The Implications of the Recent Oil Price Drop on the
... shown in Graph 2, Brazil is a net importer of gasoline and diesel oil, paying international prices, but selling them at a controlled price by the government (Graph 3) Petrobras has had a historic role in cushioning oil price volatility. Speaking solely from this perspective, oil product prices consi ...
... shown in Graph 2, Brazil is a net importer of gasoline and diesel oil, paying international prices, but selling them at a controlled price by the government (Graph 3) Petrobras has had a historic role in cushioning oil price volatility. Speaking solely from this perspective, oil product prices consi ...
Mr. Lawrence Eagles, Global President-Oil
... Both factors could weaken the US dollar, which would be supportive for commodity prices A shift from a zero interest rate policy will be extremely significant for the commodity markets Impact strongest for those with high inventories A weaker dollar encourages inventory accumulation as a sto ...
... Both factors could weaken the US dollar, which would be supportive for commodity prices A shift from a zero interest rate policy will be extremely significant for the commodity markets Impact strongest for those with high inventories A weaker dollar encourages inventory accumulation as a sto ...
View complete brief.
... nominal price of crude oil in particular (as of February 2006) has increased 4.6 times the level of 1998 when the current trend of rising oil prices started. During the last quarter of 2005, for example, global oil price averaged about $57/bbl. A higher export price of oil now benefits directly over ...
... nominal price of crude oil in particular (as of February 2006) has increased 4.6 times the level of 1998 when the current trend of rising oil prices started. During the last quarter of 2005, for example, global oil price averaged about $57/bbl. A higher export price of oil now benefits directly over ...
What happened to peak oil?
... This document is designed for our corporate clients and for the use of professional advisers and agents of Legal & General. No responsibility can be accepted by Legal & General Investment Management or contributors as a result of articles contained in this publication. Specific advice should be take ...
... This document is designed for our corporate clients and for the use of professional advisers and agents of Legal & General. No responsibility can be accepted by Legal & General Investment Management or contributors as a result of articles contained in this publication. Specific advice should be take ...
Iraq Crisis: What does an increase of $ 10/barrel mean for us?
... quarter of 2014. It increased by 0.2 million barrels/day to 90.99 million barrels/day in May’14. OPEC’s output, at 30 million barrels/day (as of May’14), accounts for around 33% of global production. OPEC has indicated that it would be maintaining stable supply levels despite political disturbances ...
... quarter of 2014. It increased by 0.2 million barrels/day to 90.99 million barrels/day in May’14. OPEC’s output, at 30 million barrels/day (as of May’14), accounts for around 33% of global production. OPEC has indicated that it would be maintaining stable supply levels despite political disturbances ...
PDF, 246KB - Monetary Authority of Singapore
... First, positive global demand conditions can offset Third, oil prices typically respond to a mix of the adverse effects of higher commodity prices on shocks whose composition shifts over time. For economic growth, which are endogenous to those instance, the rapid rise in oil ...
... First, positive global demand conditions can offset Third, oil prices typically respond to a mix of the adverse effects of higher commodity prices on shocks whose composition shifts over time. For economic growth, which are endogenous to those instance, the rapid rise in oil ...
FRBSF L CONOMIC
... than they were during the 1980s. Blanchard and Galí (2010) show that the U.S. economy has become more flexible and that real-wage rigidities have been reduced. Therefore, the effect of an oil shock can be partially absorbed by lowering real wages, implying a smaller increase in unemployment and a co ...
... than they were during the 1980s. Blanchard and Galí (2010) show that the U.S. economy has become more flexible and that real-wage rigidities have been reduced. Therefore, the effect of an oil shock can be partially absorbed by lowering real wages, implying a smaller increase in unemployment and a co ...
View Extended Abstract
... rate, unemployment rate, money supply, and government expenditure. The oil price is the West Texas Index (WTI) nominal price in the US dollar, while the other variables are based on the Nigerian specific data. The data are the annual data from 1970 to 2015. The oil price is sourced from the Energy I ...
... rate, unemployment rate, money supply, and government expenditure. The oil price is the West Texas Index (WTI) nominal price in the US dollar, while the other variables are based on the Nigerian specific data. The data are the annual data from 1970 to 2015. The oil price is sourced from the Energy I ...
The perils and blessings of low cost oil for growth markets
... an exceptional development and sharply dropped by over 50%, to a level of around US$50 a barrel1 today. The underlying factors of this ‘sudden’ development are widely acknowledged and reflect the rationale of the market. While obviously the decline in economic growth in many of the growth markets, e ...
