| 来源类型 | Energy Comments |
| 规范类型 | 评论 |
| DOI | https://doi.org/10.26889/9781784670665 |
| Not all oil supply shocks are alike either – Disentangling the supply determinant | |
| Andreas Economou | |
| 发表日期 | 2016-08-31 |
| 出版年 | 2016 |
| 页码 | 4 |
| 语种 | 英语 |
| 概述 | Analysis of oil price shocks using fundamental measures has for years puzzled researchers. Recent theoretical and empirical work has made considerable improvements on how to model the global oil market. Yet, many studies document a decrease in the explanatory ability of the supply side of the market, as there appears little evidence that oil supply […] |
| 摘要 | Analysis of oil price shocks using fundamental measures has for years puzzled researchers. Recent theoretical and empirical work has made considerable improvements on how to model the global oil market. Yet, many studies document a decrease in the explanatory ability of the supply side of the market, as there appears little evidence that oil supply shocks have historically been a key determinant of the oil price. This comment focuses on the underlying specifications of the supply determinant and predicts that the most important channel by which oil supply affects the price of oil is through shocks to the available operable capacity in crude oil production, relative to demand, as a consequence of the normal functioning of the global oil market. The full OIES paper that accompanies this comment can be found here. |
| 主题 | Energy Economics ; OIES - Saudi Aramco Fellowship ; Oil ; Oil & Middle East Programme |
| 关键词 | crude oil production Oil Market oil price Oil Supply shocks |
| URL | https://www.oxfordenergy.org/publications/not-oil-shocks-alike-either-disentangling-supply-determinant/ |
| 来源智库 | Oxford Institute for Energy Studies (United Kingdom) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/312418 |
| 推荐引用方式 GB/T 7714 | Andreas Economou. Not all oil supply shocks are alike either – Disentangling the supply determinant. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| Not-all-oil-shocks-a（953KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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