World Market Price of Oil

Abstract

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The impact of global competitiveness on the growth of bioenergy industry in EU‐28 region

“…However, a 5% increase in GDP influenced the growth of bioenergy by 13%. These outcomes find consistency with Scarlat et al (2015), Hudiburg et al (2016), Muradov et al (2019), and Nababan (2019). The finding suggests that EU‐28 region countries have the prospect of achieving their renewable energy and bioenergy targets for 2030 by increasing the efficiency of human capital, innovation ecosystem, enabling environment, and GDP.…”

“…Wilson (2016), Muradov et al (2019), and Nababan (2019) further illustrate that productivity linked to a rise in living conditions, growth of work prospects, and a nation's capacity to uphold its foreign commitments. The 2016–2017 World Economic Forum (WEF) study splits the global productivity predictor components into three sub‐indices; critical requirements, enhancers of performance, and creative and sophisticated variables.…”

“…Hudiburg et al (2016) posited that the revised policy on the production of second‐generation bioethanol, particularly the tax credit for biofuel development, would impact biofuel productivity pathways. Muradov, Hasanli, and Nazim (2019) and Nababan (2019) have already stated that growth has a secure and essential link to raising the industry's global competitiveness index. However, corruption, insufficiently qualified staff, access to capital, tax legislation, and dysfunctional administration are the most troublesome reasons to boost the productivity index.…”

Performance Evaluation and Cycle Time Optimization of Vapor-Compression/Adsorption Cascade Refrigeration Systems

“…In Saudi Arabia, summertime temperatures are 2.5 times higher than wintertime averages. In the past 45 years, the hottest temperature observed in KSA has been 53 • C [1], and warming trends for the summer and winter seasons in Riyadh are 0.058 • C and 0.042 • C annually, respectively [2]. Approximately 20% of the electricity used globally is consumed by the refrigeration industry, and it is expected to grow in the next years as a result of global warming and the growing cooling needs across many different industries [3].…”

Assessing the effect of political statements on oil price volatility

“…Research by Elian, Kisswani [17], Muradov et al [21] shows that the key factors affecting the oil price are the reduction of commercial crude oil inventories, weakening dollar, natural disasters, political and military tension in production countries and actions of oil speculators. However, the main factors of the oil market cannot affect the oil price, which changes monthly or even daily.…”