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Author: American Petroleum Institute
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 296
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Author: American Petroleum Institute
Publisher:
ISBN:
Category : Petroleum
Languages : en
Pages : 296
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Author:
Publisher:
ISBN:
Category : Geology
Languages : en
Pages : 180
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Author: California. Division of Mines
Publisher:
ISBN:
Category : Geology
Languages : en
Pages : 374
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Author: California. Division of Mines and Geology
Publisher:
ISBN:
Category : Geology
Languages : en
Pages : 190
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Author: Mr.Rabah Arezki
Publisher: International Monetary Fund
ISBN: 1475572360
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
This paper presents a simple macroeconomic model of the oil market. The model incorporates features of oil supply such as depletion, endogenous oil exploration and extraction, as well as features of oil demand such as the secular increase in demand from emerging-market economies, usage efficiency, and endogenous demand responses. The model provides, inter alia, a useful analytical framework to explore the effects of: a change in world GDP growth; a change in the efficiency of oil usage; and a change in the supply of oil. Notwithstanding that shale oil production today is more responsive to prices than conventional oil, our analysis suggests that an era of prolonged low oil prices is likely to be followed by a period where oil prices overshoot their long-term upward trend.
Author: Bassam Fattouh
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Author: Mr. Kangni R Kpodar
Publisher: International Monetary Fund
ISBN: 1616356154
Category : Business & Economics
Languages : en
Pages : 34
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This paper investigates the response of consumer price inflation to changes in domestic fuel prices, looking at the different categories of the overall consumer price index (CPI). We then combine household survey data with the CPI components to construct a CPI index for the poorest and richest income quintiles with the view to assess the distributional impact of the pass-through. To undertake this analysis, the paper provides an update to the Global Monthly Retail Fuel Price Database, expanding the product coverage to premium and regular fuels, the time dimension to December 2020, and the sample to 190 countries. Three key findings stand out. First, the response of inflation to gasoline price shocks is smaller, but more persistent and broad-based in developing economies than in advanced economies. Second, we show that past studies using crude oil prices instead of retail fuel prices to estimate the pass-through to inflation significantly underestimate it. Third, while the purchasing power of all households declines as fuel prices increase, the distributional impact is progressive. But the progressivity phases out within 6 months after the shock in advanced economies, whereas it persists beyond a year in developing countries.
Author:
Publisher:
ISBN:
Category : Mineral industries
Languages : en
Pages : 292
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Author:
Publisher:
ISBN:
Category : Energy policy
Languages : en
Pages : 786
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Indexes the tables, graphs, and formatted data presented in the statistical publications of the EIA.
Author:
Publisher:
ISBN:
Category : Mineral industries
Languages : en
Pages : 1408
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