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Using time series to analyze global oil demand trends

Year: 2004

Type: article

Abstract: Oil has emerged on the global scene as an essential source of energy and a strategic material for industry. This has influenced the increasing global demand for crude oil over the past decades and is expected to increase in the coming decades. Researchers have used the time series method to determine global demand trends, sources, and growth rates using different mathematical formulas, testing them, choosing the best ones, and preparing projections and forecasts of the phenomenon of global oil demand for the next decade. The issue of demand for crude oil concerns the countries consuming and producing it, considering it a cost to the consuming countries and a return to the countries producing it as a source of funding for their government budgets.

Source: Iraqi Journal for Administrative Sciences

DOI: 10.71207/ijas.v2i6.1600

Authors: Ali Jalal Hussein, Rashid Abdel Majeed Abdel Sattar, Hossam Najm

Institution: University of Baghdad

Language: English

Topic: Global Energy and Sustainability Research

Subfield: Renewable Energy, Sustainability and the Environment

Field: Energy

Domain: Physical Sciences

Open Access status: hybrid

OpenAlex ID: W7220408338

FWCI:

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Related to: 10