Hungary’s cap on fuel prices should ease inflation

2021 ◽  
Keyword(s):  
Content Type ◽  
Fuel Prices

Headline HUNGARY: Cap on fuel prices should ease inflation

scholarly journals Are the new fuel-efficient bulkers a threat to the old fleet?

2017 ◽  
Vol 2 (3) ◽  
pp. 224-246 ◽  
Author(s):  
Jeroen Pruyn
Keyword(s):  
Design Methodology ◽  
Fuel Efficiency ◽  
Content Type ◽  
Business Opportunity ◽  
Fuel Prices ◽  
Delivery Times ◽  
Low Emission ◽  
Large Fluctuations ◽  
History Of ◽  
Energy Efficiency Design Index

Purpose The purpose of this paper is to investigate whether the headlined eco-bulkers ordered in 2012 and 2013 are posing a threat to the less-efficient ships ordered at the end of the boom in 2008 and 2009. Design/methodology/approach This paper will first investigate the drivers for the interest in such low-emission, low-speed bulker as well as the more general history of bulker designs. This is followed by a study on the vessels delivered between 2005 and 2014, based on eight parameters representing fuel efficiency, speed and hydromechanics properties. Within these results, evidence is sought for a significant change in the qualities of the vessels delivered after the last boom. Findings The data showed that at least till present, no significant changes could be discovered between 2014 and the earlier years. This indicates that either because of the long delivery times at the end of the boom, such vessels are still to be delivered, or that they were not ordered in an amount large enough to change the trend. For the future, this fact and the changes in vessel design resulting from the introduction of the energy efficiency design index (EEDI) in 2017 and the large fluctuations in the fuel prices will be interesting to keep monitoring the developments in the eight studied parameters. Originality/value This paper extends (in time) and improves (number of variables studied) a number of earlier studies on average qualities of the world fleet. It studies both the composition and the changes in average properties of the ships produced each year. It allowed the author to discover and explain the trends that would not have been evident when studying ships as single units or as the result of a business opportunity optimisation. Most important of which is the fact that, on average, ships produced are optimised for the current economic conditions and are not taken into consideration for future trends and scenarios.

Impact of fossil fuel prices on electricity prices in Mexico

2019 ◽  
Vol 46 (2) ◽  
pp. 356-371 ◽  
Author(s):  
Bruno Bernal ◽  
Juan Carlos Molero ◽  
Fernando Perez De Gracia
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Fossil Fuel ◽  
Positive Impact ◽  
Electricity Price ◽  
Electricity Prices ◽  
Content Type ◽  
Fuel Prices ◽  
Electricity Rates ◽  
Domestic Electricity

Purpose The purpose of this paper is to examine the impact of fossil fuel prices – crude oil, natural gas and coal – on different electricity prices in Mexico. The use of alternative variables for electricity price helps to increase the robustness of the analysis in comparison to previous empirical studies. Design/methodology/approach The authors use an unrestricted vector autoregressive model and the sample covers the period January 2006 to January 2016. Findings Empirical findings suggest that crude oil, natural gas and coal prices have a significant positive impact on electricity prices – domestic electricity rates – in Mexico in the short run. Furthermore, crude oil and natural gas prices have also a significant positive impact on electricity prices – commercial and industrial electricity rates. Originality/value Two are the main contributions. First, this paper explores the nexus among crude oil, natural gas, coal and electricity prices in Mexico, while previous studies focus on the US, UK and some European economies. Second, instead of using one electricity price as a reference of national or domestic electricity sector, the analysis considers alternative Mexican electricity prices.

