Leading Indicators For Arabian Gulf Oil Tanker Rates PDF Download
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Author | : Eric Tham |
Publisher | : |
Total Pages | : |
Release | : 2018 |
Genre | : |
ISBN | : |
Download Leading Indicators for Arabian Gulf Oil Tanker Rates Book in PDF, ePub and Kindle
In this paper, price drivers for the Arabian Gulf oil tanker rates were derived from the Bayesian logistic regression to form a leading indicator. A universe of price drivers was filtered based on statistical criteria and speculative backtest results. Results showed that refining margins in Asia, crude production in the Arabian Gulf, the vessel utilisation rate and Brent-Dubai spreads were the most significant price drivers of TD3. A time series of these drivers indicates that Arabian Gulf production has a declining importance relative to the Brent-Dubai spreads since 2004. A vector error correction mechanism analysis of the TD1 and TD3 benchmarks indicates that TD1 returns lag behind TD3 rates.
Author | : Lutz Kilian |
Publisher | : |
Total Pages | : 30 |
Release | : 2020 |
Genre | : Petroleum |
ISBN | : |
Download A Quantitative Model of the Oil Tanker Market in the Arabian Gulf Book in PDF, ePub and Kindle
Using a novel dataset, we develop a structural model of the Very Large Crude Carrier (VLCC) market between the Arabian Gulf and the Far East. We study how fluctuations in oil tanker rates, oil exports, shipowner profits, and bunker fuel prices are determined by shocks to the supply and demand for oil tankers, to the utilization of tankers, and to bunker fuel costs. Our analysis shows that time charter rates respond only slightly to fuel cost shocks. In response to higher fuel costs, voyage profits decline, as cost shocks are only partially passed on to round-trip voyage rates. Oil exports from the Arabian Gulf also decline, reflecting lower demand for VLCCs. Positive utilization shocks are associated with higher profits, a slight increase in time charter rates and slightly lower fuel prices and oil export volumes. Tanker supply and tanker demand shocks have persistent effects on time charter rates, round-trip voyage rates, the volume of oil exports, fuel prices, and profits with the expected sign.
Author | : |
Publisher | : |
Total Pages | : 992 |
Release | : 1981 |
Genre | : Statistics |
ISBN | : |
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Author | : |
Publisher | : |
Total Pages | : 908 |
Release | : 1975 |
Genre | : Petroleum industry and trade |
ISBN | : |
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Author | : Richard Nixon |
Publisher | : Simon and Schuster |
Total Pages | : 336 |
Release | : 2013-01-08 |
Genre | : Political Science |
ISBN | : 1476731772 |
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“Nixon raises all the timely questions about the present state of the world, and then answers them both systematically and thoroughly.” —The New York Times In this acclaimed national bestseller, Richard Nixon offers a comprehensive strategy for the West—a vital plan of action that will help ensure peace, prosperity, and freedom in the next century. From glasnost and summitry to arms control and “Star Wars,” from Nicaragua and China to Europe and Japan, he gives seasoned, no-nonsense advice on all tough foreign policy issues. The former President draws on a lifetime of experience in international affairs to examine the crucial challenges facing the United States and the West and how best to go forward in the 21st century.
Author | : United States. Congress. Senate. Commerce |
Publisher | : |
Total Pages | : 760 |
Release | : 1972 |
Genre | : |
ISBN | : |
Download Marine Programs Fiscal Year 1973, Hearings Before the Subcommittee on Merchant Marine..., 92-2, on S. 3241, 3335, and 3404, April 18; May 1, 2, and 3, 1972 Book in PDF, ePub and Kindle
Author | : |
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Total Pages | : 72 |
Release | : 1988-12 |
Genre | : Harbors |
ISBN | : |
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Author | : United States. Congress. Senate. Committee on Commerce |
Publisher | : |
Total Pages | : 1380 |
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Author | : |
Publisher | : ProStar Publications |
Total Pages | : 372 |
Release | : 2006 |
Genre | : Pilot guides |
ISBN | : 9781577857556 |
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Author | : United States. Congress. Senate. Committee on Commerce. Merchant Marine Subcommittee |
Publisher | : |
Total Pages | : 518 |
Release | : 1972 |
Genre | : Cargo preference |
ISBN | : |
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