Time-varying effects of crude oil price fluctuations on tuna fish prices

Pierre Failler, Yuhang Zheng, Yue Liu, Negar Akbari, Helga Josupeit, Ben Drakeford, Andrew Peter Forse

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This research presents an investigation of the time varying effects of crude oil on the price of three Tuna species, namely skipjack, albacore and yellow fin. The investigation analyses the impact coefficient of oil price fluctuation on tuna species over time with specific phases related to time points when crude oil prices fall, including December 2008 (due to the impact of the Financial Crisis), February 2016 (due to the impact of the US shale oil and gas revolution) and April 2020 (due to the impact of the global COVID-19). The analysis shows that the price of yellow fin and skipjack show sensitivity to these phased oil price shocks however stay consistent after recovery. This research finds that the relationship between oil price and Tuna price depend on specific phases of the oil price fluctuations and that global crude oil price shocks could have immediate and short-term impacts on fish markets especially during a period of financial crisis.
Original languageEnglish
Article number103
Number of pages9
JournalSustainable Economies
Issue number3
Publication statusPublished - 18 Apr 2024


  • tuna
  • oil price
  • commodity
  • Financial crisis
  • sustainability

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