• DocumentCode
    3466248
  • Title

    Structural Model for Oil Price: Explanation of the Skyrocket from 2003

  • Author

    Hui Yao

  • Author_Institution
    Sch. of Manage., Fudan Univ., Shanghai
  • fYear
    2008
  • fDate
    12-14 Oct. 2008
  • Firstpage
    1
  • Lastpage
    4
  • Abstract
    In this paper, we set up a structural model to explain the recent trend of oil price, and find out that the supply (demand) over 80 million barrels per day is the main reason for this skyrocket. Finally, we predict the future price using Monte Carlo simulation.
  • Keywords
    petroleum industry; pricing; supply and demand; Monte Carlo simulation; oil price skyrocket; structural model; supply and demand; Acceleration; Asia; Economic indicators; Industrial economics; Macroeconomics; Manufacturing industries; Petroleum; Power generation economics; Production; Statistics;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Wireless Communications, Networking and Mobile Computing, 2008. WiCOM '08. 4th International Conference on
  • Conference_Location
    Dalian
  • Print_ISBN
    978-1-4244-2107-7
  • Electronic_ISBN
    978-1-4244-2108-4
  • Type

    conf

  • DOI
    10.1109/WiCom.2008.2260
  • Filename
    4680449
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=3466248