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 2022-06-01 to 2026-06-01.)

Article	Citations
The strategic allocation to style-integrated portfolios of commodity futures	67
Carr and Wu’s (2020) framework in the oil ETF option market	60
Financial investors and cross-commodity markets integration	60
The economic impact of daily volatility persistence on energy markets	57
Weathering market swings: Does climate risk matter for agricultural commodity price predictability?	56
Microstructure and high-frequency price discovery in the soybean complex	53
Commodity momentum: A tale of countries and sectors	43
Editorial Board	38
Commodity prices under the threat of operational disruptions: Labor strikes at copper mines	37
Managing the oil market under misinformation: A reasonable quest?	34
Coal price shock propagation through sectoral financial interconnectedness in China's stock market: Quantile coherency network modelling and shock decomposition analysis	34
Extremal dependence in Australian electricity markets	31
Revisiting the Silver Crisis	31
Quantile dependencies and connectedness between stock and precious metals markets	31
From Paris to Pandemic: How climate risk and policy uncertainty shapes fossil and clean Energy commodities	31
The oil industry chain under climate risk: Evidence from China's listed oil companies	29
Editorial Board	27
The evolution of commodity market financialization: Implications for portfolio diversification	27
The role of financial development in enhancing trades in environmental goods: International insights from 119 countries	26
Equilibrium and real options in the ethanol industry: Modeling and empirical evidence	25
Editorial Board	22
Gold risk premium estimation with machine learning methods	21
Assessing government expenditures multipliers under oil price swings	21
Logistics competition between the U.S. and Brazil for soybean shipments to China: An optimized Monte Carlo simulation approach	20
Do oil market shocks affect financial distress? Evidence from firm-level global data	19

What factors play an important role in crude oil returns forecasting? New evidence from group predictors and multiple time scales	19
The impact of economic policy uncertainties on the volatility of European carbon market	19
Did grain futures prices overreact to the Russia–Ukraine war due to herding?	18
Beyond price co-movement: Market efficiency multiscale and heterogeneous transmission in the petrochemical futures chain	18
Impact of supply chain pressure on traditional energy and metal markets: A Wavelet-based Quantile-on-Quantile perspective	17
The sensitivity of oil price shocks to preexisting market conditions: A GVAR analysis	17
Psychological price barriers, El Niño, La Niña: New insights for the case of coffee	16
Have the causal effects between equities, oil prices, and monetary policy changed over time?	15
Quantifying electricity market stress: Constructing and validating the stress index with evidence from India	15
Interconnectedness and time-frequency spillover effects in crude oil, green finance and non-ferrous metal Markets: A high moments analysis	14
Unveiling interconnectedness: Exploring higher-order moments among energy, precious metals, industrial metals, and agricultural commodities in the context of geopolitical risks and systemic stress	14
Carbon pricing, commodity markets, and economic stability: Evidence from the EU ETS	13
Financialization of commodity markets ten years later	13
Does climate policy uncertainty impact gold-mining stock returns? International evidence	12
Are shocks in the stock markets driven by commodity markets? Evidence from Russia-Ukraine war	12
Boring finance. Petroleum exploration and firm debt: Evidence from Norway	12
Editorial Board	12
Short- and long-term forecasting of electricity prices using embedding of calendar information in neural networks	11
Geopolitical risk and energy market tail risk forecasting: An explainable machine learning approach	11
Fourteen large commodity trading disasters: What happened and what can we learn?	11
Dynamic effects of the global common volatility on precious metals and energy markets: Fourier quantile-on-quantile and Fourier quantile regressions	11
Commodity market downturn: Systemic risk and spillovers during left tail events	11
Oil–gas price relationships on three continents: Disruptions and equilibria	11
Intraday market momentum in coffee futures: Dynamics and drivers	11
Revisiting the pricing impact of commodity market spillovers on equity markets	10
The pass-through of macro variable to volatility co-movement among U.S. currency and commodity futures markets system	10
Volatility connectedness and its sources between crude oil and commodity sectors: Evidence from China	10
Policy uncertainty and volatility spillovers in European electricity markets: Implications for market dynamics and innovation	10
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	9
Intrinsic decompositions in gold forecasting	9
The midstream amplifier: Risk spillovers in China's lithium supply chain from mining to batteries	9
Rockets and feathers in the oil and gasoline markets: In-depth analysis of three asymmetries	9
Forecasting volatility in commodity markets with long-memory models	9
Intraday volatility transmission in global energy markets: A Bayesian nonparametric approach	8
Systemwide directional connectedness from Crude Oil to sovereign credit risk	8
How far is too far for volatility transmission?	8
World regional natural gas prices: Convergence, divergence or what? New evidence	8
A quantitative model of sustainability risk in finance	8
Causality in the aluminum market	8
A comparative study of factor models for different periods of the electricity spot price market	8
Time-to-maturity and commodity futures return volatility: The role of time-varying asymmetric information	8
Trading-hour and nontrading-hour volatility in crude oil and U.S. dollar markets and its implications for portfolio optimization	8
Does safe haven exist? Tail risks of commodity markets during COVID-19 pandemic	8
Forecasting the price of oil: A cautionary note	8
Predicting commodity returns: Time series vs. cross sectional prediction models	8
Assessing the impact of tax systems on investment incentives in future marine minerals projects on the Norwegian Continental Shelf	7
Four Commitments of Traders Reports puzzles, revisited: Answers from grains and oilseeds futures markets	7
Commodity markets intervention: Consequences of speculation, and informed trading	7
Hedging with futures during nonconvergence in commodity markets	7

