Spatial crude oil production divergence and crude oil price behaviour in the United States

This paper deals with the analysis of (spatial) crude oil production divergence in United States, paying particular attention to domestic between PADD 2 and 3, which are areas bottleneck occurs has a direct implication on price West Texas Intermediate (WTI). To this purpose, we use techniques based fractional integration, cointegration VAR (FCVAR) wavelet analysis. Monthly data related U.S. by regions (Anadarko, Appalachia, Bakken, Eagle Ford, Haynesville, Niobrara Permian) from January 2007 June 2020 used. The results, using integration techniques, indicate that time series analyzed highly persistent there is evidence long run equilibrium relationships some series. Finally, analysis, conclude most affected Anadarko, Haynesville where an increase shale followed decrease WTI prices.