The efficiency of international oil markets in incorporating US announcements during conflict and non-conflict periods

Heather Tarbert, Marco G.D. Guidi, Alexander Russell

Research output: Contribution to journalArticle

Abstract

World oil demands have been forecast to grow by 60% by 2030. This increasing demand, coupled with decreasing reserves, means that access to future oil supplies will be of enhanced concern to western governments from both a military and a political perspective. The ongoing conflict in Iraq, with its consequent impact on oil price rises and volatility, may be testimony to this concern. This article assesses the efficiency of international oil markets to assimilate US announcement information during conflict and non-conflict periods over an extended period of time.
Original languageEnglish
Pages (from-to)67-86
Number of pages20
JournalPetroleum Accounting and Financial Management Journal
Volume26
Issue number2
Publication statusPublished - 2007
Externally publishedYes

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