Examining the price relationships of Brent Crude with 78 global commodities, our study shows that spot a certain commodity, New York Harbor No. 2 Heating Oil Spot Price FOB, can serve as an auxiliary forecasting index rise and fall monthly oil price. With innovative view for evaluating relationship prediction based on simple, practical measurement, findings provide helpful tool investors analys...

This work examines recent publications in forecasting in various fields, these include: wind power forecasting; electricity load forecasting; crude oil price forecasting; gold price forecasting energy price forecasting etc. In this review, categorization of the processes involve in forecasting are divided into four major steps namely: input features selection; data pre-processing; forecast mode...

We show that crude oil production from existing wells in Texas does not respond to current or expected future oil prices, contradicting a basic prediction of Hotelling’s (1931) canonical model of exhaustible resource extraction. In contrast, the drilling of new wells exhibits a strong price response, as does the rental rate on drilling rigs. To explain these observations, we reformulate Hotelli...

Declaration In accordance with the Regulations for Higher Degrees by Research, I hereby declare that the whole thesis now submitted for the candidature of Doctor of Philosophy is a result of my own research and independent work except where reference is made to published literature. I also hereby certify that the work embodied in this thesis has not already been submitted in any substance for a...

Oil is a crucial component in nearly every country's economic activities. “As result, an increase its price likely to have negative impact on the expansion of oil-importing nations like India. The purpose this paper investigate how oil affects India's growth see if there co-integration relationship between growth, price, capital formation, and inflation. Crude always has lower starting but impo...

In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers including US shale oil out of the market. Over the next year, crude oil prices crashed, with large repercussions for the global economy. We present a simple equilibrium model that explains the fundamental market factors th...

In November 2014, OPEC announced a new strategy geared towards improving its market share. Oil-market analysts interpreted this as an attempt to squeeze higher-cost producers, notably US shale oil, out of the market. Over the next year, crude oil prices crashed, with large repercussions for the global economy. We present a simple equilibrium model that explains the fundamental market factors th...

a r t i c l e i n f o Keywords: Multivariate GARCH model Optimal hedge ratio Market noise conditional volatility This paper introduces a new incomplete index and establishes a new optimal hedging model. We find that when the market micro-noise is perfectly negatively correlated with the return of futures market, market incomplete-ness depends on the relative level of noise volatility. Especiall...

The split pickup split delivery crude oil tanker routing and scheduling problem is a difficult combinatorial optimization problem, both theoretically and practically. However, because of the large expenses in crude oil shipping it is attractive to make use of optimization that exploits as many degrees of freedom as possible to save transportation cost. We propose a nested column generation algo...