... an exceptional development and sharply dropped by over 50%, to a level of around US$50 a barrel1 today. The underlying factors of this ‘sudden’ development are widely acknowledged and reflect the rationale of the market. While obviously the decline in economic growth in many of the growth markets, e ...
ENERGY Pierre Alvarez President Canadian Association of
... Canada needs more oil and gas to supply a growing domestic market and take advantage of export opportunities. With 30 million people, Canada is too small to justify the huge capital investment required for oil sands, frontier and offshore projects. Our vast resources will only be developed if there ...
... Canada needs more oil and gas to supply a growing domestic market and take advantage of export opportunities. With 30 million people, Canada is too small to justify the huge capital investment required for oil sands, frontier and offshore projects. Our vast resources will only be developed if there ...
An Analytical Study on the Impact of Fluctuating Oil Prices on OPEC
... share. Brent Crude Oil Spot Price FOB (Dollars per barrel) is the independent variable which is regressed against the dependent variables: GDP at current market price, exports, current account and exchange rate from 2007 to 2014. Though decline in oil prices has significant macroeconomic, financial ...
... share. Brent Crude Oil Spot Price FOB (Dollars per barrel) is the independent variable which is regressed against the dependent variables: GDP at current market price, exports, current account and exchange rate from 2007 to 2014. Though decline in oil prices has significant macroeconomic, financial ...
Document
... • This will help sustain the private sector and encourage further non-oil economic growth. • 2009 is forecast to constitute a short and, potentially, sharp shock to private businesses. • This will be mitigated by GCC government action and conditioned by the extent to which the region’s abundant priv ...
... • This will help sustain the private sector and encourage further non-oil economic growth. • 2009 is forecast to constitute a short and, potentially, sharp shock to private businesses. • This will be mitigated by GCC government action and conditioned by the extent to which the region’s abundant priv ...
Slide 1
... II. The Oil Economies (Algeria, Bahrain, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, UAE) ...
... II. The Oil Economies (Algeria, Bahrain, Iraq, Kuwait, Libya, Oman, Qatar, Saudi Arabia, UAE) ...
Press Release - Carbon Tracker
... Andrew Grant, CTI Analyst. “Investors will ask whether it is prudent for oil companies to bet on ever higher oil prices when they could be returning cash to shareholders.” Recently, some oil majors have said their capex will either need to fall or stay flat over the next few years to compensate for ...
... Andrew Grant, CTI Analyst. “Investors will ask whether it is prudent for oil companies to bet on ever higher oil prices when they could be returning cash to shareholders.” Recently, some oil majors have said their capex will either need to fall or stay flat over the next few years to compensate for ...
Economic Costs of America`s Dependence on Oil
... have increased by (0.75)(17.5%) = 13.1%. Such calculations suggest that, if the price of oil had not increased since 2004, and if world GDP had grown by the amount observed since then, oil consumption could have reached 93.4 mb/d in 2008 and 99.5 mb/d in 2011, as shown in the dashed line in Figure 2 ...
... have increased by (0.75)(17.5%) = 13.1%. Such calculations suggest that, if the price of oil had not increased since 2004, and if world GDP had grown by the amount observed since then, oil consumption could have reached 93.4 mb/d in 2008 and 99.5 mb/d in 2011, as shown in the dashed line in Figure 2 ...
Impact of Oil Prices on the Indian Economy
... The Akaike Information Criterion and Schwarz criterion are the least for a lag of two therefore indicating that a lag of two periods is the optimal. The high value of R-squared for GDP and IIP indicates a good fit between these variables against WPI and IIP. The F values also indicate a significant ...
... The Akaike Information Criterion and Schwarz criterion are the least for a lag of two therefore indicating that a lag of two periods is the optimal. The high value of R-squared for GDP and IIP indicates a good fit between these variables against WPI and IIP. The F values also indicate a significant ...
1: Introduction
... As mentioned in the text, Persian Gulf countries exported about 14.4 MMB/D in 1981. With a world oil shortfall of this size, then under the International Energy Agreement (IEA) the United States would have to reduce its consumption by about 3.4 MM B/D (less the emergency reserve drawdown obligation) ...
... As mentioned in the text, Persian Gulf countries exported about 14.4 MMB/D in 1981. With a world oil shortfall of this size, then under the International Energy Agreement (IEA) the United States would have to reduce its consumption by about 3.4 MM B/D (less the emergency reserve drawdown obligation) ...
