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Values and Prices of Main Oil Derivatives on the West European Market During 2006 and 2007

Zlatko Hill ; DSc.
Saša Vujinović ; Mr. sc., CROSCO Naftni servisi d.o.o.


Full text: croatian pdf 81 Kb

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Abstract

Analysis of mutual movements of prices for oil and main oil derivatives – premium gasoline, diesel and heavy fuel oil applicable on the market of Northwest Europe in the last two whole years, as well as determination of relationships between them – draws the attention to characteristic tendencies of changed relationships between these prices.
By monitoring the movement of relationships between prices for oil and oil derivatives through simple processing of statistical data according to the model which is the subject of this paper and based on its understanding, more reliable follow-up and even prediction of short-term – daily oscillations in prices of oil derivatives based on daily changes of oil prices, becomes possible. The method is based on practically constant average arithmetic and geometric relationships between the prices for oil derivatives and oil regardless of the intense oscillations of these prices in recent years. Possible deviations of above relationships (motor gasoline and diesel fuel) can be explained by the actual change in relationships of their market values based on very gradual and permanent change between supply and demand, which also proportionally follows all speculative financial and stock exchange impacts on the price of oil in the period under review.

Keywords

price of oil; price of oil derivatives; relationships between prices; statistics

Hrčak ID:

46154

URI

https://hrcak.srce.hr/46154

Publication date:

31.1.2009.

Article data in other languages: croatian

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