The Role of Speculation in Oil Markets PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download The Role of Speculation in Oil Markets PDF full book. Access full book title The Role of Speculation in Oil Markets by Bassam Fattouh. Download full books in PDF and EPUB format.
Author: Bassam Fattouh
Publisher:
ISBN: 9781907555442
Category : Petroleum products
Languages : en
Pages : 25
Get Book Here
Book Description
Author: Bassam Fattouh
Publisher:
ISBN: 9781907555442
Category : Petroleum products
Languages : en
Pages : 25
Get Book Here
Book Description
Author: Roger Fouquet
Publisher: Edward Elgar Publishing
ISBN: 0857933698
Category : Technology & Engineering
Languages : en
Pages : 753
Get Book Here
Book Description
ÔSome of us have spent our professional lives on energy and climate change but any new researcher or policy maker must find it daunting to even approach the subject. If so, this encyclopedic Handbook provides a wonderful and necessary introduction. It is creative and up to date, yet also takes the reader by the hand and introduces one topic after another while also providing much of the historical context that is so necessary to a deeper understanding.Õ Ð Thomas Sterner, Environmental Defense Fund This timely Handbook reviews many key issues in the economics of energy and climate change, raising new questions and offering solutions that might help to minimize the threat of energy-induced climate change. Constructed around the objectives of displaying some of the best of current thinking in the economics of energy and climate change, this groundbreaking volume brings together many of the worldÕs leading and most innovative minds in the field to cover issues related to: ¥ fossil fuel and electricity markets ¥ environment-related energy policy ¥ international climate agreements ¥ carbon mitigation policies ¥ low carbon behaviour, growth and governance. Serving as an indispensable guide to one of the fastest growing fields of economics, this invaluable resource will strongly appeal to students, academics and policy makers interested in energy, environmental and climate change issues.
Author: Mr.Aasim M. Husain
Publisher: International Monetary Fund
ISBN: 151357227X
Category : Business & Economics
Languages : en
Pages : 41
Get Book Here
Book Description
The sharp drop in oil prices is one of the most important global economic developments over the past year. The SDN finds that (i) supply factors have played a somewhat larger role than demand factors in driving the oil price drop, (ii) a substantial part of the price decline is expected to persist into the medium term, although there is large uncertainty, (iii) lower oil prices will support global growth, (iv) the sharp oil price drop could still trigger financial strains, and (v) policy responses should depend on the terms-of-trade impact, fiscal and external vulnerabilities, and domestic cyclical position.
Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Permanent Subcommittee on Investigations
Publisher:
ISBN:
Category : Electronic government information
Languages : en
Pages : 264
Get Book Here
Book Description
Author: Samya Beidas-Strom
Publisher: International Monetary Fund
ISBN: 1498333486
Category : Business & Economics
Languages : en
Pages : 34
Get Book Here
Book Description
How much does speculation contribute to oil price volatility? We revisit this contentious question by estimating a sign-restricted structural vector autoregression (SVAR). First, using a simple storage model, we show that revisions to expectations regarding oil market fundamentals and the effect of mispricing in oil derivative markets can be observationally equivalent in a SVAR model of the world oil market à la Kilian and Murphy (2013), since both imply a positive co-movement of oil prices and inventories. Second, we impose additional restrictions on the set of admissible models embodying the assumption that the impact from noise trading shocks in oil derivative markets is temporary. Our additional restrictions effectively put a bound on the contribution of speculation to short-term oil price volatility (lying between 3 and 22 percent). This estimated short-run impact is smaller than that of flow demand shocks but possibly larger than that of flow supply shocks.
Author: Jeffrey A. Frankel
Publisher: University of Chicago Press
ISBN: 0226260216
Category : Business & Economics
Languages : en
Pages : 428
Get Book Here
Book Description
This timely volume addresses three important recent trends in the internationalization of United States equity markets: extensive market integration through foreign investment and links among stock prices around the world; increasing securitization as countries such as Japan come to rely more than ever before on markets in equities and bonds at the expense of banks; and the opening of national financial systems of newly industrializing countries to international financial flows and institutions, as governments remove capital controls and other barriers. Eight essays examine such issues as the current extent of international market integration, gains to U.S. investors through international diversification, home-country bias in investing, the role of time and location around the world in stock trading, and the behavior of country funds. Other, long-standing questions about equity markets are also addressed, including market efficiency and the accuracy of models of expected returns, with a particular focus on variances, covariances, and the price of risk according to the Capital Asset Pricing Model.
Author: Bassam Fattouh
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Get Book Here
Book Description
Author: M. Anandan, S. Ramaswamy
Publisher: MJP Publisher
ISBN:
Category : Business & Economics
Languages : en
Pages : 369
Get Book Here
Book Description
1. Global Oil Production, Consumption and Price fluctuations, 2. Global Energy scenario – Resources and Reserves, 3. Concepts and Theories, 4. Global oil Industry and Energy Economics, 5. Oil Production, Consumption and Price Behaviour, 6. Findings and Conclusion, 7. References.
Author: George Xianzhi Yuan
Publisher: World Scientific
ISBN: 9811223211
Category : Business & Economics
Languages : en
Pages : 274
Get Book Here
Book Description
In 2020, the global lockdowns caused by the COVID-19, or coronavirus, pandemic had resulted in a sharp drop in demand for crude oil. This impact was so severe that on April 8, 2020, a proposal to update the Chicago Mercantile Exchange Holdings Inc. (CME) trading rule to permit negative prices was applied to CME's WTI Oil futures contracts; this led to a novel phenomenon in which the closing clearing price of WTI Oil May future was $-37.63/barrel based on fewer than 400 contracts' trading volume in the last three minutes, reflecting less than 0.2% of the total trading contracts volume on April 20, 2020. This occurrence of negative closing clearing price for CME's WTI Oil futures trading, cannot be explained simply by just the principle of supply and demand; instead, it highlights vulnerabilities caused by CME's allowance of negative price trading (based on its trading platform), a decision which brings potential and fundamental challenges to the global financial system.This event challenges not just our basic concepts of 'value' and trading 'price' of commodities and goods that underline our understanding of the framework for the invisible hand and general equilibrium theory in economics established by a few generations of scholars since Adam Smith in 1776 for market economies, but also have wider implications on the fundamentals that underpin our ideas of value and labor in the organization, activity, and behavior of civilizations and individual liberties.The scope of this book is limited to covering the impact of the negative oil futures derivatives' trading between April 20 and 21, 2020. This book focuses on exploring the issues, challenges, and possible impacts on global financial markets due to the negative clearing prices of WTI Oil futures contracts and related problems from different perspectives. Topics covered include the responsibilities and liabilities of the CME; critique to the fundamental theory of economics and the modern understanding of value and labor; and challenges to the global financial systems and businesses and introduction to new methods of application.
Author: Robert Tompkins
Publisher: Springer
ISBN: 1349128023
Category : Business & Economics
Languages : en
Pages : 314
Get Book Here
Book Description
Serves as an introduction and analysis of exchange traded options. Advantages in the form of their limited risk features and leverage provided are discussed in detail. Above all, their infinite range of trading strategies are considered, as are ways of increasing trading flexibility.
