1980s oil glut

results of crude oil discovery and subsequent increase in production and exportation of crude oil (Edo (2013). The discovery of crude oil and appreciation of oil price in the World market some years ago leads Nigerian government to abandon all other means of revenue generations, including agriculture, just to depend solely on crude oil revenue to finance most of her budgets. However, crude oil exports are no longer sustaining the economy due to the current downturn in crude oil price. For instance

The Risk and Uncertainty of Halliburton When thinking of the energy industry, the great Halliburton always will come to mind. According to their company history, Halliburton began in 1919 in Oklahoma as a small company mixing different elements for oil drilling ("History of Halliburton," n.d., para. 1 and 2). The company has since grown into a corporate giant, with revenues exceeding 18 billion dollars by the end of the third quarter in 2015 (Halliburton Company, p. 1), and currently runs two sectors:

businesses need to travel. Perhaps this link is unsurprising however, as while the global economy is often tested through the dollar price of a barrel of Brent crude oil, so too does this commodity dictate the price of aviation jet fuels – by far the largest overhead facing commercial airlines. The benefits of almost a full year in falling oil prices – and with them the cost of fuel – have not yet necessarily been felt in the consumer market however. The Cost While the cost of fuel represents one of the

THE IMPACT OF CRUDE OIL PRICES SHOCKS ON THE UK ECONOMY. INTRODUCTION: This paper will observe the relationship between UK economic indicators and global commodity prices. The paper will be divided into seven parts. Part one will be the introduction, part 2 will be the literature review, part 3 will be econometric models and methodology, part 4 will be data summary, part 5 will be results and analysis, part 6 issues/extensions of the econometrics modelling, part 7 will be the conclusion and the

downturn in the oil and natural gas prices in the past year had significant impact on Anadarko Petroleum Corporation (NYSE: APC), with its shares losing over 63% of their market value. However, the recent uptick in the crude oil prices helped the company to recapture approximately 45% of the lost value for its shares. Although, its shares are down nearly 8% since year-to-date, but its influential steps of late should allow the company to stay competitive during this extended low oil prices and drive

PROBLEM STATEMENT: Economy of many nations is currently at distress due to current plunge of oil price the international market. This sink in crude oil price produces an economic shock especially to the poor and developing Countries that depend on crude oil revenues to balance their budgets (Iwayemi, & Fowowe, 2011; also see Effiong, 2014). Nigeria, being one of those nations, is currently experiencing economic crisis. For instance, many states in the federation presently can no longer pay their

electronic trading platform through its efficient and transparent price discovery and price risk management. MCX ranks No. 1 in silver, No. 2 in gold, and No. 3 in crude oil. This document contains the correlation between change in prices of Gold, Silver and OIL with respect to each other. Over the last 50 years or so, gold and oil

price of WTI crude oil and recent trends in the global price of oil. It will also include the effects of the ever-changing price of oil on individuals, business firms, governments and the economy. Data Price per barrel The price per barrel for oil has substantially fluctuated over the years, but in this current year of 2015 it has been kept to a reasonably low price. The price of crude oil WTI on the 21st of February 2015 is $50.34 US a barrel as

satisfying their escape from reality needs. American Airlines is widely known as the world’s largest airline company, so when the oil prices begin to climb in the early to mid 2000’s, economists and investors are curious to see how they will respond. Many airlines have either gone bankrupt or relied on mergers due to the increasing operating costs and poor economy. The increasing oil prices impacts the financial success of the airline industry as a whole. Since jet fuel costs claim a large amount of the

Crude Oil Price Forecasting Model Using Machine Learning Tapas Peshin1 and Nikolaos V. Sahinidis2 1Graduate Student, Department of Chemical Engineering, Carnegie Mellon University, Pittsburgh, USA tpeshin@andrew.cmu.edu 2John E. Swearingen Professor, Department of Chemical Engineering, Carnegie Mellon University, Pittsburgh, USA sahinidis@cmu.edu ABSTRACT The impact of oil price on the social, economic, political and many other aspects of human life is substantial. Oil exemplifies a vital