Energy market volatility affects macroeconomic conditions and can unduly affect the economies of energy-producing countries. Large price swings can be detrimental to both producers and consumers. Market volatility can cause infrastructure and capacity investments to be delayed, employment...

The beginning of the new century was marked with another petroleum boom and bust cycle. The rapid increase in the oil price and its sudden and dramatic decline raises a fundamental question about the oil industry: Why is it so difficult to accurately predict the price of oil? Supply-demand...

This paper develops a rigorous and advanced computational model to describe, analyze, and forecast global crude oil demand. The paper deploys a hybrid approach of artificial intelligence techniques: artificial neural network and genetic algorithms, to devise a methodological framework for...

Modeling and forecasting crude oil price volatility is crucial in many financial and investment applications. The main purpose of this paper is to review and assess the current state of oil market volatility knowledge. It highlights the properties and characteristics of the oil price volatility...