The Price of Oil - Will it Start Rising Again?:
Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource. A set of oil demand equations...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
2013
|
| Schriftenreihe: | OECD Economics Department Working Papers
no.1031 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource. A set of oil demand equations is estimated for OECD and non-OECD countries, which is then combined with assumptions about the behaviour of supply to analyse the impact of a range of macroeconomic and policy scenarios on the future oil price path. The scenario analysis suggests that a return of world growth to slightly below pre-crisis rates would be consistent with an increase in the price of Brent crude to far above early-2012 levels by 2020. This increase would be mostly driven by higher demand from non-OECD economies - in particular China and India. The expected rise in the oil price is unlikely to be smooth. Sudden changes in the supply or demand of oil can have very large effects on the price in the short run. |
| Beschreibung: | 1 Online-Ressource (45 p.) 21 x 29.7cm. |
| DOI: | 10.1787/5k49q186vxnp-en |
Internformat
MARC
| LEADER | 00000cam a22000002 4500 | ||
|---|---|---|---|
| 001 | ZDB-13-SOC-061276782 | ||
| 003 | DE-627-1 | ||
| 005 | 20231204121035.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 210204s2013 xx |||||o 00| ||eng c | ||
| 024 | 7 | |a 10.1787/5k49q186vxnp-en |2 doi | |
| 035 | |a (DE-627-1)061276782 | ||
| 035 | |a (DE-599)KEP061276782 | ||
| 035 | |a (FR-PaOEC)5k49q186vxnp-en | ||
| 035 | |a (EBP)061276782 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rda | ||
| 041 | |a eng | ||
| 084 | |a Q43 |2 jelc | ||
| 084 | |a Q47 |2 jelc | ||
| 084 | |a Q41 |2 jelc | ||
| 100 | 1 | |a Fournier, Jean-Marc |e VerfasserIn |4 aut | |
| 245 | 1 | 4 | |a The Price of Oil - Will it Start Rising Again? |c Jean-Marc, Fournier ... [et al] = Le prix du pétrole - va-t-il recommencer à augmenter ? / Jean-Marc, Fournier ... [et al] |
| 246 | 3 | 3 | |a Le prix du pétrole - va-t-il recommencer à augmenter ? |
| 264 | 1 | |a Paris |b OECD Publishing |c 2013 | |
| 300 | |a 1 Online-Ressource (45 p.) |c 21 x 29.7cm. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 0 | |a OECD Economics Department Working Papers |v no.1031 | |
| 520 | |a Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource. A set of oil demand equations is estimated for OECD and non-OECD countries, which is then combined with assumptions about the behaviour of supply to analyse the impact of a range of macroeconomic and policy scenarios on the future oil price path. The scenario analysis suggests that a return of world growth to slightly below pre-crisis rates would be consistent with an increase in the price of Brent crude to far above early-2012 levels by 2020. This increase would be mostly driven by higher demand from non-OECD economies - in particular China and India. The expected rise in the oil price is unlikely to be smooth. Sudden changes in the supply or demand of oil can have very large effects on the price in the short run. | ||
| 650 | 4 | |a Energy | |
| 650 | 4 | |a Economics | |
| 700 | 1 | |a Koske, Isabell |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Wanner, Isabelle |e MitwirkendeR |4 ctb | |
| 700 | 1 | |a Zipperer, Vera |e MitwirkendeR |4 ctb | |
| 856 | 4 | 0 | |l FWS01 |p ZDB-13-SOC |q FWS_PDA_SOC |u https://doi.org/10.1787/5k49q186vxnp-en |3 Volltext |
| 912 | |a ZDB-13-SOC | ||
| 912 | |a ZDB-13-SOC | ||
| 951 | |a BO | ||
| 912 | |a ZDB-13-SOC | ||
| 049 | |a DE-863 | ||
Datensatz im Suchindex
| DE-BY-FWS_katkey | ZDB-13-SOC-061276782 |
|---|---|
| _version_ | 1816797338999455744 |
| adam_text | |
| any_adam_object | |
| author | Fournier, Jean-Marc |
| author2 | Koske, Isabell Wanner, Isabelle Zipperer, Vera |
| author2_role | ctb ctb ctb |
| author2_variant | i k ik i w iw v z vz |
| author_facet | Fournier, Jean-Marc Koske, Isabell Wanner, Isabelle Zipperer, Vera |
| author_role | aut |
| author_sort | Fournier, Jean-Marc |
| author_variant | j m f jmf |
| building | Verbundindex |
| bvnumber | localFWS |
