We use micro-level data on fuel consumption, mileage, and travel mode to study plug-in hybrid drivers’ response to fuel prices. When fuel prices rise, plug-in hybrids reduce fuel consumption more than gasoline and diesel cars. They do not reduce their mileage but increase electric recharging,...

In the changing world, oil continues to be important in energy production. Using monthly data from 1965 to 2022, the permanency of oil consumption fluctuations was investigated. Fourier-based Granger causality tests were used to examine cause-and-effect relationships between variables. Long-term...

The energy revolution in Saudi Arabia has accelerated significantly since 2016, driven by the National Vision 2030. Significant changes to energy subsidies took place, and the renewable energy sector has seen rapid growth. The paper presents an empirical analysis of the Saudi energy transition...

This paper examines the asymmetric impact of oil price, economic growth, financial development, and industrialization on oil consumption in Tunisia, using the Nonlinear Autoregressive Distributed Lag (NARDL) model over the period 1980-2020. The NARDL bound testing approach confirms the presence...

Oil is one of the essential factors of growth and development in Iran because it uses the growth model with pressure on natural resources. According to reviews, oil consumption and export are two significant factors in determining economic growth. This study aims to obtain an experimental...

The development and use of intelligent methods as an emerging trend is attracting attention in the academia and industries, including petroleum industry. Forecasting OPEC petroleum consumption can go to a greater extend in helping the management of OPEC to properly manage petroleum demand and...

We use micro-level data on fuel consumption, mileage, and travel mode to study plug-in hybrid drivers' response to fuel prices. When fuel prices rise, plug-in hybrids reduce fuel consumption more than gasoline and diesel cars. They do not reduce their mileage but increase electric recharging,...

This paper discusses issues relating to the domestic pricing of petroleum in oil-producing countries. It finds that in most major oil-exporting countries, government policies keep domestic prices below free-market levels, resulting in implicit subsidies that equaled 3.0 percent of GDP, on...

Purpose This study aims to examine the impact of oil consumption on carbon dioxide (CO 2 ) emissions and total factor productivity (TFP) in highly oil-consuming countries of the world from 1995 to 2019. Design/methodology/approach For this purpose, fully modified ordinary least squares (FMOLS)...

This paper evaluates alternative indicators of global economic activity and other market fundamentals in terms of their usefulness for forecasting real oil prices and global petroleum consumption. We find that world industrial production is one of the most useful indicators that has been...

Peak oil demand has become the hot new topic for oil market analysts but as always, runs the risk of being subject to superficial analysis, just as peak oil supply was. The primary arguments come from climate change activists who believe fossil fuel consumption must drop sharply and from...

Crude oil prices have dramatically increased over the past years and are now at a historical maximum in nominal terms and very close to it in real terms. It is difficult to argue, at least for net oil importers, that higher oil prices have a positive impact on welfare. In fact, the negative...

"The Organization of the Petroleum Exporting Countries (OPEC), celebrating its 60th anniversary in 2020, is one of the most recognizable acronyms in international politics. The organization has undergone decades of changing importance, from political irrelevance to the spotlight of world...

This paper assesses the impact of crude oil price movements on two macro variables - the gross domestic product (GDP) growth rate and consumer price index inflation rate - in the developed economies of the United States and Japan, and an emerging economy, the People's Republic of China (PRC)....

This paper attempts to examine the causal relationship between nuclear energy consumption and economic growth for four industrialised countries; the US, Canada, Japan, and France, between 1965 to 2010. In a multivariate framework that accounts for other key determinants such that of oil demand...

The purpose of this paper is to empirically investigate the impact of economic growth, oil consumption, financial development, industrialization and trade openness on carbon dioxide (CO₂) emissions, particularly in relation to major oil-consuming, developing economies. This study utilizes annual...