The rapid growth of ASEAN economies, the People's Republic of China and India (called ACI henceforth) — major drivers of Asia and the world economy — during the last five decades has caused significant strains on their scarce resources, particularly energy and contributed to serious problems...

This paper investigates the evolution of the world crude oil market and the pricing power for major oil-producing and oil-consuming countries using graph theory. A minimal spanning tree for the world crude oil market is constructed and some empirical results are given. The integration of the...

This paper investigates the interdependent relationship between WTI returns and the newly published crude oil volatility index (OVX), combining a cross-correlation function approach, a time-varying parameter (TVP) GARCH model, and a multivariate regression analysis, by which the direction,...

In this paper, the spatial characteristics of current global oil trade patterns are investigated by proposing a new indicator Moran-F. Meanwhile, the factors that influence the formation of oil trade patterns are identified by constructing four different kinds of spatial econometric models. The...

The import risks confronting oil consumers are influenced by transport conditions, oil prices, geopolitics, etc. This paper constructs an evaluation framework for oil import security from a perspective of supply chain process, and builds a two-phase DEA-like model to evaluate oil import...

A multiproduct portfolio hedge ratio strategy for oil futures is investigated using a multivariate GARCH model based on dynamic conditional correlation and an error correction model (DCC-ECM-MVGARCH). By considering the characteristics of refiner profits from crack spread and the mutual...