US price-driven oil demand growth will fade in 2017

2016 ◽  
Keyword(s):  
Economic Activity ◽  
The United States ◽  
Oil Price ◽  
Major Contributor ◽  
Job Market ◽  
Content Type ◽  
Fuel Prices ◽  
Demand Growth ◽  
The Past ◽  
Oil Demand

Subject US oil demand growth. Significance The oil price collapse from mid-2014 that has caused pain for producers has been a boon to US consumers. With pump prices for gasoline at record lows, US motorists covered 3.186 trillion miles from July 2015 to July this year, smashing the previous record for any previous twelve-month period. This, along with a relatively strong job market and economic growth, has fuelled a resurgence in US oil demand growth after years of post-recession stagnation, and has been a major contributor to the modest price recovery seen over the past six months. Impacts Weaker demand should see a decline in US oil and refined product imports from OPEC and other producers. US refiners may see margins shrink and will look abroad for new customers. However, Latin America is likely to be the most attractive destination for refined product exports from the United States. Weaker demand growth will keep storage levels elevated despite production falls, acting as a drag on US oil and fuel prices. Increases in US freight travel from renewed economic activity will push up diesel prices.

Nigeria eyes refinery push

2015 ◽  
Keyword(s):  
Oil Prices ◽  
The Political ◽  
Political Space ◽  
Content Type ◽  
Fuel Prices ◽  
Refining Capacity ◽  
The Future ◽  
Subsidy Reform

Subject Nigeria's fuel subsidy outlook. Significance The drop in global oil prices should create the space to eliminate fuel subsidy payments, but the naira's 25% depreciation means that complete deregulation could lead to rising fuel prices for users. President Muhammadu Buhari has therefore focused instead on an ambitious strategy to boost domestic refining capacity to loosen fuel importers' grip on the downstream sector. Impacts Concerted subsidy reform will be difficult so long as there is uncertainty over the naira's stability. Headway on corruption could help to create the political space to remove subsidies in the future. Buhari's confirmation that he plans to head the oil ministry could help to create that.

Kazakhstan hopes fuel supply problems will end in 2018

2017 ◽  
Keyword(s):  
Domestic Demand ◽  
Energy Market ◽  
Content Type ◽  
Fuel Supply ◽  
Fuel Prices ◽  
Eurasian Economic Union ◽  
Economic Union ◽  
The Government

Significance Despite its status as a major oil producer, Kazakhstan has struggled to meet domestic demand for refined products since the 1990s. Unprecedented fuel shortages in October and November forced the authorities to import large amounts of petrol and diesel from Russia. Impacts The loans that paid for refinery modernisation will be have to be repaid from retail fuel prices. The absence of a common energy market in the Eurasian Economic Union will complicate price harmonisation. The government believes it can square expanding production with its commitments to the Russian-OPEC output cap.

Sensitivity analysis of using solar cells in regional electricity power supply of off-grid power systems in Iran

2020 ◽  
Vol 18 (6) ◽  
pp. 1849-1866 ◽  
Author(s):  
Mehdi Jahangiri ◽  
Ahmad Haghani ◽  
Shahram Heidarian ◽  
Ali Mostafaeipour ◽  
Heidar Ali Raiesi ◽  
...  
Keyword(s):  
Sensitivity Analysis ◽  
Solar Cells ◽  
Power Systems ◽  
Rural Areas ◽  
Fossil Fuels ◽  
Fuel Price ◽  
Content Type ◽  
Electricity Grid ◽  
Fuel Prices ◽  
Self Sufficiency

Purpose Rural areas are one of the effective regions in economy and self-sufficiency field especially in agricultural and livestock section. Planning in the rural section and the effort in solving the problems of farmers lead to increase their interest in farming and manufacturing in the villages and decrease their migration to the cities and metropolitans. Therefore, the present study aimed at feasibility of electricity to a rural household in Iran using off-grid solar-based hybrid system. Design/methodology/approach In renewable energy projects, a successful evaluation requires suitable criteria so that one can properly analyze the operational behavior of all feasible scenarios. In the present paper, HOMER software has been used for this purpose for a village with no access to electricity grid (Bar Aftab-e Jalaleh, Iran). Due to drastic fluctuation of fossil fuel prices and varied solar radiations in various years because of climate change, sensitivity analysis has been performed using HOMER. Findings In the optimum status economically, 70% of needed energy is provided by solar cells at the price 0.792 $/kWh. The comparison between the optimum condition economically and the condition that only use fossil fuels revealed that the return on investment will occur after less than 2 years and have remained profitable over 23 years. Social implications The authors hope that the results of this study can be used in planning of the authorities to realize the interests of people in this village. Originality/value According to the surveys, despite Iran being the first country in terms of providing solar power to the villages, so far no socio-economic-environmental assessment has been done for a solar cell-based micro-grid in an off-grid mode for a remote village that is deprived of electricity from a national electricity grid. In addition, for the first time in Iran, the effect of the fuel price and solar radiation parameters variability on the performance of system have been investigated.

