-01-01T23:59:59.000Z

297

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

Gasoline and Diesel Fuel Update (EIA)

OPEC OPEC Crude oil production by the Organization of the Petroleum Exporting Countries (OPEC) is an important factor that affects oil prices. This organization seeks to actively manage oil production in its member countries by setting production targets. Historically, crude oil prices have seen increases in times when OPEC production targets are reduced. OPEC production often acts to balance the oil market. Cuts in OPEC production targets tend to lead to price increases. This chart shows changes in OPEC production targets compared to changes in oil prices. Reductions in OPEC production targets often lead to increases in oil prices. OPEC member countries produce about 40 percent of the world's crude oil. Equally important to global prices, OPEC's oil exports represent about 60

298

U.S. Distillate Market Testimony for New York Assembly Hearing  

Gasoline and Diesel Fuel Update (EIA)

Market Testimony for New York Assembly Hearing Market Testimony for New York Assembly Hearing 2/4/2000 Click here to start Table of Contents U.S. Distillate Market Testimony for New York Assembly Hearing U.S. Residential Heating Oil Prices Regional Residential Heating Oil Prices Selected State Residential Heating Oil Prices Spot Distillate & Crude Oil Prices (Prices thru Jan 31, 2000) Low Distillate Stocks Set Stage for Price Volatility PADD 1 (East Coast) Heating Oil Stocks Low New England & Mid-Atlantic Weekly Total Distillate Stocks Low World Crude Production Not Keeping Pace with Demand OECD Stocks Reflect S/D Imbalance Distillate Stocks Are Important Part of Northeast Winter Supply Distillate Problem Likely to be Resolved Soon, But Recurrence Possible East Coast Distillate Production

299

Time-Varying Effects of Oil Supply Shocks on the US Economy  

E-Print Network (OSTI)

We investigate how the dynamic effects of oil supply shocks on the US economy have changed over time. We first document a remarkable structural change in the oil market itself, i.e. a considerably steeper, hence, less elastic oil demand curve since the mid-eighties. Accordingly, a typical oil supply shock is currently characterized by a much smaller impact on world oil production and a greater effect on the real price of crude oil, but has a similar impact on US output and inflation as in the 1970s. Second, we find a smaller role for oil supply shocks in accounting for real oil price variability over time, implying that current oil price fluctuations are more demand driven. Finally, while unfavorable oil supply disturbances explain little of the "Great Inflation", they seem to have contributed to the 1974/75, early 1980s and 1990s recessions but also dampened the economic boom at the end of the millennium.

Christiane Baumeister; Gert Peersman

2008-01-01T23:59:59.000Z

300

Petroleum marketing monthly  

SciTech Connect

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data.

NONE

1995-11-01T23:59:59.000Z

Note: This page contains sample records for the topic "world oil markets" 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

"Angola Is Not Just about Oil, War and Poverty": Reflections on Angolan Soccer, Nationalism and the Run to the 2006 World Cup Finals  

E-Print Network (OSTI)

only for its prodigious oil reserves, protracted civil war (for its prodigious oil reserves, protracted civil war (1975-

Cleveland, Todd

2007-01-01T23:59:59.000Z

302

International Energy Outlook 2000 - World Energy Consumption  

Gasoline and Diesel Fuel Update (EIA)

The IEO2000 projections reflect a change in short-term expectations for world oil prices. In the long term, OPEC production cutbacks are expected to be relaxed, and prices are projected to rise gradually through 2020 as the oil resource base is expanded. The IEO2000 projections reflect a change in short-term expectations for world oil prices. In the long term, OPEC production cutbacks are expected to be relaxed, and prices are projected to rise gradually through 2020 as the oil resource base is expanded. The crude oil market rebounded dramatically in 1999. Prices rose from the low monthly average of $9.39 per barrel (nominal U.S. dollars) in December 1998 to $24.44 in December 1999, an increase of almost $15 a barrel. Prices were influenced by the successful adherence to announced cutbacks in production by members of the Organization of Petroleum Exporting Countries (OPEC) as well as several non-OPEC countries, notably, Mexico and Norway. In addition, the price decline in 1998 significantly dampened the annual

303

China's Global Oil Strategy  

E-Print Network (OSTI)

nations began to seek out oil reserves around the world. 3on the limited global oil reserves and spiking prices. Manyto the largest proven oil reserves, making up 61 percent of

Thomas, Bryan G

2009-01-01T23:59:59.000Z

304

Nigeria`s oil production behavior: Tests of alternative hypotheses  

SciTech Connect

The sudden quadrupling of world oil prices in 1973-1974 marked the beginning of several formal inquiries by economists into the production behavior of members of the Organization of the Petroleum Exporting Countries (OPEC). Interest in the organization was further heightened in 1979 when nominal oil prices further doubled. However, oil market analysts have differed in their evaluation of OPEC`s role in the determination of world oil prices. Most energy economists have modeled OPEC as a cartel. Morris Adelman has suggested that OPEC`s true nature lies somewhere between two polar cases of a dominant-firm industry and an imperfect, market-sharing cartel. In the former case, one large, dominant firm (i.e., Saudi Arabia) serves as the {open_quotes}swing producer,{close_quotes} allowing other cartel members and non-OPEC oil producers to produce whatever they wished, controlling the market price by itself through its own output adjustments. The latter case of an imperfect market-sharing cartel is a loose collusive arrangement in which all members agree on an acceptable price level and individual output shares for each producer. Adelman believes that OPEC wobbles between these two cases, depending upon market conditions.

Awokuse, T.O.; Jones, C.T.

1994-12-31T23:59:59.000Z

305

OIL &GAS MARKETS  

E-Print Network (OSTI)

Please note that this PDF is subject to specific restrictions that limit its use and distribution. The terms and conditions are available at www.iea.org/about/ copyright.asp MEDIUM-TERM

unknown authors

2011-01-01T23:59:59.000Z

306

Oil Market Outlook  

Reports and Publications (EIA)

Presented by: Guy F. Caruso, EIA AdministratorPresented to: CSIS - US Saudi Arabian Business CouncilUS - Saudi Relations and Global Energy SecurityApril 27, 2004

Information Center

2004-04-27T23:59:59.000Z

307

Outlook for World Energy Markets  

U.S. Energy Information Administration (EIA)

• Natural disasters • Electric reliability concerns • Refining capacity outages ... Our average response time is within three business days. (202) ...

308

Petroleum marketing annual 1994  

SciTech Connect

The Petroleum Marketing Annual (PMA) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysis, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the fob and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Annual. For this production, all estimates have been recalculated since their earlier publication in the Petroleum Marketing Monthly (PMM). These calculations made use of additional data and corrections that were received after the PMM publication date.

NONE

1995-08-24T23:59:59.000Z

309

World Crude Production Not Keeping Pace with Demand  

Gasoline and Diesel Fuel Update (EIA)

5 5 Notes: The crude market is the major factor behind todayÂ’s low stocks. This graph shows the balance between world production and demand for petroleum. Normally, production exceeds demand in the summer, building stocks, and is less than demand in the winter months, drawing the stocks back down (dark blue areas). However, production exceeded demand through most of 1997 and 1998, building world stocks to very high levels and driving prices down. But the situation reversed in 1999. Recently, there has been more petroleum demand than supply, requiring the use of stocks to meet petroleum needs. Following the extremely low crude oil prices at the beginning of 1999, OPEC agreed to remove about 6% of world production from the market in order to work off excess inventories and bring prices back up.

310

Original article: The dynamics of BRICS's country risk ratings and domestic stock markets, U.S. stock market and oil price  

Science Conference Proceedings (OSTI)

BRICS (Brazil, Russia, India, China and South Africa) are viewed currently as pillars of relative political, economic and financial stability, with the prospect of a major shift in future world power. The paper aims at investigating the relationships ... Keywords: ARDL, Country risk ratings, D81, Economic risk, F23, Financial risk, G22, G31, Political risk

Shawkat Hammoudeh, Ramazan Sari, Mehmet Uzunkaya, Tengdong Liu

2013-08-01T23:59:59.000Z

311

DE-AC03-76SF00098. CONFIGURING LOAD AS A RESOURCE FOR COMPETITIVE ELECTRICITY MARKETS – REVIEW OF DEMAND RESPONSE PROGRAMS IN THE U.S. AND AROUND THE WORLD  

E-Print Network (OSTI)

The restructuring of regional and national electricity markets in the U.S. and around the world has been accompanied by numerous problems, including generation capacity shortages, transmission congestion, wholesale price volatility, and reduced system reliability. These problems have created new opportunities for technologies and business approaches that allow load serving entities and other aggregators to control and manage the load patterns of wholesale and retail end-users they serve. Demand Response Programs, once called Load Management, have re-emerged as an important element in the fine-tuning of newly restructured electricity markets. During the summers of 1999 and 2001 they played a vital role in stabilizing wholesale markets and providing a hedge

Grayson C. Heffner; Grayson C. Heffner

2002-01-01T23:59:59.000Z

312

Oil and the American Way of Life: Don't Ask, Don't Tell  

Science Conference Proceedings (OSTI)

In the coming decades, US consumers will face a series of important decisions about oil. To make effective decisions, consumers must confront some disturbing answers to questions they would rather not ask. These questions include: is the US running out of oil, is the world running out of oil, is OPEC increasing its grip on prices, is the US economy reducing its dependence on energy, and will the competitive market address these issues in a timely fashion? Answers to these questions indicate that the market will not address these issues: the US has already run out of inexpensive sources of oil such that rising prices no longer elicit significant increases in supply. The US experience implies that within a couple of decades, the world oil market will change from increasing supply at low prices to decreasing supply at higher prices. As the world approaches this important turning point, OPEC will strengthen its grip on world oil prices. Contrary to popular belief, the US economy continues to be highly dependent on energy, especially inexpensive sources of energy. Together, these trends threaten to undermine the basic way in which the US economy generates a high standard of living.

Kaufmann, Robert (Boston University)

2005-06-01T23:59:59.000Z

313

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

314

Shale Oil Value Enhancement Research  

Science Conference Proceedings (OSTI)

Raw kerogen oil is rich in heteroatom-containing compounds. Heteroatoms, N, S & O, are undesirable as components of a refinery feedstock, but are the basis for product value in agrochemicals, pharmaceuticals, surfactants, solvents, polymers, and a host of industrial materials. An economically viable, technologically feasible process scheme was developed in this research that promises to enhance the economics of oil shale development, both in the US and elsewhere in the world, in particular Estonia. Products will compete in existing markets for products now manufactured by costly synthesis routes. A premium petroleum refinery feedstock is also produced. The technology is now ready for pilot plant engineering studies and is likely to play an important role in developing a US oil shale industry.

James W. Bunger

2006-11-30T23:59:59.000Z

315

Impact of market structure and political instability on the official price of OPEC crude (1972-83)  

SciTech Connect

Within the empirical literature, political instability was either completely ignored or the assumption was made that its impact was significant. One of the major objectives of this study is to determine whether political instability had a significant impact on the oil market during the 1972-83 period. Secondly, there were very important changes that took place within the market - considerable reduction in the non-communist world's oil consumption, increase in production outside OPEC, reduced OPEC market share and capacity use, increased sale of oil directly by OPEC rather than through the oil multinationals, and nationalization of the asset of the latter within OPEC. Within the empirical literature some attention has been paid to the first four changes. The last two changes, however, have generally been assumed to be insignificant. Consequently, the second objective is to determine whether the change of the distribution of ownership within and direct marketing by OPEC itself have had a significant impact on the official price of OPEC crude. The third objective is improved specification of past models of the world oil market through consideration of the influences mentioned above. Results of the study show that political instability, contrary to popular opinion, did not have a significant impact on the market during the 1972-83 period.

