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1. NET ENERJİ İTHALATÇISI ÜLKELERİN PETROL TÜKETİMİNİN GELİR VE FİYAT ESNEKLİKLERİ.

Author

YAŞAR, Ercan

Subjects
*ELASTICITY (Economics), *PANEL analysis, *PETROLEUM sales & prices, *ENERGY consumption, *SUPPLY & demand
Abstract

This study aims to analyze the oil demand of 49 countries which are net energy importers in the 1990-2016 period within the framework of panel data model. Countries are considered in two panels as high and low energy importing countries according to how much energy they import of their consumption. Income and price elasticities of oil demand for 26 high energy importing countries (Panel A) and 23 low energy importing countries (Panel B) were calculated. The results show that income elasticity of oil demand is positive and significant for both panels, and price elasticity is negative and significant again for both panels. In addition, price elasticity was lower than income elasticity for both panels. Another finding is that high energy importing country panel (Panel A) has lower price elasticity (-0.03) than low energy importing country panel (Panel B), (-0.41). Similarly, the income elasticity of the high-energy importing country panel (Panel A) (1.18) was calculated to be high than that of the low-energy importing country panel (Panel B), (1.04). Based on these results, some important policy implications have been proposed. [ABSTRACT FROM AUTHOR]

Published
2024

4. Estimating the Potential of Changes in Oil Price in IPCC Climate Scenarios: A System Dynamics Approach

Author

Kian Ebtekar, Hossein Khajehpour, and Abbas Maleki

Subjects
climatic change scenarios, oil demand, oil supply, oil price, opec, system dynamics, Dynamic and structural geology, QE500-639.5, Engineering (General). Civil engineering (General), TA1-2040, Electronic computers. Computer science, QA75.5-76.95
Abstract

This paper uses the system dynamics approach to model the changes in oil price prospects in the framework of the shared socio-economic pathways (SSP) climate scenarios proposed by the Intergovernmental Panel on Climate Change (IPCC) until 2100. This theoretical structure connects the primary feedback mechanisms: supply, demand, and price. The determining factors of most tremendous significance in the supply sector are the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC production levels. The production targets set by OPEC are indicative of its market management policies and are significantly influenced by the actions of its key members. The oil price indicates a cyclical relationship with the oil supply of significant players. The determination of global oil demand in the demand section is based on various climate scenarios presented in the IPCC report. The fluctuation of Brent oil prices over time can be linked to the disparity between supply and demand. According to the model outcomes, the price of oil will be projected to decline to $20 per barrel by the year 2100 if the sustainability policies outlined in the SSP1 framework are implemented. However, in the alternative scenarios of SSP3, characterized by regional competition, and SSP4, characterized by heightened inequality and competition, oil prices are anticipated to rise to $100 per barrel. In the context of the SSP5 scenario, which posits a path of economic and social development reliant on the consumption of fossil fuels, the price of oil displays a declining pattern after a period of relatively higher prices. The peak oil prices within the Intergovernmental Panel on Climate Change (IPCC) scenarios exhibit significant variation based on their Representative Concentration Pathways (RCPs).

Published
2024
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5. Oil Demand and Stocks.

Subjects
PETROLEUM, DIESEL fuels, GASOLINE, OIL transfer operations, COUNTIES
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2024
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6. Estimating the Potential of Changes in Oil Price in IPCC Climate Scenarios: A System Dynamics Approach.

Author

Ebtekar, Kian, Khajehpour, Hossein, and Maleki, Abbas

Subjects
PETROLEUM supply & demand, CLIMATE change, SOCIOECONOMICS, SUSTAINABILITY
Abstract