FRBSF E L CONOMIC ETTER
... oil prices have had only a limited impact on core inflation; therefore, with well-anchored expectations, the Fed has not had to raise interest rates aggressively. Rebucci and Spatafora conclude that this factor might have helped delay the adjustment of trade deficits in the U.S.The speed of the adju ...
... oil prices have had only a limited impact on core inflation; therefore, with well-anchored expectations, the Fed has not had to raise interest rates aggressively. Rebucci and Spatafora conclude that this factor might have helped delay the adjustment of trade deficits in the U.S.The speed of the adju ...
Summary
... In addition, it is uncertain whether the world economy can adjust as smoothly to increased scarcity as we assume, given redistribution and sectoral shifts. The growth effects could be larger, depending on the impact on productivity. A persistent adverse oil supply shock would imply a surge in global ...
... In addition, it is uncertain whether the world economy can adjust as smoothly to increased scarcity as we assume, given redistribution and sectoral shifts. The growth effects could be larger, depending on the impact on productivity. A persistent adverse oil supply shock would imply a surge in global ...
Middle Eastern Political and Economic Systems
... planning groups make most of the economic decisions for the workers This group decides which goods and services should be produces, as well as prices for the goods and wages paid to the workers No individual could decided to start a new business The government decided what and where to produce the g ...
... planning groups make most of the economic decisions for the workers This group decides which goods and services should be produces, as well as prices for the goods and wages paid to the workers No individual could decided to start a new business The government decided what and where to produce the g ...
CURRENT ANALYSIS Impact of Lower Oil Prices on the
... to other regions; however, given the sensitivity of this provincial economy to the oil sector, any impact on production or new investment could translate into a (possibly sizable) decline in the province’s real GDP. Moreover, the price shock clearly would cause nominal GDP to drop (perhaps by someth ...
... to other regions; however, given the sensitivity of this provincial economy to the oil sector, any impact on production or new investment could translate into a (possibly sizable) decline in the province’s real GDP. Moreover, the price shock clearly would cause nominal GDP to drop (perhaps by someth ...
Modeling and Forecasting Residential Electricity
... Gronwald, Mayr and Orazbayev (2009): studied the effects of oil price decline on Kazakhstan’s real GDP, budget revenue, exports and real exchange rate => oil price decline has negative effect on these variables Rautava (2004): studied the effects of oil price on Russian GDP and government revenue us ...
... Gronwald, Mayr and Orazbayev (2009): studied the effects of oil price decline on Kazakhstan’s real GDP, budget revenue, exports and real exchange rate => oil price decline has negative effect on these variables Rautava (2004): studied the effects of oil price on Russian GDP and government revenue us ...
Monthly Column Anchored on a drifting seabed Imagine you are
... crisis as surging energy demand outstrips dwindling oil supplies) became a popular one in investing circles only five years ago when oil prices were rising strongly. It quickly gave rise to some extreme forecasts for oil prices. Since then, discoveries of deep-water and shale-based oil and gas suppl ...
... crisis as surging energy demand outstrips dwindling oil supplies) became a popular one in investing circles only five years ago when oil prices were rising strongly. It quickly gave rise to some extreme forecasts for oil prices. Since then, discoveries of deep-water and shale-based oil and gas suppl ...
SWOT Analysis
... Robbins & Myers Sees Big Spurt From Shale Oil Drilling •As horizontal drilling methods for oil in unconventional shale ...
... Robbins & Myers Sees Big Spurt From Shale Oil Drilling •As horizontal drilling methods for oil in unconventional shale ...
Oil Prices and the Australian Economy
... Implications for the Australian Economy One way to gauge the effect of higher oil prices on the Australian economy is through the trade balance in oil-related products. For economies that are net importers of oil, an increase in the price of oil could be expected to reduce the purchasing power of na ...
... Implications for the Australian Economy One way to gauge the effect of higher oil prices on the Australian economy is through the trade balance in oil-related products. For economies that are net importers of oil, an increase in the price of oil could be expected to reduce the purchasing power of na ...
1973 oil crisis
The 1973 oil crisis began in October 1973 when the members of the Organization of Arab Petroleum Exporting Countries (OAPEC, consisting of the Arab members of the OPEC plus Egypt and Syria) proclaimed an oil embargo. By the end of the embargo in March 1974, the price of oil had risen from $3 per barrel to nearly $12. The oil crisis, or ""shock"", had many short-term and long-term effects on global politics and the global economy. It was later called the ""first oil shock"", followed by the 1979 oil crisis, termed the ""second oil shock.""