Browsing BI Open by Author "Gundersen, Thomas Størdal"
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The Impact of U.S. Supply Shocks on the Global Oil Price
Gundersen, Thomas Størdal (Peer reviewed; Journal article, 2020)I examine the role of the U.S. shale oil boom in driving global oil prices. Using a structural vector autoregressive (SVAR) model that identifies separate oil supply shocks for the U.S. and OPEC, I find that U.S. supply ... -
OPEC’s Crude Game: Strategic Competition and Regime-switching in Global Oil Markets
Gundersen, Thomas Størdal; Hvinden, Even Soltvedt (CAMP Working Paper Series;01/2021, Working paper, 2021-01-25)We develop a model of oligopolistic competition under imperfect monitoring and dynamic observable demand. Efficient symmetric equilibria feature disciplined cooperative regimes interrupted by rare but severe price wars. ... -
The U.S Shale Oil Boom: The Impact of U.S. Supply Shocks on the Global Oil Price
Gundersen, Thomas Størdal; Plosnić, Nils B. Løchen (Master thesis, 2016)We examine the role of the U.S. shale oil boom in driving global oil prices. We give a brief discussion of the recent developments in the oil markets, paying special attention to the U.S. shale oil boom. We estimate a ...