• Title/Summary/Keyword: International oil prices

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A Study on the Energy Consumption Analysis and Improvement of Busan City Public Building (부산시 공공건축물의 에너지사용량 분석 및 개선방안 연구)

  • Kim, Sam-Uel;Kim, Se-Hwan
    • Journal of the Korean Solar Energy Society
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    • v.31 no.1
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    • pp.115-120
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    • 2011
  • The energy used in Korea is strongly dependent on that produced by foreign countries. Accordingly, saving energy is more important than ever, because of the rise of international oil prices and depletion of oil resources. The development of energy efficient buildings is required especially for public buildings in Korea. In this study, the energy use of public buildings is identified. Then, the analysis of energy usage through regional offices in Busan City offers energy saving measures for public buildings.

A Study on Energy Reduction of Passive Factor Apply for the Improvement of Energy Performance in Public Building (공공기관 건물의 에너지 성능개선을 위한 패시브 요소 적용의 에너지 절감율 분석 연구)

  • Son, Ji-Hoon;Kim, Sam-Uel
    • 한국태양에너지학회:학술대회논문집
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    • 2011.11a
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    • pp.196-201
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    • 2011
  • The energy used in Korea is strongly dependent on that produced by foreign countries. Accordingly, saving energy is more important than ever, because of the rise of international oil prices and depletion of oil resources. The development of energy efficient buildings is required especially for public buildings in Korea. In this study, the energy use of public buildings is identify. Then, the analysis of energy usage through regional offices in Busan City offers energy performance for public buildings.

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The effect of international oil price on LNG price in South Korea and Japan

  • Kwon, Hyukdong;Cho, Hong Chong
    • Geosystem Engineering
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    • v.21 no.6
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    • pp.297-308
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    • 2018
  • In this paper, we investigate the differences between LNG price of South Korea and Japan. Although S. Korean and Japanese LNG markets have similar structures, there are some differences in the price formation. From DCC-MGARCH, we confirm that Japan LNG price have less persistence of disturbance on time than S. Korean LNG price. The conditional correlation also shows linkage effects between LNG prices and impacts of S-curve and DS-curve. Moreover, ARDL estimation result shows that there is co-integration in all models and that impacts of Fukushima accident and LNG volumes are responsible for the increase in Japanese LNG price. Also, adjustment speed of error correction term shows that Japan's deviation from long-run equilibrium disappears faster than S. Korea does, indicating relatively strong Japanese linkage between LNG price and oil price.

A Study on the Variation of Physical & Chemical Properties with Refining Treatment and Additive Mixture for Marine Fuel Oil (선박연료유의 정제처리 및 첨가제 혼합에 따른 물리.화학적 특성 변화에 관한 연구)

  • Han, Won-Hui;Nam, Jeong-Gil;Lee, Don-Chool
    • Journal of the Korean Society of Marine Environment & Safety
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    • v.13 no.1 s.28
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    • pp.39-45
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    • 2007
  • Recently it is a tendency that the heavy fuel oil is considered to be used on board even middle or small sized vessels in order to reduce the operating cost of vessel mused by a rise in international oil prices. In this study, analyzed the physical & chemical properties and examined the effect of refining treatment and a fuel oil additive for MF30 fuel oil which is a mixture fuel oil mixed M.G.O and the heavy oil MF380 use to be possible in the middle&small class vessel. As a results, the effects of two of pre-refinery treatment methods as centrifugal purifier and heating & homogenizing system(M.C.H) are some feeble, but the pour point and the flash point came to be low more or less. The effect of property improvement which is mused by the fuel oil additive did not appear positively.

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Determination of an economical shipping route considering the effects of sea state for lower fuel consumption

  • Roh, Myung-Il
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.5 no.2
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    • pp.246-262
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    • 2013
  • With increases in international oil prices, the proportion of fuel cost to the operational costs of a ship is currently increasing. To reduce fuel cost, a method for determining an economical route for a ship based on the acquisition of the sea state and the estimation of fuel consumption is proposed. The proposed method consists of three items. The first item is to acquire the sea state information in real time. The second item is to estimate the fuel consumption of a ship according to the sea state. The last item is to find an economical route for minimal fuel consumption based on the previous two items. To evaluate the applicability of the proposed method, it was applied to routing problems in various ocean areas. The result shows that the proposed method can yield economical ship routes that minimize fuel consumption. The results of this study can contribute to energy savings for environmentally friendly ships.

