Unexpected price spikes in petroleum can lead to instability in markets and have a negative economic effect on sectors which rely on petroleum consumption. Sudden rises in the price of petroleum do not have to be long-term to cause negative, cascading impacts across the economy. Firms which make futures purchases or hedge against a higher price during a price spike can become insolvent when the...

Rockets and Feathers? Petroleum Product Price Movements “Shooting up like a rocket, drifting downward like a feather in the wind,” or so goes the perception of petroleum product prices. This became the focus of public attention world over in 2008, when the international price of oil surged in the first six months, only to fall dramatically to a third of its peak value in the following five mont...

The present research aims to evaluate impacts of crude oil price return index, Bloomberg Petroleum Index and Bloomberg energy index on stock market returns of 121 companies listed in Tehran stock exchange in a 10 years' period from early 2006 to April 2016. First, explanatory variables were aligned with petroleum products index mostly due to application of dollar data. Subsequently, to check va...

 Cost-competitive with petroleum fuels  Long-term stable price for budget forecasting  Made from sustainable, renewable Biomass residuals  Storable and pumpable liquid similar to petroleum fuels  Clean burning fuel without the sulfur and particulates from petroleum fuels  Low greenhouse gas emissions Sustainability issues have become an important part of the supply chain for operati...

In 2000 the price of crude oil rose to levels not seen for more than 20 years, and as a result so did the price of oil products. The price hikes prompted public debate about the level of taxes determining the final prices paid by consumers. By one estimate, taxes accounted for 68 percent of the final price in the European Union in 2000 (OPEC 2000). But what about developing countries, where pet...

We present a sensibility analysis and new visualizations using an improved version of the Ramex-Forum algorithm applied to the study of the petroleum production chain. Different combinations of parameters and new ways to visualize data will be used. Results will highlight the importance of Ramex-Forum and its proper parameterizations for analyzing relevant relations among price variations in pe...

Taiwan has implemented a floating oil-price mechanism since 2007, which is aimed at connecting the domestic oil price with the international oil price. Given that the consumers’ behavior may change once the price truly responds to its cost and the air quality may consequently be improved, this study investigates the effect of oil price on the concentration of 7 air pollutants, taking the adopti...

Forecasting of oil prices has always been a matter of great importance due to its influence in driving a country’s economy. As a matter of fact, the petroleum industry is considered to be the biggest contributor in the industrial sector in terms of providing raw materials to the other industries and generating revenues. Due to the non-linear and unpredictable nature of the oil prices, a lot of ...