Kendall, P.

1987-01-01T23:59:59.000Z

316

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...

317

Crude Oil Prices  

Annual Energy Outlook 2012 (EIA)

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

318

Crude Oil Prices  

Annual Energy Outlook 2012 (EIA)

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

319

Crude Oil Prices  

Gasoline and Diesel Fuel Update (EIA)

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

320

California Crude Oil Prices  

U.S. Energy Information Administration (EIA)

... of different quality crudes vary over time based on the value the market places on such quality attributes. A heavy crude oil has more heavy, ...

Note: This page contains sample records for the topic "world oil markets" 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

Petroleum marketing monthly  

SciTech Connect

Petroleum Marketing Monthly (PPM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o. b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly.

1996-07-01T23:59:59.000Z

322

Petroleum marketing monthly  

SciTech Connect

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly.

NONE

1996-02-01T23:59:59.000Z

323

Petroleum marketing monthly  

Science Conference Proceedings (OSTI)

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly.

NONE

1995-08-01T23:59:59.000Z

324

Malaysia: economic transformation advances oil palm industry  

Science Conference Proceedings (OSTI)

Malaysia is currently the world’s largest exporter of palm oil although it is the second-largest producer of the oil after neighboring Indonesia. Malaysia: economic transformation advances oil palm industry Inform Magazine Biofuels and Bioproducts and Bi

325

Petroleum marketing monthly, May 1994  

SciTech Connect

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly.

Not Available

1994-05-26T23:59:59.000Z

326

Configuring load as a resource for competitive electricity markets--Review of demand response programs in the U.S. and around the world  

E-Print Network (OSTI)

MARKETS – REVIEW OF DEMAND RESPONSE PROGRAMS IN THE U.S. ANDMARKETS – REVIEW OF DEMAND RESPONSE PROGRAMS IN THE U.S. ANDend-users they serve. Demand Response Programs, once called

Heffner, Grayson C.

2002-01-01T23:59:59.000Z

327

Non-OPEC oil supply gains to outpace demand in 1997  

SciTech Connect

Rising oil supplies in 1997 will relax some of the market tightness that drove up crude prices last year. Worldwide demand for petroleum products in 1996 rose faster than anticipated and faster than supply from outside the Organization of Petroleum Exporting Countries. This increased demand for OPEC oil and pushed up prices for crude. At year end, the world export price of crude was up more than 25% from the same period a year earlier. Market conditions will change in 1997. While worldwide economic growth will continue to boost demand for energy and petroleum, non-OPEC petroleum supply will grow even more. Increases in North Sea and Latin American production will help boost non-OPEC output by 1.9 million b/d. And revenues from 1996 production gains will make additional investment possible in exploration and production. The paper discusses world economic growth, world oil demand, worldwide supply, supply outlook, prices and international drilling.

Beck, R.J.

1997-01-27T23:59:59.000Z

328

THE GREEN POWER MARKET DEVELOPMENT GROUP  

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

2, 2005 REQUEST FOR PROPOSALS RENEWABLE ENERGY CERTIFICATES Issued by: World Resources Institute on behalf its "Green Power Affiliate" partner WHOLE FOODS MARKET OVERVIEW The World...

329

Crude Oil Watch - Energy Information Administration  

U.S. Energy Information Administration (EIA)

Spot market crude oil prices continued higher last week despite light trading volume due to Hurricane Floyd. ... Guide, Oil and Gas Journal, Wall Street Journal.

330

Retail Heating Oil and Diesel Fuel Prices  

U.S. Energy Information Administration (EIA)

Because of the higher projected crude oil prices and because of increased tightening in the Northeast heating oil market since the last Outlook, we ...

331

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

332

The growing world LP-gas supply  

Science Conference Proceedings (OSTI)

The possible range of future (LPG) export availabilities is huge, but actual production levels depend on factors, many of which are beyond our direct control - world demand for crude oil and gas, developments in technology, and the price of both energy in general and LPG specifically. Although these factors limit some of the potential developments, a substantial increase in LPG supply is certain, and this is likely to depress its price relative to other products. Over the last few years, a dramatic expansion has taken place in the industry. From 1980 to 1987, non-Communist world production of LPG increased by close to 35%, to a total of 115 million tonnes. If this is set against the general energy scene, LPG represented 3.7% of crude oil production by weight in 1980, rising to 5.4% in 1987. This growth reflects rise in consciousness around the world of the value of the product. LPG is no longer regarded as a byproduct, which is flared or disposed of at low value, but increasingly as a co-product, and much of the growth in production has been due to the installation of tailored recovery systems. LPG markets historically developed around sources of supply, constrained by the costs of transportation. The major exceptions, of course, were the Middle East, the large exporter, and Japan, the large importer.

Hoare, M.C.

1988-11-01T23:59:59.000Z

333

Virtual worlds as a medium for advertising  

Science Conference Proceedings (OSTI)

Online virtual worlds, such as Second Life, are rapidly becoming recognized as a technology of substantial future importance for marketers and advertisers. Many of these virtual worlds provide the potential medium for very rich and varied new and enhanced ... Keywords: MMOG, advertising, marketing, online game, second life, virtual world

Stuart Barnes

2007-10-01T23:59:59.000Z

334

Long Term World Oil Supply  

Reports and Publications (EIA)

Presented by: Jay E. Hakes, EIA AdministratorAmerican Association of Petroleum Geologists byNew Orleans, LouisianaApril 18, 2000

Information Center

2000-04-01T23:59:59.000Z

335

Ecuador: World Oil Report 1991  

Science Conference Proceedings (OSTI)

This paper reports that there has been considerable turbulence in Ecuador's E and P sector over the last year. For instance, Energy Minister Diego Tramariz was replaced by the country's Congress after he raised subsidized fuel prices. Ecuadoran and U.S. environmentalists, meanwhile, raised a firestorm of controversy over the on-again, off- again development of Conoco's Block 16 in Yasuni National Park. Finally, Unocal and PetroCanada this spring terminated their respective drilling operations after fruitless multiwell efforts. New Energy Minister Donald Castillo certainly has his work cut out in attempting to maintain stability in upstream activity. To that end, Castillo has stated that one of his top priorities will be to maintain a good working relationship with foreign operators. He also expected a seventh round of exploratory blocks to be offered before summer's end to shore up activity. Castillo reiterated in public statements that he stands by the administration's existing energy policies, including development of Block 16.

Not Available

1991-08-01T23:59:59.000Z

336

Perestroika, Soviet oil, and joint ventures  

SciTech Connect

Glaznost, the freedom of expression in both the public and private sectors of the Soviet Union, has rapidly transformed the country form a largely isolated and closed society to one that is rapidly becoming more cosmopolitan and open to the West. Now that the Soviet Union is moving toward a free-market economy, a number of new laws are being generated to create a favorable environment for Western investment, especially joint ventures. First, crude oil sales have provided over 75% of much-needed hard currency, and oil has been the principal barter for manufactured goods produced in eastern Europe. Second, joint oil ventures with Western companies can reverse declining production levels and provide sufficient stimulus to turn around the economic recession. The Soviet Union has a very large inventory of discovered but undeveloped oil and gas fields. Most of these fields are difficult for the Soviets to produce technically, financially, and environmentally safely, and they are actively seeking appropriate Western partners. From an exploration point of view, the Soviet Union has probably the largest number of undrilled and highly prospective oil basins, which may replenish declining reserves in the West. Finally, the Soviet Union represents in the long term a large unsaturated market eager to absorb the surplus of goods and services in the Western world. Again, joint oil ventures could provide the convertible currency to increase East-West trade.

Churkin, M. Jr.

1991-08-01T23:59:59.000Z

337

Opec squabbling sparks surge in world production  

Science Conference Proceedings (OSTI)

In the second half of 1988 Opec member nations began on cheating on their quotas. The resultant 11% surge in Middle Eastern production propelled world output to an average of 58.5 MMbopd. This paper presents an analysis of major oil producing countries of the world and a listing, by country, of world crude oil and condensate production for 1987 and 1988.

Not Available

1989-02-01T23:59:59.000Z

338

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

E-Print Network (OSTI)

1] Andrews, S. and Udall, R. Oil Prophets: Lookingat World Oil Studies Over Time. In Campbell, C.International Workshop on Oil Depletion 2003, Paris, France,

Brandt, Adam R.; Farrell, Alexander E.

2008-01-01T23:59:59.000Z

339

Drunk On Oil: Russian Foreign Policy 2000-2007  

E-Print Network (OSTI)

Julia. “ World Stocks Sag as Oil Price Surges. ” The NewCollapse: Grain and Oil,” On the Issues, Am. Enterpriseet. al. , “Unrelenting Oil Addiction,” Russ. in Global

Brugato, Thomas

2008-01-01T23:59:59.000Z

340

Mexico Week: Lower Mexican oil production contributes to lower ...  

U.S. Energy Information Administration (EIA)

Crude oil exports anchor the energy trade between Mexico and the United States. In 2012 Mexico was the world's ninth largest oil producer. The value of crude oil ...

Note: This page contains sample records for the topic "world oil markets" 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

Modeling of Energy Production Decisions: An Alaska Oil Case Study  

E-Print Network (OSTI)

now control most of world oil reserves (Jaffe, 2007). Thisto find and evaluate oil reserves, development costs toand likely holds oil reserves that may be produced in the

Leighty, Wayne

2008-01-01T23:59:59.000Z

342

Prospects for OPEC oil in the 1980s  

SciTech Connect

Although OPEC is in a crisis, the world economy will remain dependent on oil, and most importing countries will continue to be largely dependent on OPEC, especially on its Persian Gulf sources of supply, during the 1980s. The concept of the OPEC multiplier explains the pattern of oil production and demand reduction, and is central to understanding the future evolution of the world oil market. The impact of irreversible and reversible conservation and economic recession varies from country to country and is difficult to quantify. This analysis attributes most of the short-term reductions in energy use to the recession, but also notes that all of the reductions in world primary consumption between 1980-1983 have been borne by oil. The author explains the OPEC multiplier effect in this context, and shows how even a small percentage change in world economic activity and primary energy consumption leads to a larger percentage change in world demand for OPEC oil. 2 figures, 4 tables.

Mossavar-Rahmani, B.

1983-01-01T23:59:59.000Z

343

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

Gasoline and Diesel Fuel Update (EIA)

Non-OPEC Non-OPEC Oil production from countries outside the Organization of the Petroleum Exporting Countries (OPEC) currently represents about 60 percent of world oil production. Key centers of non-OPEC production include North America, regions of the former Soviet Union, and the North Sea. EIA expects strong growth in non-OPEC production in 2014 and 2015. This chart shows that net increases in non-OPEC production were very small from 2005 to 2008. This lack of additional supplies from non-OPEC countries contributed to tighter markets in this period. In contrast to OPEC oil production, which is subject to central coordination, non-OPEC producers make independent decisions about oil production. Also, in contrast to OPEC, where oil production is mostly in the hands of national oil companies (NOCs), international or investor-owned

344

How much of world energy consumption and electricity ...  

U.S. Energy Information Administration (EIA)

How much of world energy consumption and electricity generation is from renewable energy? EIA estimates that about 10% of world marketed energy ...

345

How much of world energy consumption and electricity generation is ...  

U.S. Energy Information Administration (EIA)

How much of world energy consumption and electricity generation is from renewable energy? EIA estimates that about 10% of world marketed energy consumption is from ...