Political risk and commodity currencies	7
When Chinese mania meets global frenzy: Commodity price bubbles	7
Detecting strategic bidding and market manipulation in electricity markets: An ARMAX–GARCH anomaly-detection framework with evidence from Turkiye	7
The role of higher moments in predicting China's oil futures volatility: Evidence from machine learning models	7
Energy price uncertainty and sectoral tail risk: Evidence from quantile-on-quantile connectedness	6
Editorial Board	6
Understanding the variance of earnings growth: The case of shipping	6
USDA reports affect the stock market, too	6
Blessings or curse: How do media climate change concerns affect commodity tail risk spillovers?	5
Expected returns on commodity ETFs and their underlying assets	5
Performance of systemic stress in agricultural commodities and its implication for volatility prediction in SSA equities	5
How good are weather shocks for identifying energy elasticities? A LASSO-IV approach to European natural gas demand	5
The role of news sentiment in salmon price prediction using deep learning	5
Mine offtake contracting, strategic alliances and the equity market	5
Evolution of the information transmission between Chinese and international oil markets: A quantile-based framework	5
Climate policy uncertainty, investor behavior, and carbon market returns	5
Bubbles in US gasoline prices: Assessing the role of hurricanes and anti–price gouging laws	5
Connectedness between green bonds, clean energy markets and carbon quota prices: Time and frequency dynamics	5
Commodity futures hedge ratios: A meta-analysis	5
The relative pricing of WTI and Brent crude oil futures: Expectations or risk premia?	5
Editorial Board	5
Interactive effects of economic, geopolitical, and climate risks on commodity volatility	5
Dynamic and asymmetric connectedness in the global “Carbon-Energy-Stock” system under shocks from exogenous events	5
Oil price volatility and corporate cash holding	5
Does public information facilitate price consensus? Characterizing USDA announcement effects using realized volatility	5
How are climate risk shocks connected to agricultural markets?	5
Seasonal variation in the impact of solar power generation on electricity price level and variability	5
How financial markets respond to climate policy uncertainty: A dynamic resilience analysis	4
Corporate commodity exposure: A multi-country longitudinal study	4
Hedging shipping freight rates using conditional Value-at-Risk and Buffered Probability of Exceedance	4
Warehouse load-out queues and aluminum prices	4
When politics shakes the minerals: Unraveling non-linear horizon-specific herding effects of the US-China trade war	4
Common factors and the dynamics of cereal prices. A forecasting perspective	4
Speculative pressure, extreme connectedness, and price bubbles in oil and agricultural commodity markets	4
Jumps and jolts: A continuous-time model for electricity future contract pricing	4
Editorial Board	4
Quantile spillovers and connectedness between oil shocks and stock markets of the largest oil producers and consumers	4
Speculation or actual demand? The return spillover effect between stock and commodity markets	4
Profit margin hedging in the New Zealand dairy farming industry	4
How does carbon market interact with energy and sectoral stocks? Evidence from risk spillover and wavelet coherence	4
Theory of storage implications in the European natural gas market	4
An analysis of the fuel price policy dilemma in Brazil	4
Editorial Board	3
Diversification benefits of commodities in portfolio allocation: A dynamic factor copula approach	3
Editorial Board	3
Option pricing revisited: The role of price volatility and dynamics	3
On the estimation of Value-at-Risk and Expected Shortfall at extreme levels	3
Forecasting crude oil returns with oil-related industry ESG indices	3
Editorial Board	3
The Fortune and crash of common risk factors in Chinese commodity markets	3
Quantifying impacts of competition and demand on the risk for fertilizer plant locations	3
Oil jump tail risk as a driver of inflation dynamics	3
Carbon pricing and the commodity risk premium	3
Implied parameter estimation for jump diffusion option pricing models: Pricing accuracy and the role of loss and evaluation functions	3
Forecasting the U.S. season-average farm price of corn: Derivation of an alternative futures-based forecasting model	3
Editorial Board	3
The dynamics of energy transition metals under climate policy uncertainty	3
Editorial Board	3
The impact of public climate sentiment on systemic risk: Evidence from commodity and stock market systems	3
Seasonality patterns in LNG shipping spot and time charter freight rates	3
Sunshine vs. predatory trading effects in commodity futures markets: New evidence from index rebalancing	3
Does commodity price uncertainty matter for the cost of credit? Evidence from developing and advanced economies	3