This paper uses the system dynamics approach to model the changes in oil price prospects in the framework of the shared socio-economic pathways (SSP) climate scenarios proposed by the Intergovernmental Panel on Climate Change (IPCC) until 2100. This theoretical structure connects the primary feedback mechanisms: supply, demand, and price. The determining factors of most tremendous significance in the supply sector are the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC production levels. The production targets set by OPEC are indicative of its market management policies and are significantly influenced by the actions of its key members. The oil price indicates a cyclical relationship with the oil supply of significant players. The determination of global oil demand in the demand section is based on various climate scenarios presented in the IPCC report. The fluctuation of Brent oil prices over time can be linked to the disparity between supply and demand. According to the model outcomes, the price of oil will be projected to decline to $20 per barrel by the year 2100 if the sustainability policies outlined in the SSP1 framework are implemented. However, in the alternative scenarios of SSP3, characterized by regional competition, and SSP4, characterized by heightened inequality and competition, oil prices are anticipated to rise to $100 per barrel. In the context of the SSP5 scenario, which posits a path of economic and social development reliant on the consumption of fossil fuels, the price of oil displays a declining pattern after a period of relatively higher prices. The peak oil prices within the Intergovernmental Panel on Climate Change (IPCC) scenarios exhibit significant variation based on their Representative Concentration Pathways (RCPs). [ABSTRACT FROM AUTHOR]

Published
2024
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7. Oil Demand and Stocks.

Subjects
PETROLEUM, DIESEL fuels, GASOLINE, OIL transfer operations, COUNTIES
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2024
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8. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2024
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9. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2024
Full Text
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10. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2024
Full Text
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11. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
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12. The Influence of OPEC+ on Oil Prices: A Quantitative Assessment.

Author

Quint, Dominic and Venditti, Fabrizio

Subjects
*PETROLEUM sales & prices, *PRODUCTION losses, *PRICE wars, *SHALE oils, *COUNTERFACTUALS (Logic)
Abstract

Since 2017, a new coalition of oil producers led by OPEC and Russia (known as OPEC+) implemented production cuts to limit downward pressure on crude prices. The Covid-19 shock led to a temporary collapse of this coalition and to a price war among OPEC+ members, which contributed to the oil price slump that had originally been caused by widespread containment measures. As the oil market balance seems to crucially hinge on the stability of this coalition, we draw on the 2017--2020 experience to assess the effectiveness of OPEC+ in sustaining oil prices. Using a counterfactual analysis based on two complementary structural vector autoregression (SVAR) models, we find that the impact of OPEC+ on the price of oil was small, owing to significant deviations of oil producers from their assigned quotas. On average, without the OPEC+ cuts, the oil price would have been 6 percent (4 USD) lower than observed. [ABSTRACT FROM AUTHOR]

Published
2023
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13. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
Full Text
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14. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
Full Text
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15. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
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16. The influence from a demand perspective with real economic activity: China versus the United States in world oil markets

Author

Jamie Cross, Bao H. Nguyen, and Bo Zhang

Subjects
China, oil demand, oil markets, real economic activity, US, Renewable energy sources, TJ807-830, Production of electric energy or power. Powerplants. Central stations, TK1001-1841
Abstract

Abstract In this paper, we provide direct evidence for an increasingly critical role of China in the world oil markets. Specifically, our empirical results confirm that the influence of China's oil demand on the oil price of the world has increased over time and surpassed that of the United States. The contribution of demand perspective from China are formally quantified by three key variables of world oil market, which are world oil production, real economic activity and the real price of crude oil. The impact of oil demand from China is used to compared with those from other oil markets, including shocks from the United States. We also construct suitable proxies that reflect real economic activity from these economies, and identify them via a structural vector autoregressive model to disentangle the influence of oil demand from China, the United States and the rest of the world. Our results confirm the finding of recent research, which is the increasing demand for oil from developing countries has become a key driver of the price of oil.

