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The effects of global, regional, and local macroeconomic events on the price of the colombian Castilla blend

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dc.contributor.authorCayón Fallon, Edgardospa
dc.contributor.authorGarzón, Natalia Andreaspa
dc.contributor.authorPérez, Juan Sebastianspa
dc.contributor.orcidCayón Fallon, Edgardo [0000-0002-4113-5521]
dc.contributor.scopusCayón Fallon, Edgardo [56395390800]
dc.contributor.scopusGarzón, Natalia Andrea [57210050805]
dc.contributor.scopusPérez, Juan Sebastian [57211788615]
dc.date.accessioned2023-06-21T22:23:05Z
dc.date.available2023-06-21T22:23:05Z
dc.date.issued2019-10-04
dc.description.abstractenglishThe Castilla blend is a heavy crude produced in the plain fields of Colombia and is similar to the heavy crudes produced in other countries in the Western hemisphere. One characteristic of this type of crude is that it is sold at a discount rate that can oscillate between a 4- and 10-dollar discount from benchmark indices such as the intercontinental exchange index and the West Texas Intermediate Index. In the present study, we used event study methodology to determine the impact of global, regional, and local macroeconomic news, as well as the Organization of the Petroleum Exporting Countries (OPEC) announcements on the Castilla blend price. We found that even though OPEC announcements have a higher impact on prices, macroeconomic news that comes as a surprise from global and regional players had a significant impact on the Castilla blend price for the period under study from 2010 to 2019.eng
dc.description.orcidhttps://orcid.org/0000-0002-4113-5521
dc.description.scopushttps://www.scopus.com/authid/detail.uri?authorId=56395390800
dc.description.scopushttps://www.scopus.com/authid/detail.uri?authorId=57210050805
dc.description.scopushttps://www.scopus.com/authid/detail.uri?authorId=57211788615
dc.identifier.doihttps://doi.org/10.32479/ijeep.8220
dc.identifier.eissn2146-4553
dc.identifier.instnameinstname:Colegio de Estudios Superiores de Administración – CESA
dc.identifier.reponamereponame:Biblioteca Digital – CESA
dc.identifier.repourlrepourl:https://repository.cesa.edu.co/
dc.identifier.urihttp://hdl.handle.net/10726/5085
dc.language.isoeng
dc.publisherEconjournals
dc.relation.citationendpage123
dc.relation.citationissue6
dc.relation.citationstartpage118
dc.relation.citationvolume9
dc.relation.ispartofjournalInternational Journal of Energy Economics and Policy
dc.rights.accessrightsinfo:eu-repo/semantics/openAccess
dc.rights.coarhttp://purl.org/coar/access_right/c_abf2
dc.rights.localAbierto (Texto Completo)
dc.subject.proposalOil
dc.subject.proposalColombia
dc.subject.proposalMacroeconomic Events
dc.titleThe effects of global, regional, and local macroeconomic events on the price of the colombian Castilla blendeng
dc.typearticle
dc.type.coarhttp://purl.org/coar/resource_type/c_2df8fbb1
dc.type.coarversionhttp://purl.org/coar/version/c_71e4c1898caa6e32
dc.type.driverinfo:eu-repo/semantics/article
dc.type.redcolhttp://purl.org/redcol/resource_type/ART
dc.type.versioninfo:eu-repo/semantics/acceptedVersion

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