AN EMPIRICAL ANALYSIS OF SUPPLY AND DEMAND FACTORS INFLUENCING GLOBAL OIL PRICES: A PANEL DATA APPROACH DOI
Milan Tomić,

Srđan Stevandić

SCIENCE International Journal, Год журнала: 2024, Номер 3(3), С. 171 - 176

Опубликована: Сен. 20, 2024

This study examines the factors that impact global oil prices, focusing on relationship between supply and demand in international markets. The authors used an econometric panel methodology to identify primary influencing using Brent crude prices as dependent variable. also considered alternative measures, such Dubai West Texas Intermediate (WTI) well a composite price index derived from average of WTI, Dubai, ensure robustness findings. found key remained consistent across different variables introduced into model. research emphasizes critical role dynamics main drivers shaping prices. On side, reserves, trade, number active rigs were considered. results indicated increase is associated with increased while trade leads reductions. When rise, often increase, but specific time lag. rig can further drive up particularly when market expects continued growth or investments new are financed by anticipated higher revenues sales. Increased more excellent market, which drives down Although reserves showed positive coefficient, they marginally significant, suggesting potential upward pressure increase. may reflect perceptions future constraints, where signal scarcity rather than immediate availability, thereby exerting due speculative behavior strategic stockpiling. industrial was factor significantly drove higher. At same time, renewable energy consumption had statistically significant adverse impact, reducing lowering examined major events, including COVID-19 pandemic effects Global Financial Crisis. It revealed negative worldwide lockdowns economic slowdowns. However, Crisis did not exhibit statistical significance model WTI though it still negatively affected all models. employed various data regression techniques, pooled, fixed (FE), random (RE) Diagnostic tests for heteroskedasticity autocorrelation conducted, leading application Robust Hausman identified most appropriate this analysis. Moreover, Driscoll-Kraay standard errors correct heteroskedasticity, autocorrelation, cross-sectional dependence, reinforced fixed-effects model's validity. findings highlighted importance pivotal

Язык: Английский

Evaluating financial implications of renewable energy for climate action and sustainable development goals DOI Creative Commons
Yasir Ahmed Solangi, Cosimo Magazzino

Renewable and Sustainable Energy Reviews, Год журнала: 2025, Номер 212, С. 115390 - 115390

Опубликована: Янв. 26, 2025

Язык: Английский

Процитировано

9

Preserving energy security: Can renewable energy withstand the energy-related uncertainty risk? DOI
Chi‐Wei Su,

Ying Wub,

Meng Qin

и другие.

Energy, Год журнала: 2025, Номер unknown, С. 135349 - 135349

Опубликована: Март 1, 2025

Язык: Английский

Процитировано

4

Who pays for the EU Emission Trading System? The risk of shifting tax burden from firm to final consumer DOI Creative Commons

Elsa Amaddeo,

Angela Stefania Bergantino, Cosimo Magazzino

и другие.

Energy Economics, Год журнала: 2025, Номер unknown, С. 108240 - 108240

Опубликована: Янв. 1, 2025

Язык: Английский

Процитировано

1

Relation of energy use to price inflation for sustainable development policy: does fossilflation occur in Indonesia? DOI

Arya Candra Kusuma,

Robert Kurniawan, Sri Kuswantono Wongsonadi

и другие.

International Journal of Energy Sector Management, Год журнала: 2025, Номер unknown

Опубликована: Фев. 28, 2025

Purpose This study aims to analyze the effect of energy consumption by source toward price level fossil fuels in Indonesia. Design/methodology/approach Using data from Energy Institute and World Development Indicator, this applies error correction model method on levels, both short long run. Findings The results show that oil, which is one sources, has increased. In run, coal increases oil prices, while geothermal does opposite. On other hand, term, only prices. emphasizes importance renewable development, especially hydroelectricity, for stability Originality/value To best authors’ knowledge, first examine Indonesian addition, breaks down analysis source, making it a valuable reference development

Язык: Английский

Процитировано

1

Towards energy security: Could renewable energy endure uncertainties in the energy market? DOI

Junyi Dou,

Kun Li, Meng Qin

и другие.

Economic Analysis and Policy, Год журнала: 2025, Номер unknown

Опубликована: Март 1, 2025

Язык: Английский

Процитировано

1

The mutual effects of residential energy demand and climate change in the United States: A wavelet analysis DOI Creative Commons
Faik Bilgili, Sevda Kuşkaya, Cosimo Magazzino

и другие.

