Small and flat worlds: A complex network analysis of international trade in crude oil

Yu Yang; Jessie P.H. Poon; Yi Liu; Sharmistha Bagchi-Sen

doi:10.1016/j.energy.2015.09.079

Small and flat worlds: A complex network analysis of international trade in crude oil

Yu Yang, Jessie P.H. Poon, Yi Liu, Sharmistha Bagchi-Sen

Research output: Contribution to journal › Article › peer-review

93 Scopus citations

Abstract

Global competition for crude oil has increased in the past decade with the entry of industrializing nations such as China and India. Yet we still do not know much about the spatial structure of crude oil commodity trade and its evolution over time. In this paper, we apply complex network analysis to examine the geography of global crude oil flows and its evolution based on the United Nations commodity trade database from 1988 to 2013. Attention is given to the geo-visualization of the networks that trace the rise and decline of oil hubs. The results show that world crude oil is characterized by network characteristics that capture both small world and flat world properties.

Original language	English (US)
Pages (from-to)	534-543
Number of pages	10
Journal	Energy
Volume	93
DOIs	https://doi.org/10.1016/j.energy.2015.09.079
State	Published - Dec 15 2015
Externally published	Yes

Keywords

Complex networks
Crude oil trade
Flat world
GIS (geographical information system)
Small world

ASJC Scopus subject areas

Civil and Structural Engineering
Modeling and Simulation
Renewable Energy, Sustainability and the Environment
Building and Construction
Fuel Technology
Energy Engineering and Power Technology
Pollution
Mechanical Engineering
General Energy
Management, Monitoring, Policy and Law
Industrial and Manufacturing Engineering
Electrical and Electronic Engineering

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10.1016/j.energy.2015.09.079

Cite this

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title = "Small and flat worlds: A complex network analysis of international trade in crude oil",

abstract = "Global competition for crude oil has increased in the past decade with the entry of industrializing nations such as China and India. Yet we still do not know much about the spatial structure of crude oil commodity trade and its evolution over time. In this paper, we apply complex network analysis to examine the geography of global crude oil flows and its evolution based on the United Nations commodity trade database from 1988 to 2013. Attention is given to the geo-visualization of the networks that trace the rise and decline of oil hubs. The results show that world crude oil is characterized by network characteristics that capture both small world and flat world properties.",

keywords = "Complex networks, Crude oil trade, Flat world, GIS (geographical information system), Small world",

author = "Yu Yang and Poon, {Jessie P.H.} and Yi Liu and Sharmistha Bagchi-Sen",

note = "Funding Information: Support from the National Natural Science Foundation of China under Grant No. 41401132 , No. 41371141 and No. 41430636 is acknowledged. The authors also appreciate financial support provided by the China Scholarship Council . Publisher Copyright: {\textcopyright} 2015 Elsevier Ltd.",

year = "2015",

month = dec,

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doi = "10.1016/j.energy.2015.09.079",

language = "English (US)",

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pages = "534--543",

journal = "Energy",

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T2 - A complex network analysis of international trade in crude oil

AU - Yang, Yu

AU - Poon, Jessie P.H.

AU - Liu, Yi

AU - Bagchi-Sen, Sharmistha

N1 - Funding Information: Support from the National Natural Science Foundation of China under Grant No. 41401132 , No. 41371141 and No. 41430636 is acknowledged. The authors also appreciate financial support provided by the China Scholarship Council . Publisher Copyright: © 2015 Elsevier Ltd.

PY - 2015/12/15

Y1 - 2015/12/15

N2 - Global competition for crude oil has increased in the past decade with the entry of industrializing nations such as China and India. Yet we still do not know much about the spatial structure of crude oil commodity trade and its evolution over time. In this paper, we apply complex network analysis to examine the geography of global crude oil flows and its evolution based on the United Nations commodity trade database from 1988 to 2013. Attention is given to the geo-visualization of the networks that trace the rise and decline of oil hubs. The results show that world crude oil is characterized by network characteristics that capture both small world and flat world properties.

AB - Global competition for crude oil has increased in the past decade with the entry of industrializing nations such as China and India. Yet we still do not know much about the spatial structure of crude oil commodity trade and its evolution over time. In this paper, we apply complex network analysis to examine the geography of global crude oil flows and its evolution based on the United Nations commodity trade database from 1988 to 2013. Attention is given to the geo-visualization of the networks that trace the rise and decline of oil hubs. The results show that world crude oil is characterized by network characteristics that capture both small world and flat world properties.

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KW - Flat world

KW - GIS (geographical information system)

KW - Small world

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Small and flat worlds: A complex network analysis of international trade in crude oil

Abstract

Keywords

ASJC Scopus subject areas

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