346

Department of Energy to Release Oil from the Strategic Petroleum Reserve |  

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

to Release Oil from the Strategic Petroleum to Release Oil from the Strategic Petroleum Reserve Department of Energy to Release Oil from the Strategic Petroleum Reserve June 23, 2011 - 12:00am Addthis Washington, DC - U.S. Energy Secretary Steven Chu announced today that the U.S. and its partners in the International Energy Agency have decided to release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the oil supply caused by unrest in the Middle East. As part of this effort, the U.S. will release 30 million barrels of oil from the Strategic Petroleum Reserve (SPR). The SPR is currently at a historically high level with 727 million barrels. "We are taking this action in response to the ongoing loss of crude oil due to supply disruptions in Libya and other countries and their impact on the

347

Department of Energy to Release Oil from the Strategic Petroleum Reserve |  

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

to Release Oil from the Strategic Petroleum to Release Oil from the Strategic Petroleum Reserve Department of Energy to Release Oil from the Strategic Petroleum Reserve June 23, 2011 - 1:00pm Addthis Washington, DC - U.S. Energy Secretary Steven Chu announced today that the U.S. and its partners in the International Energy Agency have decided to release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the oil supply caused by unrest in the Middle East. As part of this effort, the U.S. will release 30 million barrels of oil from the Strategic Petroleum Reserve (SPR). The SPR is currently at a historically high level with 727 million barrels. "We are taking this action in response to the ongoing loss of crude oil due to supply disruptions in Libya and other countries and their impact on the

348

Department of Energy to Release Oil from the Strategic Petroleum Reserve |  

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

to Release Oil from the Strategic Petroleum to Release Oil from the Strategic Petroleum Reserve Department of Energy to Release Oil from the Strategic Petroleum Reserve June 23, 2011 - 12:00am Addthis Washington, DC - U.S. Energy Secretary Steven Chu announced today that the U.S. and its partners in the International Energy Agency have decided to release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the oil supply caused by unrest in the Middle East. As part of this effort, the U.S. will release 30 million barrels of oil from the Strategic Petroleum Reserve (SPR). The SPR is currently at a historically high level with 727 million barrels. "We are taking this action in response to the ongoing loss of crude oil due to supply disruptions in Libya and other countries and their impact on the

349

Costs of U.S. Oil Dependence: 2005 Update  

SciTech Connect

For thirty years, dependence on oil has been a significant problem for the United States. Oil dependence is not simply a matter of how much oil we import. It is a syndrome, a combination of the vulnerability of the U.S. economy to higher oil prices and oil price shocks and a concentration of world oil supplies in a small group of oil producing states that are willing and able to use their market power to influence world oil prices. Although there are vitally important political and military dimensions to the oil dependence problem, this report focuses on its direct economic costs. These costs are the transfer of wealth from the United States to oil producing countries, the loss of economic potential due to oil prices elevated above competitive market levels, and disruption costs caused by sudden and large oil price movements. Several enhancements have been made to methods used in past studies to estimate these costs, and estimates of key parameters have been updated based on the most recent literature. It is estimated that oil dependence has cost the U.S. economy $3.6 trillion (constant 2000 dollars) since 1970, with the bulk of the losses occurring between 1979 and 1986. However, if oil prices in 2005 average $35-$45/bbl, as recently predicted by the U.S. Energy Information Administration, oil dependence costs in 2005 will be in the range of $150-$250 billion. Costs are relatively evenly divided between the three components. A sensitivity analysis reflecting uncertainty about all the key parameters required to estimate oil dependence costs suggests that a reasonable range of uncertainty for the total costs of U.S. oil dependence over the past 30 years is $2-$6 trillion (constant 2000 dollars). Reckoned in terms of present value using a discount rate of 4.5%, the costs of U.S. oil dependence since 1970 are $8 trillion, with a reasonable range of uncertainty of $5 to $13 trillion.

Greene, D.L.

2005-03-08T23:59:59.000Z

350

2009 Wind Technologies Market Report  

E-Print Network (OSTI)

2010. International Wind Energy Development: World MarketUniversity. American Wind Energy Association (AWEA). 2010a.Washington, DC: American Wind Energy Association. American

Wiser, Ryan

2010-01-01T23:59:59.000Z

351

Vehicle Technologies Office: Fact #75: February 2, 1999 World...  

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

Other Transporation .5 15 Other Sectors 1 27 Sources: Darmstadter, Joel, Energy in the World Economy, Resources for the Future, 1971 (world oil consumption in 1950) Davis, Stacy...

352

Impacts of oil disturbances: lessons from experience. [1973-1974 Oil Crisis; 1978-1979 Iranian Revolution; 1980-1981 Iran-Iraq War  

SciTech Connect

An analysis of the impacts of previous oil distrubances can be used to suggest the impacts of future oil disturbances. This paper reviews how the 1973-1974 Oil Crisis, the 1978-1979 Iranian Revolution, and the 1980-1981 Iran-Iraq War impacted the US and world oil markets. Various measures of impacts are considered, such as impacts on physical flows of crude and products, crude and product price changes on the US and world markets, impacts on stocks of crude and products, and impacts on refiners' inputs and outputs. Various macroeconomic indicators, such as gross national product, inflation rates, and unemployment, are also considered. Of particular interest in this study are the impacts that oil disturbances have had (and could have) on the availabilities of particular crude types and the abilities of US refiners to process crudes of various types in the short run. In addition, this paper reviews how the actions of the consuming countries and the major oil companies affected the impacts of past disturbances. The paper briefly discusses the likely causes and impacts of future oil distrubances and summarizes the lessons to be learned from past reactions to oil disturbances.

Curlee, T R

1983-01-01T23:59:59.000Z

353

A rigged market  

SciTech Connect

The mobile rig market remains a unique sector of the global upstream oil and gas industry. Big oil is continuing to emerge blinking from the darkness of its recent cash-starved existence to bask in the glory of a resurgent oil price. But the rig sector is once again lagging behind the pace being set by operators as they open up their wallets for new or delayed exploration and production projects. This paper gives statistics on worldwide count and contracts.

Thomas, M.

2000-02-01T23:59:59.000Z

354

The Exhibition - World Conference on Oilseed Processing  

Science Conference Proceedings (OSTI)

Exhibit Schedule and Exhibitors The Exhibition - World Conference on Oilseed Processing Biofuels and Bioproducts and Biodiesel Processing Elearning Olive oil Industry Events Industrial Oil Products Abstracts Program Travel Hotel Short Courses E

355

The ultra-low-linolenic soybean market  

Science Conference Proceedings (OSTI)

Does the failure of Asoyia Inc., the Iowa-based company that marketed 1% ultra-low-linolenic soybeans and soy oil, signal the beginning of the end for the ultra-low-linolenic soy oil market in the United States? The ultra-low-linolenic soybean market ...

356

October 24, 2013 Energy Midstream and Marketing  

E-Print Network (OSTI)

and Marketing program will focus on 1) natural gas 2) crude oil and 3) NGL midstream and other topics as related will address what it takes to get oil and gas to market, potential obstacles, supply, and other market factors: 405.744.6143 If you would like more information on this program, please contact us or visit

Veiga, Pedro Manuel Barbosa

357

Understanding the economic power of oil. Master's thesis  

SciTech Connect

Oil has become a single global market in which oil price fluctuations now have the ability to rock the world economy. The purpose of this thesis is to examine the changing nature of this threat and by doing so, show that Saudi Arabia, which has acted as the primary stabilizing tool by American foreign policy makers, will no longer suffice in this capacity. Rather, Saudi Arabia, which has for the most part cooperated with the United States in helping to stabilize oil price and supply disruptions, will become increasingly less cooperative in a much shorter time frame than night be anticipated with regard to oil supplies. This thesis proposes possible avenues for US national security policy by exploring pathways that might further ensure economic security and stability of the Middle East region in light of the new nature of the oil threat. The goal of economic security and stability can only be realized through an understanding of the oil producing nations and their relationships with the international community and world economy.... Oil, Persian Gulf Security Policy, Middle East Oil Reserves.

Belanger, J.C.

1992-12-01T23:59:59.000Z

358

Petroleum Marketing Annual 2009  

Gasoline and Diesel Fuel Update (EIA)

Petroleum Marketing Annual 2009 Petroleum Marketing Annual 2009 Released: August 6, 2010 Monthly price and volume statistics on crude oil and petroleum products at a national, regional and state level. Notice: Changes to EIA Petroleum Data Program Petroleum Marketing Annual --- Full report in PDF (1.2 MB) Previous Issues --- Previous reports are available on the historical page. Summary Statistics Summary Statistics Tables PDF 1 Crude Oil Prices PDF TXT 1A Refiner Acquisition Cost of Crude Oil by PAD Districts HTML PDF TXT 2 U.S. Refiner Prices of Petroleum Products to End Users HTML PDF TXT 3 U.S. Refiner Volumes of Petroleum Products to End Users PDF TXT Motor Gasoline to End Users HTML Residual Fuel Oil and No. 4 Fuel to End Users HTML Other Petroleum Products to End Users HTML

359

Capital requirements for energy sector: capital market access. The shift to successful efforts accounting: preliminary review of probable effects on oil and gas industry participants  

SciTech Connect

This report provides an initial assessment of the effects that the adoption of uniform successful efforts accounting might have on access to capital markets and investment behavior in the oil and gas industry. It also proposes a plan of interviews and analysis which would permit informed revision and expansion of that initial assessment. Section II presents a discussion of the origins and current status of the controversy between advocates of successful efforts and full cost accounting. An important underpinning of the argument in favor of uniform successful efforts accounting is the premise that all industry participants are fundamentally comparable and, thus, should be subject to uniform accounting treatment. Section III questions this premise by examining the various classes of industry participants. Section IV presents data on the roles of those classes of industry participants, paying particular attention to the importance of the independents in the exploration phase of the business. Section V discusses the effects which a shift to uniform successful efforts accounting might have on the various industry participants. A discussion of our initial conclusions are presented in Section VI. Section VII reviews a plan of interviews and analysis which would permit a more informed evaluation of policy options. Finally, Section VIII presents a series of policy alternatives.

Bennett, V.

1978-02-01T23:59:59.000Z

360

Global Oil Geopolitics - Energy Information Administration  

U.S. Energy Information Administration (EIA)

1970 1975 1980 1985 1990 1995 2000 2005 2010 imported refiner acquisition cost of crude oil WTI crude ... World Crude Oil Supply and Demand Balance 14

Note: This page contains sample records for the topic "world oil markets" 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

EIA Crude Oil Distillation Capacity (Table 36)  

U.S. Energy Information Administration (EIA)

(Important Note on Sources of Crude Oil Distillation Capacity Estimates) Table 3.6 World Crude Oil Distillation Capacity, January 1, 1970 - January 1, 2009

362

One Hundred Years of Oil Income and the Iranian Economy: A Curse or a Blessing  

E-Print Network (OSTI)

 $ Constant 2009 $ Source: British Petroleum Statistical Review of World Energy. conditions and lower oil prices. Such a policy was discussed in a critical meeting of tech- nocrats and policy makers in Gajereh, but was ?atly rejected by the Shah who insisted...  oil prices in logs (left scale) Real exchange rate in logs (right scale) Note: The real exchange rate measure used is the ?free market?rate. Source: British Petroleum Statistical Review of World Energy and IMF International Financial Statistics. expected to last that long. It is less...

