Deakin University
Browse

File(s) not publicly available

Do demand and supply shocks explain USA's oil stock fluctuations?

conference contribution
posted on 2010-12-01, 00:00 authored by A Hayat, P K Narayan
In this paper using historical monthly data on the US oil stocks (Crude Oil and Petroleum Products Ending Stock-coppes), industrial production, and oil production, we examine whether supply and demand shocks explain the apparent decline in the volatility of the growth of COPPES since about the mid-1980s. We find that in both the short-run and long-run, shocks to the US COPPES explain the bulk of the variations in its own error variance. Cumulatively, the impact of demand and supply shocks at the long-run horizon amounts to about 40 percent although at the short horizon the impact of demand and supply shocks is relatively less.

History

Pagination

329 - 337

Publisher

ACTA Press

Location

Phuket, Thailand

Place of publication

Calgary, Alta.

Start date

2010-11-24

End date

2010-11-26

ISBN-13

9780889868557

Publication classification

EN.1 Other conference paper

Title of proceedings

Proceedings of the 4th IASTED Asian Conference on Power and Energy Systems, AsiaPES 2010

Usage metrics

    Research Publications

    Categories

    No categories selected

    Keywords

    Exports

    RefWorks
    BibTeX
    Ref. manager
    Endnote
    DataCite
    NLM
    DC