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

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

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.

Suggested Citation

  • Yang, Yu & Poon, Jessie P.H. & Liu, Yi & Bagchi-Sen, Sharmistha, 2015. "Small and flat worlds: A complex network analysis of international trade in crude oil," Energy, Elsevier, vol. 93(P1), pages 534-543.
    • Handle: RePEc:eee:energy:v:93:y:2015:i:p1:p:534-543
    DOI: 10.1016/j.energy.2015.09.079
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    References listed on IDEAS

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