In recent years, the international oil price has fluctuated violently, bringing about huge risk for the international oil trade. In fact, the risk of crude oil and petroleum product imports is different because of the different import origins and prices. Which import risk is lower for China?...

Based on time series of crude oil prices (daily spot), this paper analyses price fluctuation with two significant parameters [tau] (speculators' time scales of investment) and [epsilon] (speculators' expectations of return) by using Zipf analysis technique, specifically, by mapping [tau]-returns...

This paper investigates the interactive relationships between oil price shocks and Chinese stock market using multivariate vector auto-regression. Oil price shocks do not show statistically significant impact on the real stock returns of most Chinese stock market indices, except for...

The mechanism of coal-electricity price linkage is a key issue in electricity and coal market reform in China. In this paper we study the impact of the coal-electricity price linkage mechanism on the profit margin of the Chinese power generation company GENCO based on a game model. The results...

Coal is the dominating energy source in China. Although the supply and demand of coal has kept equilibrium along with China's continuous and steady economic development in recent years, the sustainable production ability has been seriously decreasing. In this paper, a system dynamics model is...