Mohaddes, Kamiar; Pesaran, M. Hashem

2012-01-17T23:59:59.000Z

363

Oilgopoly: a general equilibrium model of the oil-macroeconomy nexus  

E-Print Network (OSTI)

Saudi Arabia is the largest player in the world oil market. It maintains ample spare capacity, restricts investment in developing reserves, and its output is negatively correlated with other OPEC producers. While this behavior does not …t into the perfect competition paradigm, we show that it can be rationalized as that of a dominant producer with competitive fringe. We build a quantitative general equilibrium model along these lines which is capable of matching the historical volatility of the oil price, competitive and non-competitive oil output, and of generating the observed comovement among the oil price, oil quantities, and U.S. GDP. We use our framework to answer questions on which available models are silent: (1) What are the proximate determinants of the oil price and how do they vary over the cycle? (2) How large are oil pro…ts and what losses do they imply for oil-importers? (3) What do di¤erent fundamental shocks imply for the comovement of oil prices and GDP? (4) What are the general equilibrium e¤ects of taxes on oil consumption or oil production? We …nd, in particular, that the existence of an oil production distortion does not necessarily justify an oil consumption tax di¤erent from zero. 1

Anton Nakov Y; Banco De España; Galo Nuño; Banco De España

2009-01-01T23:59:59.000Z

364

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

Gasoline and Diesel Fuel Update (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...

365

Petroleum marketing annual 1993  

SciTech Connect

The Petroleum Marketing Annual (PMA) contains statistical data on a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the free-on-board (f.o.b.) and landed cost of imported crude oil, and the refiners acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented. For this publication, all estimates have been recalculated since their earlier publication in the Petroleum Marketing Monthly (PMM). These calculations made use of additional data and corrections that were received after the PMM publication dates.

1995-01-01T23:59:59.000Z

366

OPEC and the United States. The political economy of oil supply  

Science Conference Proceedings (OSTI)

World oil markets have fluctuated widely during the decade from 1973 to 1983, resulting in major adjustments in patterns of consumption and in the structure of the energy trade worldwide. This study focuses on the role of OPEC as both a producer and a consumer of energy and examines how the role affects the complex relations between OPEC and the U.S. The authors think that the recent U.S shift to closer markets like Mexico and Venezuela and the resulting unfavorable balance of trade with the Middle East and Africa will, in the long run, hurt the U.S. They predict a resurgence of OPEC as a producer of oil, oil products, and petrochemicals within the next twenty years as well as an increasing sophistication in marketing strategies on the part of OPEC members.

Mallakh, R.E.; Poulson, B.

1985-01-01T23:59:59.000Z

367

OPEC and the United States: The political economy of oil supply  

SciTech Connect

World oil markets have fluctuated widely during the decade from 1973 to 1983, resulting in major adjustments in patterns of consumption and in the structure of the energy trade worldwide. This study focuses on the role of OPEC as both a producer and a consumer of energy and examines how that role affects the complex relations between OPEC and the U.S. The authors think that the recent U.S. shift to closer markets like Mexico and Venezuela and the resulting unfavorable balance of trade with the Middle East and Africa will, in the long run, hurt the U.S. They predict a resurgence of OPEC as a producer of oil, oil products, and petrochemicals within the next twenty years as well as an increasing sophistication in marketing strategies on the part of OPEC members.

Mallakh, R.E.; Poulson, B.

1986-01-01T23:59:59.000Z

368

Spot Distillate & Crude Oil Prices  

U.S. Energy Information Administration (EIA)

Retail distillate prices follow the spot distillate markets, and crude oil prices have been the main driver behind distillate spot price increases until recently.

369

World Conference on Oilseed Processing  

Science Conference Proceedings (OSTI)

Fats and Oils Industry Professionals Gather in Izmir, Turkey Industry professionals will review and discuss the day-to-day concerns and critical issues related to soyabean, sunflower, corn, canola, olive and palm, and other tropical oils at the World Con

370

Oil Speculation by Jussi Keppo  

E-Print Network (OSTI)

Oil Speculation by Jussi Keppo July 8, 2008 The increase in the oil spot price seems to be mainly, the surplus oil capacity decreased from 5 million barrels a day to 2 million barrels a day. There seems, i.e., they are long in these markets. Here I focus on oil and I have simple points

Keppo, Jussi

371

TRANSMISSION EFFECTS IN MARKET POWER ANALYSIS OF ELECTRICITY MARKETS  

E-Print Network (OSTI)

TRANSMISSION EFFECTS IN MARKET POWER ANALYSIS OF ELECTRICITY MARKETS Thomas J. Overbye George Gross, congestion, merger analysis, PTDF 1. INTRODUCTION The electric power industry throughout the world of the impact that the electrical transmission system has on the analysis market power opportunities

Gross, George

372

Drunk On Oil: Russian Foreign Policy 2000-2007  

E-Print Network (OSTI)

10% of the world’s known oil reserves. 13 Russia holds the141 No new major oil reserves have been found since 2000,aggregation oil prices and foreign reserves have about the

Brugato, Thomas

2008-01-01T23:59:59.000Z

373

US military expenditures to protect the use of Persian Gulf oil for motor vehicles  

E-Print Network (OSTI)

70% of the world’s proven oil reserves, and the Persian Gulfto the largest proven oil reserves in the world (Jointthe region’s huge reserves of oil, and that as a result US

Delucchi, Mark; Murphy, James

2008-01-01T23:59:59.000Z

374

Economics and regulation of petroleum futures markets  

SciTech Connect

Because the futures market in petroleum products is a relatively recent phenomenon, the implications of public policies formulated for that market have not yet been fully explored. To provide the Office of Competition of the Department of Energy (DOE) with sufficient information to assess policy alternatives, Resource Planning Associates, Inc. (RPA) was asked to analyze the development of the futures market in No. 2 oil, assess the potential for futures markets in other petroleum products, and identify policy alternatives available to DOE. To perform this analysis, the criteria for a viable futures market was established first. Then, the experience to date with the 18-month-old futures market in No. 2 oil was examined, and the potential for viable futures markets in No. 6 oil, gasoline, jet fuel, and crude oil was assessed. Finally, how existing DOE regulations and prospective actions might affect petroleum futures market development was investigated.

Not Available

1980-08-01T23:59:59.000Z

375

Northeast Heating Fuel Market The, Assessment and Options  

Reports and Publications (EIA)

In response to the President's request, this study examineshow the distillate fuel oil market (and related energy markets) in the Northeast behaved in the winter of 1999-2000, explains the role played by residential,commercial, industrial, and electricity generation sectorconsumers in distillate fuel oil markets and describes how that role is influenced by the structure of the energy markets in the Northeast

Joan Heinkel

2000-05-01T23:59:59.000Z

376

Government policy and market penetration opportunities for US renewable energy technology in India and Pakistan  

SciTech Connect

Some US renewable energy industries are now looking abroad, especially to the rapidly developing Asia-Pacific region, in order to increase sales and expand markets. The developing world appears in principle to be an important market for renewable energy technologies. These international markets have proven extremely difficult to penetrate, and the US competitive position is threatened by strong, well-organized, government-supported competition from Japan and Western Europe. For example, US photovoltaic manufacturers held 80% of the world PV market in 1980; today their market share is down to 35%. Less developed countries (LDCs) present a potentially significant but highly elusive market for renewable energy technologies. This market may develop for three major reasons; the shortage of electricity supply and the high cost of grid extension to rural areas, the high cost of oil imports and the scarcity of light oil products, and the gradual replacement of traditional fuels with modern ones. The focus of this report is on the policies and attitudes of national and regional governments in India and Pakistan towards renewable energy technology and how these policies and attitudes affect the potential for penetration of these markets by US industry. We have attempted to provide some useful insight into the actual market environment in India and Pakistan rather than just report on official laws, regulations, and policies. The report also examines the economics of technologies in comparison with more traditional sources of energy. It concentrates primarily on technologies, such as photovoltaics and wind electric systems, that would benefit from foreign participation, but also identifies potential market opportunities for advanced solar desalination and other renewable energy technologies. 31 refs.

Sathaye, J.; Weingart, J.M.

1988-01-01T23:59:59.000Z

377

Petroleum marketing monthly, August 1994  

SciTech Connect

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product Sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly.

Not Available

1994-08-15T23:59:59.000Z

378

Petroleum marketing monthly, September 1994  

SciTech Connect

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum product sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly.

Not Available

1994-09-01T23:59:59.000Z

379

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

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

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

380

Commercial nuclear and uranium market forecasts for the United States and the world outside communist areas. Analysis report AR/ES/80-02  

SciTech Connect

Nuclear power forecasts prepared by the Energy Information Administration (EIA) of the United States Department of Energy are presented. The domestic forecasts from the EIA Annual Report to Congress for 1978 (published in July 1979) are detailed for the two time frames considered in the EIA analytical hierarchy: the midterm, encompassing the 1985, 1990, and 1995 milestones and the long term, beyond 1995 to the year 2020. EIA nuclear forecasts for the balance of nations in the World Outside Communist Areas (WOCA) are also presented through the year 2000. In turn, an assessment is made of the uranium consumption requirements implied by both the domestic and WOCA nuclear power forecasts. A discussion is included of appropriate fuel cycle assumptions, sensitivities, and price projections.

Clark, R.G.; Reynolds, A.W.

1980-01-01T23:59:59.000Z

Note: This page contains sample records for the topic "world oil markets" 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

Trends in oil production costs in the Middle East, elsewhere  

SciTech Connect

This article focuses on the costs of oil production in the major areas of the world, including OPEC and non-OPEC countries. The question of production costs has become even more important since 1986, when the Saudis unilaterally undercut the oil price. Shaikh Yamani slashed oil prices in 1986 with three clearly articulated objectives: (1) to reduce conservation; (2) to stimulate global economic growth; and (3) to discourage non-OPEC energy supplies of all kinds. Here the authors address the last of those strategic objectives -- squeezing out non-OPEC oil -- by comparing oil production costs around the world. The analysis is framed with respect to five questions: How great is the variation in full costs of production within OPEC itself Are the costs of OPEC and non-OPEC producers radically different Are there producing areas today that are cost-constrained, meaning where E P activity is limited by high costs in relation to expected prices Has the Saudi market share strategy been successful in curbing non-OPEC oil development Is it probably, as is often bruited, that lack of capital for new E P projects might constrain future oil production, especially in the OPEC states

Stauffer, T.R. (Stauffer, (Thomas R.), Washington, DC (United States))

1994-03-21T23:59:59.000Z

382

U.S. LNG Markets and Uses  

U.S. Energy Information Administration (EIA)

Energy Information Administration, Office of Oil and Gas January 2003 1 U.S. LNG Markets and Uses Introduction Liquefied natural gas (LNG) is expected to play an

383

Maritime chokepoints critical to petroleum markets - Today in ...  

U.S. Energy Information Administration (EIA)

Home; Browse by Tag; Most Popular Tags. electricity; oil/petroleum; liquid fuels; ... world oil transit chokepoints are a critical part of global energy security. ...

384

Modeling of Energy Production Decisions: An Alaska Oil Case Study  

E-Print Network (OSTI)

10 History of Oilthe market are well defined. 2.2.1 History of Oil ProductionThe history of oil production in Alaska runs from the late

Leighty, Wayne

2008-01-01T23:59:59.000Z

385

A global perspective on energy markets and economic integration.  