A Study of Correlation Between China Iron Ore Import, Steel Export Activity and Dry Bulk Index : Focus on Capesize C5/C10/C14 and Supramax S2/S3 (중국의 철광석 수입량과 철강 수출량이 부정기선 운임지수에 미치는 영향)

  • Jeon, Bong-Gil;Oh, Jin-Ho;Park, Keun-Sik
    • Journal of Korea Port Economic Association
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    • v.36 no.3
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    • pp.115-136
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    • 2020
  • This study aims to analyze the impact of China's iron ore imports and exports on the tramper freight rate of China. The import volume of iron ore in China, the export volume of steel products in China, and exogenous variables were used as independent variables. The dependent variables were BDI, BCI, C5, C10, C14, BSI, S2, and S3. Correlation analysis and regression analysis were conducted. The correlation analysis showed that China's iron ore imports were not related to the remaining BDI, BCI, BSI, C5, C10, S2, and S3, except for the C14 index. However, there was a positive correlation between the ship's space and international oil prices, and it was not related to China's Purchasing Managers Index (PMI). The export volume of steel products was negatively correlated with BDI, BCI, BSI, C5, C10, C14, S2, S3, and international oil prices, and was not related to iron ore imports, ship space, and China's PMI. In the verification of the hypothesis between China's iron ore imports and exogenous variables, China's PMI was rejected within the hypothesis. However, the hypothesis on international oil prices and ship space was adopted. In the verification of the hypothesis between China's steel export volume and exogenous variables, the hypothesis on BDI and the S3 index was adopted, and the hypothesis on BSI and S2 was rejected. In the analysis results of this study, the ship space and oil prices were adopted in all the hypothesis results. Domestic companies participating in the tramper shipping market will need to be prepared through continuous monitoring of related indicators.

A Study on International Passenger and Freight Forecasting Using the Seasonal Multivariate Time Series Models (계절형 다변량 시계열 모형을 이용한 국제항공 여객 및 화물 수요예측에 관한 연구)

  • Yoon, Ji-Seong;Huh, Nam-Kyun;Kim, Sahm-Yong;Hur, Hee-Young
    • Communications for Statistical Applications and Methods
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    • v.17 no.3
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    • pp.473-481
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    • 2010
  • Forecasting for air demand such as international passengers and freight has been one of the main interests for air industries. This research has mainly focus on the comparison of the performances of the multivariate time series models. In this paper, we used real data such as exchange rates, oil prices and export amounts to predict the future demand on international passenger and freight.

The Building Energy Efficient Policy to Tackle Rising High Oil Prices in Korea (고유가시대에 대비한 건축물의 에너지효율화관련 시책 현황)

  • Jeong, Young-Sun;Choi, Gyoung-Seok;Kim, Kyoung-Woo;Kang, Jae-Sik;Lee, Seung-Eon
    • Proceedings of the SAREK Conference
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    • 2006.06a
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    • pp.959-964
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    • 2006
  • Recently, an international oil price shows fluctuation in 70 dollars per barrel and it is said that this trend is able to continues for much longer. Because energy consumption in buildings accounted for about 25% of the nation's total demand for energy, Energy censervation and efficiency of buildings were very important issues. Main political measures relating to building energy use and saving were 'the system of accrediting green building', 'building energy certification system', 'energy consumption efficiency rating indication system', 'building energy code', 'high efficient energy materials certification system'. This paper presents approaches to improve building energy efficiency policy.

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Transmission of Chinese Monetary Policy Shocks: Evidence from Korea (중국 통화정책 변화가 한국에 미치는 영향)

  • Cho, Yujeong
    • Economic Analysis
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    • v.27 no.4
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    • pp.43-69
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    • 2021
  • As the trade linkages and the financial relationship between China and Korea grow stronger, China's influence on Korea is also growing larger. Therefore, it is meaningful to examine key features of Chinese monetary policy operations and the current situation, and to analyze the transmission mechanism of China's monetary policy shocks onto the Korea economy. China's monetary policy shocks can have an impact on the Korea economy through the trade, financial and oil-price channels. In the trade channel, an expansionary Chinese monetary policy can increase Korea's exports of intermediate goods to China under the vertical trade structure, via the vertical trade integration effect. Meanwhile, the expenditure switching effect and the income demand effect show no statistical significance. In the financial and oil-price channels, expansionary Chinese monetary policy shocks can decrease the interest rate and increase both stock prices and the consumer price index in Korea through changes in global portfolio capital flows, interest rates, and raw material prices.

Review of property and utilization of oil crop for biodiesel (바이오디젤 원료작물의 기름 및 지방산 특성에 따른 활용방안 고찰)

  • Jang, Young-Seok;Kim, Kwang-Soo;Lee, Yong-Hwa;Cho, Hyeon-Jun;Suh, Sae-Jung
    • Journal of Plant Biotechnology
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    • v.37 no.1
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    • pp.25-46
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    • 2010
  • The demand for fuel and energy resources continues to grow due to increased consumption and emerging economies in all parts of the world. With this increase in demand, crude oil prices in the international market has jumped dramatically. Global warming, which is a consequence of increasing greenhouse gas (GHG) emissions, has become scientific, social, and political concerns. To cope with global warming and energy crisis, cost-competitive biofuels are urgently needed. In addition, development of an infrastructure, which supplies energy stably and diversifies energy resources, as well as new cost-saving technologies should be developed to reduce the costs of producing biofuels. Due to high oleic acid content, rapeseed (Brassica napus L.) is currently the potential feedstock for biodiesel production in temperate zone region and the production and use of rapeseed oil is already commercialized in Europe. In Korea double-cropping (rice and rapeseed) became more prevalent because it reduces competitions from land constraints. Production of rapeseed as a biodiesel feedstock may reduce the influence of rising oil prices and nation's dependence on imported petroleum and increase job opportunities and farm incomes.