Search Results
Showing results 1 to 5 of approximately 5.
(refine search)
Oil and Gas Sector Increasingly Influences U.S. Business Fixed Investment
As U.S. oil production has more than doubled over the past decade, the oil and gas sector has become more important to growth in non-residential investment.
Modern Refineries, Shale Boom Upend Traditional Oil Price Relationships
Different crude oils can sell for dramatically different prices with sometimes far-reaching effects on the energy industry—from impacts on oil producers’ production decisions to oil refineries’ profit margins.
Working Paper
Closer to One Great Pool? Evidence from Structural Breaks in Oil Price Differentials
We show that the oil market has become closer to "one great pool," in the sense that price differentials between crude oils of different qualities have generally become smaller over time. We document, in particular, that many of these quality-related differentials experienced a major structural break in or around 2008, after which there was a marked reduction in their means and, in many cases, volatilities. Several factors explain these shifts, including a growing ability of the global refinery sector to process lower-quality crude oil and the U.S. shale boom, which has unexpectedly boosted ...
Journal Article
Spotlight: Shale Oil Propels U.S. Crude Export Increase
Crude oil exports from the U.S. are rising, reaching 2.2 million barrels per day (mb/d) in June 2018, triple the 2016 average and the highest ever for the nation. More than 90 percent of crude exports this year have originated on the Gulf Coast, generating jobs, capital and income for ports in Houston and Corpus Christi.