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Proceedings of the 1st International Conference on Contemporary Risk Studies, ICONIC-RS 2022, 31 March-1 April 2022, South Jakarta, DKI Jakarta, Indonesia

Research Article

How Exchange Rate, Refinery Capacity, Consumption, and Petroleum Power Generation Respond to the Risk of Oil Import Shocks

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  • @INPROCEEDINGS{10.4108/eai.31-3-2022.2320959,
        author={David  Peterson},
        title={How Exchange Rate, Refinery Capacity, Consumption, and Petroleum Power Generation Respond to the Risk of Oil Import Shocks},
        proceedings={Proceedings of the 1st International Conference on Contemporary Risk Studies, ICONIC-RS 2022, 31 March-1 April 2022, South Jakarta, DKI Jakarta, Indonesia},
        publisher={EAI},
        proceedings_a={ICONIC-RS},
        year={2022},
        month={8},
        keywords={import petroleum var irf},
        doi={10.4108/eai.31-3-2022.2320959}
    }
    
  • David Peterson
    Year: 2022
    How Exchange Rate, Refinery Capacity, Consumption, and Petroleum Power Generation Respond to the Risk of Oil Import Shocks
    ICONIC-RS
    EAI
    DOI: 10.4108/eai.31-3-2022.2320959
David Peterson1,*
  • 1: Universitas Pertamina
*Contact email: davepeter998@gmail.com

Abstract

Indonesia's oil reserves and oil availability currently show a dwindling supply while consumption of oil has increased continuously. As consequence Indonesia import a lot of petroleum that always fluctuated. This study aimed to analyses how exchange rate, refinery capacity, consumption, and petroleum power generation respond to Indonesia’s crude oil import that is a risk of shock. The data were from British Petroleum and CEIC and used the Vector Autoregressive (VAR) method and a test of Impulse Response Function (IRF). The results show that the exchange rate and power generation variables petroleum give a fluctuating response when there is a shock of oil imports, and vice versa. In contrast, the variables of refinery capacity and oil consumption give a negative response on oil import when there is a shock of oil imports.

Keywords
import petroleum var irf
Published
2022-08-30
Publisher
EAI
http://dx.doi.org/10.4108/eai.31-3-2022.2320959
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