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The external cost of European crude oil imports
Bigano, Andrea; Cassinelli, Mariaester; Sferra, Fabio; … - 2009
This paper is the first to assess operational and probabilistic externalities of oil extraction and transportation to Europe on the basis of a comprehensive evaluation of realistic future oil demand-supply scenarios, of the relative relevance of import routes, of the local specificities in terms...
Persistent link: https://www.econbiz.de/10008809694
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The impacts of exogenous oil supply shocks on Mediterranean economies
Bastianin, Andrea; Galeotti, Marzio; Manera, Matteo - 2015
response of different economies to an unexpected reduction in global oil production. The main determinants of these patterns …
Persistent link: https://www.econbiz.de/10011438640
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Oil security : short- and long-term policies
Costantini, Valeria; Gracceva, Francesco - 2004
Increasing oil security represents one of the most important policy actions, especially within IEA countries. Short and long term mechanisms could help such goal. On the short term side, revision of IEA emergency response oil stock system has been discussed. The attention is mainly focused on...
Persistent link: https://www.econbiz.de/10011606712
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Informed trading in oil-futures market
Rousse, Olivier; Sévi, Benoît - 2016
The weekly release of the U.S. inventory level by the DOE-EIA is known as the market mover in the U.S. oil futures market and to be a significant piece of information for all world oil markets in which the WTI is a price benchmark. We uncover suspicious trading patterns in the WTI futures...
Persistent link: https://www.econbiz.de/10011591602
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Markov-switching score-driven multivariate models : outlier-robust measurement of the relationships between world crude oil production and US industrial production
Blazsek, Szabolcs; Escribano, Álvaro; Licht, Adrian - 2019
Persistent link: https://www.econbiz.de/10012158760
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The impacts of exogenous oil supply shocks on Mediterranean economies
Bastianin, Andrea; Galeotti, Marzio; Manera, Matteo - 2015
Persistent link: https://www.econbiz.de/10011765238
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Interpreting the oil risk premium : do oil price shocks matter?
Valenti, Daniele; Manera, Matteo; Sbuelz, Alessandro - 2018
This paper provides an analysis of the link between the global market for crude oil and oil futures risk premium at the aggregate level. It off ers empirical evidence on whether the compensation for risk required by the speculators depends on the type of the structural shock of interest....
Persistent link: https://www.econbiz.de/10011794500
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Modelling the global price of oil : is there any role for the oil futures-spot spread?
Valenti, Daniele - 2018
above-ground crude oil inventories with the oil futures-spot spread. The latter is defined as the percent deviation of the … market shock. This new shock is designed to capture an unanticipated change in the benefit of holding crude oil inventories …
Persistent link: https://www.econbiz.de/10011794647
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Why do firms hold oil stockpiles?
Mason, Charles F. - 2011
incentive to hold inventories to smooth production over time. An alternative explanation is related to a speculative motive … existence of these inventories be explained? In the presence of sufficiently stochastic prices, oil extracting firms have an … the former but not the latter explanation. -- Petroleum Economics ; Stochastic Dynamic Optimization …
Persistent link: https://www.econbiz.de/10009419703
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A fear index to predict oil futures returns
Chevallier, Julien; Sévi, Benoît - 2013
This paper evaluates the predictability of WTI light sweet crude oil futures by using the variance risk premium, i.e. the difference between model-free measures of implied and realized volatilities. Additional regressors known for their ability to explain crude oil futures prices are also...
Persistent link: https://www.econbiz.de/10010189497