West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions

Ayman Omar

EN

West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions

Öz

This paper investigates the price spread between West Texas Intermediate and Brent during periods of supply disruptions. Using a sample of 50 events of Organization of the Petroleum Exporting Countries (OPEC) - related unplanned upstream production outages, this paper documents a statistically significant tightening in the price differential. The finding is robust even after accounting for 22 OPEC - related political conflicts, 104 extreme weather conditions in the Atlantic basin, and the period of infrastructural bottlenecks in and around the Cushing, Oklahoma. The result is further confirmed when examining the spread between Light Louisiana sweet and Brent. These findings suggest the need to hedge against such risks and give rise to speculative trading which can be facilitated using the vibrant paper markets.

Anahtar Kelimeler

Crude Oil, Benchmarks, Organization of the Petroleum Exporting Countries, Supply Disruptions

Ayrıntılar

Birincil Dil

İngilizce

Konular

-

Bölüm

-

Yazarlar

Ayman Omar Bu kişi benim

Yayımlanma Tarihi

1 Eylül 2015

Gönderilme Tarihi

1 Eylül 2015

Kabul Tarihi

-

Yayımlandığı Sayı

Yıl 2015 Cilt: 5 Sayı: 3

IZ

https://izlik.org/JA53BW77JF

Kaynak Göster

RIS / Bibtex

APA

Omar, A. (2015). West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions. International Journal of Energy Economics and Policy, 5(3), 693-703. https://izlik.org/JA53BW77JF

AMA

1.Omar A. West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions. IJEEP. 2015;5(3):693-703. https://izlik.org/JA53BW77JF

Chicago

Omar, Ayman. 2015. “West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions”. International Journal of Energy Economics and Policy 5 (3): 693-703. https://izlik.org/JA53BW77JF.

EndNote

Omar A (01 Eylül 2015) West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions. International Journal of Energy Economics and Policy 5 3 693–703.

IEEE

[1]A. Omar, “West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions”, IJEEP, c. 5, sy 3, ss. 693–703, Eyl. 2015, [çevrimiçi]. Erişim adresi: https://izlik.org/JA53BW77JF

ISNAD

Omar, Ayman. “West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions”. International Journal of Energy Economics and Policy 5/3 (01 Eylül 2015): 693-703. https://izlik.org/JA53BW77JF.

JAMA

1.Omar A. West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions. IJEEP. 2015;5:693–703.

MLA

Omar, Ayman. “West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions”. International Journal of Energy Economics and Policy, c. 5, sy 3, Eylül 2015, ss. 693-0, https://izlik.org/JA53BW77JF.

Vancouver

1.Ayman Omar. West Texas Intermediate and Brent Spread during Organization of the Petroleum Exporting Countries Supply Disruptions. IJEEP [Internet]. 01 Eylül 2015;5(3):693-70. Erişim adresi: https://izlik.org/JA53BW77JF