• Korea Petroleum Association Journal
• /
• no.3 s.61
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• pp.17-22
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• 1986

OPEC(석유수출국기구)의 사무총장 대리이며 사무차장인 Fadhil J Al-Chalabi박사는 최근 「Petroieum Review」지와 인터뷰를 갖고, 세계석유시장에서 그 지위가 악화되고 있는 OPEC의 실세회복을 위한 새로운 전략을 밝혔다. 이를 번역 ㆍ전재한다 <편집자주>

• Korea Petroleum Association Journal
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• no.3 s.235
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• pp.76-79
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• 2003

이 자료는 에너지경제연구원에서 발간하는 해외에너지시장동향(2003.1.30)에서 발췌한 것임.

• Korea Petroleum Association Journal
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• no.1 s.47
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• pp.43-55
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• 1985

이 자료는 지난 해 12월 5일 한국동력자원연구소가 주최한 국제석유세미나에서 발표한 내용을 번역한 것이다. <편집자주>

• Korea Petroleum Association Journal
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• no.5 s.99
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• pp.31-31
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• 1989

• Korea Petroleum Association Journal
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• no.2 s.72
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• pp.130-134
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• 1987

• Korea Petroleum Association Journal
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• no.11 s.105
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• pp.49-49
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• 1989

• Korea Petroleum Association Journal
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• s.296
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• pp.22-25
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• 2015

• Korea Petroleum Association Journal
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• no.3 s.229
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• pp.88-91
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• 2002

이 자료는 에너지경제연구원에서 발간하는 해외에너지 시장동향(2002. 1. 28)에서 발췌한 것임-편집자 주-

• Korea Petroleum Association Journal
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• no.4 s.98
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• pp.91-93
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• 1989

• Environmental and Resource Economics Review
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• v.28 no.1
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• pp.121-145
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• 2019

This paper investigates the relationship between the oil price and the major petroleum products prices at the trading hubs such as Singapore, North West Europe and the US New York Harbor. We focus on the lead-lag relationship between the weekly petroleum prices from 2009 to 2016 based on the vector error correction model. We find that the oil price leads the prices of petroleum products in the long term, while there is bidirectional causality in the short term. On the other hand, prices of petroleum products in regions with high import dependency, such as Europe gas oil and jet fuel price, are exogenous in the long term. We also present evidence that prices of petroleum products in region with a large global-market share lead prices in other regions. However, if the region is in an over-production situation and low industry concentration, it may lose its price leadership due to intense competition. The result in this study can provide a useful information to petroleum refining companies in forecasting fluctuations of product price, and hence in planning their regional arbitrage trading activities.