Sustainability and energy efficiency

2010 ◽  
Vol 40 (1/2) ◽  
pp. 148-158 ◽  
Author(s):  
Remko van Hoek ◽  
Mark Johnson
Keyword(s):  
Public Relations ◽  
Equilibrium Points ◽  
Point Of View ◽  
Special Issue ◽  
Trade Off ◽  
Content Type ◽  
Case Examples ◽  
Fuel Prices ◽  
Trade Offs ◽  
Sustainability Initiatives

PurposeThe purpose of this paper is to attempt to answer the questions posed by the special issue editors using insights from leading academics in the field and case examples drawn from two renowned global companies. It also aims to define potential avenues for further research in the thematic areas covered.Design/methodology/approachThe paper uses a roundtable discussion with the Council for Supply Chain Management Professionals's Education Strategy Committee and case materials and presentations from Cisco Systems and Walmart to generate the insights.FindingsThe existing cost/lead‐time trade‐off model still applies yet changes in fuel prices and the importance of sustainability initiatives (also from a marketing point of view) lead to different equilibrium points.Research limitations/implicationsBased on insight from leading academics and case examples, the paper suggests that the trade‐offs are made more intricate and require the more accurate addition of new factors such as social costs as today most of the decision making tends to be traditional economic and not yet include social and environmental as much. Nuances need to be added to avoid marketing skewing the trade‐off away from sustainability over time if it turns out that sustainability is a marketing/public relations fad that might go away. And the length of time for sustainable initiatives to have an impact needs to be considered, if it turns out the marketing advantage does not have staying power as long as investment write off periods. These suggest potentially fruitful avenues for further research. The cases also offer practical guidance as to how leading companies green their supply chains.Originality/valueThis paper specifically addresses the call for papers questions of the special issue editors through the synthesis of insights from leading academics and companies.

Argentina's YPF avoids default but not further pain

2021 ◽  
Keyword(s):  
Foreign Debt ◽  
Content Type ◽  
Global Trends ◽  
Fuel Prices ◽  
Political Interference ◽  
Domestic Fuel

Significance In January YPF announced a plan to restructure its USD6.2bn foreign debt which, if successful, would represent the largest deal of its kind by an Argentine company. Reportedly the company improved its offer four times before reaching agreement on the 2021 bond. Impacts The recent replacement of YPF’s president will renew concerns over possible political interference in the company. Vaca Muerta’s future may be further complicated by global trends towards renewables. Pressure to keep domestic fuel prices in check will further damage YPF’s fragile finances.

Pakistan's energy crisis will trim 2015 growth

2015 ◽  
Keyword(s):  
Energy Sector ◽  
Sales Tax ◽  
Public Image ◽  
Energy Crisis ◽  
Gdp Growth ◽  
Energy Infrastructure ◽  
Content Type ◽  
Fuel Prices ◽  
The Government ◽  
Holding Back

Significance The government is trying to transfer the benefits of low international crude prices to customers without jeopardising the finances of Pakistan's oil marketing firm. It hopes that its moves will restore its public image after a debilitating petrol crisis in January. However, this may prove optimistic: the January crisis exposed the government's continued failure to reform the energy sector, despite power and fuel shortages holding back overall GDP growth. Impacts The IMF will transfer the next tranche of around 560 million dollars to Islamabad, despite insufficient reform. Inflation will decline with the fall in fuel prices, although the sales tax rise will be a partial offset. The cash-strapped government will not invest in upgrading energy infrastructure; private enthusiasm is likely to be limited.

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