Effects of Oil Supply Disruptions on Oil Exporters, Importers

Wataru Miyamoto, Thuy Lan Nguyen and Dmitriy Sergeyev

FRBSF Economic Letter, 2026, vol. 2026, issue 27, 6

Abstract: Economies may face different challenges during oil supply disruptions depending on whether they primarily import or export oil. Comparing the effects of past disruptions in Canada, a large net oil exporter, and the euro area, a large oil importer, suggests that both experienced rising inflation and declining economic activity. This reflects that the energy sector accounts for a small share of GDP, while oil prices affect global demand and nonenergy sectors. Thus, benefits to the energy sector from higher oil prices were outweighed by the costs to the broader economy.

Keywords: oil supply; oil supply disruptions; exports; imports (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.frbsf.org/wp-content/uploads/el2026-27.pdf PDF - view (application/pdf)
https://www.frbsf.org/research-and-insights/public ... exporters-importers/ FRBSF - view

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedfel:103857

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in FRBSF Economic Letter from Federal Reserve Bank of San Francisco Contact information at EDIRC.
Bibliographic data for series maintained by Federal Reserve Bank of San Francisco Research Library ().