This study examines for the first time, to the best of our knowledge, the dynamic relationship between crude oil market returns and four major indices from 2014M8 to 2021M2
Moreover, the relationship between oil and equities is complicated despite the fact that higher oil prices is good news for clean energy and clean energy technology stocks. Therefore, the empirical estimation of the association between oil, clean energy and clean energy technology stocks has the final say on the extent and direction
It has been widely documented that the relationship between crude oil prices and the value of US dollar changes over time (Beckmann et al. in Energy Econ 88:104772, 2020).
The main finding shows that pandemic disease is veritable glue for the oil energy–renewable energy nexus, validating their coupling effect. Additionally, the
a notable shift from the long-observed inverse relationship between exchange rates and oil prices, as reported by Singh et al. ( 2018). Three theoretical explanations—the trade channel, the wealth
In the results of EOR–CO 2 storage relationship, enhanced oil was smaller in acidic condition, while CO 2 storage efficiency was not greatly related to acidity of the reservoir. The findings of this study can help for better understanding of smart water injection design into acid carbonate reservoir for the optimal EOR and CO 2 storage
We investigate the relationship between the prices of natural gas and crude oil, and the factors that cause short run departures from the long run equilibrium price relationship. We find evidence
Abstract Several previous studies have found evidence that oil and natural gas prices in the United States are cointegrated. There is also evidence, however, that the relationship is unstable. One explanation is that technological changes alter the substitutability between natural gas and oil products. We reaffirm this finding, but also find evidence that the
As a widely used and highly financialized energy commodity, the price of crude oil futures is influenced by macroeconomic conditions and sensitive to changes in financial markets. Referring to Wu et al. (2022) for a selection of representative macroeconomic and financial market indicators, we chose the S&P500 index, which
Between 2000 and 2015, the energy production by oil equivalent in the Middle East and North Africa regions varies between 12.3 and 13.4% and 2.7 and 2.0%, respectively. Fig. 12 Relationship between energy and fossil fuel (oil and NG liquids) productions (1970–2015) for Middle East ( a ) and North Africa ( b )
The main objective of this study is to evaluate two performance parameters: (1) oil recovery during CO2 and water alternating gas (WAG) injection, and (2) CO2 storage, during and after EOR, in
There is a partial substitution relationship between coal and crude oil in fossil energy. The shift in demand for crude oil and coal by related industries and
This paper is dedicated to studying and modeling the interdependence between the oil returns and exchange-rate movements of oil-exporting and oil-importing countries. Globally, twelve countries/regions are investigated, representing more than 60% and 67% of all oil exports and imports. The sample period encompasses economic and
The food-energy nexus has attracted great attention from policymakers, practitioners, and academia since the food price crisis during the 2007–2008 Global Financial Crisis (GFC), and new policies that aim to increase ethanol production. This paper incorporates aggregate demand and alternative oil shocks to investigate the causal
This paper demonstrates a pioneering technology adaption for using a membrane-based subsea storage solution for oil/condensate, modified into storing clean
We return to this point below. Further insight into the relationship between natural gas and crude oil prices can be gained from the residuals from two more regressions. In the first, the technology control and the exchange rate are omitted. In
Energy storage includes mechanical potential storage (e.g., pumped hydro storage [PHS], under sea storage, or compressed air energy storage [CAES]), chemical storage
This study aims to examine the short-term and long-term relationship between WTI oil prices and renewable energy production considering U.S. crude oil production, world oil prices, and other domestic and global factors. We employ several time-series analysis techniques, including the augmented Dickey-Fuller test and the Phillips
To address the complexity of siting and sizing for the renewable energy and energy storage (ES) of offshore oil–gas platforms, as well as to enhance the
This study empirically investigates the asymmetric effects of spot (future) prices and storage on rig counts in the US natural gas and crude oil markets from January 1986 to May 2020. It adopts the Nonlinear Autoregressive Distributed Lag (NARDL) model and establishes a flexible and efficient framework that measures the effects of positive
Several previous studies have found evidence that oil and natural gas prices in the United States are cointegrated. There is also evidence, however, that the relationship is unstable. Villar Jose, Joutz Frederick (2006). "The Relationship Between Crude Oil and Natural
Until now, the relationship between the fat and oil composition and their oxidation stability has been studied only at elevated temperatures (typically above 100 C).
