Asymmetric Effects of Prices and Storage on Rig Counts: Evidence from the US Natural Gas and Crude Oil Markets

Asymmetric Effects of Prices and Storage on Rig Counts: Evidence from the US Natural Gas and Crude Oil Markets

This study empirically investigates the asymmetric effects of spot (future) prices and storage on rig counts in the US natural gas and crude oil markets from January 1986 to May 2020. It adopts the Nonlinear Autoregressive Distributed Lag (NARDL) model and establishes a flexible and efficient framew...

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Bibliographic Details
Main Authors: Song-Zan Chiou-Wei, Sheng-Hung Chen, Wei-Hung Chen
Format: Article
Language:English
Published: MDPI AG 2023-08-01
Series:Energies
Subjects:
rig counts
natural gas market
crude oil market
storage
stocks
Nonlinear Autoregressive Distributed Lag (NARDL) model
Online Access:https://www.mdpi.com/1996-1073/16/15/5752

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