| collection | ZDB-13-SOC |
| ctrlnum | (DE-627-1)061276782 (DE-599)KEP061276782 (FR-PaOEC)5k49q186vxnp-en (EBP)061276782 |
| discipline | Wirtschaftswissenschaften |
| doi_str_mv | 10.1787/5k49q186vxnp-en |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>02469cam a22004332 4500</leader><controlfield tag="001">ZDB-13-SOC-061276782</controlfield><controlfield tag="003">DE-627-1</controlfield><controlfield tag="005">20231204121035.0</controlfield><controlfield tag="007">cr uuu---uuuuu</controlfield><controlfield tag="008">210204s2013 xx |||||o 00| ||eng c</controlfield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1787/5k49q186vxnp-en</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-627-1)061276782</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)KEP061276782</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(FR-PaOEC)5k49q186vxnp-en</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(EBP)061276782</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-627</subfield><subfield code="b">ger</subfield><subfield code="c">DE-627</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1=" " ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">Q43</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">Q47</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">Q41</subfield><subfield code="2">jelc</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Fournier, Jean-Marc</subfield><subfield code="e">VerfasserIn</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="4"><subfield code="a">The Price of Oil - Will it Start Rising Again?</subfield><subfield code="c">Jean-Marc, Fournier ... [et al] = Le prix du pétrole - va-t-il recommencer à augmenter ? / Jean-Marc, Fournier ... [et al]</subfield></datafield><datafield tag="246" ind1="3" ind2="3"><subfield code="a">Le prix du pétrole - va-t-il recommencer à augmenter ?</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Paris</subfield><subfield code="b">OECD Publishing</subfield><subfield code="c">2013</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (45 p.)</subfield><subfield code="c">21 x 29.7cm.</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="a">Text</subfield><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="a">Computermedien</subfield><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="a">Online-Ressource</subfield><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">OECD Economics Department Working Papers</subfield><subfield code="v">no.1031</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource. A set of oil demand equations is estimated for OECD and non-OECD countries, which is then combined with assumptions about the behaviour of supply to analyse the impact of a range of macroeconomic and policy scenarios on the future oil price path. The scenario analysis suggests that a return of world growth to slightly below pre-crisis rates would be consistent with an increase in the price of Brent crude to far above early-2012 levels by 2020. This increase would be mostly driven by higher demand from non-OECD economies - in particular China and India. The expected rise in the oil price is unlikely to be smooth. Sudden changes in the supply or demand of oil can have very large effects on the price in the short run.</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Energy</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Economics</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Koske, Isabell</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Wanner, Isabelle</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="700" ind1="1" ind2=" "><subfield code="a">Zipperer, Vera</subfield><subfield code="e">MitwirkendeR</subfield><subfield code="4">ctb</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="l">FWS01</subfield><subfield code="p">ZDB-13-SOC</subfield><subfield code="q">FWS_PDA_SOC</subfield><subfield code="u">https://doi.org/10.1787/5k49q186vxnp-en</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="951" ind1=" " ind2=" "><subfield code="a">BO</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-13-SOC</subfield></datafield><datafield tag="049" ind1=" " ind2=" "><subfield code="a">DE-863</subfield></datafield></record></collection> |
