 What factors contribute to the mutual dependence degree of China in its crude oil trading relationship with oil-exporting countries?Shuying He and Kun Guo Energy, 2021, vol. 228, issue C Abstract: As Chinese dependence on foreign oil increases over years, oil security becomes one of the top concerns of policy makers. China’s initiative in its various crude oil trading relationships is closely related to its energy security. Therefore, it is helpful to explore factors that are correlated with Chinese activeness and passiveness in its oi trading relationships. This paper explores factors that possibly affect the position of China in its crude oil trading relationships which is quantified by the mutual dependence degree (MDD). The higher the MDD, the more active China is in its crude oil trading relationships. The results show that China has greatly diversified its crude oil import sources and has occupied an active position in its trading relationships with its major oil suppliers. In general, MDD is primarily determined by the oil consumption of China and the oil production of the oil-exporting country. In other words, one’s initiative in the oil trading relationship depends on how significant one is as an oil demander or an oil supplier. Keywords: Crude oil trade; Mutual dependence degree; Guarantee degree; Dependence degree (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:228:y:2021:i:c:s0360544221007969 DOI: 10.1016/j.energy.2021.120547 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.