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Russia-Ukraine War and US Oil Prices

Author

Listed:
  • Isaac Appiah-Otoo

    (College of Management Science, Chengdu University of Technology, China)

Abstract

This study analysed the influence of the ongoing Russia–Ukraine war on US oil prices. The quantile regression estimates revealed that the war increased oil prices. The wavelet coherence analysis also revealed that the war played a key role in oil prices. The study suggested policies that reduced oil prices, such as transition towards renewable energy sources and the provision of government incentives, to minimize the impact of the war.

Suggested Citation

  • Isaac Appiah-Otoo, 2023. "Russia-Ukraine War and US Oil Prices," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 4(1), pages 1-5.
    • Handle: RePEc:ayb:jrnerl:71
    DOI: 2023/03/14
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    References listed on IDEAS

    as
    1. Wang, Qingfeng & Sun, Xu, 2017. "Crude oil price: Demand, supply, economic activity, economic policy uncertainty and wars – From the perspective of structural equation modelling (SEM)," Energy, Elsevier, vol. 133(C), pages 483-490.
    2. Isaac Appiah-Otoo, 2021. "Impact of Economic Policy Uncertainty on Renewable Energy Growth," Energy RESEARCH LETTERS, Asia-Pacific Applied Economics Association, vol. 2(1), pages 1-5.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Oil prices; Oil price volatility; Russia–Ukraine war;
    All these keywords.

    JEL classification:

    • C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
    • Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply; Prices

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