Oil shocks and trade networks: How Israel, South Korea, and Poland leveraged oil imports to access new regional markets
Journal: Energy Research & Social Science
Year: 2025

Studies on oil price shocks focus either on their macroeconomic consequences or on their effects on bilateral political relations between major oil suppliers and consumers. However, they overlook the effect of these shocks on second-degree political and economic relations created through oil trade on the margins of the market. This study examines how periods of price shocks in the global oil markets allow non-major oil importers to increase their degree of centrality within new trade networks. I