An empirical analysis for the import risk of China's petroleum products based on the improved portfolio approach

Wu Gang; Yi Ming Wei; Fan Ying

doi:10.1109/ICSET.2008.4746972

An empirical analysis for the import risk of China's petroleum products based on the improved portfolio approach

Wu Gang^*
, Yi Ming Wei
, Fan Ying

^*Corresponding author for this work

CAS - Institutes of Science and Development
Harvard University
Cornell University

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

2 Scopus citations

Abstract

This paper explores the relationship between diversification and oil supply security risks, and quantifies the diversification index of China's petroleum products import during 1994-2006, and analyzes the relationship between the China's monthly petroleum products import prices and New York Harbor spot prices. Accordingly, we calculate the systematic and specific risk index of China's petroleum products import over the period 1995-2006 based on the improved risk index model. The results show the improved portfolio risk index model reflects the impact of international oil prices, diversification, imports, and geopolitics factors etc., on oil import risk and its changes, and it is not enough for China to only increase the number of import sources to reduce import risk.

Original language	English
Title of host publication	2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008
Pages	57-62
Number of pages	6
DOIs	https://doi.org/10.1109/ICSET.2008.4746972
State	Published - 2008
Externally published	Yes
Event	2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008 - Singapore, Singapore Duration: 24 Nov 2008 → 27 Nov 2008

Publication series

Name	2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008

Conference

Conference	2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008
Country/Territory	Singapore
City	Singapore
Period	24/11/08 → 27/11/08

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy

Access to Document

10.1109/ICSET.2008.4746972

Cite this

Gang, W., Wei, Y. M., & Ying, F. (2008). An empirical analysis for the import risk of China's petroleum products based on the improved portfolio approach. In 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008 (pp. 57-62). Article 4746972 (2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008). https://doi.org/10.1109/ICSET.2008.4746972

@inproceedings{281446da38514625800da00efe25c1ee,

title = "An empirical analysis for the import risk of China's petroleum products based on the improved portfolio approach",

abstract = "This paper explores the relationship between diversification and oil supply security risks, and quantifies the diversification index of China's petroleum products import during 1994-2006, and analyzes the relationship between the China's monthly petroleum products import prices and New York Harbor spot prices. Accordingly, we calculate the systematic and specific risk index of China's petroleum products import over the period 1995-2006 based on the improved risk index model. The results show the improved portfolio risk index model reflects the impact of international oil prices, diversification, imports, and geopolitics factors etc., on oil import risk and its changes, and it is not enough for China to only increase the number of import sources to reduce import risk.",

author = "Wu Gang and Wei, \{Yi Ming\} and Fan Ying",

year = "2008",

doi = "10.1109/ICSET.2008.4746972",

language = "英语",

isbn = "9781424418886",

series = "2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008",

pages = "57--62",

booktitle = "2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008",

note = "2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008 ; Conference date: 24-11-2008 Through 27-11-2008",

}

Gang, W, Wei, YM & Ying, F 2008, An empirical analysis for the import risk of China's petroleum products based on the improved portfolio approach. in 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008., 4746972, 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008, pp. 57-62, 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008, Singapore, Singapore, 24/11/08. https://doi.org/10.1109/ICSET.2008.4746972

An empirical analysis for the import risk of China's petroleum products based on the improved portfolio approach. / Gang, Wu; Wei, Yi Ming; Ying, Fan.
2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008. 2008. p. 57-62 4746972 (2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

TY - GEN

T1 - An empirical analysis for the import risk of China's petroleum products based on the improved portfolio approach

AU - Gang, Wu

AU - Wei, Yi Ming

AU - Ying, Fan

PY - 2008

Y1 - 2008

N2 - This paper explores the relationship between diversification and oil supply security risks, and quantifies the diversification index of China's petroleum products import during 1994-2006, and analyzes the relationship between the China's monthly petroleum products import prices and New York Harbor spot prices. Accordingly, we calculate the systematic and specific risk index of China's petroleum products import over the period 1995-2006 based on the improved risk index model. The results show the improved portfolio risk index model reflects the impact of international oil prices, diversification, imports, and geopolitics factors etc., on oil import risk and its changes, and it is not enough for China to only increase the number of import sources to reduce import risk.

AB - This paper explores the relationship between diversification and oil supply security risks, and quantifies the diversification index of China's petroleum products import during 1994-2006, and analyzes the relationship between the China's monthly petroleum products import prices and New York Harbor spot prices. Accordingly, we calculate the systematic and specific risk index of China's petroleum products import over the period 1995-2006 based on the improved risk index model. The results show the improved portfolio risk index model reflects the impact of international oil prices, diversification, imports, and geopolitics factors etc., on oil import risk and its changes, and it is not enough for China to only increase the number of import sources to reduce import risk.

UR - https://www.scopus.com/pages/publications/62949192156

U2 - 10.1109/ICSET.2008.4746972

DO - 10.1109/ICSET.2008.4746972

M3 - 会议稿件

AN - SCOPUS:62949192156

SN - 9781424418886

T3 - 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008

SP - 57

EP - 62

BT - 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008

T2 - 2008 IEEE International Conference on Sustainable Energy Technologies, ICSET 2008

Y2 - 24 November 2008 through 27 November 2008

ER -

An empirical analysis for the import risk of China's petroleum products based on the improved portfolio approach

Abstract

Publication series

Conference

UN SDGs

Access to Document

Other files and links

Fingerprint

Cite this