Predatory oil prices and commercial storage capacity: pattern of non-OPEC supplies in oligopoly market conditions
Other Title(s)
الأسعار السلبية للعقود النفطية وقدرات التخزين: نمذجة إمدادات نفطية خارج الأوبك في ظروف السوق الاحتكارية المدارة
Author
Source
Journal of Financial, Accounting and Managerial Studies
Issue
Vol. 9, Issue 2 (31 Dec. 2022), pp.370-384, 15 p.
Publisher
Université Larbi Ben M'hidi Oum El Bouaghi Laboratoire COFIFAS
Publication Date
2022-12-31
Country of Publication
Algeria
No. of Pages
15
Main Subjects
Topics
Abstract AR
يحاول المقال دراسة الارابطات الرئيسية لعوامل سوق النفط التي أنتجت أسعار سلبية للعقود الآجلة للنفط سنة 2020.
لقد درسنا الوضع العكسي في سوق النفط، وأجرينا اختبارات الوحدة الكمية لانتشار خام غرب تكساس مقابل البرنت.
أكدت النتائج أن زيادة الإمدادات مصدره صدمة خارج الأوبك بدلا من عوامل المخزونات.
كما أكدت النتائج التجريبية أن القيم البديلة لسعة التخزين ستحل محل الانتشار بين التعريفات الحالية والتكاليف البديلة في سوق النفط.
Abstract EN
This article attempts to illustrate major interconnections of oil market factors which drove future oil price below zero in 2020, and the implications of both stockpile conditions and exchange traded fund conduct on futures crude contract delivery.
we investigated the inverse backward situation occurred in global oil market and forward agreement, and ran quantile unit root tests for spread of WTI minus Brent for better understanding the phenomena.
observation data confirmed that more over supply came from non-OPEC members' concussion contributed in sending forward commercial contracts below zero instead than stockpile factors.
also, empirical results confirmed that storage capacity alternative values will substitute spread between current tariffs and alternative future in the global oil market.
American Psychological Association (APA)
Sad Allah, Dawud. 2022. Predatory oil prices and commercial storage capacity: pattern of non-OPEC supplies in oligopoly market conditions. Journal of Financial, Accounting and Managerial Studies،Vol. 9, no. 2, pp.370-384.
https://search.emarefa.net/detail/BIM-1467866
Modern Language Association (MLA)
Sad Allah, Dawud. Predatory oil prices and commercial storage capacity: pattern of non-OPEC supplies in oligopoly market conditions. Journal of Financial, Accounting and Managerial Studies Vol. 9, no. 2 (Dec. 2022), pp.370-384.
https://search.emarefa.net/detail/BIM-1467866
American Medical Association (AMA)
Sad Allah, Dawud. Predatory oil prices and commercial storage capacity: pattern of non-OPEC supplies in oligopoly market conditions. Journal of Financial, Accounting and Managerial Studies. 2022. Vol. 9, no. 2, pp.370-384.
https://search.emarefa.net/detail/BIM-1467866
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references: p. 383-384
Record ID
BIM-1467866