Owing to the uncertainty around the coupling and decoupling of oil and gas prices, this study re-examines the relationship between oil and gas markets by modeling the price of one energy source based on the price of the other, both linearly and nonlinearly. We present an autoregressive exogenous model and three nonlinear frameworks with
Pham [6] shows that the relationship between oil price and clean energy stock is more different with clean energy stock sub-sectors. Thus, this paper is the first empirical study to examine the effects of climate policy uncertainty on the link between oil and diverse clean energy assets at a disaggregate level, which can provide more
We find evidence that the link between natural gas and crude oil prices is indirect, acting through competition at the margin between natural gas and residual fuel oil. We also find that technology is critical to the long run relationship between fuel prices, and short run departures from long run equilibrium are influenced by product inventories,
This article aims to examine the potential relationship between Brent crude oil futures prices and the index of the European renewable energy companies. After the overview of the European legislation and the most recent literature review on the topic, the article deploys a method of the Vector Autoregressive Model (VAR). The analysis
Second, the identified oil supply news shock has contributed meaningfully to historical variations in the real price of oil (see, Känzig, 2021), as illustrated in Fig. 1. 10 For example, Känzig (2021) shows that the rapid rise in the price of oil following the Iranian revolution in 1979 was primarily driven by future expectations of lower oil supply.
Internationally, NG competes with fuel oil and coal in power generation and is sometimes sold under long-term contracts with prices indexed to an oil price. Coal imports (around 1.5% of US production) and exports (around 9% of US production) should also link domestic and international coal prices, which in turn may also be influenced by
However, existing literature have mixed findings on the relationship between oil price rise and increased prices for agriculture commodity. While some studies, such as Ciaian and Kancs (2011), Mallory et al. (2012) show the transmission of increased energy prices to agricultural commodity prices, others studies, such as Cha and Bae
In 2004 and 2005 when crude oil advanced 33.6% and 40.5%, energy stocks would outperform by 21.1% and 35.3%. In 2014 and 2015 when crude oil declined 45.6% and 31.0%, energy stocks would
These likely persistent forces, like the growth of shale, point to a "low for long" scenario, even after the supply legacy left by the high-price era of the 2000s has dissipated. Futures markets, which show only a modest recovery of prices to around $60 a barrel by 2019, support this view. Natural gas and coal—also fossil fuels—have
Energy represents an important share of production costs for many agricultural commodities. Previous studies have found mixed evidence of a pass-through relationship between oil prices and agricultural commodity prices, a relationship that has the potential to disrupt farm-level decision making.
The impact of energy storage is far-reaching, as not only does it address the issues that have limited renewable energy''s penetration, it fundamentally alters the longstanding
This paper investigates the dynamic relationship between the oil market and European stock market returns using monthly data from May 2007 to April 2022 for 27 European Union member countries. A novel approach is adopted by using the time-varying Granger causality test and the structural vector auto-regression model to examine the
6 · Conversely, when capacitive energy storage of 4.86 kJ is utilised, approximately 2.03 kJ of energy is deposited in the oil, leading to significant pressure changes within
In this paper, we introduce a dynamic multivariate model to stu dy the dependence pattern. among the crude oil prices and the returns of indices for renewable energy over the. period 2003–2016
However, it is probably safe to say that there are three key underlying reasons: 1. Booming economic growth driving demand for oil. Two years ago when COVID-19 started, there was a plunge in economic activity and oil demand. Producers were adjusting production levels, but there is only so much one can do without destroying reservoirs or capital.
Abstract. The relationship between oil and nuclear energy in the global energy scene over the past 50 years is analysed. The former nuclear–oil product competition in power generation and various end-use markets is found to have transformed into a complementary relationship. Current concerns associated with both energy
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