The main objective of this study was to investigate the impact and causality of crude oil and natural gas on economic growth in the Caspian Sea region. Here, the study applies ordinary least square (OLS) method and Granger causality test using time series data from 1997 to 2015 to ascertain the...

In 2024, one of the most notable developments in the Azerbaijani economy that demands detailed analysis is the transformation of foreign trade statistics. This article provides an in-depth examination of Azerbaijan's foreign trade landscape in 2024, focusing on its dynamics, structure, and...

This paper replicates the analysis in the paper 'What Drives Natural Gas Prices?" by Stephen P.A. Brown and Mine K. Yücel. The replication confirms the results of that analysis: a long-run relationship existed between natural-gas prices and crude-oil prices during the period from June 1997 to...

Over the years Bulgaria has remained strongly dependent on its import of oil products mainly due to the lack of oil resources on its territory. This import dependence poses a significant risk for the country’s energy security. In this research we analyse Bulgaria’s energy security in terms...

This study introduces a novel approach to predicting global oil demand by integrating machine learning (ML) techniques to forecast consumption across seven refined oil products and seven key regions. By aggregating these forecasts, we offer a comprehensive view of global demand trends. The paper...

This paper examines how oil and gas companies' reserves growth affects their share price returns. In particular we examine three issues affecting the relation between reserves changes and oil and gas firm returns. First, we examine if investors value reserves replacement as a result of...

We present an ex-post analysis of the effects of GDF's acquisition of Suez in 2006 created one of the world's largest energy companies. We perform an econometric analysis, based on Difference-in-Difference techniques on the market for trading on the Zeebrugge gas hub in Belgium. Removing...

In the article, I focus on the goal of creating a single competitive European natural gas market. After a brief discourse on the debate between theoretical and practical economists on the best mode to liberalise the energy sector, I lay out the vision of the European Union for gas market...

Underground gas storage (henceforth; UGS) is considered as a common method which resolves the seasonality problem of transportation and distribution of gas phase in the oil and gas industries. The main objective of this study is to simulate one of Iranian's depleted gas condensate reservoir and...

The ubiquitous consumption of hydrocarbon fuels in a vast majority of industrial purposes has been dramatically increased in the coming decades. Therefore, the reason why numerous studies experimental investigations are being done is to enhance the oil recovery factor. Low salinity water...