Published
2022
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18. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
Full Text
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19. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
Full Text
View/download PDF

20. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
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21. Disaggregated crude oil prices and stock market behaviour in Nigeria: Evidence from sectorial analysis

Author

Titus Ojeyinka and Anthonia Emoshokemhe Aliemhe

Subjects
All Share Index, sectoral returns, oil supply, oil demand, oil specific demand, Economic growth, development, planning, HD72-88, Regional economics. Space in economics, HT388
Abstract

Purpose ― This study differs from previous studies by examining the impact of oil price components, namely oil demand, global oil supply, and oil market-specific demand, on the stock returns of five sectors (Banking, Consumer goods, Industrial, Insurance, and Oil and Gas) listed on the Nigerian Stock Exchange. Design/Method/Approach ― The study employs the Autoregressive Distributed Lag (ARDL) model on monthly data between January 2000 and December 2019. Findings ― The paper finds evidence of a long-run relationship between sectoral market returns and oil price changes in Nigeria. Further evidence from the study reveals that oil-specific demand and global oil demand have positive and significant effects on the aggregate stock returns and the returns of the sampled sectors. On the other hand, the impact of the global oil supply is inconsequential on the aggregate stock returns and sectoral returns except for the Oil and Gas sector, where the effect of global oil production is positive and significant. Implication ― The study concludes that stock market returns in Nigeria are sensitive and vulnerable to changes in demand-side components of oil price. The study also highlights important policy implications to enhance the performance of the Nigerian stock market. Originality/Value ― The paper examines the impact of disaggregated oil prices on sectoral returns of the five listed sectors on the Nigerian Stock Exchange, which has not been explored in the literature.

Published
2023
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22. Disaggregated crude oil prices and stock market behaviour in Nigeria: Evidence from sectorial analysis.

Author

Ojeyinka, Titus Ayobami and Aliemhe, Anthonia Emoshokemhe

Subjects
PETROLEUM sales & prices, RATE of return on stocks, DISTRIBUTED lags (Economics), PETROLEUM production
Abstract

Purpose: This study differs from previous studies by examining the impact of oil price components, namely oil demand, global oil supply, and oil market-specific demand, on the stock returns of five sectors (Banking, Consumer goods, Industrial, Insurance, and Oil and Gas) listed on the Nigerian Stock Exchange. Design/Method/Approach: The study employs the Autoregressive Distributed Lag (ARDL) model on monthly data between January 2000 and December 2019. Findings: The paper finds evidence of a long-run relationship between sectoral market returns and oil price changes in Nigeria. Further evidence from the study reveals that oil-specific demand and global oil demand have positive and significant effects on the aggregate stock returns and the returns of the sampled sectors. On the other hand, the impact of the global oil supply is inconsequential on the aggregate stock returns and sectoral returns except for the Oil and Gas sector, where the effect of global oil production is positive and significant. Implication: The study concludes that stock market returns in Nigeria are sensitive and vulnerable to changes in demand-side components of oil price. The study also highlights important policy implications to enhance the performance of the Nigerian stock market. Originality/Value: The paper examines the impact of disaggregated oil prices on sectoral returns of the five listed sectors on the Nigerian Stock Exchange, which has not been explored in the literature. [ABSTRACT FROM AUTHOR]

Published
2023
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23. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
Full Text
View/download PDF

24. Oil Demand and Stocks.

Subjects
PETROLEUM
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
Full Text
View/download PDF

25. Oil Demand and Stocks.

Subjects
PETROLEUM
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
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26. An Optimized Gradient Boosting Model by Genetic Algorithm for Forecasting Crude Oil Production.

Author

Alkhammash, Eman H.

Subjects
*GENETIC algorithms, *GENETIC models, *PETROLEUM sales & prices, *PETROLEUM industry, *PETROLEUM prospecting, *FLOOD warning systems, *PETROLEUM, *RAILROAD accidents
Abstract

The forecasting of crude oil production is essential to economic plans and decision-making in the oil and gas industry. Several techniques have been applied to forecast crude oil production. Artificial Intelligence (AI)-based techniques are promising that have been applied successfully to several sectors and are capable of being applied to different stages of oil exploration and production. However, there is still more work to be done in the oil sector. This paper proposes an optimized gradient boosting (GB) model by genetic algorithm (GA) called GA-GB for forecasting crude oil production. The proposed optimized model was applied to forecast crude oil in several countries, including the top producers and others with less production. The GA-GB model of crude oil forecasting was successfully developed, trained, and tested to provide excellent forecasting of crude oil production. The proposed GA-GB model has been applied to forecast crude oil production and has also been applied to oil price and oil demand, and the experiment of the proposed optimized model shows good results. In the experiment, three different actual datasets are used: crude oil production (OProd), crude oil price (OPrice), and oil demand (OD) acquired from various sources. The GA-GB model outperforms five regression models, including the Bagging regressor, KNN regressor, MLP regressor, RF regressor, and Lasso regressor. [ABSTRACT FROM AUTHOR]

