مجلة الدراسات المالية والمحاسبية والإدارية
Volume 9, Numéro 2, Pages 369-383
2022-12-31
Authors : Sadallah Daoud .
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.
Crude price ; Non-OPEC ; Storage capacity ; Oligopoly
Sadallah Daoud
.
pages 233-246.
Hicham Ayad
.
pages 189-200.
Hendi Karim
.
Sahnoune Djamel Eddine
.
pages 1205-1226.
Nadira Bessouh
.
pages 1-17.
Elhamza Ahmed
.
Elbar Amine
.
pages 756-775.