Publications

Assessing Impacts of Global Economic Dynamics on the Saudi Economy and Oil Production: A GVAR Analysis

Commodity Insights Digest

Jennifer Considine, Philipp Galkin, Emre Hatipoglu, Abdullah Aldayel

Anticipating Trend Shifts in Oil Prices Using the Crude Oil Storage Index

Philipp Galkin, Jennifer Considine

The dynamics of crude oil prices have been characterized by a pronounced price trend, high-intensity jumps, and volatility. The price trend can be divided into three distinct categories: rising, falling, and “choppy sideways” or range bound in what is commonly…

Galkin, Philipp

Considine, Jennifer

BRICS+ and the Future of Commodity Markets

Majed A. Al Suwailem, Philipp Galkin

The dissolution of the Soviet Union in late 1991 marked a pivotal shift in the global economic landscape, ushering in an era characterized by increased market openness and economic integration. The years following have been symbolized by the formation of…

Al Suwailem, Majed A.

Galkin, Philipp

Phantom Oil Movements: An Investigation into Opaque Ship- to-Ship Operations and Their Role in Sanction Evasion

Majed A. Al Suwailem, Philipp Galkin, Fahad Alyahya

The transportation and distribution of large volumes of oil, gas, and refined products over long distances are enabled primarily by marine shipping. Transborder pipelines serve as an additional method for transporting oil and gas. However, these pipelines are typically more…

Al Suwailem, Majed A.

Galkin, Philipp

Alyahya, Fahad

Critical Minerals and the Oil Industry: The Impact of a Positive Shock to Critical Mineral and World Oil Prices

Jennifer Considine, Abdullah Aldayel, Philipp Galkin, Emre Hatipoglu

The term “critical minerals” (CMs) refers to a distinct category of commodities, such as rare earths, critical earth minerals, and other non-fuel minerals or mineral materials that are of strategic importance to national economies and technical development and that have…

Considine, Jennifer

Aldayel, Abdullah

Galkin, Philipp

Hatipoglu, Emre

The Effects of a Shock to Critical Minerals Prices on the World Oil Price and Inflation

Science Direct

Jennifer Considine, Philipp Galkin, Emre Hatipoglu, Abdullah Aldayel

World Oil and Critical Mineral Study: A Global VAR Analysis

Jennifer Considine, Abdullah Aldayel, Philipp Galkin, Emre Hatipoglu

Critical minerals (CMs), such as lithium, cobalt, nickel, and rare earth metals, are essential for the development of clean energy technologies across the whole value chain of wind and solar power, electricity networks, and electric vehicles (EVs). Demand for these…

Considine, Jennifer

Aldayel, Abdullah

Galkin, Philipp

Hatipoglu, Emre

Reconsidering Inventories: An International Strategy for Strategic Storage Assets

Jennifer Considine, Philipp Galkin, Majed A. Al Suwailem, Abdullah Aldayel

The purpose of this report is to recommend an interconnected regional and international strategy to share the burden of developing and maintaining commercial and strategic storage infrastructure for Saudi crude oil and products through an alliance with the Gulf Cooperation…

Considine, Jennifer

Galkin, Philipp

Al Suwailem, Majed A.

Aldayel, Abdullah

Cost‒Benefit Analysis for Petrochemical Projects

Philipp Galkin, Dongmei Chen, Colin Ward

Cost‒benefit analysis (CBA) has been used to assess investment projects for decades with the aim of quantifying their externalities and potential impacts on social welfare. However, the domain where CBA is applied has been primarily limited to direct public financing…

Galkin, Philipp

Chen, Dongmei

Ward, Colin

Chapter 5: China’s energy investment through the lens of the Belt and Road Initiative

Dongmei Chen, Philipp Galkin

The Belt and Road Initiative (BRI): Progress Amid Controversies Overview of the BRI President Xi Jinping announced the BRI in 2013 during his official visits to Kazakhstan and Indonesia. The vision for a Silk Road Economic Belt connecting Central Asia…

