Oil Market
Project Background
Developments in the oil market underpin global economic growth. There is an expansive literature which examines key empirical questions in modelling the oil market. We seek to add to that literature by not only considering traditional fundamentals but also sentiment, expectations and uncertainty.
Research Questions
- In addition to supply and demand factors, what drives oil prices?
- How should we model uncertainty in the oil market?
Methods
- Empirical Methods
- Bayesian Econometrics
- Stochastic Volatility
Project Participants
- Professor Bing Xu
- Dr Erkal Ersoy
- Joe Byrne
- Marco Lorusso - Newcastle University