filling the gap - Inter-American Development Bank
... US Oil Products Latin America’s appetite for oil has grown rapidly over the past decade, and the region is the third fastest growing oil demand center after Asia and the Middle East. Latin American demand is projected to reach 9.9 million b/d by 2020 and 11.3 million b/d by 2035, with gasoline and d ...
... US Oil Products Latin America’s appetite for oil has grown rapidly over the past decade, and the region is the third fastest growing oil demand center after Asia and the Middle East. Latin American demand is projected to reach 9.9 million b/d by 2020 and 11.3 million b/d by 2035, with gasoline and d ...
N Saidi The Arab Spring Beyond - Perspectives on MENA Region World
... • Three of the past five global recessions have been triggered by a Middle East geopolitical shock that propelled oil prices skyward! ...
... • Three of the past five global recessions have been triggered by a Middle East geopolitical shock that propelled oil prices skyward! ...
Commodity Price Supercycles: What Are They and
... Bahattin Büyükşahin, Kun Mo and Konrad Zmitrowicz, International Economic Analysis Department Commodity prices tend to go through extended periods of boom and bust, known as supercycles. In general, commodity price movements are important for Canada because they help determine the country’s terms ...
... Bahattin Büyükşahin, Kun Mo and Konrad Zmitrowicz, International Economic Analysis Department Commodity prices tend to go through extended periods of boom and bust, known as supercycles. In general, commodity price movements are important for Canada because they help determine the country’s terms ...
the geopolitics of oil and gas: the role of latin america
... served in the previous two decades, and a new ...
... served in the previous two decades, and a new ...
Title: EXPLORING THE ROLE OF GOVERNMENT IN NOC
... Petroleum is a global industry; it accounts for the largest single component of international trade and is one of the largest industries for cross-border investment (Weiner, 2005)i. Government intervention in this industry is widespread and competition in a world market for a predominantly homogeneo ...
... Petroleum is a global industry; it accounts for the largest single component of international trade and is one of the largest industries for cross-border investment (Weiner, 2005)i. Government intervention in this industry is widespread and competition in a world market for a predominantly homogeneo ...
Nonlinearities and the Macroeconomic Effects of Oil Prices*
... The energy expenditure share is a small number. In 2009, the U.S. consumed about 7.1 billion barrels of petroleum products, which at the current $80/barrel price of crude corresponds to a value around $570 billion. This would represent only 4% of U.S. GDP. Moreover, the short-run price-elasticity of ...
... The energy expenditure share is a small number. In 2009, the U.S. consumed about 7.1 billion barrels of petroleum products, which at the current $80/barrel price of crude corresponds to a value around $570 billion. This would represent only 4% of U.S. GDP. Moreover, the short-run price-elasticity of ...
degrowth, expensive oil, and the new economics of energy
... 2012a; 2010a). Renewable sources are also fossil fuel dependent themselves, a point often and easily forgotten. Therefore, if we are serious about tackling climate change and getting off f ...
... 2012a; 2010a). Renewable sources are also fossil fuel dependent themselves, a point often and easily forgotten. Therefore, if we are serious about tackling climate change and getting off f ...
IOSR Journal of Business and Management (IOSR-JBM) e-ISSN: 2278-487X, p-ISSN: 2319-7668 www.iosrjournals.org
... rational energy pricing. Rational energy prices provide the right signals to both the producers and consumers and lead to a demand-supply match, providing incentives for reducing consumption on one hand and stimulating production on the other,’’ it stated. Over the years, India’s energy prices had b ...
... rational energy pricing. Rational energy prices provide the right signals to both the producers and consumers and lead to a demand-supply match, providing incentives for reducing consumption on one hand and stimulating production on the other,’’ it stated. Over the years, India’s energy prices had b ...
Input Output Price Model - Global Advanced Research Journals
... RON97 or diesel at petrol stations in Malaysia. Figure 1 shows the retail price of petrol and diesel at st st petrol stations since 1 September 2009 until 1 October 2015. Recently, the decrease in petroleum products prices by five percent (from RM2.05 to RM1.95 from August to September 2015) was ben ...
... RON97 or diesel at petrol stations in Malaysia. Figure 1 shows the retail price of petrol and diesel at st st petrol stations since 1 September 2009 until 1 October 2015. Recently, the decrease in petroleum products prices by five percent (from RM2.05 to RM1.95 from August to September 2015) was ben ...
