Natural gas markets: how sensitive are they to crude oil price changes?

2009 ◽  
Vol 33 (2) ◽  
pp. 111-124 ◽  
Author(s):  
Ibrahim A. Onour
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Oil Price ◽  
Crude Oil Price ◽  
Price Changes ◽  
Natural Gas Markets ◽  
Gas Markets

Crude Oil Price and Food Security Related Variables in Malaysia

2016 ◽  
Vol 4 (2) ◽  
pp. 17-21
Author(s):  
Shri Dewi Applanaidu ◽  
Mukhriz Izraf Azman Aziz
Keyword(s):  
Food Security ◽  
Crude Oil ◽  
Price Index ◽  
Price Volatility ◽  
Food Price ◽  
Oil Price ◽  
Crude Oil Price ◽  
Price Changes ◽  
Oil Price Volatility ◽  
Crude Oil Prices

Objective - This study analyzes the dynamic relationship between crude oil price and food security related variables (crude palm oil price, exchange rate, food import, food price index, food production index, income per capita and government development expenditure) in Malaysia using a Vector Auto Regressive (VAR) model. Methodology/Technique - The data covered the period of 1980-2014. Impulse response functions (IRFs) was applied to examine what will be the results of crude oil price changes to the variables in the model. To explore the impact of variation in crude oil prices on the selected food security related variables forecast error variance decomposition (VDC) was employed. Findings - Findings from IRFs suggest there are positive effects of oil price changes on food import and food price index. The VDC analyses suggest that crude oil price changes have relatively largest impact on real crude palm oil price, food import and food price index. This study would suggest to revisiting the formulation of food price policy by including appropriate weight of crude oil price volatility. In terms of crude oil palm price determination, the volatility of crude oil prices should be taken into account. Overdependence on food imports also needs to be reduced. Novelty - As the largest response of crude oil price volatility on related food security variables food vouchers can be implemented. Food vouchers have advantages compared to direct cash transfers since it can be targeted and can be restricted to certain types of products and group of people. Hence, it can act as a better aid compared cash transfers. Type of Paper - Empirical Keywords: Crude oil price, Food security related variables, IRF, VAR, VDC

scholarly journals Crude oil, natural gas, and economic growth: impact and causality analysis in Caspian Sea region

2018 ◽  
Vol 54 (3) ◽  
pp. 169-184 ◽  
Author(s):  
S M Rashed Jahangir ◽  
Betul Yuce Dural
Keyword(s):  
Economic Growth ◽  
Natural Gas ◽  
Crude Oil ◽  
Caspian Sea ◽  
Oil Price ◽  
Crude Oil Price ◽  
Causality Test ◽  
Oil And Natural Gas ◽  
Gas Price ◽  
The Impact

Abstract The main objective of this study was to investigate the impact and causality of crude oil and natural gas on economic growth in the Caspian Sea region. Here, the study applies ordinary least square (OLS) method and Granger causality test using time series data from 1997 to 2015 to ascertain the impact and causality of crude oil and natural gas on economic growth. The results, according to the OLS method, evince that crude oil and natural gas have a significant impact on economic growth of the region. Alongside, considering causality test, gross domestic product (GDP) does Granger cause (unidirectional) crude oil price and export which denotes that GDP can help to forecast crude oil price and export; however, crude oil price and export cannot help to forecast GDP. Surprisingly, this direction is unlikely for GDP and natural gas. GDP and natural gas have unidirectional, but opposite causal relationship, i.e., natural gas price and export do Granger cause GDP which signify that natural gas price and export can help to forecast GDP; however, GDP cannot help to forecast crude oil price and export.

scholarly journals Impact of Crude Oil Price Changes on Household Consumption Expenditure in Oman (1990-2016)

2019 ◽  
Vol 4 (2) ◽  
pp. 97-104
Author(s):  
Abubakar El-Sidig A.A Mahdi
Keyword(s):  
Crude Oil ◽  
Household Consumption ◽  
Oil Price ◽  
Consumption Expenditure ◽  
Crude Oil Price ◽  
Price Changes ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Bound Test

Objective – The preceding three years (2014, 2015, and 2016) saw a drop in the price of oil which has impacted all parts of Omani macroeconomic life. This study aims to identify the association between oil price changes and aggregate household consumption expenditure in the Sultanate by analyzing the long term relationship between the variables of interest. Methodology/Technique – The (ARDL) Autoregressive Distributed Lag bound test of co-integration is used with 27 annual observations obtained between 1990 and 2016. Findings – The statistical results show that there is a long term, positive relationship between the two variables. Novelty – As Oman is heavily dependent on oil, any fluctuation in the price of oil will undoubtedly cause instability in the economy (macroeconomic variables) demonstrating the presence of a robust correlation between consumption and oil prices. The bound test of the ARDL approach demonstrates this relationship. This study is therefore useful for Muscat officials to identify ways to reduce the dependency on oil. Type of Paper: Empirical Keywords: Total Household Consumption Expenditure; Crude Oil Price; Autoregressive Distributed Lag (ARDL); Omani Economy. Reference to this paper should be made as follows: Abubakar El-Sidig A.A Mahdi. 2019. Impact of Crude Oil Price Changes on Household Consumption Expenditure in Oman (1990-2016), J. Bus. Econ. Review 4 (2): 97 – 104. https://doi.org/10.35609/jber.2019.4.2(4) JEL Classification: D1, D13, D19, E30.

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