The Essential Role of Pandemics: A Fresh Insight Into the Oil Market

2020168 citationsJournal Articlediamond Open Access

Authors

Meng Qin · Chinese Academy of Governance

Yuchen Zhang · Central Committee of the Communist Party of China

Abstract

This paper probes the interrelationship between pandemics and oil prices. It shows that the pandemics may reduce the oil demand, causing oil prices to decrease, which is inconsistent with the predictions of the intertemporal capital asset pricing model. The implication of this study is that the oil market should not be ignored when analyzing the effect of pandemics.

Topics & Keywords

Market Dynamics and Volatility COVID-19 Pandemic Impacts Energy, Environment, Economic Growth

UN Sustainable Development Goals

Good health and well-being

Publication Details

Published in: Energy RESEARCH LETTERS

Volume 1, Issue 1

DOI: 10.46557/001c.13166

Field-Weighted Citation Impact: 36.45