The impact of the Iran-Iraq war on the world oil market

Energy ◽  
1986 ◽  
Vol 11 (4-5) ◽  
pp. 409-411 ◽  
Author(s):  
Hossein Tahmassebi
Keyword(s):  
Iraq War ◽  
Oil Market ◽  
The World ◽  
The Impact

scholarly journals ТНЕ WORLD OIL MARKET: THE SEARCH FOR BALANCE IN THE NEW "OIL" REALITY

2016 ◽  
pp. 115-124
Author(s):  
T. A. Malova ◽  
V. I. Sisoeva
Keyword(s):  
Price Volatility ◽  
Future Market ◽  
Oil Market ◽  
The World ◽  
Competitive Relations ◽  
The Face ◽  
The Usa ◽  
Analysis Of Dynamics ◽  
State Of Research ◽  
The Impact

The article provides an analysis of change of the world oil market in the face of new "oil" reality. Factors of formation of new "oil" reality in the global world defined. Scientific background and current state of research of the problem are described. It is shownthat in the Russian and foreign literature the considerable attention is paid to the analysis of dynamics of the quantitative variables characterizing fluctuations and shocks in the oil market. At the same time the search for balance in the new "oil" reality are not considerably investigated yet. The proposed approach allows toreveal the substance of the transformation of the world oil market, to assess the changes in the oil market with the development of rhenium in terms of efficiency and functioning of the mechanism, the prospects of price volatility in the oil market. The main directions of transformation of the oil market are follows. Development of a subject basis of the oil market due to changes of a role of the main market players whose structure includes the USA, Saudi Arabia, Russia now. The impact of regulatory factors complex in the oil market towards equilibrium, which include activity of OPEC, supply of shale oil, future market,activity of the uniform regulator and national regulators. Transformation of the oil market in the direction of perfection of the competitive relations, achievement of optimum market balance as a result of coordination and interaction of interests of participants of the global oil market.

scholarly journals The fluctuations in oil prices in the OPEC countries and the impact on the world oil market

2017 ◽  
pp. 4-8
Author(s):  
Zarina Stepanovna Akhlatyan ◽  
◽  
Natalia Vladimirovna Buryanova ◽  
Keyword(s):  
Oil Prices ◽  
Oil Market ◽  
The World ◽  
The Impact

scholarly journals Commercial production of oil from oil shale and possible changes in the world oil market configuration

2012 ◽  
pp. 125-131
Author(s):  
T. V. Polyakova
Keyword(s):  
North America ◽  
Oil Shale ◽  
Oil Production ◽  
Commercial Production ◽  
Shale Oil ◽  
Oil Market ◽  
Global Center ◽  
The World ◽  
The Impact ◽  
Commercial Oil

The world oil market is changing rapidly, there rises a new global center of world oil production – North America, which production opportunities are estimated by experts as outperforming those of Middle East. This is made possible thanks to inception of commercial oil production from oil shale in North America. The article deals with the problems and prospects of the development of shale oil in the U.S. and the impact of the growth of its production on the configuration of the world oil market.

scholarly journals Coronavirus hits former-Soviet countries

2020 ◽  
Vol 7 (1) ◽  
pp. 8-17 ◽  
Author(s):  
S. S. Zhiltsov
Keyword(s):  
Negative Impact ◽  
The United States ◽  
Incidence Rates ◽  
Sharp Drop ◽  
Oil Market ◽  
Transport Services ◽  
The World ◽  
Soviet Space ◽  
The Impact ◽  
Post Soviet Space

The year of 2020 started a new chapter in the development of former-Soviet countries. The coronavirus epidemic, which began in the Chinese city of Wuhan, has spread to affect all countries throughout the world, including the countries of the former Soviet Union. Its influence has already affected the economic and social development of the countries in the post-Soviet space. Closing borders, stopping tourism, and imposing severe restrictions on transport services were the first measures that contributed to reducing the incidence rates. At the same time, these measures affected bilateral and multilateral trade and economic relations among the countries of the post-Soviet space.All countries of the post-Soviet space have taken steps to allocate additional funds to combat coronavirus. Ad hoc funds were formed, the review of budget expenditures and revenues began. However, in fact in the first few months the countries faced economic distress, the overcoming of which could take considerable time.The coronavirus epidemic is taking place against the backdrop of global economic crisis and a sharp drop in oil prices. Economic development models based on increasing consumption without economic growth, increasing the level of external and internal debt have shown their insolvency. In these conditions, the countries of the post-Soviet space, which are highly dependent on the external factor, have also experienced significant economic hardships.Finally, the «price warfare» in the oil market has a strong influence. The United States and Saudi Arabia’s attempts to achieve dominance in the oil market, by displacing Russia from it, as well, have had a destabilizing impact on the world oil market. This factor has had a direct impact on those former-Soviet countries that produce and export hydrocarbon resources.In general, the coronavirus epidemic, taking place against the backdrop of global economic challenges and oil competition, will have a negative impact on the economic and political development of former-Soviet countries. The impact of the epidemic, its consequences, will affect the former-Soviet countries for many years to come.