Science Conference Proceedings (OSTI)

What will be the effect of Iraqi domestic instability on Iraqi oil production Negotiations for Iranian nuclear technology on Iranian oil supplies Saudi commitment to expanded oil production President Putin's policies on Russian oil and natural gas supplies President Chavez's policies on Venezuelan oil supplies Instability in Nigeria Higher oil prices on world economic growth Effect of economic growth on oil demand in China, India, U.S., etc. Higher oil prices on non-OPEC oil supplies

Baker, Arnold Barry

2006-04-01T23:59:59.000Z

386

California Crude Oil Prices - Energy Information Administration  

U.S. Energy Information Administration (EIA)

California Crude Oil Prices 6/2/98. Click here to start. Table of Contents. California Crude Oil Prices. CA Crude Oil Price History. World Petroleum Supply/Demand Balance

387

Oil Exports and the Iranian Economy  

E-Print Network (OSTI)

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short run implications of a temporary resource discovery. Under certain regularity conditions and assuming a Cobb Douglas production function, it is shown that (log) oil exports enter the long run output equation with a coefficient equal to the share of capital. The long run theory is tested using a new quarterly data set on the Iranain economy over the period 1979Q1-2006Q4. Building an error correction specification in real output, real money balances, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two long run relations: an output equation as predicted by the theory and a standard real money demand equation with inflation acting as a proxy for the (missing) market interest rate. Real output in the long run is shaped by oil exports through their impact on capital accumulation, and the foreign output as the main channel of technological transfer. The results also show a significant negative long run association between in‡ation and real GDP, which is suggestive of economic inefficiencies. Once the effects of oil exports are taken into account, the estimates support output growth convergence between Iran and the rest of the world. We also find that the Iranian economy adjusts quite quickly to the shocks in foreign output and oil exports, which could be partly due to the relatively underdeveloped nature of Iran’s financial markets.

Hadi Salehi Esfahani; Kamiar Mohaddes; M. Hashem Pesaran

2009-01-01T23:59:59.000Z

388

Liquid Fuels Market Module  

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

Liquid Fuels Market Module Liquid Fuels Market Module This page inTenTionally lefT blank 145 U.S. Energy Information Administration | Assumptions to the Annual Energy Outlook 2013 Liquid Fuels Market Module The NEMS Liquid Fuels Market Module (LFMM) projects petroleum product prices and sources of supply for meeting petroleum product demand. The sources of supply include crude oil (both domestic and imported), petroleum product imports, unfinished oil imports, other refinery inputs (including alcohols, ethers, esters, corn, biomass, and coal), natural gas plant liquids production, and refinery processing gain. In addition, the LFMM projects capacity expansion and fuel consumption at domestic refineries. The LFMM contains a linear programming (LP) representation of U.S. petroleum refining

389

World Petroleum Supply/Demand Forecast - U.S. Energy Information ...  

U.S. Energy Information Administration (EIA)

... surplus supply over demand for spring and summer quarters compared with some other forecasters such as Oil Market Intelligence, ...

390

The Politics of Mexico’s Oil Monopoly  

E-Print Network (OSTI)

based on the current oil reserves and oil production? 2) Forto either increase its oil reserves or decrease its oilthe world in terms of oil reserves by having 16,041 million

Huizar, Richard

2008-01-01T23:59:59.000Z

391

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

392

Industrial Oil Products Division  

Science Conference Proceedings (OSTI)

A forum for professionals involved in research, development, engineering, marketing, and testing of industrial products and co-products from fats and oils, including fuels, lubricants, coatings, polymers, paints, inks, cosmetics, dielectric fluids, and ad

393

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...

394

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...

395

Crude Oil Price Cycles  

Gasoline and Diesel Fuel Update (EIA)

The heating oil and diesel fuel price runups in late January were made even more problematic by coming on top of the high side of the latest crude market cycle. Over the past 10...

396

Crude Oil Price Cycles  

U.S. Energy Information Administration (EIA)

The heating oil and diesel price runups in late January were made even more problematic by coming on top of the high side of the latest crude market cycle.

397

BP Statistical Review of World Energy  

E-Print Network (OSTI)

, `Accounting for Oil and Gas Exploration, Development, Production and Decommissioning Activities' (UK SORP-specific data according to energy type, region and year. · An oil, natural gas and LNG conversion calculator of the world's largest oil and gas companies, serving millions of customers in more than 100 countries across

Laughlin, Robert B.

398

Solar World USA not SolarWorld AG | Open Energy Information  

Open Energy Info (EERE)

World USA not SolarWorld AG World USA not SolarWorld AG Jump to: navigation, search Name Solar World USA (not SolarWorld AG) Place Colorado Springs, Colorado Zip 80907 Sector Solar Product Solar World manufactures solar powered products for educational, consumer, electronic and custom OEM markets. References Solar World USA (not SolarWorld AG)[1] LinkedIn Connections CrunchBase Profile No CrunchBase profile. Create one now! This article is a stub. You can help OpenEI by expanding it. Solar World USA (not SolarWorld AG) is a company located in Colorado Springs, Colorado . References ↑ "Solar World USA (not SolarWorld AG)" Retrieved from "http://en.openei.org/w/index.php?title=Solar_World_USA_not_SolarWorld_AG&oldid=351350" Categories: Clean Energy Organizations

399

Well servicing rig market report  

Science Conference Proceedings (OSTI)

This article profiles the well servicing industry, focusing on the problems facing the industry under currently depressed market conditions. The problems of rising operating costs, oil price uncertainty, and aging equipment are addressed specifically.

Killalea, M

1989-01-01T23:59:59.000Z

400

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

Note: This page contains sample records for the topic "world oil markets" 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

Energy and Oil Market Outlook  

Reports and Publications (EIA)

Presented by:Richard G. Newell, Administrator, U.S. Energy Information Administration, to: Senate Energy and Natural Resources CommitteeUnited States Senate; Washington, D.C.

Information Center

2011-02-03T23:59:59.000Z

402

U.S. Oil Markets  

Reports and Publications (EIA)

Presented by: Guy F. Caruso, EIA AdministratorPresented to: Government Reform Committee on Energy Policy, Natural Resources and Regulatory AffairsU.S. House of RepresentativesWashington, DCJuly 7, 2004

Information Center

2004-07-07T23:59:59.000Z

403

The Making of a Modern Market: eBay.com  

E-Print Network (OSTI)

Zelizer, Viviana. A. 2002. "Markets and Firms: Notes Toward2004. Tsukiji: The Fish Market at the Center of the World.Embeddedness of Economic Markets in Economics. ? Pp. 1-57 In

Kashkool, Keyvan

2010-01-01T23:59:59.000Z

404

Coordination of Retail Demand Response with Midwest ISO Markets  

E-Print Network (OSTI)

of the world's largest energy markets, and ensuring that theorganized wholesale energy markets (day-ahead and real time)through the wholesale energy market only. LSEs can offer D R

Bharvirkar, Ranjit

2008-01-01T23:59:59.000Z

405

Evaluation of the Department of Energy's plan to sell oil from the Strategic Petroleum Reserve  

SciTech Connect

The administration plans to reduce the effects of a severe oil supply disruption by selling oil from the Strategic Petroleum Reserve (SPR). Under a Department of Energy (DOE) plan, the oil would be sold at periodic auctions, with sales contracts awarded to the highest bidders. All interested parties who agree to DOE's contract terms and conditions would be eligible to bid. GAO's evaluation of DOE's plan addressed (1) its potential effects on world oil prices, (2) issues affecting who would get SPR oil under this plan, and (3) how the plan compares with alternative sales mechanisms. GAO found that the plan's market approach would, as intended, probably limit oil price increases in a severe supply disruption and would allow broad participation in the sale. Nevertheless, GAO identified some potential problems relating to buyer participation under the plan. 1 fig.

Bowsher, C.A.

1985-06-05T23:59:59.000Z

406

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

U.S. Energy Information Administration (EIA)

23. Domestic Crude Oil First Purchase Prices by API Gravity Energy Information Administration / Petroleum Marketing Annual 1996 45. Created Date:

407

Table 28. Percentages of Total Imported Crude Oil by API ...  

U.S. Energy Information Administration (EIA)

28. Percentages of Total Imported Crude Oil by API Gravity 50 Energy Information Administration / Petroleum Marketing Annual 1997. Created Date:

408

The cost of transportation`s oil dependence  

SciTech Connect

Transportation is critical to the world`s oil dependence problem because of the large share of world oil it consumes and because of its intense dependence on oil. This paper will focus on the economic costs of transportation`s oil dependence.

Greene, D.L.

1995-05-01T23:59:59.000Z

409

The Geopolitics of Oil, Gas, and Ecology in the Caucasus and Caspian Sea Basin. 1998 Caucasus Conference Report.  

E-Print Network (OSTI)

energy resources to the market; serve US oil companies’ interests in the Caspian; and develop alternate

Garcelon, Marc; Walker, Edward W.; Patten-Wood, Alexandra; Radovich, Aleksandra

1998-01-01T23:59:59.000Z

410

Oil price analysis  

Science Conference Proceedings (OSTI)

The transport has been in the whole history of mankind the basic and determining mover of the human society shape. It determined not only the position of towns, but also their inner design and it was also last but not least the basic element of the economic ... Keywords: GDP, deposit, fuels, history, market equilibrium, oil, oil reserves, price

Zdenek Riha; Viktorie Jirova; Marek Honcu

2011-12-01T23:59:59.000Z

411

Oil price; oil demand shocks; oil supply shocks; dynamic effects.  

E-Print Network (OSTI)

Abstract: Using a newly developed measure of global real economic activity, a structural decomposition of the real price of crude oil in four components is proposed: oil supply shocks driven by political events in OPEC countries; other oil supply shocks; aggregate shocks to the demand for industrial commodities; and demand shocks that are specific to the crude oil market. The latter shock is designed to capture shifts in the price of oil driven by higher precautionary demand associated with fears about future oil supplies. The paper quantifies the magnitude and timing of these shocks, their dynamic effects on the real price of oil and their relative importance in determining the real price of oil during 1975-2005. The analysis sheds light on the origin of the observed fluctuations in oil prices, in particular during oil price shocks. For example, it helps gauge the relative importance of these shocks in the build-up of the real price of crude oil since the late 1990s. Distinguishing between the sources of higher oil prices is shown to be crucial in assessing the effect of higher oil prices on U.S. real GDP and CPI inflation, suggesting that policies aimed at dealing with higher oil prices must take careful account of the origins of higher oil prices. The paper also quantifies the extent to which the macroeconomic performance of the U.S. since the mid-1970s has been driven by the external economic shocks driving the real price of oil as opposed to domestic economic factors and policies. Key words: JEL:

Lutz Kilian

2006-01-01T23:59:59.000Z

412

Petroleum marketing monthly, August 1993  

SciTech Connect

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

1993-08-10T23:59:59.000Z

413

Petroleum marketing monthly, February 1994  

SciTech Connect

The Petroleum Marketing Monthly is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiner`s acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

1994-02-25T23:59:59.000Z

414

Petroleum marketing monthly, August 1990  

SciTech Connect

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners' acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented. 12 figs., 49 tabs.

1990-11-07T23:59:59.000Z

415

Petroleum marketing monthly, March 1994  

SciTech Connect

The Petroleum Marketing Monthly is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, education institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiner`s acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

1994-03-22T23:59:59.000Z

416

Petroleum marketing monthly, January 1994  

SciTech Connect

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

1994-02-01T23:59:59.000Z

417

Petroleum marketing monthly, October 1989  

SciTech Connect

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners' acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

1990-01-09T23:59:59.000Z

418

Petroleum marketing monthly, April 1994  

SciTech Connect

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

1994-04-12T23:59:59.000Z

419

Petroleum marketing monthly, January 1989  

SciTech Connect

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners' acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented. 12 figs., 53 tabs.

