Considine, Jennifer

07 January 2025

We analyze oil price dynamics in the long-, medium and short-term by using the world crude storage index (COSI), a global index reflecting spread options values from crude oil at major ports around the world for all of the major competing crudes.

20 November 2023

he California Gold Rush was a time of exuberance and technological development in the mining sector and exhibits significant parallels with shale development that are worth exploring. The easy wins of the pioneers gave way to larger organizations with better funding and technology, s...

26 September 2023

he 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 Council (GC...

06 July 2020

The general theory of storage suggests that the level of inventories is a key factor in determining the structure of the oil futures curve, or the basis, over time. The basis is the difference between the price of oil in the futures market and the price of oil in the spot marke... 

24 February 2020

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 basis also refle...

23 January 2020

In this paper, joint oil stockpiling (JOS) refers to a commercial arrangement whereby crude oil, owned and commercially traded by an exporting country, is stored in an importing country in exchange for priority drawdown by the host country in the event of an emergency. It can t... 

16 January 2020

In recent years, global oil markets have experienced intensified competition driven by growing surpluses of lighter crude and shale oil. As their margins have shrunk, many producers have increased output in order to boost revenue, adding to the oversupply. Meanwhile, global market dy...

18 December 2019

In the race to secure customers on competitive world oil markets, many oil producers are looking to China as a promising source of increased market share. The task of securing new customers in China can be challenging, as most of China’s recent growth in oil demand has come from ‘tea...

14 May 2026

This study examines the relationship between oil futures prices and trader positioning across frequency bands using spectral analysis. We find that large financial speculators exhibit strong and persistent co-movement with front-end oil futures prices, extending up to eight months, th...

07 November 2024

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 a high risk o...

26 September 2023

ritical 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 minerals is expecte...

13 September 2022

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 can be viewed as a ...

10 June 2020

Despite numerous journal articles, forecasting studies, and books, very little is known about the actual quantitative value, or economic cost, of shocks to world oil markets. The potential consequences of a given political or economic disturbance are unclear, and appear...    

20 October 2019

The KAPSARC Oil Market Outlook (KOMO) has been designed to provide readers with a timely source of data, forecasts and analysis of world oil markets, including an understanding of the key factors affecting world oil prices. This paper gives a detailed description of the scope of KOMO...

29 January 2023

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 a...

17 January 2023

High in the Bavarian Alps, at a special security session, G7 leaders set out to devise an ambitious plan to sanction Russian energy sales. The intent was to reduce Russian profits from oil and gas sales, while minimizing the damage to developed economies caused by rising fuel prices ...

10 October 2022

On February 24, 2022, Russia began a ‘special military operation’ in Ukraine, which quickly escalated into a militarized conflict across multiple fronts. The act drew immediate disapproval from the United Nations and led most members of the Western alliance to impose sanctions on Rus...

27 December 2020

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 S...    

04 December 2019

After decades of relatively smooth trade liberalization, a wave of protectionist measures and a global trade war is now threatening world trade. On September 1, 2019, the United States (U.S.) imposed a new series of tariffs on Chinese imports worth more than $100 billion.

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29 November 2024

Unanticipated changes in the price of critical minerals can have complex flow-on effects on the price of oil and lead to inflation.