The dynamics of oil prices and valuation of oil derivatives

Over the last three decades financial derivatives, such as futures and options, have become increasingly important to financial institutions for the purposes of trading and risk management. In particular, commodity markets have undergone significant growth in terms of volumes and diversity of traded contracts. The most significant development since 2000 has been in the trading of commodity options. The London International Petroleum Exchange (IPE) and the New York Mercantile Exchange (NYMEX), as well as other exchanges, regularly introduce futures and options contracts on different commodity products. Further, the growth of over-the-counter trading in physical commodity options, such as oil, is increasing rapidly. The values of most financial derivatives asre based on the movement of the underlying assests on which the derivatives are written. Consequently, it is not a trivial task to quantify their price, although mathematics provides a powerful tool in order to do so

Associations Between Ambient Particle Radioactivity and Blood Pressure: The NAS (Normative Aging Study)

Background: The cardiovascular effects of low‐level environmental radiation exposures are poorly understood. Although particulate matter (PM) has been linked to cardiovascular morbidity and mortality, and elevated blood pressure (BP), the properties promoting its toxicity remain uncertain. Addressing a knowledge gap, we evaluated whether BP increased with higher exposures to radioactive components of ambient PM, herein referred to as particle radioactivity (PR). Methods and Results: We performed a repeated‐measures analysis of 852 men to examine associations between PR exposure and BP using mixed‐effects regression models. As a surrogate for PR, we used gross β activity, measured by the US Environmental Protection Agency's radiation monitoring network. Higher PR exposure was associated with increases in both diastolic BP and systolic BP, for exposures from 1 to 28 days. An interquartile range increase in 28‐day PR exposure was associated with a 2.95–mm Hg increase in diastolic BP (95% confidence interval, 2.25–3.66; P<0.001) and a 3.94–mm Hg increase in systolic BP (95% confidence interval, 2.62–5.27; P<0.001). For models including both PR and PM ≤2.5 µm, the PR‐BP associations remained stable and significant. For models including PR and black carbon or PR and particle number, the PR‐BP associations were attenuated; however, they remained significant for many exposure durations. Conclusions: This is the first study to demonstrate the potential adverse effects of PR on both systolic and diastolic BPs. These were independent and similar in magnitude to those of PM ≤2.5 µm, black carbon, and particle number. Understanding the effects of particle‐bound radionuclide exposures on BP may have important implications for environmental and public health policy

HYSOLAR. German-Saudi joint program on solar hydrogen production and utilization. Phase 2. 1992-1995

This is an overview on the Hysolar Program. In 1986 the FRG and the Kingdom of Saudi-Arabien agreed to cooperate in the Hysolar Program with the following overall objectives: - To attain the scientific an technological prerequisites for future solar hydrogen production and the utilization - to establish long-term cooperation between German and Saudi research institutions for technology transfer. (HW)SIGLEAvailable from TIB Hannover: F96B1679+a / FIZ - Fachinformationszzentrum Karlsruhe / TIB - Technische InformationsbibliothekBundesministerium fuer Bildung, Wissenschaft, Forschung und Technologie, Bonn (Germany)DEGerman

A Success Story in Controlling Sand and Dust Storms Hotspots in the Middle East

Using 30 years of satellite observations, two sand and dust storms (SDS) source locations (hotspots) were detected on the southern side of the Mesopotamian Flood Plain. Around 40 million people in the region are affected by the two hotspots, including populations in Iraq, Iran, Kuwait, Saudi Arabia, Qatar, Bahrain, and Emirates. Both hotspots encompass roughly 8212 km2 and contribute 11% to 85% in 2005 and 2021, respectively, of the total SDS in the region. Dust physical (particle surface area and size percentages) and chemical (mineralogy, major and trace elements, and radionuclides) properties show close similarities between source and downwind samples during SDS originated solely from the two hotspots. Deposited dust size particles show a finning trend towards the north in the Middle East compared to the south. A comprehensive assessment of the chemical and physical properties of soil and dust samples was conducted as an essential step in developing and implementing a mitigation plan in order to establish a success story in reducing SDS, improving air quality, and benefiting the gulf countries and neighboring regions

Exploring the reported adverse effects of COVID-19 vaccines among vaccinated Arab populations: a multi-national survey study

Abstract The coronavirus disease 2019 (COVID-19) pandemic has been a major challenge worldwide for the past years with high morbidity and mortality rates. While vaccination was the cornerstone to control the pandemic and disease spread, concerns regarding safety and adverse events (AEs) have been raised lately. A cross-sectional study was conducted between January 1st and January 22nd, 2022, in six Arabic countries namely Saudi Arabia, Egypt, Syria, Libya, Iraq, and Algeria. We utilized a self-administered questionnaire validated in Arabic which encompassed two main parts. The first was regarding sociodemographic data while the second was about COVID-19 vaccination history, types, doses, and experienced AEs. A multistage sampling was employed in each country, involving the random selection of three governorates from each country, followed by the selection of one urban area and one rural area from each governorate. We included the responses of 1564 participants. The most common AEs after the first and second doses were local AEs (67.9% and 46.6%, respectively) followed by bone pain and myalgia (37.6% and 31.8%, respectively). After the third dose, the most common AEs were local AEs (45.7%) and fever (32.4%). Johnson and Johnson, Sputnik Light, and Moderna vaccines showed the highest frequency of AEs. Factors associated with AEs after the first dose included an increase in age (aOR of 61–75 years compared to the 12–18 years group: 2.60, 95% CI: 1.59–4.25, p = 0.001) and male gender (OR: 0.72, 95% CI: 0.63–0.82, p < 0.001). The cumulative post-vaccination COVID-19 disease was reported with Sinovac (16.1%), Sinopharm (15.8%), and Johnson and Johnson (14.9) vaccines. History of pre-vaccination SARS-CoV-2 infection significantly increases the risk of post-vaccination COVID-19 after the first, second, and booster doses (OR: 3.09, CI: 1.9–5.07, p < 0.0001; OR: 2.56, CI: 1.89–3.47, p < 0.0001; and OR: 2.94, CI: 1.6–5.39, p = 0.0005 respectively). In conclusion, AEs were common among our participants, especially local AEs. Further extensive studies are needed to generate more generalizable data regarding the safety of different vaccines