Published
2022
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27. Demand for ‘advantaged’ hydrocarbons during the 21st century energy transition

Author

Andrew Davies and Michael D. Simmons

Subjects
Advantaged hydrocarbons, Oil demand, Gas demand, Energy transition, Carbon capture, Electrical engineering. Electronics. Nuclear engineering, TK1-9971
Abstract

At present, crude oil and natural gas comprise ∼54.3% of the global energy supply. Rapidly replacing this with lower carbon sources is challenging, resulting in oil and gas forming a significant part of the energy mix in future predictions, even in scenarios that strive to meet the goals of the Paris Agreement. To assess the likely future demand, an analysis of multiple, recently published, rapid energy transition scenarios was conducted, indicating that 943.3 Bbbl of oil and 4,733.5 Tcf of gas will be required in the next three decades. Furthermore, analysis of different supply estimates indicates that 357.1–284.1 Bbbl of oil and 2,274.6–2,170.2 Tcf of gas will need to be found to complement existing recoverable reserves. To meet this demand will require the exploration and production of low carbon intensity ‘advantaged hydrocarbons’, combined with significant carbon sequestration activity. As hydrocarbon recovery becomes more difficult and energy intensive with time, it may be preferable to replace some existing ‘disadvantaged’ fields with new ‘advantaged’ hydrocarbons, implying the supply gap may be underestimated. Energy strategy at a national and global level must account for the large demand for hydrocarbons in coming decades and exploration and production companies need to align with the advantaged hydrocarbon paradigm. Stimulus is required to realise the carbon capture and storage capacity required to mitigate the consequences of the ongoing reliance on fossil fuels.

Published
2021
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28. Oil Demand and Stocks.

Subjects
PETROLEUM
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
Full Text
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29. Oil Demand and Stocks.

Subjects
PETROLEUM
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2023
Full Text
View/download PDF

30. Oil Demand and Stocks.

Subjects
PETROLEUM
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
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31. Oil Demand and Stocks.

Subjects
PETROLEUM
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

32. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE, PETROLEUM products
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

33. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE, PETROLEUM products
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
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34. SOCIOECONOMIC REPERCUSSIONS OF BIOHAZARD ON GEOSCIENTIFIC ACTIVITIES WITH REGRESSION ANALYSIS FOR OIL DEMAND: IMPACT OF PANDEMIC COVID-19.

Author

Jamil, Muhammad, Usman, Muhammad, and Ahmad, Nisar

Subjects
SOCIOECONOMICS, HAZARDOUS substances, GEOLOGY, COVID-19 pandemic, PETROLEUM industry
Abstract

The Coronavirus epidemic has a long-term impact on geosciences' interests and has important consequences for the socio-economic front. This paper aims to discuss the alterations in geoscience's academic and industry operations because of this pandemic spread and its ramifications on global oil demand and its socio-economic consequences. The coronavirus outbreak could be the most defining event for the socio-economic incident of this decade. It has profound consequences on the industry, community, corporations, the environment, and governments. Coronavirus is a type of biohazard that has adversely affected all the fields of science, including geosciences. The online methodologies suspend or replace the teaching, research, training, and lab activities. International geoscience conferences, seminars, student education weeks, and geological fieldwork are delayed or postponed. In the oil, mining, and geotechnical industries, more than 90% of field operations are delayed to remain safe from a pandemic disease. Oil prices slashed to more than 20% in a single day, the lowest in three decades. Low demand for some mining and mineral goods also reduces their market prices to about 10% or more. Geotechnical projects related to the establishment of emergency health units were done at a rapid pace. In contrast, other infrastructure projects were put to a halt to decrease the human impact and mitigate the epidemic's extension. The socio-economic implications are discussed with the oil market, traveling and aviation, and services and industry sector. Oil industry contracts due to reduced factory production, which hampered the industry and the economy. In comparison, the p-value of the oil market is below 0.05, and this analysis shows a negative regression coefficient. Owing to lower economic operations and reduced demand, manufacturing and services have also been affected. Consequently, all these sectors resulted in huge employee layoffs, work-at-home trends, delays in construction and infrastructure projects, and reduced social interaction. However, this pandemic encourages us to pursue more creative virtual and online platforms for academic and industry activities by teaching artificial intelligence and advanced technological solutions. [ABSTRACT FROM AUTHOR]