1989-04-04T23:59:59.000Z

420

Petroleum marketing monthly, November 1993  

SciTech Connect

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed costs of imported crude oil, and the refiner`s acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

1993-11-09T23:59:59.000Z

Note: This page contains sample records for the topic "world oil markets" 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

Petroleum marketing monthly, October 1993  

SciTech Connect

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase prices, the f.o b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Sales data for motor gasoline, distillates residuals, aviation fuels, kerosene, and propane are presented.

1993-10-07T23:59:59.000Z

422

Petroleum marketing monthly, September 1989  

SciTech Connect

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

1989-12-08T23:59:59.000Z

423

Petroleum marketing monthly, July 1993  

Science Conference Proceedings (OSTI)

The Petroleum Marketing Monthly (PMM) is designed to give information and statistical data about a variety of crude oils and refined petroleum products. The publication provides statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Sales data for motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane are presented.

Not Available

1993-07-15T23:59:59.000Z

424

Understanding the China energy market: trends and opportunities 2006  

SciTech Connect

The report details the current and future state of the energy industry in China. It is intended for strategists and researchers seeking to identify market potential for their products and services in all sectors of the China energy industry. The report is in 4 Sections: Overview of China Energy Market; Market Analysis; Market Segments (including electricity and coal); and Breaking into theMmarket. China's economic trajectory has driven its expanding energy needs, and it is now the world's second largest energy consumer behind the United States. China's energy sector has enormous potential, especially the coal, petroleum and natural gas industries, yet China is currently a net importer of oil, and imports are expected to increase to more than 900 million barrels in 2006, against a total demand of 1.993 billion barrels per year. China is looking to expand its production of coal, natural gas, and renewable energy sources such as nuclear, solar and hydroelectric power to meet the enormous appetite for energy spawned by its massive industrial complex and consumer sectors. It is estimated that in 2020, China will need 2.8 billion tons of coal and 600 million tons of crude oil, two and a half times more than in 2000.

NONE

2006-07-01T23:59:59.000Z

425

World Labs  

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

Particle Physics Labs Worldwide Elementary Particles Detectors Accelerators Visit World Labs Brookhaven National Laboratory-RHIC CERN -- European Organization for Nuclear Research...

426

Petroleum marketing monthly, March 1995  

SciTech Connect

This report for March 1995, provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly. A glossary is included.

1995-03-10T23:59:59.000Z

427

CRUDE OIL PRICE FLUCTUATIONS AND SAUDI ARABIAN BEHAVIOUR by  

E-Print Network (OSTI)

The responsibility for the contents of the working paper rests with the author, not the Institute. Since working papers are of a preliminary nature, it may be useful to contact the author of a particular working paper about results or caveats before referring to, or quoting, a paper. Any comments on working papers should be sent directly to the author. CRUDE OIL PRICE FLUCTUATIONS AND SAUDI ARABIAN BEHAVIOUR* This study seeks to explain why crude oil prices fluctuate, the main cause being the quota regime, which characterises the OPEC agreements. Given that the Saudi oil supply is inelastic in the short term, a shock in the oil market is accommodated by an immediate price change. In contrast, a dominant firm behaviour in the long term causes an output change, which is accompanied by a smaller price change. This explains why oil prices overshoot. The results of a general equilibrium model applied to Saudi Arabia support this analysis. They also indicate that Saudi Arabia does not have any incentive in altering the crude oil market equilibrium with either positive or negative supply shocks; and that its behaviour is asymmetric in the presence of world demand shocks, having an incentive (disincentive) in intervening if a negative (positive) demand shock hits the crude oil market. A second set of simulations is designed to understand what might be a correct OECD policy to lower prices. A tax cut would worsen the situation, whereas policies which can increase the price elasticity of demand seem to be very effective. * I have benefited from discussions with Christiane Kasten, Bodo Steiner and Manfred Wiebelt. All errors are my responsibility.

Roberto A. De Santis; Roberto A. De Santis

2000-01-01T23:59:59.000Z

428

U. S. Military Expenditures to Protect the Use of Persian Gulf Oil for Motor Vehicles: Report #15 in the series: The Annualized Social Cost of Motor-Vehicle Use in the United States, based on 1990-1991 Data  

E-Print Network (OSTI)

of the world's proven oil reserves 2 , and the countries ofof the world’s proven oil reserves it typically has producedthe largest proven oil reserves in the world. For example,

Delucchi, Mark; Murphy, James

2006-01-01T23:59:59.000Z

429

Costs of Oil Dependence: A 2000 Update  

SciTech Connect

Oil dependence remains a potentially serious economic and strategic problem for the United States. This report updates previous estimates of the costs of oil dependence to the U.S. economy and introduces several methodological enhancements. Estimates of the costs to the U.S. economy of the oil market upheavals of the last 30 years are in the vicinity of $7 trillion, present value 1998 dollars, about as large as the sum total of payments on the national debt over the same period. Simply adding up historical costs in 1998 dollars without converting to present value results in a Base Case cost estimate of $3.4 trillion. Sensitivity analysis indicates that cost estimates are sensitive to key parameters. A lower bound estimate of $1.7 trillion and an upper bound of $7.1 trillion (not present value) indicate that the costs of oil dependence have been large under almost any plausible set of assumptions. These cost estimates do not include military, strategic or political costs associated with U.S. and world dependence on oil imports.

Greene, D.L.

2000-05-17T23:59:59.000Z

430

Cost of Oil Dependence: A 2000 Update  

Science Conference Proceedings (OSTI)

Oil dependence remains a potentially serious economic and strategic problem for the United States. This report updates previous estimates of the costs of oil dependence to the U.S. economy and introduces several methodological enhancements. Estimates of the costs to the U.S. economy of the oil market upheavals of the last 30 years are in the vicinity of $7 trillion, present value 1998 dollars, about as large as the sum total of payments on the national debt over the same period. Simply adding up historical costs in 1998 dollars without converting to present value results in a Base Case cost estimate of $3.4 trillion. Sensitivity analysis indicates that cost estimates are sensitive to key parameters. A lower bound estimate of $1.7 trillion and an upper bound of $7.1 trillion (not present value) indicate that the costs of oil dependence have been large under almost any plausible set of assumptions. These cost estimates do not include military, strategic or political costs associated with U.S. and world dependence on oil imports.

Greene, D.L.; Tishchishyna, N.I.

2000-05-01T23:59:59.000Z

431

Forecasting of isothermal enhanced oil recovery (EOR) and waterflood processes.  

E-Print Network (OSTI)

??Oil production from EOR and waterflood processes supplies a considerable amount of the world's oil production. Therefore, the screening and selection of the best EOR… (more)

Mollaei, Alireza

2012-01-01T23:59:59.000Z

432

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

Gasoline and Diesel Fuel Update (EIA)

Workshops Workshops Financial and Physical Oil Market Linkages Workshop (September 23, 2013) Workshop Agenda and Participants Financial and Physical Oil Market Linkages II Workshop (September 27, 2012) Workshop Agenda and Participants Workshop Summary Notes Physical Market Conditions, Paper Market Activity, and the Brent-WTI Spread Bahattin Buyuksahin, Thomas K. Lee, James T. Moser and Michel A. Robe Presentation (Michel Robe) Discussant Presentation (Lutz Kilian) Speculation in the Oil Market Luciana Juvenal and Ivan Petrella Presentation (Luciana Juvenal) Discussant Presentation (James Hamilton) Financial Investment in Commodities Markets: Potential Impact on Commodity Prices and Volatilities Institute of International Finance (IIF) Commodities Task Force Presentation (Hung Tran)

433

World Biodiesel Markets The Outlook to 2010  

E-Print Network (OSTI)

The Americas USA, Brazil, Colombia, Argentina, Canada Asia/Pacific Malaysia, Indonesia, Australia, China, India of biodiesel, and has a high demand for additional feedstocks which are met through imports. The study provides

434

Order Code RL33212 CRS Report for Congress Received through the CRS Web Russian Oil and Gas Challenges  

E-Print Network (OSTI)

Russia is a major player in world energy markets. It has more proven natural gas reserves than any other country, is among the top ten in proven oil reserves, is the largest exporter of natural gas, the second largest oil exporter, and the third largest energy consumer. Energy exports have been a major driver of Russia’s economic growth over the last five years, as Russian oil production has risen strongly and world oil prices have been very high. This type of growth has made the Russian economy dependent on oil and natural gas exports and vulnerable to fluctuations in oil prices. Russia’s ability to maintain and expand its capacity to produce and to export energy faces difficulties. Russia’s oil and gas fields are aging. Modern western energy technology has not been fully implemented. There is insufficient export capacity in the crude oil pipeline system controlled by Russia’s state-owned pipeline monopoly, Transneft. And, there is insufficient investment capital for improving and expanding Russian oil and gas production and pipeline systems. The Russian government has moved to take control of the country’s energy supplies. It broke up the previously large energy company Yukos and acquired its

Bernard A. Gelb

2006-01-01T23:59:59.000Z

435

The World Energy Problem -What Should We be Doing? FPA Annual Meeting, Washington 2005  

E-Print Network (OSTI)

Hydrates1462.23GAS Shale Oil, Bitumen and Heavy Oil% of 11180.22OIL Unconv. Conventional1483.50OIL + NGLs and Resources," John Sheffield. #12;Projected World Energy Demand in Gtoe (Gigatonnes of oil energy equivalent 1995 & 2004 Note proved recoverable: Coal: 567 (1995) and 643 (2004). Oil: 141 (1995) and 148 (2004

436

Crude Oil Prices - Energy Information Administration  

U.S. Energy Information Administration (EIA)

U.S. Energy Information Administration/Petroleum Marketing Monthly February 2012 42 Table 18. Domestic Crude Oil First Purchase Prices (Dollars per Barrel) — Continued

437

Crude Oil Watch - Energy Information Administration  

U.S. Energy Information Administration (EIA)

Estimated Contract Prices, EIA Office of Energy Markets and End Use, Platt’s Oilgram Price Report, Petroleum Intelligence Weekly , Bloomberg Oil Buyers’ Guide, ...

438

Schedule of event - World Conference on Oilseed Processing  

Science Conference Proceedings (OSTI)

short course, luncheons, poster and oral presentations Schedule of event - World Conference on Oilseed Processing Biofuels and Bioproducts and Biodiesel Processing Elearning Olive oil Industry Events Industrial Oil Products Abstracts Program Trav

439

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

440

China: Changing Wood Products Markets  

E-Print Network (OSTI)

#12;China: Changing Wood Products Markets less is probably known about the forestry and wood products market in China than most other U.S. trading partners. In the 1980s China emerged as the world,11,12). However, U.S. wood products exports to China declined nearly 93 percent from 1988 to 1996, from $-I%3

Zhang, Daowei

Note: This page contains sample records for the topic "world oil markets" 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

Mediterranean clonal selections evaluated for modern hedgerow olive oil production in Spain  

E-Print Network (OSTI)

J, Hermoso JF. 2008. Olive oil cultivars suitable for verypdf. Vossen PM. 2007. Olive oil: History, production andof the world’s classic oils. HortScience Scientists at IRTA’

Tous, Joan; Romero, Agusti; Hermoso, Juan Francisco; Ninot, Antonia

2011-01-01T23:59:59.000Z

442

Tsao_LaserFocusWorld0503.pdf  

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

Focus World, May 2003 Page 1 Roadmap projects significant LED penetration of lighting market by 2010 Jeffrey Tsao A quiet revolution is under way. During the next five to ten years...

443

European battery market  

SciTech Connect

The electric battery industry in Europe is discussed. As in any other part of the world, battery activity in Europe is dependent on people, prosperity, car numbers, and vehicle design. The European battery industry is discussed from the following viewpoints: battery performance, car design, battery production, marketing of batteries, battery life, and technology changes.