scholarly journals Taliban takeover: Charlotte Bellis faces perils outside ‘enemy territory’

2021 ◽  
Vol 27 (1and2) ◽  
pp. 41-46
Author(s):  
Gavin Ellis
Keyword(s):  
New Zealand ◽  
Iraq War ◽  
Abu Ghraib ◽  
Milk Formula ◽  
Pulitzer Prize ◽  
Al Jazeera ◽  
Infant Milk Formula ◽  
The World ◽  
The Impact ◽  
Al Jazeera English

New Zealand-born Pulitzer Prize-winning journalist Peter Arnett was one of a handful of journalists allowed to stay in Baghdad as the American offensive against Iraq began in 1991. Reporting first from the rooftop of the Al-Rashid Hotel, he chronicled—quite literally – the impact of the bombing campaign. But on Day Four he was taken to a bombed-out building in a suburb that was then an infant milk formula factory would later gain notoriety thanks to investigative reporter Seymour Hersh—Abu Ghraib. His report was accurate. In 2003, Arnett was once again in ‘enemy territory’ and (by his own later admission, unwisely) gave an interview to Iraqi television during the Second Iraq War. In the interview, he stated that the civilian casualties inflicted by the Coalition forces were counterproductive. In August 2021, it was the turn of another New Zealand journalist, Charlotte Bellis reporting for Al Jazeera English, to tell us what she sees. And much of the world has now seen her. The author examines the pitfalls that she may face.

THE IMPACT OF ENERGY WARS AND GEOPOLITICS ON EXCHANGE RATES AND THE PRICE OF OIL: THE ERA OF THE COVID-19 PANDEMIC

2020 ◽  
pp. 64-71
Author(s):  
M.N. Dudin ◽  
◽  
N.V. Lyasnikov ◽  
A.N. Bryntsev ◽  
◽  
...  
Keyword(s):  
Exchange Rates ◽  
Global Economy ◽  
Supply And Demand ◽  
Oil Prices ◽  
Factors Affecting ◽  
Macroeconomic Conditions ◽  
Oil Market ◽  
The World ◽  
The Cost ◽  
The Impact

Oil will remain the single largest energy source in the world for the foreseeable future, and a balance must be struck between global supply and demand. A serious malfunction of only one large oil producer can lead to a significant change in oil prices and the recession of the entire global economy. The aim of the article is to study the theoretical and empirical aspects of the mutual causality of oil prices and exchange rates, as well as to determine their influence on the development of the world economy. Methodology of the article. To complete this article, a comparative, economic and statistical analysis was used. Results. The article proves that the oil market is more inherent in a tendency towards regionalization rather than globalization. Factors affecting this process include macroeconomic conditions, the balance of supply and demand, the transformation of the regulatory component, changes in the cost structure and the significant influence of geopolitical components. The article justifies the fact that there is a certain strong direct connection between oil prices and exchange rates, but it is influenced by various geopolitical factors (for example, sanctions). Only 4% of the cost of oil is included in the price of gasoline, so when the price of oil falls, the price of gasoline does not decrease. Conclusions. A characteristic feature of the relationship between oil prices and exchange rates is the presence of bilateral mutual causality. Fluctuations in the dynamics of the oil industry are changing the roles of traditional and new suppliers. The oil market environment, which is a key commodity of our time, has a significant impact on world currencies.

scholarly journals Macroeconomic analysis and forecasting of the impact of energy wars and geopolitics on currency rates and oil prices

2020 ◽  
pp. 7-20
Author(s):  
Alexander N. Bryntsev ◽  
Keyword(s):  
Exchange Rates ◽  
World Economy ◽  
Supply And Demand ◽  
Oil Prices ◽  
Close Correlation ◽  
Oil Market ◽  
Macroeconomic Analysis ◽  
Oil Markets ◽  
The World ◽  
The Impact

