Based on monthly observations, I specify an econometric model capturing the driving forces behind the crude oil price series in recent years. A large set of covariates, such as supply and demand variables as well as futures market variables, is used to test the impact on the crude oil price. Current price movements are a result of scarce refining capacity and speculators betting on higher price...

High crude oil prices, uncertainties about the consequences of climate change and the eventual decline of conventional oil production raise the issue of alternative fuels, such as non-conventional oil and biofuels. This paper describes a simple probabilistic model of the costs of nonconventional oil, including the role of learning-by-doing in driving down costs. This forward-looking analysis qu...

This study seeks to explain why crude oil prices fluctuate, the main cause being the quota regime, which characterises the OPEC agreements. Given that the Saudi oil supply is inelastic in the short term, a shock in the oil market is accommodated by an immediate price change. In contrast, a dominant firm behaviour in the long term causes an output change, which is accompanied by a smaller price ...

Oils extracted from wild salmon by-products are excellent sources of long chain omega-3 polyunsaturated fatty acids including eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). However, quality loss is expected if time delays are encountered before oil extraction. The free fatty acid levels (FFA), fatty acid profile and total fat soluble antioxidant activity in extracted oil from aging...

Past research has shown that firm announcements regarding their supply chains are not overlooked by the stock market. The stock market reacts positively to enhancements or negatively to disruptions in firm supply chains. Some have conjectured that the observed market reactions to announced enhancements or disruptions understate the importance of the firm‟s supply chain to the market value of th...

Traders are often blamed for high prices, prompting government regulation. We study the effects of a ban layer financing intermediaries in edible oil supply chain Bangladesh during 2011–2012. Contrary to predictions standard model an oligopolistic chain, caused downstream wholesale and retail prices rise, pass-through changes imported crude price fall. These results can be explained by extensio...

ƒ In addition to accurate forecasts of the price of oil, policy-makers are interested in evaluating the risks associated with the baseline forecast to gauge the implications of alternative oil price paths for the economic outlook. A structural model of the global oil market can be used to develop risk scenarios for oil price forecasts, based on hypothetical assumptions about future demand and s...