The Heterogeneous Interconnections between Supply or Demand Side and Oil Risks

Liao, Gaoke; Li, Zhenghui; Du, Ziqing; Liu, Yue

doi:10.3390/en12112226

Cited by 21 publications

(25 citation statements)

References 51 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…In this section, we will review the literature on the subject and laid the foundation for analyzing the determinants of INE crude oil volatility. From the perspective of economic relations between commodity supply and demand and the oil prices, previous literature have shown that demand, supply, and speculation are the driving forces of oil price volatility (Narayan and Narayan, 2007;Mu and Ye, 2011;Kilian and Murphy, 2014; Pan et al, 2017;Yi et al, 2018;Liao et al, 2019). However, as a commodity that is traded globally, the crude oil market faces a much more complicated economic environment and might be driven by other macroeconomic factors beyond its supply and demand.…”

Section: Literature Reviewmentioning

confidence: 99%

Macroeconomic Uncertainty and Crude Oil Futures Volatility–Evidence from China Crude Oil Futures Market

Yang

2021

Front. Environ. Sci.

View full text Add to dashboard Cite

This paper investigates whether the macroeconomic uncertainty factors can explain and forecast China’s INE crude oil futures market volatility. We use the GARCH-MIDAS model to investigate the explaining and predicting power of the macroeconomic uncertainties. We considered various geopolitical risk (GPR) indices, economic policy uncertainty (EPU) indices, and infectious disease pandemic (IDEMV) indices in our model. The empirical results suggest that the geopolitical risk, the geopolitical act risk, the global economic policy uncertainty, the economic policy uncertainty from the United Kingdom, and the economic policy uncertainty from Japan comprehensively integrate the information contained in the rest factors, and have superior predictive powers for INE crude oil future volatility. These findings highlight the importance of the impact of macroeconomic uncertainty factors has on the crude oil futures market, and indicate that the macroeconomic uncertainties need to be considered when explaining and forecasting crude oil futures market volatility.

show abstract

Section: Literature Reviewmentioning

confidence: 99%

Macroeconomic Uncertainty and Crude Oil Futures Volatility–Evidence from China Crude Oil Futures Market

Yang

2021

Front. Environ. Sci.

View full text Add to dashboard Cite

show abstract

“…However, this impact is a conflicting issue among different stakeholders [3]. For one thing, the correlation between OPEC and oil price varies over a time horizon, because of the changing market share of non-OPEC oil production [4]. For another, the role of OPEC changes over time due to the market fundamentals.…”

Section: Introductionmentioning

confidence: 99%

The Oil Market Reactions to OPEC’s Announcements

2019

Self Cite

View full text Add to dashboard Cite

Because of the crucial implications of the market power of OPEC, the aim of this paper was to investigate the oil asymmetric market reactions, such as the price and risk reactions, to OPEC’s announcements. Specifically, this paper first explored the oil price reactions to OPEC’s announcements and their heterogeneity to depict the directional role of OPEC based on event study methodology. Furthermore, this paper analyzed the oil risk reactions in the framework of a linear model. Our findings reveal several key results. The oil price reactions to OPEC production decisions behave quite heterogeneously in three kinds of decisions. Specifically, the reaction to announcements of a production increase shows an invert “U” shape, whereas there is a linear effect of cut announcements. Otherwise, when a maintain decision is announced, the oil prices have no obvious change over the sample period. Additionally, the oil risk reactions to OPEC’s announcements are heavily related to the interaction item between OPEC decisions and its production over full sample periods. Furthermore, OPEC’s role in promoting stability in crude oil markets by changing its production shows a heterogeneous condition after global financial crisis.

show abstract

“…In macro terms, a decreasing oil production capacity has an impact on the adequacy of energy services when needed in the Metropolitan Mamminasata area. The crude oil price chain is affected by different types of interconnections in different time windows [112].…”

Section: Energy Security and Use Of Renewable Energymentioning

confidence: 99%

Economic Evaluation, Use of Renewable Energy, and Sustainable Urban Development Mamminasata Metropolitan, Indonesia

et al. 2021

View full text Add to dashboard Cite

The acceleration of the development of the Metropolitan Mamminasata area has an impact on the socio-economic dynamics of the community and the use of excess energy resources. The purpose of this study was to analyze (1) economic growth and energy security work as determinants of urban development for Metropolitan Mamminasata, (2) the effect of economic growth, energy consumption, availability of transportation infrastructure, and renewable energy on the quality of the environment and the sustainability of the Metropolitan Mamminasata system, and (3) renewable energy management strategies and sustainable urban development for Metropolitan Mamminasata. An explanatory sequential approach was used. Data were obtained through observation, surveys, and documentation. The results showed that renewable energy which has the potential to used, in the Mamminasata Metropolitan urban area to support economic growth and increase urban productivity, namely water energy, wind energy, and biomass energy. Furthermore, it takes the effectiveness and efficiency of energy users toward improving environmental quality. Economic growth, energy consumption savings, the availability of transportation infrastructure, and renewable energy have a significant effect on environmental quality, with a determination coefficient of 82.3%, and the sustainability of the Metropolitan Mamminasata system, with a determination coefficient of 75.7%. Use of renewable energy in the management of urban development will require support from government policies, as well as community and business participation. This study recommends a renewable energy management strategy as an important part of supporting the sustainability of urban development in Metropolitan Mamminasata, Indonesia.

show abstract

The Heterogeneous Interconnections between Supply or Demand Side and Oil Risks

Cited by 21 publications

References 51 publications

Macroeconomic Uncertainty and Crude Oil Futures Volatility–Evidence from China Crude Oil Futures Market

Macroeconomic Uncertainty and Crude Oil Futures Volatility–Evidence from China Crude Oil Futures Market

The Oil Market Reactions to OPEC’s Announcements

Economic Evaluation, Use of Renewable Energy, and Sustainable Urban Development Mamminasata Metropolitan, Indonesia

Contact Info

Product

Resources

About