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Higher Oil Prices: Asian Perspective and Implications for 2004-2005

dc.contributor.authorCyn-Young Park
dc.date.accessioned2015-01-24T13:13:44Z
dc.date.available2015-01-24T13:13:44Z
dc.date.issued2004-06-01
dc.identifier.issn1655-5260
dc.identifier.urihttp://hdl.handle.net/11540/1447
dc.description.abstractHigher oil prices are descending upon the nascent global economic recovery. Strong demand growth driven by the global recovery, combined with continuing instability in the Middle East, appears to underpin the oil price rally. The latest data on oil production and consumption from the International Energy Agency (IEA) suggest that tight supply conditions continue on higher than expected growth in global demand, partly reflecting fast-growing energy demand from Asia. Given the relatively low inventory level and the limited refinery capacity, effects of supply interruption can be quite detrimental, which spurs speculative activities. The risk premium on fear of terror in addition to the tight market outlook appears to send the price of oil futures even higher in the short run. The development in the futures market - partly responsible for the hike of oil prices - implies that the recent rally in oil prices could stay.
dc.languageEnglish
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.titleHigher Oil Prices: Asian Perspective and Implications for 2004-2005
dc.typeBriefs
dc.subject.expertAid And Development
dc.subject.expertAsian Development Bank
dc.subject.expertComprehensive Development Framework
dc.subject.expertDevelopment Cooperation
dc.subject.expertDevelopment Management
dc.subject.expertDevelopment Planning
dc.subject.expertDevelopment Strategies
dc.subject.expertGas Development
dc.subject.expertGas Market Development
dc.subject.expertOil and Gas Industry
dc.subject.expertNatural Gas Industry
dc.subject.expertGas Industry
dc.subject.adbRural planning
dc.subject.adbAid coordination
dc.subject.adbIndustrial projects
dc.subject.adbInfrastructure projects
dc.subject.adbNatural resources policy
dc.subject.adbEducational development
dc.subject.adbGas Reserve
dc.subject.adbGas Distribution
dc.subject.adbOil and Gas Leases
dc.subject.adbNatural Gas
dc.subject.naturalCommunication in rural development
dc.subject.naturalCommunication in community development
dc.subject.naturalEconomic development projects
dc.subject.naturalDevelopment banks
dc.subject.naturalEconomic forecasting
dc.subject.naturalEnvironmental auditing
dc.subject.naturalCumulative effects assessment
dc.subject.naturalHuman rights and globalization
dc.subject.naturalGasoline
dc.subject.naturalNatural gas supply
dc.subject.naturalOffshore oil and gas leases
dc.subject.naturalGas leases
dc.subject.naturalNatural gas reserves
dc.subject.naturalFertilizers and manures
dc.subject.naturalGasoline pump industry
dc.title.seriesERD Policy Briefs
dc.title.volumeno 28
dc.contributor.imprintAsian Development Bank
oar.themeDevelopment
oar.themeIndustry
oar.adminregionAsia and the Pacific Region
oar.countryBangladesh
oar.countryBhutan
oar.countryIndia
oar.countryMaldives
oar.countryNepal
oar.countrySri Lanka
oar.countryBrunei Darussalam
oar.countryBrunei Darussalam
oar.countryCambodia
oar.countryIndonesia
oar.countryLao People's Democratic Republic
oar.countryMalaysia
oar.countryMyanmar
oar.countryPhilippines
oar.countrySingapore
oar.countryThailand
oar.countryViet Nam
oar.countryCook Islands
oar.countryFiji
oar.countryKiribati
oar.countryMarshall Islands
oar.countryMicronesia, Federated States of
oar.countryNauru
oar.countryPalau
oar.countryPapua New Guinea
oar.countrySamoa
oar.countrySolomon Islands
oar.countryTimor-Leste
oar.countryTonga
oar.countryTuvalu
oar.countryVanuatu
oar.countryAfghanistan
oar.countryArmenia
oar.countryAzerbaijan
oar.countryGeorgia
oar.countryKazakhstan
oar.countryKyrgyz Republic
oar.countryPakistan
oar.countryTajikistan
oar.countryTurkmenistan
oar.countryUzbekistan
oar.countryChina, People’s Republic of
oar.countryHong Kong, China
oar.countryChina, People’s Republic of
oar.countryRepublic of Korea
oar.countryMongolia
oar.countryTaipei,China
oar.identifierOAR-002031
oar.authorPark, Cyn-Young
oar.importtrue
oar.googlescholar.linkpresenttrue


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    The Asian Development Bank publishes various briefs about its projects, partnerships, and policies in different sectors in different countries. The aim of these briefs is to inform readers about developments, thematic and sector research, economic reports, partnership updates, or policy and strategy issues in a quick-disseminating format.

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