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Price Setting in Transition : The Effect of Takeover on a Petroleum Firm

Valachy, Juraj - 2009

In this paper, I investigate the effect of the takeover of a Slovak petroleum firm on its price setting mechanism. In … and controlled by managers, only negative changes in input prices were reflected in the output price. After the takeover … before takeover the composite input costs and competitors’ prices have very little (or no) impact on fuel price. After …

Persistent link: https://www.econbiz.de/10014201456

Price setting in transition: the effect of takeover on a petroleum firm

Valachy, Juraj - 2002

Persistent link: https://www.econbiz.de/10001743587

Price Setting in Transition: The Effect of Takeover on a Petroleum Firm

Valachy, Juraj - Center for Economic Research and Graduate Education and … - 2002

In this paper, I investigate the effect of the takeover of a Slovak petroleum firm on its price setting mechanism. In … and controlled by managers, only negative changes in input prices were reflected in the output price. After the takeover … before takeover the composite input costs and competitors' prices have very little (or no) impact on fuel price. After …

Persistent link: https://www.econbiz.de/10005086647

Speculation in Commodity Futures Markets, Inventories and the Price of Crude Oil

Byun, Sung Je - 2021

This paper examines the role of inventories in refiners' gasoline production and develops a structural model of the relationship between crude oil prices and inventories. Using data on inventories and prices of oil futures, I show that convenience yields decrease at a diminishing rate as...

Persistent link: https://www.econbiz.de/10013314658

The influence of oil prices on equity returns of Canadian energy firms

Batabyal, Sourav; Killins, Robert - In: Journal of risk and financial management : JRFM 14 (2021) 5, pp. 1-16

Using monthly data from January 2000 to August 2018, this paper examines how the Canadian oil and gas industry and individual firms’ equity prices react to oil price fluctuations, which are measured by the traditional West Texas Intermediate (WTI) benchmark and the Canada-specific Western...

Persistent link: https://www.econbiz.de/10012587455

Does Ownership Matter? The Performance and Efficiency of State Oil vs. Private Oil (1987-2006)

Wolf, Christian O. H. - 2009

This paper investigates the existence of ownership effects in the global oil and gas industry, i.e. whether there are systematic performance and efficiency differentials between National Oil Companies (NOCs) and privately-owned International Oil Companies (IOCs). After discussing key issues of...

Persistent link: https://www.econbiz.de/10014217790

OPEC, Saudi Arabia, and the shale revolution : insights from equilibrium modelling and oil politics

Ansari, Dawud - 2017

Why did OPEC not cut oil production in the wake of 2014's price fall? This study aims at aiding the mostly qualitative discussion with quantitative evidence from computing quarterly partial market equilibria Q4 2011 - Q4 2015 under present short-term profit maximisation and different competition...

Persistent link: https://www.econbiz.de/10012107542

The nexus between stock returns of oil companies and oil price fluctuations after heavy oil upgrading : toward theoretical progress

Sedigh, Mojtaba; Mohammadi, Majid; Farahani Fard, Saeed; … - In: Economies : open access journal 7 (2019) 3/71, pp. 1-17

This study attempts to discover the nexus between crude oil price fluctuation after heavy oil upgrading and stock returns of petroleum companies in the U.S. Stock Exchange for the years 2008 to 2018. One of the methods of upgrading heavy crude oil is to extract asphaltene from crude oil....

Persistent link: https://www.econbiz.de/10012029331

Determinants of Nationalization in the Oil Sector : A Theory and Evidence from Panel Data

Guriev, Sergej; Kolotilin, Anton; Sonin, Konstantin - 2012

In this paper we study nationalizations in the oil industry around the world in 1960-2002. We show, both theoretically and empirically, that governments are more likely to nationalize when oil prices are high and when political institutions are weak. We consider a simple dynamic model of the...

Persistent link: https://www.econbiz.de/10014219750

Oil and Debt

Domanski, Dietrich - 2015

The total debt of the oil and gas sector globally stands at roughly $2.5 trillion, two and a half times what it was at the end of 2006. The recent fall in the oil price represents a significant decline in the value of assets backing this debt, introducing a new element to price developments. In...

Persistent link: https://www.econbiz.de/10013026117