What drives the formation of global oil trade patterns?

A-Tier
Journal: Energy Economics
Year: 2015
Volume: 49
Issue: C
Pages: 639-648

Authors (3)

Zhang, Hai-Ying (not in RePEc) Ji, Qiang (Chinese Academy of Sciences) Fan, Ying (not in RePEc)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 findings indicate that most oil exporters have an obvious export focus in North America and a relatively balanced export in Europe and the Asia-Pacific region. Besides supply and demand factors, technological progress and energy efficiency have also significantly influenced the oil trade. Moreover, there is a spillover effect of trade flow among different regions, but its impact is weak. In addition, oil importers in the same region have the potential to cooperate due to their similar import sources. Finally, promotion of oil importers' R&D investments can effectively reduce the demand for global oil trade.

Technical Details

RePEc Handle
repec:eee:eneeco:v:49:y:2015:i:c:p:639-648
Journal Field
Energy
Author Count
3
Added to Database
2026-01-25