Research paper on oil prices. Understanding Crude Oil Prices 2022-11-06

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Oil prices are a major factor in the global economy, and changes in oil prices can have significant impacts on both oil-producing and oil-consuming countries. As a result, understanding the factors that influence oil prices is an important area of research for economists, policymakers, and businesses.

One key factor that affects oil prices is supply and demand. When the demand for oil is high and the supply is low, prices tend to rise. Conversely, when the supply of oil is high and the demand is low, prices tend to fall. Factors that can influence demand for oil include economic growth, population growth, and changes in energy consumption patterns. For example, a strong global economy may lead to increased demand for oil as businesses and consumers consume more energy. On the other hand, a slowdown in economic growth or a shift towards alternative energy sources may lead to reduced demand for oil.

Another factor that can impact oil prices is the cost of production. The cost of extracting, transporting, and refining oil can vary significantly depending on the location and type of oil being produced. For example, oil produced in the Middle East may be cheaper to produce than oil from offshore platforms or oil sands. As a result, changes in the cost of production can affect the price of oil.

Political and geopolitical events can also have an impact on oil prices. For example, conflict or instability in oil-producing countries can disrupt supply and lead to higher prices. Similarly, changes in government policies or regulations can influence the cost of production and the demand for oil.

Finally, the value of the U.S. dollar, in which oil is priced, can affect oil prices. A strong dollar can make oil more expensive for countries that use other currencies, leading to reduced demand and lower prices. Conversely, a weak dollar can make oil more affordable for foreign buyers, leading to increased demand and higher prices.

In summary, oil prices are influenced by a range of factors including supply and demand, the cost of production, political and geopolitical events, and the value of the U.S. dollar. Understanding these factors is important for policymakers, businesses, and investors seeking to forecast and respond to changes in oil prices.

Understanding Crude Oil Prices

research paper on oil prices

Related Research Papers: Term Paper … ¶… Rising Gas Prices Anyone who has filled up their gas tank lately knows that prices have been on the rise for some time. It is also sweeter in terms of taste compared to Brent since it has low sulfur contents. Therefore, the country may lower its productivity and export less of the products than before. The country that consumes the most oil is the United States. Arguments have been put forth in an effort to explain the current situation that causes the oil prices to fall.

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Research Proposal: Oil Prices

research paper on oil prices

The production of oil is also at the same level it has been. Saudi Arabia is clear example of the factors that determine the oil prices within the global economy. Initial illustrations show that the implied convenience yield risk is not necessarily consistent between stockmarket and derivative market participants. As a result, in 2005, GDP the growth was 9. Asian Development Bank 2020.


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Research Paper on Oil Prices

research paper on oil prices

Conflict or war in the OPEC countries Conflict and threat of war have been shown to lead to major disruption of global oil production as well as logistics. Speculation Investor speculation has been noted to be one possible cause of rise in oil prices. In America for example, the offshore drilling as drilling of wells is prohibited by the U. In 2001, the situation was rather opposite. This paper explores the reasons for this state of affairs by analysing the kind of monetary policy that has been pursued by the central bank during the period 1995 to 2009. Therefore, governments that do not reserve enough oil when the oil prices drop will continue suffering from the supply shocks.

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Effect of Oil Prices on Different Countries' GDP

research paper on oil prices

In the western world however, governments try to regulate oil reserves as a result of economic and environmental concerns. The Iraq war also led to a disruption in oil supply as a result of attacks by the Kurdish and Turkish forces. This paper will give a clear outlay of the effect of oil prices on the various variables in the GDP equation using clear illustrations and graphs. The gross private domestic investment in the United States depended significantly on the changes in the oil prices in 1998-1999 when the prices fell, and the productivity increased. Examples of conflicts that have led to a disruption of global oil supply are the attacks on the Nigerian pipeline such as the one that was aimed at the Royal Dutch Shell.


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Research Paper: Rising Gas Prices

research paper on oil prices

The VECM result shows a long-run causality moves from Indian stock market to oil price and the results of the Granger Causality test confirms the same unidirectional movement in short-run also. It is, therefore, more of a myth to assume that the changing trends in demand for oil in Europe is the major reason that the oil prices have gone down. One reason for this lies in a still largely unutilized opportunity for improving the energy efficiency of systems in many application areas. Another myth that the oil producers overlook in arguing their case is that of the market correcting itself Cunado et al, Page 68-80. After its collapse, PEMEX was adopted by oil producers as the best method for price determination and is still used currently.


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Practical

research paper on oil prices

The oil price then subsequently rises. The companies will continue producing and distributing cheaper oil products across the globe even as the prices continue going down. Oil is traded on the New York Mercantile Exchange and traditionally the companies trading in oil were those that used it in their businesses -- airlines, fuel companies. It is the same for intermediate products such as naphtha or kerosene, or for finished products such as fuels, jet fuel, diesel, or heavy fuel oil. In particular, competing energy sectors will benefit as consumers, businesses and entrepreneurs alike work to find lower-cost energy alternatives.


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Research Paper On Oil Prices

research paper on oil prices

Learn More In a span of one month, oil prices can raise considerably, but since oil has no substitute, the demand for oil remains inelastic. The GPD sums all the amounts of monies spent in a nation. CONCEPTUAL FRAMEWORK OIL PRICE HIKE MOTORCYCLE RIDERS AT BRGY BAYBAY-DAGAT For a better understanding of the study, the following terms are defined in the context of this research. This paper will analyze the recent volatility in oil prices in the context of supply and demand, and will examine the potential impacts not only of speculation on oil prices, but of higher oil prices on the overall economy. CEPII Working Papers 5. Cunado, Juncal, And F.

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Oil Price Research Papers

research paper on oil prices

The oil prices have not been stable for some time with the recent prices considered low. If the price determinant is low, then it is expected that the prices will be low. Essentially, OPEC nations agree on the amount of oil to produce and the prices of selling the oil. Earlier, gasoline used to be fundamentally similar; however, there are several "flavors" of the gas that is presently in the market. It is difficult to separate the decline attributed to high oil prices from the general economic meltdown last year, but higher oil prices were a contributing factor. GROWTH OF MOTORCYCLE RIDERS The number of registered motorcycles also increased significantly worldwide by 24% from 2013 to 2016.

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How Oil Prices Affect Gross Domestic Product (GDP)

research paper on oil prices

We guarantee you 100% authenticity of your paper and assure you of dead on time delivery. There is some concern that speculation has driven the market to a greater extent in recent years, although this cannot be conclusively proven. OPEC attempts to set the oil price at a level that will allow its members to carefully manage production and profits. OPEC estimates show that demand from OECD countries is expected to flatline, with global growth in oil demand coming almost entirely from developing nations Hamel, 2009. The demand of oil is highly elastic meaning that a relative change of the demand of oil or its supply can cause a relatively large price change. Pinno, Karl and Apostolos Serletis. Fluctuations in gasoline at the… Pages: 11 3833 words · Type: Term Paper· Bibliography Sources: 6 Essay … Gas prices are beginning to rise again after remaining steady for a period of several months.

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