Assessing the impact of the Russia–Ukraine war on energy prices: A dynamic cross-correlation analysis
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985556%3A_____%2F23%3A00583786" target="_blank" >RIV/67985556:_____/23:00583786 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S0378437123006398?via%3Dihub" target="_blank" >https://www.sciencedirect.com/science/article/pii/S0378437123006398?via%3Dihub</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.physa.2023.129084" target="_blank" >10.1016/j.physa.2023.129084</a>
Alternative languages
Result language
angličtina
Original language name
Assessing the impact of the Russia–Ukraine war on energy prices: A dynamic cross-correlation analysis
Original language description
The ongoing conflict between Russia and Ukraine has raised concerns about the stability of energy supplies from Russia, one of the largest crude oil, refined products and natural gas producers in the world. This study aims to assess the impact of the conflict on crude oil and refined product prices globally by applying bivariate and multivariate different cross-correlation methods to evaluate the prices relations covering three periods, namely (from February 2019 to February 2020, before Covid-19 pandemic and also before the Russia–Ukraine war), (from February 2021 to February 2022, during the Covid-19 pandemic and before the Russia–Ukraine war) and (from February 2022 to February 2023, during both the Covid-19 pandemic and Russia–Ukraine war). The results indicate a significant difference between and the other periods ( and ) for most bivariate pairs and multivariate groups. When comparing and , there was predominantly no significant difference for Heating Oil - Brent Crude Oil pair but a significant difference for Gasoil - Brent Crude Oil, suggesting a higher impact of the war on European diesel prices compared to the US diesel. Moreover, the adopted methods highlight the differential impacts and contagion effects observed in different energy commodities, emphasizing the complexity and unique dynamics within each market.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Physica. A : Statistical Mechanics and its Applications
ISSN
0378-4371
e-ISSN
1873-2119
Volume of the periodical
626
Issue of the periodical within the volume
1
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
21
Pages from-to
129084
UT code for WoS article
001070239100001
EID of the result in the Scopus database
2-s2.0-85169573939