1984-02-01T23:59:59.000Z

444

An analysis of US propane markets, winter 1996-1997  

SciTech Connect

In late summer 1996, in response to relatively low inventory levels and tight world oil markets, prices for crude oil, natural gas, and products derived from both began to increase rapidly ahead of the winter heating season. Various government and private sector forecasts indicated the potential for supply shortfalls and sharp price increases, especially in the event of unusually severe winter weather. Following a rapid runup in gasoline prices in the spring of 1996, public concerns were mounting about a possibly similar situation in heating fuels, with potentially more serious consequences. In response to these concerns, the Energy Information Administration (EIA) participated in numerous briefings and meetings with Executive Branch officials, Congressional committee members and staff, State Energy Offices, and consumers. EIA instituted a coordinated series of actions to closely monitor the situation and inform the public. This study constitutes one of those actions: an examination of propane supply, demand, and price developments and trends.

1997-06-01T23:59:59.000Z

445

Petroleum marketing monthly, July 1994  

Science Conference Proceedings (OSTI)

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in five sections: summary statistics; crude oil prices; prices of petroleum products; volumes of petroleum products; and prime supplier sales volumes of petroleum products for local consumption. 7 figs., 50 tabs.

Not Available

1994-07-01T23:59:59.000Z

446

Petroleum marketing monthly, June 1994  

SciTech Connect

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in five sections: Summary Statistics; Crude Oil Prices; Prices of Petroleum Products; Volumes of Petroleum Products; and Prime Supplier Sales Volumes of Petroleum Products for Local Consumption. The feature article is entitled ``The Second Oxygenated Gasoline Season.`` 7 figs., 50 tabs.

Not Available

1994-06-01T23:59:59.000Z

447

Applications: Oil and gas production  

E-Print Network (OSTI)

on Health, Safety & Environment in Oil & Gas E&P SPE/EAGE European Unconventional Resources Conference SPE International Conference PennWell Unconventional Oil and Gas Europe PennWell Underwater Intervention Marine Exploration Society Conference UGAS SPE Middle East Unconventional Gas Conference WHOC World Heavy Oil

448

Proceedings of the 5th World Conference on Detergents  

Science Conference Proceedings (OSTI)

5th World Conference on Detergents, includes CD-ROM. Proceedings of the 5th World Conference on Detergents Surfactants and Detergents aocs articles Detergents division divisions fabric fats home care jaocs journal jsd laundry methods oils papers personal

449

Oil and Global Adjustment  

E-Print Network (OSTI)

The current account surplus of the world’s major oil exporting economies – defined as the IMF’s fuel-exporting emerging economies plus Norway – increased from $110b to about $500b between 2002 and 2006. 2 In 2006, the current account surplus of the Gulf

Brad Setser

2007-01-01T23:59:59.000Z

450

David L. Greene, Janet L. Hopson, and Jia Li A risk analysisis presentedof thepeakingof world conventionaloil pro-  

E-Print Network (OSTI)

USSRandLatinAmericaappeartohavesignificantquan- TABLE3 Estimates ofWorld Oil Sands and Oil Shale Resourcesfrom Three Sources The USGS estimates also~ada and the United States by assuming that all Canadianoil sandsare included and no Canlidian oil shale. This leaves FIGURE9 World oil production from oil shale: reference scenario of text andUSGS resource estimates. #12

451

A Review of World Hydrocarbon Resource Assessments  

Science Conference Proceedings (OSTI)

This study reviews assessments of world oil, natural gas, and oil shale resources made between the end of World War II and the end of 1980. Details are provided on the methods used in developing these assessments, geographic coverage, time horizons, and major assumptions (e.g., about discovery rates and recovery factor). Conclusions on the current state of knowledge concerning each of these hydrocarbon resources are presented.

1982-11-01T23:59:59.000Z

452

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

Annual Energy Outlook 2012 (EIA)

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

453

Table 28. Percentages of Total Imported Crude Oil by API Gravity  

Gasoline and Diesel Fuel Update (EIA)

Oil Acquisition Report," July 1984 to present. 28. Percentages of Total Imported Crude Oil by API Gravity 50 Energy Information Administration Petroleum Marketing Annual 1996...

454

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

Gasoline and Diesel Fuel Update (EIA)

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...

455

Table 28. Percentages of Total Imported Crude Oil by API Gravity  

Gasoline and Diesel Fuel Update (EIA)

Oil Acquisition Report," July 1984 to present. 28. Percentages of Total Imported Crude Oil by API Gravity 50 Energy Information Administration Petroleum Marketing Annual 1997...

456

EIA Report 9/13/08 - Hurricane Impacts on U.S. Oil & Natural Gas ...  

U.S. Energy Information Administration (EIA)

U.S. Oil and Natural Gas Market Impacts. Prices. NYMEX Futures Prices ... Gulf of Mexico Oil & Natural Gas Facts Energy Information Administration: Gulf of ...

457

Understanding the China energy market: trends and opportunities 2006  

Science Conference Proceedings (OSTI)

The report is broken up into 4 Sections: Section I - Overview of China Energy Market (historical background, market value, consumption, production, reserves, export and import, market segmentation, market forecast); Section II - Market Analysis (PEST analysis, Porter's five forces analysis, socio-economic trends, consumption trends); Section III - Market Segments (electricity, oil, natural gas, liquefied natural gas, liquid petroleum gas, nuclear power, coal, renewables, photovoltaics, wind power, hydroelectric power. Each market segment details current and planned projects, and lists participants in that sector); and Section IV - Breaking Into the Market (regulatory framework, methods of market entry, foreign investment, challenges, government agencies).

Barbara Drazga

2005-05-15T23:59:59.000Z

458

Petroleum marketing monthly with data for April 1995  

SciTech Connect

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data on the Petroleum Marketing Monthly. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: Summary statistics; crude oil prices; prices of petroleum products; volumes of petroleum products; and prime supplier sales volumes of petroleum products for local consumption.

NONE

1995-07-05T23:59:59.000Z

459

Petroleum marketing monthly, June 1995 with data for March 1995  

SciTech Connect

The Petroleum Marketing Monthly (PMM) provides information and statistical data on a variety of crude oils and refined petroleum products. The publication presents statistics on crude oil costs and refined petroleum products sales for use by industry, government, private sector analysts, educational institutions, and consumers. Data on crude oil include the domestic first purchase price, the f.o.b. and landed cost of imported crude oil, and the refiners` acquisition cost of crude oil. Refined petroleum product sales data include motor gasoline, distillates, residuals, aviation fuels, kerosene, and propane. The Petroleum Marketing Division, Office of Oil and Gas, Energy Information Administration ensures the accuracy, quality, and confidentiality of the published data in the Petroleum Marketing Monthly. Monthly statistics on purchases of crude oil and sales of petroleum products are presented in the Petroleum Marketing Monthly in five sections: Summary Statistics Crude Oil Prices; Prices of Petroleum Products; Volumes of Petroleum Products; and Prime Supplier Sales Volumes of Petroleum Products for Local Consumption.

NONE

1995-06-16T23:59:59.000Z

460

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

U.S. Energy Information Administration (EIA)

Don't miss: EIA's monthly Market Prices and Uncertainty Report or What Drives Crude Oil Prices? (an analysis of 7 key factors that may influence oil prices, physical ...

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


461

World energy consumption  

Science Conference Proceedings (OSTI)

Historical and projected world energy consumption information is displayed. The information is presented by region and fuel type, and includes a world total. Measurements are in quadrillion Btu. Sources of the information contained in the table are: (1) history--Energy Information Administration (EIA), International Energy Annual 1992, DOE/EIA-0219(92); (2) projections--EIA, World Energy Projections System, 1994. Country amounts include an adjustment to account for electricity trade. Regions or country groups are shown as follows: (1) Organization for Economic Cooperation and Development (OECD), US (not including US territories), which are included in other (ECD), Canada, Japan, OECD Europe, United Kingdom, France, Germany, Italy, Netherlands, other Europe, and other OECD; (2) Eurasia--China, former Soviet Union, eastern Europe; (3) rest of world--Organization of Petroleum Exporting Countries (OPEC) and other countries not included in any other group. Fuel types include oil, natural gas, coal, nuclear, and other. Other includes hydroelectricity, geothermal, solar, biomass, wind, and other renewable sources.

NONE

1995-12-01T23:59:59.000Z

462

World Energy Outlook 2008  

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

OECD/IEA - OECD/IEA - 2008 © OECD/IEA - 2008 © OECD/IEA - 2008 To Cover... To Cover To Cover ... ... Transport Energy and CO 2 Where are we going? What are the dangers? How do we change direction? Primarily reporting on: IEA WEO 2008 IEA ETP 2008 On-going work with IEA's Mobility Model One or two detours to talk about modelling © OECD/IEA - 2008 0 2 000 4 000 6 000 8 000 10 000 12 000 14 000 16 000 18 000 1980 1990 2000 2010 2020 2030 Mtoe Other renewables Hydro Nuclear Biomass Gas Coal Oil World energy demand expands by 45% between now and 2030 - an average rate of increase of 1.6% per year - with coal accounting for more than a third of the overall rise Where are we headed? World Energy Outlook 2008 Where are we headed? World Energy Outlook Where are we headed? World Energy Outlook

463

World pipeline construction to slip for 1994 and beyond  

SciTech Connect

World pipeline construction planned in 1994 and beyond has fallen in the past year, reflecting uncertainties in energy markets. Still, significant expansions are under way or planned for Latin America, Asia and the Pacific regions, and Europe. Latest Oil and Gas Journal data, derived from its survey of world pipeline operators, industry sources, and published information, show more than 55,000 miles of crude oil, product, and natural gas pipeline planned for 1994 and beyond. The data include projections for pipeline construction in Russia and former republics of the Soviet Union. Western Russia and all countries west of the Ural Mountains are included under totals for Europe, eastern Russia and countries east of the Urals under totals for the Asia-Pacific region. The paper discusses the following: European gas lines; North Sea projects; Gulf of Thailand; Yacheng subsea pipeline; Australian gas lines; other Asian lines; Russian activity; Algeria-Europe gas lines; Southeast US; Gulf gathering systems; Western US; South America; Trans-Ecuadorian expansion; Chilean gas network; and Bolivia-Brazil gas line.

Koen, A.D.; True, W.R.

1994-02-07T23:59:59.000Z

464

Petroleum Marketing Annual Historical - U.S. Energy Information ...  

U.S. Energy Information Administration (EIA)

Petroleum Marketing Annual. Annaul price and volume statistics on crude oil and petroleum products at a national, regional and state level. Data and Analysis from the ...

465

EIA highlights key factors in new energy and financial markets ...  

U.S. Energy Information Administration (EIA)

Yesterday, EIA launched a new web-based assessment highlighting key factors that can affect crude oil prices called "Energy and Financial Markets: What Drives Crude ...

466

The Natural Gas Industry and Markets in 2004  

U.S. Energy Information Administration (EIA)

The Natural Gas Industry and Markets in 2004 Energy Information Administration, Office of Oil and Gas, February 2006 1 This special report provides an overview of the ...

