A Structural Model of the Global Oil Market

A Structural Model of the World Oil Market:

Keywords: Oil price; crude oil market; supply; demand; inventories; production capacity; OPEC; shale oil; oil production; economic activity; oil ...

A Structural Model of the Global Oil Market - Bank of Canada

Several examples illustrate the model's usefulness for conditional forecasts of oil market variables under different scenarios for global GDP growth and oil.

A Structural Model of the World Oil Market:

Just a few years ago, it was commonly believed that all major oil price shocks could be attributed to oil supply disruptions triggered by ...

The World Oil Market and OPEC: A Structural Econometric Model

We model the petroleum industry as a dynamic game because petroleum producers con- sider not only future market conditions but also their competitors' ...

A Structural Model of the Global Oil Market - Bank of Canada

This note presents a structural vector autoregressive (SVAR) model of the global oil market. The model identifies four types of shocks with different economic ...

A Structural Model of the Global Oil Market - IDEAS/RePEc

Abstract. This note presents a structural vector autoregressive (SVAR) model of the global oil market. The model identifies four types of shocks with different ...

A structural model of the global oil market / by Reinhard Ellwanger.

"This note presents a structural vector autoregressive (SVAR) model of the global oil market. The model identifies four types of shocks with different economic ...

The Econometrics of Oil Market VAR Models

E-mail: [email protected]. Page 2. 1. 1. Introduction. In the last decade, structural vector autoregressive (VAR) models of the global oil ...

The shift in global crude oil market structure: A model-based ...

The model consists of a total of 86 nodes made up of 43 production nodes, 34 consumption nodes as well as 9 straits and choke points which play a key role in ...

A model of the world oil market with an OPEC cartel - ScienceDirect

A world oil market model (WOM) with OPEC treated as a Stackelberg cartel has been developed within the framework of the Generalized Equilibrium Modeling System ...

A World Equilibrium Model of the Oil Market | NBER

We use new, comprehensive micro data on oil fields to build and estimate a structural model of the oil industry embedded in a general equilibrium model of the ...

A World Equilibrium Model of the Oil Market

Our modeling of production and investment in the oil industry relies heavily on a new proprietary data set compiled by Rystad Energy that con- tains information ...

World Equilibrium Model of the Oil Market - Oxford Academic

In the model, firms that belong to Organization of the Petroleum Exporting Countries (OPEC) act as a cartel. The remaining firms are a competitive fringe. We ...

A weekly structural VAR model of the US crude oil market - EconStor

Our model incorporates both the futures-spot price spread to capture shocks to the real price of crude oil driven by changes in expectations and ...

Refining the Workhorse Oil Market Model

Kilian and Murphy (2014) introduced a structural vector autoregressive (VAR) model of the global oil market that for the first time explicitly ...

A Weekly Structural VAR Model of the US Crude Oil Market

We present a weekly structural Vector Autoregressive (VAR) model of the US crude oil market. Exploiting weekly data we can explain short-run ...

The Shift in Global Crude Oil Market Structure: A model-base

To this end, we develop a partial equilibrium model with a spatial structure for the global crude oil market and simulate the market for the period between 2013 ...

Econometric Modeling of the World Oil Market as a Dynamic Game

accounted for in empirical analyses of the world oil market. Keywords: structural econometric model; dynamic game; world oil market; petroleum production ...

Facts and Fiction in Oil Market Modeling

Keywords: Elasticity, structural VAR, Bayesian inference, oil price, global real activity, oil inventories. *. Acknowledgments: The views ...

The Structure of the Oil Market and Causes of High Prices

On the supply side, the main players in the crude oil market are OPEC—which currently provides about 40 percent of world supply and holds about ...