A Hybrid Quality Control Strategy for Consumption Data on Petroleum, Oil and Lubricants by Oil Equipment

Historical and Variance Decomposition for Oil Price, Oil Consumption, OPEC and Non-OPEC Oil Production

Abstract I n this paper, the behavior of the real oil price and OPEC and non-OPEC oil production during 1973-2013 are modelled. Interactions among OPEC, non-OPEC oil production, global oil consumption, and the real price of crude oil are estimated using a Structural VAR model (SVAR). After providing evidence for the structural breaks in oil price in 1996, the results indicate that, ac...

A Genetic-Fuzzy Control Strategy for Parallel Hybrid Electric Vehicle

Hybrid Electric Vehicles (HEVs) are driven by two energy convertors, i.e., an Internal Combustion (IC) engine and an electric machine. To make powertrain of HEV as efficient as possible, proper management of the energy elements is essential. This task is completed by HEV controller, which splits power between the IC engine and Electric Motor (EM). In this paper, a Genetic-Fuzzy control strategy...

Oil, Government’s Budget and Economic Growth: A Dynamic Panel Data Model for Selected Oil Exporting Economies

Recognition of economic growth determinants is one of the most important concerns for economists. In the oil exporting countries oil revenues play a significant role for the economy alongside with other economic growth determinants. This paper attempts to investigate the role of oil in selected oil-revenue dependent economies. Since oil revenue goes directly to public treasury and is expended b...

A Novel Hybrid Droop-Isochronous Control Strategy for Microgrid Management

The droop control strategy is the most common approach for microgrids control but its application is limited due to frequency deviation following a load change. Complementary control strategy has then been proposed to solve the problem using a communication network. However, under this strategy, regular loads profile produces a continuous change of output power of all distributed generators (DG...

Effect of Fractional Flow Curves on the Heavy Oil and Light Oil Recoveries in Petroleum Reservoirs