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What are the Causes of High Crude Oil Price? Causality Investigation

Year 2013, Volume: 3 Issue: 4, 80 - 92, 01.12.2013

Abstract

This paper examines the development of oil prices and identifies the main causes of their development in the last three decades. Of course there are many factors influencing the oil prices, predictable market factors (such as demand and supply) and unpredictable factors (such as political and social turmoil). Therefore, this paper will empirically try to identifying the main causes of movement of the oil prices. This paper also has an ambition to test relation between crude oil and natural gas prices, as substitutes, and the role of decline of natural gas prices in stabilization or destabilization the crude oil market. We have had used in this paper qualitative and quantitative methods such as regression model, Granger causality and structural models. The main findings we have gotten are that the US dollar exchange rate has a significant role in the development of oil prices. We think that the decline in natural gas (as a substitute) prices in the last two years has a slightly impact on stabilization of the oil prices.

Year 2013, Volume: 3 Issue: 4, 80 - 92, 01.12.2013

Abstract

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Details

Other ID JA82FK98CB
Journal Section Research Article
Authors

Saleh Mothana Obadi This is me

Sona Othmanová This is me

Mariam Abdová This is me

Publication Date December 1, 2013
Published in Issue Year 2013 Volume: 3 Issue: 4

Cite

APA Obadi, S. M., Othmanová, S., & Abdová, M. (2013). What are the Causes of High Crude Oil Price? Causality Investigation. International Journal of Energy Economics and Policy, 3(4), 80-92.
AMA Obadi SM, Othmanová S, Abdová M. What are the Causes of High Crude Oil Price? Causality Investigation. IJEEP. December 2013;3(4):80-92.
Chicago Obadi, Saleh Mothana, Sona Othmanová, and Mariam Abdová. “What Are the Causes of High Crude Oil Price? Causality Investigation”. International Journal of Energy Economics and Policy 3, no. 4 (December 2013): 80-92.
EndNote Obadi SM, Othmanová S, Abdová M (December 1, 2013) What are the Causes of High Crude Oil Price? Causality Investigation. International Journal of Energy Economics and Policy 3 4 80–92.
IEEE S. M. Obadi, S. Othmanová, and M. Abdová, “What are the Causes of High Crude Oil Price? Causality Investigation”, IJEEP, vol. 3, no. 4, pp. 80–92, 2013.
ISNAD Obadi, Saleh Mothana et al. “What Are the Causes of High Crude Oil Price? Causality Investigation”. International Journal of Energy Economics and Policy 3/4 (December 2013), 80-92.
JAMA Obadi SM, Othmanová S, Abdová M. What are the Causes of High Crude Oil Price? Causality Investigation. IJEEP. 2013;3:80–92.
MLA Obadi, Saleh Mothana et al. “What Are the Causes of High Crude Oil Price? Causality Investigation”. International Journal of Energy Economics and Policy, vol. 3, no. 4, 2013, pp. 80-92.
Vancouver Obadi SM, Othmanová S, Abdová M. What are the Causes of High Crude Oil Price? Causality Investigation. IJEEP. 2013;3(4):80-92.