Browsing by Author "Daoud, Sadallah"

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    Predatory oil prices and commercial storage capacity: pattern of non-OPEC supplies in oligopoly market conditions
    (University of Larbi Ben M'hidi Oum EL Bouaghi, 2022-12-02) Daoud, Sadallah
    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.