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dc.contributor.authorMonge Moreno, Manuel 
dc.contributor.authorGil Alana, Luis A.
dc.description.abstractThis paper deals with the analysis of (spatial) crude oil production divergence in the United States, paying particular attention to the domestic crude oil production between PADD 2 and PADD 3, which are the areas in which the bottleneck occurs and has a direct implication on the price of West Texas Intermediate (WTI). To this purpose, we use techniques based on fractional integration, fractional cointegration VAR (FCVAR) and wavelet analysis. Monthly data related to the oil production in the U.S. by regions (Anadarko, Appalachia, Bakken, Eagle Ford, Haynesville, Niobrara and Permian) from January 2007 to June 2020 are used. The results, using fractional integration and cointegration techniques, indicate that the time series analyzed are highly persistent and there is evidence of long run equilibrium relationships in some of the series. Finally, using wavelet analysis, we conclude that the most affected areas are Anadarko, Appalachia, Haynesville and Niobrara where an increase in the shale oil production is followed a decrease in WTI crude oil
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España*
dc.subjectShale oil total productionspa
dc.subjectWTI crude Oil pricespa
dc.subjectSpatial crude oil price divergencespa
dc.subjectFractional integrationspa
dc.subjectFCVAR modelspa
dc.subjectWavelet analysisspa
dc.titleSpatial crude oil production divergence and crude oil price behaviour in the United
dc.typejournal articlespa
dc.rights.accessRightsopen accessspa
dc.description.extent1644 KBspa

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Atribución-NoComercial-SinDerivadas 3.0 España
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