Modeling systemic risk of crude oil imports: Case of China’s global oil supply chain

Ways to accurately identify and measure systemic risk of oil imports continues to be the focus of intense research because of the increasing importance of energy security. This study reexamines the risk of oil imports from the perspective of global oil supply chain (OSC) and designs a standardized framework of four risk factors, that is, availability, accessibility, affordability and acceptability risk. The former three factors reveal the...