| id | ZDB-13-SOC-061276782 |
| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:56:00Z |
| institution | BVB |
| language | English |
| open_access_boolean | |
| owner | DE-863 DE-BY-FWS |
| owner_facet | DE-863 DE-BY-FWS |
| physical | 1 Online-Ressource (45 p.) 21 x 29.7cm. |
| psigel | ZDB-13-SOC |
| publishDate | 2013 |
| publishDateSearch | 2013 |
| publishDateSort | 2013 |
| publisher | OECD Publishing |
| record_format | marc |
| series2 | OECD Economics Department Working Papers |
| spelling | Fournier, Jean-Marc VerfasserIn aut The Price of Oil - Will it Start Rising Again? Jean-Marc, Fournier ... [et al] = Le prix du pétrole - va-t-il recommencer à augmenter ? / Jean-Marc, Fournier ... [et al] Le prix du pétrole - va-t-il recommencer à augmenter ? Paris OECD Publishing 2013 1 Online-Ressource (45 p.) 21 x 29.7cm. Text txt rdacontent Computermedien c rdamedia Online-Ressource cr rdacarrier OECD Economics Department Working Papers no.1031 Following a sharp drop amidst the global economic crisis and a subsequent recovery, the spot price of crude oil has been broadly stable for the past couple of years. This paper discusses the factors that drive oil demand and supply and, hence, the price of the resource. A set of oil demand equations is estimated for OECD and non-OECD countries, which is then combined with assumptions about the behaviour of supply to analyse the impact of a range of macroeconomic and policy scenarios on the future oil price path. The scenario analysis suggests that a return of world growth to slightly below pre-crisis rates would be consistent with an increase in the price of Brent crude to far above early-2012 levels by 2020. This increase would be mostly driven by higher demand from non-OECD economies - in particular China and India. The expected rise in the oil price is unlikely to be smooth. Sudden changes in the supply or demand of oil can have very large effects on the price in the short run. Energy Economics Koske, Isabell MitwirkendeR ctb Wanner, Isabelle MitwirkendeR ctb Zipperer, Vera MitwirkendeR ctb FWS01 ZDB-13-SOC FWS_PDA_SOC https://doi.org/10.1787/5k49q186vxnp-en Volltext |
| spellingShingle | Fournier, Jean-Marc The Price of Oil - Will it Start Rising Again? Energy Economics |
| title | The Price of Oil - Will it Start Rising Again? |
| title_alt | Le prix du pétrole - va-t-il recommencer à augmenter ? |
| title_auth | The Price of Oil - Will it Start Rising Again? |
| title_exact_search | The Price of Oil - Will it Start Rising Again? |
| title_full | The Price of Oil - Will it Start Rising Again? Jean-Marc, Fournier ... [et al] = Le prix du pétrole - va-t-il recommencer à augmenter ? / Jean-Marc, Fournier ... [et al] |
| title_fullStr | The Price of Oil - Will it Start Rising Again? Jean-Marc, Fournier ... [et al] = Le prix du pétrole - va-t-il recommencer à augmenter ? / Jean-Marc, Fournier ... [et al] |
| title_full_unstemmed | The Price of Oil - Will it Start Rising Again? Jean-Marc, Fournier ... [et al] = Le prix du pétrole - va-t-il recommencer à augmenter ? / Jean-Marc, Fournier ... [et al] |
| title_short | The Price of Oil - Will it Start Rising Again? |
| title_sort | price of oil will it start rising again |
| topic | Energy Economics |
| topic_facet | Energy Economics |
| url | https://doi.org/10.1787/5k49q186vxnp-en |
| work_keys_str_mv | AT fournierjeanmarc thepriceofoilwillitstartrisingagain AT koskeisabell thepriceofoilwillitstartrisingagain AT wannerisabelle thepriceofoilwillitstartrisingagain AT zipperervera thepriceofoilwillitstartrisingagain AT fournierjeanmarc leprixdupetrolevatilrecommenceraaugmenter AT koskeisabell leprixdupetrolevatilrecommenceraaugmenter AT wannerisabelle leprixdupetrolevatilrecommenceraaugmenter AT zipperervera leprixdupetrolevatilrecommenceraaugmenter AT fournierjeanmarc priceofoilwillitstartrisingagain AT koskeisabell priceofoilwillitstartrisingagain AT wannerisabelle priceofoilwillitstartrisingagain AT zipperervera priceofoilwillitstartrisingagain |