Chen, Dongmei

Galkin, Philipp

Capturing the Value From Supply-Side Shocks in the Heavy Crude Market

Philipp Galkin, Jennifer Considine, Evar Umeozor

The Russian-Ukraine conflict and sanctions on Russian crude oil flows have significantly affected world oil markets. Price volatility has increased, flows have been re-directed and there is considerable uncertainty concerning future energy policy. The implications of these changes affect all…

Galkin, Philipp

Considine, Jennifer

Umeozor, Evar

Global Crude Oil Storage Index: A New Benchmark for Energy Policy

Jennifer Considine, Philipp Galkin, Abdullah Aldayel

The global oil market dwarfs other commodity markets. Its size and role in the energy and industrial value chains underscore its significant economic and geopolitical impacts. Thus, the consequences of oil price fluctuations extend far beyond the oil industry and…

Considine, Jennifer

Galkin, Philipp

Aldayel, Abdullah

Inventories and the Term Structure of Oil Prices: A Complex Relationship

Elsevier

Jennifer Considine, Abdullah Aldayel, Philipp Galkin

Volatility, Contango, and Crude Oil Inventories: A Complex Relationship

Business School University of Colorado Denver

Jennifer Considine, Philipp Galkin, Abdullah Aldayel

The RCEP and its Potential Impact on Saudi Regional Exports

Philipp Galkin, Dongmei Chen

On November 15, 2020, 10 Southeast Asian economies, joined by Australia, China, Japan, New Zealand and South Korea, formed the Regional Comprehensive Economic Partnership (RCEP) – the world’s largest trading bloc, representing about a third of the global economy (BBC…

Galkin, Philipp

Chen, Dongmei

Extreme Market Distortions Canadian Crude Oil Flows

Jennifer Considine, Philipp Galkin, Abdullah Aldayel

With extensive natural resources and strategic access to both the Atlantic and Pacific basins, Canada has the potential to become a global energy powerhouse – provided that the nation is successful in alleviating its infrastructure bottlenecks. According to the United…

Considine, Jennifer

Galkin, Philipp

Aldayel, Abdullah

Energy Security and Portfolio Diversification: The Exporter’s Perspective

Philipp Galkin, Carlo Andrea Bollino

Despite the increasing attention paid to energy security and the continuously broadening scope of the field, the perspective of energy importing countries (i.e., supply security) has overshadowed that of exporters, who seek to ensure demand security. As official statements and…

Galkin, Philipp

Bollino, Carlo Andrea

Balancing Energy Security Priorities: Portfolio Optimization Approach to Oil Imports

Taylor & Francis Online

The notion of energy security in most interpretations includes the physical supply and price affordability components, making financial risks a crucial part of energy security strategies. Mainstream analysis has focussed on the notion of the physical supply. This paper introduces…

Philipp Galkin, Simona Bigerna, Carlo Andrea Bollino

Bridging the Gaps and Mitigating the Risks: Tackling the Challenges of Sustainable Crossborder Energy Infrastructure Finance

T20

Efforts to integrate cross-border energy infrastructure and regional power markets have been gaining momentum worldwide. Such efforts have the potential of optimizing regional generation resources, delivering more variable renewable energy to the grid, and improving social equity through more reliable…

Philipp Galkin, Dongmei Chen, Qiankun Wang, Xinyue Ma, Yongzhong Wang, Feng Zhou

Market Structure, Inventories and Oil Prices: An Empirical Analysis

Jennifer Considine, Philipp Galkin, Abdullah Aldayel

Understanding the relationship between crude oil prices and inventory levels is critical for policymakers and economic actors. The size of the ‘basis,’ or spread between spot and futures prices, reflects the level of inventories and can trigger arbitrage trading. The…

Considine, Jennifer

Galkin, Philipp

Aldayel, Abdullah