Published
2022

35. Brent–Dubai oil spread: Basic drivers.

Author

Yuksel Haliloglu, Ebru, Sahin, Serkan, and Berument, M. Hakan

Subjects
PETROLEUM, KALMAN filtering, EUROZONE, PETROLEUM sales & prices, GROWTH rate, INTERNATIONAL trade
Abstract

This study aims to assess and quantify the effects of potential economic drivers on the Brent–Dubai price spread using the time-dependent Kalman filtering technique. To understand the pricing mechanism of crude oils, it is necessary to distinguish the driving forces of the world oil market. The Brent–Dubai price spread is selected as a global indicator representing trends in world oil trade and global economic activities. The estimates suggest that the global economic activities represented by the world trade index, world oil demand, world steel production, the number of world airline passengers and regional dynamics proxied by the growth rate of China over the US and the Euro Area have explanatory power on the Brent–Dubai spread. [ABSTRACT FROM AUTHOR]

Published
2021
Full Text
View/download PDF

36. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE, PETROLEUM products
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

37. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE, PETROLEUM products
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

38. Oil Demand and Stocks.

Subjects
PETROLEUM, GASOLINE, PETROLEUM products
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

39. An Optimized Gradient Boosting Model by Genetic Algorithm for Forecasting Crude Oil Production

Author

Eman H. Alkhammash

Subjects
gradient boosting model, genetic algorithm, oil production, oil price, oil demand, Technology
Abstract

The forecasting of crude oil production is essential to economic plans and decision-making in the oil and gas industry. Several techniques have been applied to forecast crude oil production. Artificial Intelligence (AI)-based techniques are promising that have been applied successfully to several sectors and are capable of being applied to different stages of oil exploration and production. However, there is still more work to be done in the oil sector. This paper proposes an optimized gradient boosting (GB) model by genetic algorithm (GA) called GA-GB for forecasting crude oil production. The proposed optimized model was applied to forecast crude oil in several countries, including the top producers and others with less production. The GA-GB model of crude oil forecasting was successfully developed, trained, and tested to provide excellent forecasting of crude oil production. The proposed GA-GB model has been applied to forecast crude oil production and has also been applied to oil price and oil demand, and the experiment of the proposed optimized model shows good results. In the experiment, three different actual datasets are used: crude oil production (OProd), crude oil price (OPrice), and oil demand (OD) acquired from various sources. The GA-GB model outperforms five regression models, including the Bagging regressor, KNN regressor, MLP regressor, RF regressor, and Lasso regressor.

Published
2022
Full Text
View/download PDF

40. Oil Demand and Stocks.

Subjects
GASOLINE, PETROLEUM, COUNTIES
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

41. Oil Demand and Stocks.

Subjects
GASOLINE, PETROLEUM, COUNTIES
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

42. Oil Demand and Stocks.

Subjects
GASOLINE, PETROLEUM, COUNTIES
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

43. Oil Demand and Stocks.

Subjects
GASOLINE, PETROLEUM, COUNTIES
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

44. Oil Demand and Stocks.

Subjects
GASOLINE, PETROLEUM, COUNTIES
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2022
Full Text
View/download PDF

45. Oil Demand and Stocks.

Subjects
GASOLINE, PETROLEUM, COUNTIES
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2021
Full Text
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46. Forecasting Oil Demand with the Development of Comprehensive Tourism.