467

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

468

U.S., Canada continue dominance of world`s gas processing  

Science Conference Proceedings (OSTI)

Gas plants in the US and Canada continued to lead the rest of the world in processing capacity, throughput, and NGL production in 1996. The consolidation of gas-processing assets that has been rolling through US companies in recent years continued to limit growth in new capacity. Canadian liquids producers, on the other hand, will likely benefit from increased gas production and export sales to the US when a clutch of pipeline expansions in the next 18--30 months eases the capacity constraints on gas movements southward. And, markets and suppliers around the world continue to become more closely dependent on each other, stimulating new capacity and production. US capacity stood at slightly more than 678 bcfd as of January 1, 1997; throughput for 1996 averaged 48.8 bcfd; and NGL production exceeded 76,000 gpd. Canadian gas-processing capacity last year approached 40 bcfd. Gas-processing throughput there averaged more than 30.8 bcfd; NGL production fell to slightly more than 42,000 gpd. Oil and Gas Journal`s most recent exclusive, plant-by-plant, worldwide gas-processing survey and its international survey of petroleum-derived sulfur recovery reflect these trends. This report supplements operator-supplied capacity and production data for Alberta with figures from the (1) Alberta Energy and Utilities Board (AEUB), formerly the Energy Resources Conservation Board (ERBC), (2) British Columbia Ministry of Employment and Investment`s Engineering and Operations Branch, and (3) Saskatchewan Ministry of Energy and Mines.

True, W.R.

1997-06-02T23:59:59.000Z

469

Energy Information Administration/Petroleum Marketing Annual  

Gasoline and Diesel Fuel Update (EIA)

9 9 Articles Feature articles on energy-related subjects are frequently included in this publication. The following ar- ticles and special focus items have appeared in previous issues. Propane Market Assessment for Winter 1997-1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 1997 A Contrast Between Distillate Fuel Oil Markets in Autumn 1996 and 1997 . . . . . . . . . . . . . . . . . . . . December 1997 A Comparison of Selected EIA-782 Data With Other Data Sources . . . . . . . . . . . . . . . . . . . . . . . . . . . November 1997 Distillate Fuel Oil Assessment for Winter 1996-1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 1996 Propane Market Assessment for Winter 1996-1997 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . December 1996 Recent Distillate Fuel Oil Inventory Trends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . June 1996 Recent Trends in Motor Gasoline Stock Levels .

470

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

E-Print Network (OSTI)

Price elasticity of demand for crude oil: estimates for 2327] Krichene, N. World crude oil and natural gas: a demandIn contrast to synthetic crude oils produced from the above

Brandt, Adam R.; Farrell, Alexander E.

2008-01-01T23:59:59.000Z

471

Modeling of Energy Production Decisions: An Alaska Oil Case Study  

E-Print Network (OSTI)

2007). The world will reach peak oil production rates, atenergy security costs, and peak oil as emergencies, we willwhen oil price is high, then the first peak in drilling cost

Leighty, Wayne

2008-01-01T23:59:59.000Z

472

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

E-Print Network (OSTI)

playing key role in peak-oil debate, future energy supply.of di?ering views of peak oil, including Yergin’s, isHubbert’s Peak: The Impending World Oil Shortage. Princeton

Brandt, Adam R.; Farrell, Alexander E.

2008-01-01T23:59:59.000Z

473

Transforming the Oil Industry into the Energy Industry  

E-Print Network (OSTI)

Transforming the Oil Industry into the Energy Industry BYculprit. It consumes half the oil used in the world andconsuming two thirds of the oil and causing about one third

Sperling, Daniel; Yeh, Sonia

2009-01-01T23:59:59.000Z

474

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

E-Print Network (OSTI)

D. J. and Cecchine, G. Oil shale development in the Unitedresources of some world oil-shale deposits. Technical Reportfor CO2 evolved from oil shale. Fuel Processing Technology,

Brandt, Adam R.; Farrell, Alexander E.

2008-01-01T23:59:59.000Z

475

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

476

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

477

DEMOCRACY OVER A BARREL: OIL, REGIME CHANGE AND WAR  

E-Print Network (OSTI)

the third largest proven oil reserves in the world; it maythird biggest known crude oil reserves. “This is a nationalGulf monarchies, where oil reserves per capita are 43 times

Karl, Terry

2008-01-01T23:59:59.000Z

478

Oil export policy and economic development in OPEC  

Science Conference Proceedings (OSTI)

During the 1970s, members of the Organization of Petroleum Exporting Countries (OPEC) increased the price of their oil exports by 2000% in nominal terms. The ability of OPEC countries to increase the economic and other benefits they drew from each barrel of oil was a familiar theme of that decade. However, recent developments in the world oil market may not be so encouraging for OPEC. From 1979 to 1983, demand for OPEC crude oil decreased by almost 45%, or from 30.9 to 17.5 million barrels per day (mbd). Despite this dramatic decrease, the news on the price front has not so far been that bad for OPEC. The average OPEC oil price, which had increased from $1.80/bbl (barrel) in 1970 to $36/bbl by 1980, declined to $29/bbl by 1983. OPEC has thus defied many experts by managing to avoid a price collapse. Not surprisingly, these developments have raised arguments about the nature of OPEC and how it operates. OPEC has been characterized variously as a very tight cartel and as a loose and ineffectual organization. This paper tries to shed some light on OPEC, and especially on how the economic development objectives of influential OPEC members affect their oil policies.

Aperjis, D.G.

1984-01-01T23:59:59.000Z

479

Navy mobility fuels forecasting system report: World petroleum trade forecasts for the year 2000  

Science Conference Proceedings (OSTI)

The Middle East will continue to play the dominant role of a petroleum supplier in the world oil market in the year 2000, according to business-as-usual forecasts published by the US Department of Energy. However, interesting trade patterns will emerge as a result of the democratization in the Soviet Union and Eastern Europe. US petroleum imports will increase from 46% in 1989 to 49% in 2000. A significantly higher level of US petroleum imports (principally products) will be coming from Japan, the Soviet Union, and Eastern Europe. Several regions, the Far East, Japan, Latin American, and Africa will import more petroleum. Much uncertainty remains about of the level future Soviet crude oil production. USSR net petroleum exports will decrease; however, the United States and Canada will receive some of their imports from the Soviet Union due to changes in the world trade patterns. The Soviet Union can avoid becoming a net petroleum importer as long as it (1) maintains enough crude oil production to meet its own consumption and (2) maintains its existing refining capacities. Eastern Europe will import approximately 50% of its crude oil from the Middle East.

Das, S.

1991-12-01T23:59:59.000Z

480

International energy policy: the conflict of investment needs and market signals  

SciTech Connect

The Arabian Gulf is a neglected opportunity and Western Europe a neglected risk on resource and production cost grounds, but the greatest danger to energy security lies in the US imposing its highly market-oriented energy logic on the rest of the world. Speaking for the International Association of Energy Economists, the author points out that energy prospects look different to Europeans than to Americans. Europe needs to develop a balancing factor to Soviet gas, but is ahead of the US in its concern for energy security and the impact of energy development on the environment and society. The US message that free markets provide the best solutions tends to be ignored because the US message persists in its claim that the price of oil drives the entire energy machine. Natural gas offers the most hope as an alternative, but it is necessary to develop committed markets.

Tempest, P.

1985-04-01T23:59:59.000Z

Note: This page contains sample records for the topic "world oil markets" 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

Petroleum Market Module  

Gasoline and Diesel Fuel Update (EIA)

This page intentionally left blank This page intentionally left blank 137 U.S. Energy Information Administration | Assumptions to the Annual Energy Outlook 2011 Petroleum Market Module The NEMS Petroleum Market Module (PMM) projects petroleum product prices and sources of supply for meeting petroleum product demand. The sources of supply include crude oil (both domestic and imported), petroleum product imports, unfinished oil imports, other refinery inputs (including alcohols, ethers, bioesters, corn, biomass, and coal), natural gas plant liquids production, and refinery processing gain. In addition, the PMM projects capacity expansion and fuel consumption at domestic refineries. The PMM contains a linear programming (LP) representation of U.S. refining activities in the five Petroleum Administration for

482

Petroleum Market Module  

Gasoline and Diesel Fuel Update (EIA)

This page inTenTionally lefT blank 135 U.S. Energy Information Administration | Assumptions to the Annual Energy Outlook 2012 Petroleum Market Module The NEMS Petroleum Market Module (PMM) projects petroleum product prices and sources of supply for meeting petroleum product demand. The sources of supply include crude oil (both domestic and imported), petroleum product imports, unfinished oil imports, other refinery inputs (including alcohols, ethers, esters, corn, biomass, and coal), natural gas plant liquids production, and refinery processing gain. In addition, the PMM projects capacity expansion and fuel consumption at domestic refineries. The PMM contains a linear programming (LP) representation of U.S. refining activities in the five Petroleum Administration for

483

IEA World Energy Outlook | Open Energy Information  

Open Energy Info (EERE)

IEA World Energy Outlook IEA World Energy Outlook Jump to: navigation, search Tool Summary Name: IEA World Energy Outlook Agency/Company /Organization: International Energy Agency Sector: Energy Focus Area: Conventional Energy, Energy Efficiency, Renewable Energy Topics: Market analysis, Technology characterizations References: World Energy Outlook[1] The 2010 "edition of the World Energy Outlook - the International Energy Agency's flagship publication and leading source of analysis of global energy trends - presents updated projections of energy demand, production, trade and investment, fuel by fuel and region by region to 2035. WEO-2010 includes, for the first time, the result of a new scenario that takes account of the recent commitments that governments have made to

484

Excessive Speculation and Market Manipulation The Guar Futures Trading Fiasco  

E-Print Network (OSTI)

The recent guar trading scandal gives a peek into the murky world of Indian commodity futures markets and reveals how commodity exchanges are acting like casinos for speculators, moving away from their avowed objectives of price discovery and price risk management in an efficient and orderly manner. Guar (Cyamopsis tetragonoloba) is a drought resistant crop grown mainly in Rajasthan and parts of Haryana and Punjab. The sowing season for guar seed begins in July and the crop is ready for harvesting in October. Most guar farmers sell their produce to traders at the farm gate and nearby markets. A part of produce is also kept by farmers for seed, animal feed and fodder purposes. India is the largest producer of guar seed in the world and accounts for 80 percent of the world’s total guar seed production. Guar gum, extracted from guar seed, is used as a thickening agent and additive in food products such as soups and ice-creams. Of late, the global demand for guar gum is growing rapidly because of its use in “hydraulic fracking ” process to extract oil and gas from shale. Almost 80 percent of country’s total production is exported to US, China and Europe. Considered as a narrow commodity due to its limited potential for cultivation in peculiar agroclimatic conditions, the total area under guar seed production was 2.9 million hectares in 2011. The prices of guar seed and guar gum vary from year to year depending on the monsoon conditions. Since 2004, guar seed and guar gum contracts are being traded in the Indian commodity futures markets.

Strong Export

2012-01-01T23:59:59.000Z

485

U.S. Military Expenditures to Protect the Use of Persian-Gulf Oil For Motor Vehicles  

E-Print Network (OSTI)

77% of the world's proven oil reserves. Saudi Arabia, Iraq,the largest proven oil reserves in the world. For example,on the region’s oil reserves” (Joint Chiefs of Staff,

Delucchi, Mark A.; Murphy, James

1996-01-01T23:59:59.000Z

486

Physical Market Conditions, Paper Market Activity,  

Gasoline and Diesel Fuel Update (EIA)

12 12 Physical Market Conditions, Paper Market Activity, and the WTI-Brent Spread Bahattin Büyükşahin Thomas K. Lee James T. Moser Michel A. Robe* Abstract We document that, starting in the Fall of 2008, the benchmark West Texas Intermediate (WTI) crude oil has periodically traded at unheard of discounts to the corresponding Brent benchmark. We further document that this discount is not reflected in spreads between Brent and other benchmarks that are directly comparable to WTI. Drawing on extant models linking inventory conditions to the futures term structure, we test empirically several conjectures about how time and quality spreads (prompt vs. first-deferred WTI; prompt Brent vs. WTI)