OOIR: Observatory of International Research

Papers

(The median citation count of Journal of Commodity Markets is 3. The table below lists those papers that are above that threshold based on CrossRef citation counts [max. 250 papers]. The publications cover those that have been published in the past four years, i.e., from 2021-11-01 to 2025-11-01.)

Article	Citations
The economic impact of daily volatility persistence on energy markets	58
Weathering market swings: Does climate risk matter for agricultural commodity price predictability?	57
Financial investors and cross-commodity markets integration	47
Commodity momentum: A tale of countries and sectors	42
The strategic allocation to style-integrated portfolios of commodity futures	42
Carr and Wu’s (2020) framework in the oil ETF option market	41
Microstructure and high-frequency price discovery in the soybean complex	39
Editorial Board	38
Managing the oil market under misinformation: A reasonable quest?	30
Extremal dependence in Australian electricity markets	30
Coal price shock propagation through sectoral financial interconnectedness in China's stock market: Quantile coherency network modelling and shock decomposition analysis	29
Commodity prices under the threat of operational disruptions: Labor strikes at copper mines	28
Quantile dependencies and connectedness between stock and precious metals markets	24
Revisiting the Silver Crisis	24
The evolution of commodity market financialization: Implications for portfolio diversification	23
Editorial Board	22
Gold risk premium estimation with machine learning methods	22
Editorial Board	21
Equilibrium and real options in the ethanol industry: Modeling and empirical evidence	20
Do oil market shocks affect financial distress? Evidence from firm-level global data	20
Assessing government expenditures multipliers under oil price swings	20
Logistics competition between the U.S. and Brazil for soybean shipments to China: An optimized Monte Carlo simulation approach	18
The role of financial development in enhancing trades in environmental goods: International insights from 119 countries	18
The impact of economic policy uncertainties on the volatility of European carbon market	17
Impact of supply chain pressure on traditional energy and metal markets: A Wavelet-based Quantile-on-Quantile perspective	16

The sensitivity of oil price shocks to preexisting market conditions: A GVAR analysis	16
Did grain futures prices overreact to the Russia–Ukraine war due to herding?	16
Have the causal effects between equities, oil prices, and monetary policy changed over time?	16
Forecasting the dynamic relationship between crude oil and stock prices since the 19th century	15
Psychological price barriers, El Niño, La Niña: New insights for the case of coffee	15
Are shocks in the stock markets driven by commodity markets? Evidence from Russia-Ukraine war	15
Unveiling interconnectedness: Exploring higher-order moments among energy, precious metals, industrial metals, and agricultural commodities in the context of geopolitical risks and systemic stress	15
An R-vine copula analysis of non-ferrous metal futures with application in Value-at-Risk forecasting	14
Editorial Board	13
Financialization of commodity markets ten years later	13
Boring finance. Petroleum exploration and firm debt: Evidence from Norway	13
Short- and long-term forecasting of electricity prices using embedding of calendar information in neural networks	12
Commodity market downturn: Systemic risk and spillovers during left tail events	11
Oil–gas price relationships on three continents: Disruptions and equilibria	11
Editorial Board	11
Revisiting the pricing impact of commodity market spillovers on equity markets	10
Geopolitical risk and energy market tail risk forecasting: An explainable machine learning approach	10
Robust estimation of conditional risk measures using machine learning algorithm for commodity futures prices in the presence of outliers	10
The midstream amplifier: Risk spillovers in China's lithium supply chain from mining to batteries	10
The pass-through of macro variable to volatility co-movement among U.S. currency and commodity futures markets system	10
Fourteen large commodity trading disasters: What happened and what can we learn?	10
Intraday volatility transmission in global energy markets: A Bayesian nonparametric approach	9
Intrinsic decompositions in gold forecasting	9
How far is too far for volatility transmission?	9
Trading-hour and nontrading-hour volatility in crude oil and U.S. dollar markets and its implications for portfolio optimization	9
Time to get mature: Collateral, flexibility and the hedging horizon decision	9
The asymmetric effect of G7 stock market volatility on predicting oil price volatility: Evidence from quantile autoregression model	8
Systemwide directional connectedness from Crude Oil to sovereign credit risk	8
The effect of oil supply shocks on industry returns	8
Causality in the aluminum market	8
World regional natural gas prices: Convergence, divergence or what? New evidence	7
Commodity markets intervention: Consequences of speculation, and informed trading	7
A comparative study of factor models for different periods of the electricity spot price market	7
Modelling the evolution of wind and solar power infeed forecasts	7
When Chinese mania meets global frenzy: Commodity price bubbles	7
Forecasting volatility in commodity markets with long-memory models	7
Time-to-maturity and commodity futures return volatility: The role of time-varying asymmetric information	7
Predicting commodity returns: Time series vs. cross sectional prediction models	7
Forecasting the price of oil: A cautionary note	7
A quantitative model of sustainability risk in finance	7
Does safe haven exist? Tail risks of commodity markets during COVID-19 pandemic	7
Oil price volatility and corporate cash holding	6
The role of higher moments in predicting China's oil futures volatility: Evidence from machine learning models	6
Hedging with futures during nonconvergence in commodity markets	6
Assessing the impact of tax systems on investment incentives in future marine minerals projects on the Norwegian Continental Shelf	6
Performance of systemic stress in agricultural commodities and its implication for volatility prediction in SSA equities	6
Four Commitments of Traders Reports puzzles, revisited: Answers from grains and oilseeds futures markets	6
Rational destabilization in commodity markets	6
Editorial Board	6
Idiosyncratic information spillover and connectedness network between the electricity and carbon markets in Europe	6

