The Development of Crude Oil and Natural Gas Prices and the Energy Security of the European Union
Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: Energy Policies, Politics and Prices SeriesPublisher: New York : Nova Science Publishers, Incorporated, 2024Description: 1 Online-Ressource (222 p.)ISBN:- 9798891135918
- 333.8/231 23/eng/20240209
- 333.8/231 23/eng/20240209
- HD9560.5
Contents:
Summary: "In this book, the researchers focused on the accurate analysis of the developments, events, and turns that each of the oil and gas markets have gone through since the beginning of the seventies of the twentieth century. They took advantage of their long experience as economists to independently analyze the factors driving oil and gas prices and the role of the main players in these two markets in influencing supply and demand based on quantitative and qualitative analysis, using time series analysis and mathematical models to obtain independent scientific results. It is clear the factor of geopolitical events had an active and prominent role in all the time stages under consideration in the movement of oil and gas prices in the global markets. Naturally, geopolitical events affected prices in an indirect way more than directly, and that is on the supply factor, which in turn mostly affected the rise in oil and gas prices. There are many examples of this, including the two oil price crises in the seventies of the twentieth century and the natural gas supply crises of 2009, 2014, and the military conflict in Ukraine"--PPN: PPN: 1907957219Package identifier: Produktsigel: ZDB-4-NLEBK | BSZ-4-NLEBK-KAUB
Intro -- Contents -- Preface -- Acknowledgments -- Introduction -- Chapter 1 -- The Development of Global Crude Oil Markets and Oil Shocks -- The First Oil Shock -- The Second Oil Shock -- OPEC's New Opportunity -- The Iran-Iraq War (1980-1988) and Oil Prices -- Demand for Oil Is Growing Faster Than Supply -- New Spike in Oil Price History -- From Collapse to Recovery -- Arab Spring and Oil Prices -- A New Phenomenon in Pricing Oil Benchmarks -- Change in the Price Ratio between WTI and Brent -- Oil Price Development in the Period 2014-2018 -- Global Oil Demand and Economic Growth
Global Oil Supply and the Formation of OPEC+ -- Oil Consumption -- Reaction of Oil Prices to Developments in the Oil Market -- Speculation on the Oil Market -- Chapter 2 -- Impact of the Covid-19 Pandemic, US-China Trade War and Military Conflict in Ukraine on Oil Prices -- Iran -- Nuclear Deal -- Investment Funds and Speculative Demand -- Oil Supply, Demand, and Inventory -- Negative Oil Prices -- Investment Funds and Speculative Demand -- Supply, Demand, and Inventory -- Investment Funds and Speculative Demand -- Investment Funds and Speculative Demand -- Supply, Demand, and Inventory
The Impact of the Military Conflict in Ukraine on Oil Prices -- Chapter 3 -- Natural Gas Landscape in Europe and Crises of Twenty-First Century -- Brief History of Natural Gas in Europe -- EU Natural Gas Consumption and Supply, Focus on Russia -- Russia -- EU Gas Relation -- Nord Stream Pipelines -- Brief History -- Brief History of NS2 -- Nord Stream Pipelines and Energy Security -- Gas Crisis of 2006 -- The Gas Crisis of 2009 -- The Gas Crisis of 2014 -- Transition to Gas (Non)Crisis of 2019 -- Gas Transit through Ukraine under the NEW transit Deal and Gas Crisis of 2021-2022 -- Chapter 4
Development of Natural Gas Prices between 2018 -- 2022 -- Development of Natural Gas January 2018 -- May 2019 -- Developments in the Gas Market in Europe -- The Russian-Ukrainian Situation -- Development of Natural Gas Prices June 2019 -- May 2020 -- Developments in the Gas Market in Europe and Russian-Ukrainian Gas Transit -- Development of Natural Gas Prices June 2020 -- May 2021 -- Development of Natural Gas Prices June 2021 -- May 2022 -- Chapter 5 -- Examining the Development of Price of Natural Gas in Europe: Quantitative Analysis -- Literature Review
Correlation of Prices of Energy Commodities -- Storage of Natural Gas (SNG) -- Heating Degree Days -- Development of Price of Natural Gas in Europe (TTF) -- DATA on Speculative Activities -- Methodology and Data -- Results -- Conclusion -- References -- About the Authors -- Index -- Blank Page
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