No Barrel of Fun: What Weaker Crude Means for Canada
... North American, particularly US (Chart 1), production. It’s also unprecedented since Canada was not nearly the net oil exporter it is today during either the supply-side price correction of the 1980s, or the next decade’s Asian crisis-inspired jolt (Chart 2), making it much more exposed now to oil’s ...
... North American, particularly US (Chart 1), production. It’s also unprecedented since Canada was not nearly the net oil exporter it is today during either the supply-side price correction of the 1980s, or the next decade’s Asian crisis-inspired jolt (Chart 2), making it much more exposed now to oil’s ...
A-level Economics Question paper Unit 01
... Some economists argue that the increase in food prices, caused by the rapid rise in biofuel production, is a major cause of famine and poverty in some of the world’s economies. According to an Oxfam report, the environmental policies of rich countries and the replacement of traditional fuels with bi ...
... Some economists argue that the increase in food prices, caused by the rapid rise in biofuel production, is a major cause of famine and poverty in some of the world’s economies. According to an Oxfam report, the environmental policies of rich countries and the replacement of traditional fuels with bi ...
Working Paper Series: The Global Energy Market: Comprehensive Strategies to Meet
... It is useful to focus on the first repetition of this pattern before the oil shock of 1979. Inflation in the mid 1970s allowed gold prices to rise faster than oil prices, again cutting the gold price of oil in half between 1976 and 1979, leading to a major correction in oil prices following the Iran ...
... It is useful to focus on the first repetition of this pattern before the oil shock of 1979. Inflation in the mid 1970s allowed gold prices to rise faster than oil prices, again cutting the gold price of oil in half between 1976 and 1979, leading to a major correction in oil prices following the Iran ...
The Global Benefits of Low Oil Prices: More Than
... Governments in emerging markets captured some of the benefits: In some countries, gasoline subsidies were reduced, while in others, gasoline prices have responded only partially, given their government-regulated nature. 6 The fall in oil prices has therefore ...
... Governments in emerging markets captured some of the benefits: In some countries, gasoline subsidies were reduced, while in others, gasoline prices have responded only partially, given their government-regulated nature. 6 The fall in oil prices has therefore ...
Impact of the oil price decline on France and the global economy
... production quotas applied by the Organization of Petroleum Exporting Countries (OPEC) coupled with North America's strong production of unconventional oil and gas. The International Energy Agency (IEA) believes that oil supply could remain abundant in 2016 because it is taking some time for the pric ...
... production quotas applied by the Organization of Petroleum Exporting Countries (OPEC) coupled with North America's strong production of unconventional oil and gas. The International Energy Agency (IEA) believes that oil supply could remain abundant in 2016 because it is taking some time for the pric ...
Energy price reform in the GCC: long road ahead
... a budget deficit of OR4.5bn in 2015 and the government projects the deficit to reach OR3.3bn in 2016 in its recently announced budget. This is despite the Sultanate?s ambitious plans to boost non-oil revenues and cut heavily on spending. The government has advanced plans to increase income taxes on ...
... a budget deficit of OR4.5bn in 2015 and the government projects the deficit to reach OR3.3bn in 2016 in its recently announced budget. This is despite the Sultanate?s ambitious plans to boost non-oil revenues and cut heavily on spending. The government has advanced plans to increase income taxes on ...
Exogenous Oil Supply Shocks
... exogenous event in question. ● The strategy is to generate the counterfactual production level for the country in question by extrapolating its pre-war production level based on the average growth rate of production in other countries that are subject to the same global macroeconomic conditions and ...
... exogenous event in question. ● The strategy is to generate the counterfactual production level for the country in question by extrapolating its pre-war production level based on the average growth rate of production in other countries that are subject to the same global macroeconomic conditions and ...
Third Oil Shock - Peterson Institute for International Economics
... stocks to the market . . . can make the third oil shock a non-event. The price increase marked the beginning of the second crisis. The principal cause of the predicament, though, was the fall of the Shah of Iran and the subsequent outbreak of war between Iraq and Iran. After the coup, Iran’s product ...
... stocks to the market . . . can make the third oil shock a non-event. The price increase marked the beginning of the second crisis. The principal cause of the predicament, though, was the fall of the Shah of Iran and the subsequent outbreak of war between Iraq and Iran. After the coup, Iran’s product ...
Impact of macroeconomic factors on the global tea economy
... Higher GDP had the effect of raising world tea prices by 8 percent over the projection period, in comparison to the baseline. Impact was particularly pronounced in the short term with an average price increase of 13 percent. Supply response in the longer term resulted in lower prices in the latter y ...