Expected returns on commodity ETFs and their underlying assets	5
Bubbles in US gasoline prices: Assessing the role of hurricanes and anti–price gouging laws	5
How good are weather shocks for identifying energy elasticities? A LASSO-IV approach to European natural gas demand	5
USDA reports affect the stock market, too	5
The role of news sentiment in salmon price prediction using deep learning	5
Dynamic and asymmetric connectedness in the global “Carbon-Energy-Stock” system under shocks from exogenous events	5
Does public information facilitate price consensus? Characterizing USDA announcement effects using realized volatility	5
Understanding the variance of earnings growth: The case of shipping	5
Connectedness between green bonds, clean energy markets and carbon quota prices: Time and frequency dynamics	5
Blessings or curse: How do media climate change concerns affect commodity tail risk spillovers?	4
Theory of storage implications in the European natural gas market	4
How financial markets respond to climate policy uncertainty: A dynamic resilience analysis	4
Mine offtake contracting, strategic alliances and the equity market	4
Editorial Board	4
Evolution of the information transmission between Chinese and international oil markets: A quantile-based framework	4
Commodity futures hedge ratios: A meta-analysis	4
The relative pricing of WTI and Brent crude oil futures: Expectations or risk premia?	4
Editorial Board	4
Quantile spillovers and connectedness between oil shocks and stock markets of the largest oil producers and consumers	4
How are climate risk shocks connected to agricultural markets?	4
Warehouse load-out queues and aluminum prices	4
Speculation or actual demand? The return spillover effect between stock and commodity markets	3
Corporate commodity exposure: A multi-country longitudinal study	3
Carbon pricing and the commodity risk premium	3
Quantifying impacts of competition and demand on the risk for fertilizer plant locations	3
Sunshine vs. predatory trading effects in commodity futures markets: New evidence from index rebalancing	3
Editorial Board	3
Does commodity price uncertainty matter for the cost of credit? Evidence from developing and advanced economies	3
Seasonality patterns in LNG shipping spot and time charter freight rates	3
Common factors and the dynamics of cereal prices. A forecasting perspective	3
How does carbon market interact with energy and sectoral stocks? Evidence from risk spillover and wavelet coherence	3
Editorial Board	3
Implied parameter estimation for jump diffusion option pricing models: Pricing accuracy and the role of loss and evaluation functions	3
On the estimation of Value-at-Risk and Expected Shortfall at extreme levels	3
Diversification benefits of commodities in portfolio allocation: A dynamic factor copula approach	3
An analysis of the fuel price policy dilemma in Brazil	3
Profit margin hedging in the New Zealand dairy farming industry	3
Option pricing revisited: The role of price volatility and dynamics	3
The Fortune and crash of common risk factors in Chinese commodity markets	3
Forecasting crude oil returns with oil-related industry ESG indices	3
Oil jump tail risk as a driver of inflation dynamics	3
Editorial Board	3