The influence of oil and energy consumption factors on fuel imports in former Soviet Union fuel economies

Abstract

Due to the extensive energy usage derived from oil and fossil fuels, excessive fuel import levels have recently become an international concern. This issue deserves the attention of researchers and regulators. Consequently, this study examines the influence of electricity production from oil sources (EPOR), fossil fuel energy consumption (FFEC), energy use, industrialization, and population growth on oil and fuel imports in the Former Soviet Union (FSU) fuel economies. From 2011 to 2020, the article uses data from a secondary source such as World Development Indicators (WDI). Methods of Moments-Quantile-Regression (MMQR) were used to evaluate the relationship between the constructs in this research. EPOR, FFEC, energy consumption, industrialization, and population growth were found to have a positive relationship with oil and fuel imports in FSU fuel economies. The article guides designing laws to reduce oil and fuel imports by limiting oil and fuel-derived energy use.