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The dynamics of evasion : the price cap on Russian oil exports and the amassing of the shadow fleet
Cardoso, Diego S.; Salant, Stephen W.; Daubanes, Julien - 2025
To reduce funds for Russia’s Ukraine invasion, Western governments imposed a price ceiling on Russian seaborne oil … exports using Western services. To sell above that ceiling, Russia developed a “shadow fleet” which uses no such services. We … present value of Russia’s profits, we find that the tighter the ceiling and the tighter the enforcement, the less harm …
Persistent link: https://www.econbiz.de/10015182866
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The impact of the fracking boom on Arab oil producers
Kilian, Lutz - 2016
This article contributes to the debate about the impact of the U.S. fracking boom on U.S. oil imports, on Arab oil exports, and on the global price of crude oil. First, I investigate the extent to which this oil boom has caused Arab oil exports to the United States to decline since late 2008....
Persistent link: https://www.econbiz.de/10011422578
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Understanding the decline in the price of oil since June 2014
Baumeister, Christiane; Kilian, Lutz - 2016 - First version: January 21, 2015. This version: September 13, 2015
Some observers have conjectured that the steep decline in the price of oil between June and December 2014 resulted from positive oil supply shocks in the second half of 2014. Others have suggested that a major shock to oil price expectations occurred when in late November 2014 OPEC announced...
Persistent link: https://www.econbiz.de/10011428356
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Does drawing down the U.S. Strategic Petroleum Reserve help stabilize oil prices?
Kilian, Lutz; Zhou, Xiaoqing - 2019 - This version: July 9, 2019
We study the efficacy of releases from the U.S. Strategic Petroleum Reserve (SPR) within the context of fully specified …
Persistent link: https://www.econbiz.de/10012033337
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A quantitative model of the oil tanker market in the Arabian Gulf
Kilian, Lutz; Nomikos, Nikos K.; Zhou, Xiaoqing - 2020 - This version: May 20, 2020
, a slight increase in time charter rates and slightly lower fuel prices and oil export volumes. Tanker supply and tanker …
Persistent link: https://www.econbiz.de/10012223879
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Understanding the estimation of oil demand and oil supply elasticities
Kilian, Lutz - 2020
This paper examines the advantages and drawbacks of alternative methods of estimating oil supply and oil demand elasticities and of incorporating this information into structural VAR models. I not only summarize the state of the literature, but also draw attention to a number of econometric...
Persistent link: https://www.econbiz.de/10012288032
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Disentangling timing uncertainty of event-driven connectedness among oil-based energy commodities
Kočenda, Evžen; Bartušek, Daniel - 2024
Reported news events frequently influence the pricing dynamics of oil-based commodities. We analyze almost 900 oil-related events from 1987 to 2022, categorizing them based on recurring characteristics. We quantify dynamic connectedness among energy commodities and apply a novel...
Persistent link: https://www.econbiz.de/10015125481
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On the impact of oil prices on sectoral inflation : evidence from world's top oil exporters and importers
Ben Salem, Leila; Nouira, Ridha; Rault, Christophe - 2024
This paper investigates the impact of oil price variations on sectoral inflation for a sample of 10 top oil importing and exporting countries. Specifically, we analyze the effects of oil prices on the consumer price index using monthly data spanning the July 2009 to February 2021 period. Two...
Persistent link: https://www.econbiz.de/10014451998
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Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009
This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...
Persistent link: https://www.econbiz.de/10003897747
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Gasoline content regulation and compliance among US refineries
Chakravorty, Ujjayant; Nauges, Céline; Thille, Henry - 2012
; energy markets ; product regulation ; petroleum refining ; environmental pollution …
Persistent link: https://www.econbiz.de/10009659324