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Nafta i Plin, Vol. 41. No. 170. - 171., 2022.

Stručni rad

Analysis of oil price fluctuations during SARS-Cov-2 pandemic and comparison with the historical oil price volatility on the world market

Marin Njirić
Daria Karasalihović Sedlar

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str. 97-104

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Sažetak

Oil plays a major role in the economic development of any country. It is a strategic commodity and its price has an impact on different economic sectors, political and economic developments, movements in stock market indices and the global economy in general. In the past, the world witnessed different oil price shocks, which would make many countries or companies either generate significant profit or suffer a crisis. During the SARS-Cov-2 pandemic, oil prices plunged sharply, and this paper gives an analysis of this price drop compared with oil price fluctuations during previous crises.

Ključne riječi

oil price; oil crises; pandemic

Hrčak ID:

271434

URI

https://hrcak.srce.hr/271434

Datum izdavanja:

10.1.2022.

Podaci na drugim jezicima: hrvatski

Posjeta: 1.856 *

Publication date: 10 January 2022

Volume: 41

Issue: 170. - 171.

Pages: 97-104

DOI:

Article Information (continued)

Categories:

Subject: Stručni rad

Categories:

Subject: Professional Paper

Keywords:

Keyword: cijena nafte

Keyword: naftne krize

Keyword: pandemija

Keywords:

Keyword: oil price

Keyword: oil crises

Keyword: pandemic

Analiza kretanja cijene nafte u uvjetima pandemije virusa SARS-Cov-2 i usporedba s povijesnim kretanjem na svjetskom tržištu

Translated Title (en): Analysis of oil price fluctuations during SARS-Cov-2 pandemic and comparison with the historical oil price volatility on the world market

[ORCID] Marin Njirić[1]

Email: marinnjiric@gmail.com

 

Rudarsko-geološko-naftni fakultet Faculty of Mining, Geology and Petroleum Engineering Pierottijeva 6, 10000, Zagreb

[ORCID] Daria Karasalihović Sedlar[*][2]

 

Rudarsko-geološko-naftni fakultet Faculty of Mining, Geology and Petroleum Engineering Pierottijeva 6, 10000, Zagreb

Author notes:

Correspondence to: [*] Marin Njirić,Rudarsko-geološko-naftni fakultet,Pierottijeva 6, 10000, Zagreb marinnjiric@gmail.com

Abstract

U svjetskoj ekonomiji nafta zauzima jednu od najvažnijih uloga u gospodarskom razvoju svake zemlje. S obzirom da je strateški važna sirovina, njena cijena utječe na različite grane nacionalnih gospodarstava, kretanja političkih i gospodarskih trendova, kretanja indeksa na burzama te stanje svjetskog gospodarstva općenito. Tijekom povijesti, događali su se razni preokreti cijena nafte, čime bi mnoge zemlje ili tvrtke ostvarivale značajnu dobit ili upale u krizu. U razdoblju pandemije virusa SARS-CoV-2, cijena nafte drastično je potonula te se u ovom radu analizira taj pad cijene u usporedbi s cijenama tijekom prijašnjih kriza kroz povijest.

Translated Abstract

Oil plays a major role in the economic development of any country. It is a strategic commodity and its price has an impact on different economic sectors, political and economic developments, movements in stock market indices and the global economy in general. In the past, the world witnessed different oil price shocks, which would make many countries or companies either generate significant profit or suffer a crisis. During the SARS-Cov-2 pandemic, oil prices plunged sharply, and this paper gives an analysis of this price drop compared with oil price fluctuations during previous crises.

Uvod

Nafta je strateški jedna od najvažnijih sirovina na svijetu. Zbog nje su izbijali sukobi i vodili se ratovi. Politički vođe uvidjeli su da tko ima vlast nad sirovinom ima golemu stratešku i gospodarsku prednost. Tijekom cijele naftne komercijalne povijesti događali su se razni prevrati i krize vezane uz ponudu i potražnju i cijenu nafte na tržištu. U apsolutnom smislu najveći ekstremi u cijeni nafte zabilježeni su 2008. godine kada je cijena dosegnula 147 USD po barelu te 2020. godine kada je postignuta najniža cijena ikada u povijesti od -37 USD po barelu.

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