... Higher GDP had the effect of raising world tea prices by 8 percent over the projection period, in comparison to the baseline. Impact was particularly pronounced in the short term with an average price increase of 13 percent. Supply response in the longer term resulted in lower prices in the latter y ...
Document
... Insight forecasts. • This is based on the assumption that the price of West Texas Intermediate (WTI) crude oil will fall by no more than one-third - to an average of $60 a barrel - in 2009. • That figure is down from more than $96 a barrel in 2008, due to Opec’s decision to cut production. ...
... Insight forecasts. • This is based on the assumption that the price of West Texas Intermediate (WTI) crude oil will fall by no more than one-third - to an average of $60 a barrel - in 2009. • That figure is down from more than $96 a barrel in 2008, due to Opec’s decision to cut production. ...
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... response to the combination of the oil and foodprice induced cost-push shock and some tightening of financing conditions due to increased risk premiums, but the slowdown was widely expected to be gradual, from very robust levels and with output close to or even above potential. – As late as Septembe ...
... response to the combination of the oil and foodprice induced cost-push shock and some tightening of financing conditions due to increased risk premiums, but the slowdown was widely expected to be gradual, from very robust levels and with output close to or even above potential. – As late as Septembe ...
ppt - Harvard University
... – e.g., an African country developing oil discoveries -– link the terms of the loan, not to $ or €, nor to the local currency, but to the price of the export commodity. – Then debt service obligations will match revenues. – Consider debt crises • in 1998: Indonesia, Russia & Ecuador, and • in 2015: ...
... – e.g., an African country developing oil discoveries -– link the terms of the loan, not to $ or €, nor to the local currency, but to the price of the export commodity. – Then debt service obligations will match revenues. – Consider debt crises • in 1998: Indonesia, Russia & Ecuador, and • in 2015: ...
Oil price shocks and their effects on economic activity and prices: an
... abrupt reductions in GDP and increases in unemployment at a worldwide scale. Early important references on this topic in the literature are Rasche and Tatom (1977, 1981) and Tatom (1981). As from the 1980s, Hamilton (1983, 1985 and 1996) stands out as one of the main contributors to this literature. ...
... abrupt reductions in GDP and increases in unemployment at a worldwide scale. Early important references on this topic in the literature are Rasche and Tatom (1977, 1981) and Tatom (1981). As from the 1980s, Hamilton (1983, 1985 and 1996) stands out as one of the main contributors to this literature. ...
Ghana - Impact of the Falling Crude Oil Prices
... billion of crude and refined oil products. It is important to point out that this took place despite the fact that the country has increasingly relied on imports of refined oil products which cost a lot more than crude oil because of value addition. Not only that, but also the country has been impor ...
... billion of crude and refined oil products. It is important to point out that this took place despite the fact that the country has increasingly relied on imports of refined oil products which cost a lot more than crude oil because of value addition. Not only that, but also the country has been impor ...
A Study on the Effect of Oil Price Variations on Stock
... (VAR) so as to examine the relationship between price and stock market. It was revealed that both oil prices and the volatility of oil prices play a key role in the stock market. Moreover, the petroleum negative shocks affect more than positive shocks in the stock market. Ebrahimi (2011) evaluated t ...
... (VAR) so as to examine the relationship between price and stock market. It was revealed that both oil prices and the volatility of oil prices play a key role in the stock market. Moreover, the petroleum negative shocks affect more than positive shocks in the stock market. Ebrahimi (2011) evaluated t ...
2000s energy crisis
From the mid-1980s to September 2003, the inflation-adjusted price of a barrel of crude oil on NYMEX was generally under $25/barrel. During 2003, the price rose above $30, reached $60 by 11 August 2005, and peaked at $147.30 in July 2008. Commentators attributed these price increases to many factors, including the falling value of the U.S. dollar, reports from the United States Department of Energy and others showing a decline in petroleum reserves worries over peak oil, Middle East tension, and oil price speculation.For a time, geo-political events and natural disasters indirectly related to the global oil market had strong short-term effects on oil prices, such as North Korean missile tests, the 2006 conflict between Israel and Lebanon, worries over Iranian nuclear plans in 2006, Hurricane Katrina, and various other factors. By 2008, such pressures appeared to have an insignificant impact on oil prices given the onset of the global recession. The recession caused demand for energy to shrink in late 2008, with oil prices falling from the July 2008 high of $147 to a December 2008 low of $32. Oil prices stabilized by October 2009 and established a trading range between $60 and $80.