PSD Quantitative General Description: IP-PSD-1 The deadline for receipt of
assessment of Duration: 3 months applications is 29 March the relationship • The aim of this study is to quantitatively investigate the directional relation 2024. Acknowledgements between between crude oil commercial inventories and oil prices and the impact of the will only be sent to short- commercial commercial inventories on oil market. listed candidates. The inventories and • Assists in determining statistically significant correlations between crude oil oil prices in commercial inventories and oil prices through quantitative analysis. selection process will take OECD and non- • Supports in providing insights into the influence of fluctuations in commercial place on an on-going basis OECD countries inventories on the overall dynamics of the oil market. and the topics will be • Collaborates in the development of predictive models or patterns that can removed as soon as forecast potential trends or changes in oil prices based on commercial inventory candidates are selected. data. • Aids in assessing the risks associated with changes in commercial inventories to enhance understanding of potential market volatility. • Contributes to the research effort by providing assistance in generating valuable findings on the interplay between commercial inventories and oil prices, thereby enhancing understanding of this complex relationship. • The candidate is required to have a strong foundation in econometrics and modeling.