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An analysis of OPEC oil production reaction to non-OPEC oil supply

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  • Kisswani, Khalid M.
  • Lahiani, Amine
  • Mefteh-Wali, Salma

Abstract

This paper examines the impact of non-OPEC oil supply on OPEC oil production level at different quantiles of the OPEC production empirical distribution. It employs the Quantile Autoregressive Distributed Lags (QARDL) model that allows to probe simultaneously short-term connections and long-run cointegrating relationships across a range of quantiles. The analysis is undertaken using monthly data from January 1993 to March 2020.

Suggested Citation

  • Kisswani, Khalid M. & Lahiani, Amine & Mefteh-Wali, Salma, 2022. "An analysis of OPEC oil production reaction to non-OPEC oil supply," Resources Policy, Elsevier, vol. 77(C).
    • Handle: RePEc:eee:jrpoli:v:77:y:2022:i:c:s0301420722001027
    DOI: 10.1016/j.resourpol.2022.102653
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    More about this item

    Keywords

    OPEC production; Non-OPEC production; Oil price; Quantiles;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General

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