Subject/topic. In modern conditions, it is advisable to consider geopolitics through the prism of hybrid wars, when the theaters of war have moved from the ocean and land to the world financial and commodity markets. There is a close correlation be-tween changes in exchange rates and the price of oil on the results of energy wars. The aim of the article is to study the theoretical and empirical aspects of the impact of energy wars and geopolitics on the formation of oil prices and the dynamics of currency rates in modern conditions, as well as determining their vector of influence on the development of the world economy as a whole. Methodology of the article. To complete this article, a comparative and economic-statistical analysis was used. Results. The article shows that in the context of globalization of the world economy, there is a deep correlation between changes in currency rates and the price of oil and the consequences of energy wars, on the one hand, and on the other, currency rates and oil prices are the tools for geopolitics in achieving their goals. In addition, there is a fairly strong direct link between oil prices and exchange rates. Factors affecting the formation of the currency exchange and oil markets are sometimes artificial in nature by influencing appropriate macroeconomic conditions, for example, changing the balance of supply and demand. Findings. A macroeconomic analysis of the nature of the relationship between the dynamics of oil prices and currency fluctuations reveals the geopolitical interests of the main players in the oil market, indicating its redistribution. The stage of ousting Russia from the Chinese oil market with dumping prices began, not only with supplies from Saudi Arabia, but also with the active participation of the former partners of Iran and Venezuela, which themselves were under sanctions. The budget of these countries directly depends on oil imports. It is the force majeure circumstances that force them to abandon further partnership with Russia and become independent players in the Chinese hydrocarbon market.

scholarly journals Forecasting major impacts of COVID-19 pandemic on country-driven sectors: challenges, lessons, and future roadmap

2021 ◽  
Author(s):  
Saket Kumar ◽  
Rajkumar Viral ◽  
Vikas Deep ◽  
Purushottam Sharma ◽  
Manoj Kumar ◽  
...  
Keyword(s):  
Mortality Rate ◽  
Driving Forces ◽  
Direct Link ◽  
Profound Impact ◽  
Oil Market ◽  
The World ◽  
Entire World ◽  
Using Data ◽  
Power And Energy ◽  
The Impact

AbstractThe pandemic caused by the coronavirus disease 2019 (COVID-19) has produced a global health calamity that has a profound impact on the way of perceiving the world and everyday lives. This has appeared as the greatest threat of the time for the entire world in terms of its impact on human mortality rate and many other societal fronts or driving forces whose estimations are yet to be known. Therefore, this study focuses on the most crucial sectors that are severely impacted due to the COVID-19 pandemic, in particular reference to India. Considered based on their direct link to a country’s overall economy, these sectors include economic and financial, educational, healthcare, industrial, power and energy, oil market, employment, and environment. Based on available data about the pandemic and the above-mentioned sectors, as well as forecasted data about COVID-19 spreading, four inclusive mathematical models, namely—exponential smoothing, linear regression, Holt, and Winters, are used to analyse the gravity of the impacts due to this COVID-19 outbreak which is also graphically visualized. All the models are tested using data such as COVID-19 infection rate, number of daily cases and deaths, GDP of India, and unemployment. Comparing the obtained results, the best prediction model is presented. This study aims to evaluate the impact of this pandemic on country-driven sectors and recommends some strategies to lessen these impacts on a country’s economy.

Exploring the World Trade Organisation's Trade and Environment/Public Health Jurisprudence as a Model for Incorporating a Trade–Labour Linkage into the Organisation's Multilateral Trade Regime: Should African Countries Accept a Policy Shift?

2017 ◽  
Vol 25 (1) ◽  
pp. 47-65
Author(s):  
Tapiwa V. Warikandwa ◽  
Patrick C. Osode
Keyword(s):  
Public Health ◽  
Developing Countries ◽  
World Trade ◽  
African Countries ◽  
Trade Regime ◽  
Multilateral Trade ◽  
Appellate Body ◽  
The World ◽  
Labour Standards ◽  
The Impact

The incorporation of a trade-labour (standards) linkage into the multilateral trade regime of the World Trade Organisation (WTO) has been persistently opposed by developing countries, including those in Africa, on the grounds that it has the potential to weaken their competitive advantage. For that reason, low levels of compliance with core labour standards have been viewed as acceptable by African countries. However, with the impact of WTO agreements growing increasingly broader and deeper for the weaker and vulnerable economies of developing countries, the jurisprudence developed by the WTO Panels and Appellate Body regarding a trade-environment/public health linkage has the potential to address the concerns of developing countries regarding the potential negative effects of a trade-labour linkage. This article argues that the pertinent WTO Panel and Appellate Body decisions could advance the prospects of establishing a linkage of global trade participation to labour standards without any harm befalling developing countries.

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