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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Energyarrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Energy
Article . 2021 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
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Geopolitical risk and crude oil security: A Chinese perspective

Authors: Kai-Hua Wang; Chi-Wei Su; Muhammad Umar;

Geopolitical risk and crude oil security: A Chinese perspective

Abstract

Abstract This paper employs the mixed-frequency vector autoregression (MF-VAR) to assess the causal relationship between geopolitical risk (GPR) and crude oil security (COS) for China. In contrast to prior papers, we regard GPR as an independent variable rather than including it in the indicator system and construct oil supply and price channels to better understand how GPR influences Chinese COS. The mixed-frequency data regression provides a new insight that quarterly geopolitical risk threatens Chinese oil security, and a time-varying nexus is discovered in different quarters within a one-year period. Therefore, the Chinese state-owned oil giants should implement diversified strategies such as equity acquisition and oil field investment to ensure a stable crude oil supply. China also needs to construct friendly relations with oil-exporting countries and join United Nations activities such as Somali escorts and peacekeeping in Africa to protect oil production and transportation. The establishment of crude oil futures dominated by the RMB is an effective way to strengthen oil affordability to cope with the oil price volatility caused by geopolitical instabilities.

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
157
Top 1%
Top 10%
Top 0.1%