Environmental and Sustainability Indicators, Год журнала: 2024, Номер 22, С. 100384 - 100384

Опубликована: Апрель 4, 2024

This study examines the complex and time-varying relationship between residential energy demand (including electricity, geothermal, solar energy) climate change using wavelet analyses with monthly USA data from January 1990 to March 2023. The results show that indicators exhibit a interrelationship cyclical lag effects. Specifically, before 2021, positive correlation electricity carbon dioxide (CO2) emissions in short-term frequencies was found, but reversed thereafter, an increase CO2 levels influencing decreasing demand. In long run frequencies, link power consumption shifted over time, exhibiting inconsistent co-movement. co-movements geothermal predominantly correlations, leading short run, while leads run. both long-term dependency co-movement are mixed, correlations negative correlations. Therefore, improved insulation, energy-efficient windows, high-efficiency heating systems can all assist reducing heat loss total for domestic subsequently low emissions.

Язык: Английский

Процитировано

6

Capitalizing on natural resources rent and renewable energy in enhancing economic growth—New evidence with MMQR method DOI Creative Commons

Musbau Omotola Kadir,

Abraham Deka, Mehdi Seraj

и другие.

Natural Resources Forum, Год журнала: 2024, Номер unknown

Опубликована: Июль 10, 2024

Abstract Natural resources are vital given by nature and responsible for promoting a nation's economic development. However, with the existence of two opposing theories, it is essential to provide state‐of‐the‐art research that ascertains association between natural growth. The Rostow hypothesis presents importance in growth, while curse alludes resources, developing countries, reduce present uses contemporary Methods Moments Quantile Regression method explore on this relationship fifteen resources‐rich African countries. data used annual period 1990 2021. major results presented show rent significantly promotes growth region, supporting postulations Rostow's hypothesis. Renewable energy also observed play significant role raising region. labor force participation rate determined can be explained high levels unemployment Capital provides positive but insignificant effect study capital, trade openness, enhance rent. calls improvement use renewable order attain sustainable development

Язык: Английский

Процитировано

6

Regional Disparities and Strategic Implications of Hydrogen Production in 27 European Countries DOI Open Access
Cosimo Magazzino, Marco Mele, Angelo Leogrande

и другие.

Regional science and environmental economics, Год журнала: 2024, Номер 1(1), С. 3 - 30

Опубликована: Авг. 24, 2024

This study examines hydrogen production across 27 European countries, highlighting disparities due to varying energy policies and industrial capacities. Germany leads with 109 plants, followed by Poland, France, Italy, the UK. Mid-range contributors like Netherlands, Spain, Sweden, Belgium also show substantial investments. Countries Finland, Norway, Austria, Denmark, known for their renewable policies, have fewer while Estonia, Iceland, Ireland, Lithuania, Slovenia are just beginning develop The analysis reveals that a significant portion of overall capacity in these countries remains underutilized, an estimated 40% existing infrastructure not operating at full potential. Many underutilize capacities infrastructural operational challenges. Addressing issues could enhance output, supporting Europe’s transition goals. underscores potential as sustainable source Europe need continued investment, technological advancements, supportive international collaboration realize this

Язык: Английский

Процитировано

3

Modeling the Oil Price Influences Upon the Energy Sector in the Macroeconomic Context. Empirical Evidence from Central and Eastern European Countries DOI Creative Commons
Florin Cornel Dumiter, Ștefania Amalia Nicoară, S Nicoară

и другие.

Studia Universitatis „Vasile Goldis” Arad – Economics Series, Год журнала: 2025, Номер 35(1), С. 1 - 29

Опубликована: Янв. 2, 2025

Abstract The oil price influences and tendencies have gained, lately major developments both at the European level on international level. Moreover, several interconnections between energy sector become panacea of important research studies. In this article, we provide a qualitative quantitative approach to manifested movements sector. study is focused Central Eastern Countries which similarities differences economy econometric techniques used in reveal importance causality relationship taking into account macroeconomic context. conclusions highlight some fine-tuning aspects that must be recalibrated increase economic outcomes, strengthen sector, respond properly movement trends.

Язык: Английский

Процитировано

0

Spillover effects between China’s new energy and carbon markets and international crude oil market: a look at the impact of extreme events DOI Creative Commons
Yong Zhang, Grace H. Tang, Rong Li

и другие.

International Review of Economics & Finance, Год журнала: 2025, Номер unknown, С. 103939 - 103939

Опубликована: Фев. 1, 2025

Язык: Английский

Процитировано

0