Author

Huang, Yanrong, Li, Shuaihao, Wang, Rui, Zhao, Zhijiang, Huang, Bin, Wei, Bo, and Zhu, Guangming

Subjects
*DEMAND forecasting, *COVID-19 pandemic, *DOMESTIC tourism, *ELECTRIC power consumption, *OIL consumption, *PETROLEUM
Abstract

The prediction of oil demand is an important issue related to national energy security and economic development. With the COVID-19 outbreak, the international oil price fluctuates sharply, and oil consumption growth slows down. Therefore, accurate prediction of oil demand plays an important practical and theoretical role. In this paper, in accordance with the Chinese state policy stimulation of domestic demand for energy resources, we have selected 15 major factors and analyzed their influence on the domestic oil demand from the perspective of comprehensive tourism analysis. Based on the data analysis of oil consumption from 2000 to 2018, four neutral network methods are used to predict the influence of selected factors on oil consumption demand of China. The experimental results show that the best correlation is obtained between domestic tourism revenue and total tourism expenditure factors and oil demand, and the Layer Recurrent Neutral Network method has high prediction accuracy, stronger stability, and the best performance. [ABSTRACT FROM AUTHOR]

Published
2021
Full Text
View/download PDF

47. Oil Demand and Stocks.

Subjects
GASOLINE, PETROLEUM
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2021
Full Text
View/download PDF

48. Oil Demand and Stocks.

Subjects
GASOLINE, PETROLEUM
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2021
Full Text
View/download PDF

49. Oil Demand and Stocks.

Subjects
GASOLINE, PETROLEUM, COUNTIES
Abstract

Current data of world oil demand. This includes international bunkers and refinery fuel. Updated on a monthly basis. Current data of oil demand from counties such as Canada, the United States of America, Japan, OECD Europe, Belgium, France, Germany, Italy, Netherlands, Spain, Sweden, the United Kingdom, Australia, Mexico, Republic of Korea, and Turkey. Updated on a monthly basis. Current data for crude oil and refined product stocks in Canada, Chile, Mexico, the United States (Western Hemisphere), France, Germany, Italy, Netherlands, Spain, the United Kingdom and Other Europe (Europe), Japan, Republic of Korea, Other Pacific (Asia‐Pacific), and Total OECD (Table 12.1) Current data for refined product stocks in the OECD Western Hemisphere, OECD Europe, OECD Asia‐Pacific and Total OECD. Products include gasoline, diesel and gasoil, and heavy fuel oil. Updated on a monthly basis (Table 12.2). [ABSTRACT FROM AUTHOR]

Published
2021
Full Text
View/download PDF

50. Inflection point: The future of subcontracting in the petroleum industry

Author

Jose Carlos VI Cortez Tupaz

Subjects
Fossil fuel, Oil price, Oil supply, Oil demand, Peak oil, Subcontracting, Transportation and communications, HE1-9990
Abstract

Oil prices have been in the downtrend since the recession of 2008. Since then, companies have struggled to survive as factors of production are being driven by external influences. International efforts to create a sustainable environment further intricates the supply and demand curve as countries develop policies and strategies to phase out fossil fuels. There has been a myriad of researches conducted by both public and private organisations that seem to agree and disagree on certain factors of a peak oil forecast. There is lack of research however, on finding common ground to determine the central tendencies if multiple predictions are accounted, which creates bias in decision making. The findings of this research provide a practical outlook for businesses and governments to better position their financial and policy decisions with regard to fossil fuels which could affect the lives of many. This research uses a novel prediction combination approach to determine an earliest-case peak oil occurrence through qualitative and quantitative methods for bias minimisation. The predictions are sourced from a balance of reputable private and public international agencies. The result interestingly finds commonality of reaching an earliest-case of peak oil in the year 2025 with feasible factors considered. The research discusses the inflection point forecast and financial risk mitigation recommendations for private entities and governments gathered from expert reports and articles in the field of oil supply and demand.

Published
2020
Full Text
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