The Relationship between Crude Oil and Natural Gas Prices: The Role of the Exchange Rate

2014 ◽  
Vol 35 (2) ◽  
Author(s):  
Peter R. Hartley ◽  
Kenneth B. Medlock, III
Keyword(s):  
Exchange Rate ◽  
Natural Gas ◽  
Crude Oil ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
The Exchange Rate ◽  
The Relationship

Investigation for the Role of Oil and Natural Gas in the BIST Sector Indexes in Turkey

2021 ◽  
pp. 262-283
Author(s):  
Uğur Uzun ◽  
Zafer Adalı
Keyword(s):  
Natural Gas ◽  
Financial Performance ◽  
Unit Root ◽  
Primary Energy ◽  
Energy Prices ◽  
Long Run ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
The Relationship

In this chapter, the authors aim to investigate the association between the primary energy sources' prices involving oil and natural gas and sectors indices operating the Turkey stock market for the period covering 2012M1-2021M3. Regarding energy price indicators, Brent oil and natural gas real-time future prices are preferred in the models, and BIST Industrials (XUSIN), BIST Chem-Petrol Plastic (XKMYA), and BIST Electricity (XELKT) indices are used as financial performance indicators. Fourier unit root tests improved by Becker et al. and Fourier co-integration tests improved by Tsong et al. are employed to investigate the relationship between considered variables. As a result of the models, it is found that the energy prices and financial performance index do not move together in the long run; in other words, change in oil and natural gas prices seem not to have an impact on the sector indexes.

scholarly journals The volatility of natural gas prices - Structural shocks and influencing factors

2021 ◽  
Vol 37 (4) ◽  
Author(s):  
L. Stajic ◽  
B. Đorđević ◽  
S. Ilić ◽  
D. Brkić
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Energy Production ◽  
Coal Production ◽  
Total Production ◽  
Structural Shocks ◽  
The World ◽  
Natural Gas Prices ◽  
Oil And Natural Gas ◽  
Gas Market

The paper examines the primary drivers and factors influencing the volatility of natural gas prices in the world from January 2007 to July 2020. In addition to the narrow dependence between crude oil and natural gas prices, the influence of renewable energy production and coal production on the price of natural gas has been studied. For that purpose, the method of multiple linear regression was used. The results show that the volatility of natural gas prices significantly depends on the type of the shock in the natural gas market, and that the total production of energy from renewable sources, production of coal and natural gas and the price of crude oil have a significant impact on the price of gas.

scholarly journals The New Regime in Natural Gas Pricing in Alberta

1977 ◽  
Vol 15 (3) ◽  
pp. 538 ◽  
Author(s):  
Francis M. Saville
Keyword(s):  
Natural Gas ◽  
Crude Oil ◽  
Federal Government ◽  
International Market ◽  
The Future ◽  
Natural Gas Prices ◽  
Oil And Natural Gas

Traditionally, the price of petroleum and natural gas in Canada has been relatively low. However, recent changes in the international market have placed pressures upon the federal and provincial governments to reassess the pricing of these commodities. As consequence, Alberta has, in an effort to raise natural gas prices, passed the Arbitration Amendment Act, which forces the field price of gas towards the commodity value and the Natural Gas Pricing Agreement Act, which acts as an agreement with the federal government regarding natural gas prices. At the same time, the federal government has enacted the Petroleum Administration Act to regulate the price of crude oil and natural gas. This article discusses the various acts, in particular the Natural Gas Pricing Agreement Act, as well as the con stitutionality of such legislation and the future pricing of natural gas in Canada.

scholarly journals Oil Price and Exchange Rate Nexus-Evidence From Nigeria

2019 ◽  
Vol 9 (1) ◽  
pp. 298 ◽  
Author(s):  
Dauda Mohammed ◽  
J. Udoma Afangideh ◽  
Oloruntoba S. Ogundele
Keyword(s):  
Exchange Rate ◽  
Crude Oil ◽  
Causal Effect ◽  
Oil Prices ◽  
Oil Price ◽  
Upward Movement ◽  
Oil Market ◽  
Daily Data ◽  
The Exchange Rate ◽  
The Relationship

Price swings at international crude oil market significantly impact on macroeconomic fundamentals of oil dependent countries. Hence, understanding the relationship between oil price movement and the exchange rate has become imperative especially for oil exporting countries. This paper examines the causal effect between oil prices and Nigerian naira–US dollar exchange rate using frequency daily data for the period 12/07/2010-31/08/2017. Generalized autoregressive conditional heteroskedasticity (GARCH) and exponential GARCH (EGARCH) models were used to estimate our oil prices and nominal naira exchange rate equation. Our findings reveal a positive relation between oil price and naira exchange rate meaning that an upward movement in the price of oil causes the naira to depreciate. Conversely, any fall in oil price leads to appreciation in the value of the naira. The result has important policy implication given that 90% of the total annual foreign revenue of Nigeria comes from oil thus oil price shocks have severe impact on the Nigerian economy. This justifies the need for Nigeria’s economic diversification to minimize the vulnerability of the Nigerian economy to vagaries of the international crude oil market and to delink the exchange rate and reserve movement from developments in oil prices.

scholarly journals Dependence and extreme dependence of crude oil and natural gas prices with applications to risk management

2014 ◽  
Vol 42 ◽  
pp. 332-342 ◽  
Author(s):  
Riadh Aloui ◽  
Mohamed Safouane Ben Aïssa ◽  
Shawkat Hammoudeh ◽  
Duc Khuong Nguyen
Keyword(s):  
Risk Management ◽  
Natural Gas ◽  
Crude Oil ◽  
Extreme Dependence ◽  
Natural Gas Prices ◽  
Oil And Natural Gas
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