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This article makes four contributions. First, it investigates the extent to which the U.S. fracking boom has caused Arab oil exports to decline since late 2008. Second, the article quantifies for the first time by how much the U.S. fracking boom has lowered the global price of oil. Using a novel econometric methodology, it is shown that in mid-2014, for example, the Brent price of crude oil was lower by $10 than it would have been in the absence of the fracking boom. Third, the article provides evidence that the decline in Saudi net foreign assets between mid-2014 and August 2015 would have been reduced by 27% in the absence of the fracking boom. Finally, the article discusses the policy choices faced by Saudi Arabia and other Arab oil producers.

Producers have to guarantee the extra virgin olive oil (EVOO) quality characteristics reported in the Regulation (CEE) 2568/91 throughout the product shelf-life (SL). Unfortunately, due to the development of oxidative reactions, some quality indices change during storage leading to a progressive deterioration of EVOO quality. To avoid the risk of product downgrading in the virgin oil category, the development of effective shelf-life prediction models is extremely important for the olive oil industry. In this research, the accelerated shelf-life testing (ASLT) protocol was applied to evaluate the temperature dependence of selected oxidation indexes as well as to develop a shelf-life predictive model. The evolution of conventional (peroxide value, K232, K270, polyphenols, tocopherols and hexanal) and unconventional parameters (conjugated trienes and pyropheophytin a) was monitored in bottled EVOO stored in the dark at increasing temperature (25, 40, 50 and 60 °C). Accordingly, for well-packed products with reduced oxygen in headspace, the best shelf-life index allowing the ability to predict EVOO SL turned out to be K270. In addition, pyropheophytin a (%) has been shown to be more sensitive to temperature changes than the secondary oxidation indices, thus suggesting its use as a freshness indicator for storage temperatures higher than 25 °C.

This paper aims to investigate the time-varying influences of major crude oil-producing countries on Brent oil prices, with seven-panel data over the observation years of 1998 to 2018. We create seven panels with 36 monthly data for each and estimate the contributions of individual producing countries to oil price changes with a multivariate regression technique of ordinary least squares. Most existing researches have focused on identifying relationships among oil price, market fundamental factors, macroeconomic variables, and geopolitical events in broad perspectives. However, this paper undertakes a longitude/panel analysis of nine oil producers’ influences, with the Organisation for Economic Co-operation and Development (OECD) consumption and the U.S. Dollar Index (USDX) on oil prices in each panel and intends to identify which producers have statistically significant influencing weights on oil prices. We believe that this research contributes to the body of knowledge in better understanding the relative impacts of major oil-producing countries. Results show empirical evidences that the Organization of the Petroleum Exporting Countries (OPEC) production stayed as the greatest negative influence on the oil price in the periods of Panel 2 (2001–2003) and Panel 7 (2016–2018) only, while the U.S. Dollar Index took over the OPEC’s influencing role in most of the other periods, followed by Iran, the U.S., and China.

Very high viscosity significantly impacts the mobility of heavy crude oil representing difficulties in production and a decrease in the well’s efficiency. Downhole electric heating delivers a uniform injection of heat to the fluid and reservoir, resulting in a substantial decrease in dynamic viscosity due to its exponential relationship with temperature and a drop in frictional losses between the production zone and the pump intake. Therefore, this study predicts temperature and viscosity profiles in heavy oil-production wells implementing a downhole induction heater employing a simplified CFD model. For the development of the research, the geometry model was generated in CAD software based on the geometry provided by the BCPGroup and simulated in specialized CFD software. The model confirmed a 46.1% effective decrease of mean 12° API heavy-oil dynamic viscosity compared with simulation results without heating. The developed model was validated with experimental data provided by the BCPGroup, obtaining an excellent agreement with 0.8% and 15.69% mean error percentages for temperature and viscosity, respectively. Furthermore, CFD results confirmed that downhole electrical induction heating is an effective method for reducing heavy-oil dynamic viscosity; however, thermal effects in the reservoir due to heat penetration were insignificant. For this study, the well will remain stimulated.

Palm oil’s utilization as a renewable energy (RE) source has led the government to intervene by introducing emission reduction projects. Carbon trading projects are part of the strategic direction adopted within the climate mitigation plan and sustainability drive in the palm oil industry. The perquisites and opportunities encountered within emissions trading are expected to aid palm oil producers economically, environmentally, and socially. This study addresses and analyses how the carbon trading projects’ targets in Malaysia can be achieved, the problematic, and pressing issues around their implementation and whether these projects are sustainable and create a positive impact. This paper is based on literature reviews and semi-structured interviews with expert palm oil producers in Malaysia. The findings have revealed that carbon trading implementation in Malaysia has delivered new insights towards the international climate policy approach on the feasibility and impact of long-term sustainability goals. However, the impact of the implementation needs support from the government for further development. In conclusion, the major contribution of this study is that the carbon trading implementation in Malaysia complies with the objectives and principles of sustainable development and creates a significant influx in investment for Malaysia’s economic growth.

The Gulf of Guinea's tremendous potential is creating investment opportunities for the region. Some of its resources, such as oil, minerals, and forests, continue to attract significant investments whereas others, like natural gas, could be exploited to their full potential if necessary investments were undertaken. Nevertheless, the Gulf of Guinea has to cope with numerous challenges, both exogenous and endogenous, before it can fully benefit from its riches. One of these problems stems from the overwhelmingly weak institutions and governance, pointed by stylized facts, which add to the risks of \"natural resource curse\" and can feed the theory of the \"Paradox of Plenty.\" The case is made that regional institutional arrangements and increased involvement of the international community and the African Diaspora should complement the efforts in which countries in the region should engage to address policy and governance issues. Complementary avenues are proposed, including maintaining stability and security, making better use of the region's own assets, putting in place a favorable business environment, and augmenting exports with value addition.