Connectedness in International Crude Oil Markets

Bhanja, Niyati; Nasreen, Samia; Dar, Arif Billah; Tiwari, Aviral Kumar

doi:10.1007/s10614-020-10068-4

Cited by 7 publications

(2 citation statements)

References 38 publications

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“…In this section of the paper we present the findings from our wavelet coherence analysis of the time series variables. From Figure 2, it is clear to observe that the dynamic correlations between COVID-19 health outcomes and oil prices do not differ much amongst the three markets which is not surprising considering the observed interconnectedness of oil markets (Bhanja et al, 2021). Secondly, in all markets, we observe significant co-movements between health statistics and COVID-19 across the entire time window which implying correlation between the series throughout the entire pandemic.…”

Section: Wavelet Coherence Resultsmentioning

confidence: 68%

The Impact of Covid-19 on Oil Market Returns: Has Market Efficiency Being Violated?

Moyo

Anyikwa²,

Phiri³

2023

IJEEP

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This study examines the effect of COVID-19 pandemic on the efficiency of oil markets from 2nd February 2020 to 4th August 2021. By relying on dynamic conditional correlation GARCH and Wavelet coherence techniques, we able to provide correlations between the variables across time and frequency domains. Our empirical findings point to significant yet weak correlations between COVID-19 recovery/death rates for the time period extending from early February to early May even though we observe strong correlations between WTI prices and COVID-19 health statistics in mid-April. Moreover, during this identified time period, the length of frequency cycles within the correlations decreases from 16 days to 8 days. Altogether, these findings imply that oil markets were inefficient between February and early May and have since turned market efficient for the remaining duration of the pandemic.

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Section: Wavelet Coherence Resultsmentioning

confidence: 68%

The Impact of Covid-19 on Oil Market Returns: Has Market Efficiency Being Violated?

Moyo

Anyikwa²,

Phiri³

2023

IJEEP

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“…Oil prices have been under pressure. From April to June, due to various factors such as the improvement of the economic situation and the rebound in energy demand, the implementation of a small production increase plan by OPEC+, and the obstruction of negotiations between the United States and Iran, international oil prices fluctuated and rose [4]. Oil prices varied widely from July to August, and since then OPEC+ agreed to a small increase in production, alleviating fears of a sharp increase in supply.…”

Section: Figurementioning

confidence: 99%

Factors and Trends Analysis of International Crude Oil Price in 2022

Zhang¹

2022

Proceedings of the 2022 2nd International Conference on Enterprise Management and Economic Development (ICEMED 2022)

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Due to the reopening and remarkable recovery of the global economy from the epidemic, as well as the increased mobility of people under higher vaccination rates, 2021 has been a year of significant recovery for both supply and demand of crude oil Since the shortage of natural gas has fuelled a widespread demand for crude oil as a substitute, the year 2022 may hold a lot of potential and meanwhile uncertainty for crude oil investors. This study focuses on both qualitative and quantitative analyses to review and summarize the past year's trend of international crude oil market prices, analyze the price influencing factors, as well as judging and forecasting the trend for the coming year. The qualitative analysis is mainly from the fundamental and non-fundamental point of view. In the quantitative analysis, the study mainly uses the ARDL-ECM model to do a regression analysis of the main influencing factors of the international crude oil market price. In addition, the paper uses a GVAR model to study the impact of global variables on individual country variables, i.e., a long-term scenario of relatively moderate oil prices, moderate increases in geopolitical risk, and relatively stable or decelerating financial liquidity growth. The study concludes that non-fundamental factors are negative for crude oil prices in 2022, but that the overall level of oil prices is relatively unchanged from last year.

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Detecting the horizontal/vertical price relationship patterns in the global oil industry chain through network analysis

Guo,

Li,

et al. 2024

Energy

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Connectedness in International Crude Oil Markets

Cited by 7 publications

References 38 publications

The Impact of Covid-19 on Oil Market Returns: Has Market Efficiency Being Violated?

The Impact of Covid-19 on Oil Market Returns: Has Market Efficiency Being Violated?

Factors and Trends Analysis of International Crude Oil Price in 2022

Detecting the horizontal/vertical price relationship patterns in the global oil industry chain through network analysis

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