Diaspora of Energy: A Case of Oil Production and Consumption

Authors

  • Muzammil Khurshid Department of Banking and Finance, University of the Punjab, Gujranwala Campus, Pakistan
  • Muhammad Azeem Department of Management Sciences, University of Central Punjab, Gujranwala Campus, Pakistan
  • Nisar Ahmad Hailey College of Commerce, University of the Punjab, Lahore, Pakistan
  • Jamshaid Ur Rehman Department of Economics, Government College University Lahore, Pakistan
  • Sajjad Umar University of the Punjab, Gujranwala Campus, Pakistan

DOI:

https://doi.org/10.32479/ijeep.15376

Keywords:

Oil Prices, OPEC Countries, Capital Market

Abstract

The study evaluates the nexus among oil prices, macro-economic indicators and stock returns of three Asian emerging oil-importing and three Asian emerging oil-exporting economies over a period from 2014 to 2019 on monthly observations. The study has made use of measure of association by applying VAR methodology. The results of the study indicate that oil prices movements have substantial impact on stock market trends whereas, the said impact varies depending upon the inherited macroeconomic condition of county. As regarding the oil-exporting countries the movement of oil prices is also equally important for the stock market behavior.

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Published

2024-07-05

How to Cite

Khurshid, M., Azeem, M., Ahmad, N., Rehman, J. U., & Umar, S. (2024). Diaspora of Energy: A Case of Oil Production and Consumption. International Journal of Energy Economics and Policy, 14(4), 195–206. https://doi.org/10.32479/ijeep.15376

Issue

Vol. 14 No. 4 (2024)

Section

Articles

License

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