Oil Prices and the Global Economy

Oil Prices and the Global Economy

Author: Mr.Rabah Arezki

Publisher: International Monetary Fund

Published: 2017-01-27

Total Pages: 30

ISBN-13: 1475572360

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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.


The Demand for Oil Products in Developing Countries

The Demand for Oil Products in Developing Countries

Author: Dermot Gately

Publisher: World Bank Publications

Published: 1997-01-01

Total Pages: 108

ISBN-13: 9780821338919

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World Bank Discussion Paper No. 354. Promoting a high savings rate is high on the World Bank's agenda for promoting national income growth. This study surveys broad saving trends worldwide, summarizes current knowledge about savings and consumption, identifies main unresolved issues, and outlines the major policy questions to be researched. The paper include case studies from Sub-Saharan Africa, China, Colombia, India, Mexico, and Pakistan.


Saving Oil in a Hurry

Saving Oil in a Hurry

Author: International Energy Agency

Publisher: OECD Publishing

Published: 2005

Total Pages: 176

ISBN-13:

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During 2004, oil prices reached levels unprecedented in recent years. Although world oil markets remain adequately supplied, high oil prices reflect increasingly uncertain conditions, and many countries are considering ways to improve capacity to handle market volatility and possible supply disruptions in the future. In light of these concerns, this publication sets out a new quantitative assessment of the potential oil savings and costs of rapid oil demand restraint measures for transport, useful for both large-scale disruptions, and for smaller, localised supply disruptions in individual countries. It examines potential approaches for rapid uptake of measures such as telecommuting, ecodriving, and car-pooling; as well as discussing methodologies for adapting policy measures to national circumstances.


The Oil Wars Myth

The Oil Wars Myth

Author: Emily Meierding

Publisher: Cornell University Press

Published: 2020-05-15

Total Pages: 256

ISBN-13: 1501748955

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Do countries fight wars for oil? Given the resource's exceptional military and economic importance, most people assume that states will do anything to obtain it. Challenging this conventional wisdom, The Oil Wars Myth reveals that countries do not launch major conflicts to acquire petroleum resources. Emily Meierding argues that the costs of foreign invasion, territorial occupation, international retaliation, and damage to oil company relations deter even the most powerful countries from initiating "classic oil wars." Examining a century of interstate violence, she demonstrates that, at most, countries have engaged in mild sparring to advance their petroleum ambitions. The Oil Wars Myth elaborates on these findings by reassessing the presumed oil motives for many of the twentieth century's most prominent international conflicts: World War II, the two American Gulf wars, the Iran–Iraq War, the Falklands/Malvinas War, and the Chaco War. These case studies show that countries have consistently refrained from fighting for oil. Meierding also explains why oil war assumptions are so common, despite the lack of supporting evidence. Since classic oil wars exist at the intersection of need and greed—two popular explanations for resource grabs—they are unusually easy to believe in. The Oil Wars Myth will engage and inform anyone interested in oil, war, and the narratives that connect them.


Coronavirus Outbreak and the Great Lockdown

Coronavirus Outbreak and the Great Lockdown

Author: Bhaskar Bagchi

Publisher: Springer Nature

Published: 2020-09-21

Total Pages: 126

ISBN-13: 981157782X

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This book captures the dynamic relationship between COVID-19 pandemic, crude oil prices and major stock indices as well as the crude oil prices and stock market volatility that have been caused due to outbreak of this pandemic. The pandemic has changed the world melodramatically and major world markets collapsed in the beginning, affecting major industries in an unprecedented way. The book will be useful to the researcher in the field of finance and economics, and policy makers both at government and private level, keeping in view the present state of economy throughout the world.