Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/16606
Appears in Collections:Economics Journal Articles
Peer Review Status: Refereed
Title: Measuring the security of energy exports demand in OPEC economies
Authors: Dike, Jude C.
Contact Email: j.c.dike@stir.ac.uk
Keywords: Energy exports
Energy demand security
OPEC
Issue Date: Sep-2013
Publisher: Elsevier
Citation: Dike, J. C., 2013. Measuring the security of energy exports demand in OPEC economies. Energy Policy, 60, 594–600
Abstract: One of the objectives of OPEC is the security of demand for the crude oil exports of its members. Achieving this objective is imperative with the projected decline in OECD countries' crude oil demand among other crude oil demand shocks. This paper focuses on determining the external crude oil demand security risks of OPEC member states. In assessing these risks, this study introduces two indexes. The first index, Risky Energy Exports Demand (REED), indicates the level of energy export demand security risks for OPEC members. It combines measures of export dependence, economic dependence, monopsony risk and transportation risk. The second index, Contribution to OPEC Risk Exposure (CORE), indicates the individual contribution of the OPEC members to OPEC's risk exposure. This study utilises the disaggregated index approach in measuring energy demand security risks for crude oil and natural gas and involves a country level analysis. With the disaggregated approach, the study shows that OPEC's energy export demand security risks differ across countries and energy types.
Type: Journal Article
URI: http://hdl.handle.net/1893/16606
DOI Link: http://dx.doi.org/10.1016/j.enpol.2013.05.086
Rights: The publisher does not allow this work to be made publicly available in this Repository. Please use the Request a Copy feature at the foot of the Repository record to request a copy directly from the author. You can only request a copy if you wish to use this work for your own research or private study.
Affiliation: Stirling Management School

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