Publications

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

China’s Energy Investment Through the Lens of the Belt and Road Initiative

Philipp Galkin, Dongmei Chen, Junyuang Ke

The Chinese government launched the Belt and Road Initiative (BRI) in 2013 as a vision to promote growth and cooperation among the economies of Asia and Europe. Over the five years since its inception, the BRI has expanded in both…

Galkin, Philipp

Chen, Dongmei

Ke, Junyuang

An Economic Analysis of China’s Domestic Crude Oil Supply Policies

Bertrand Rioux, Philipp Galkin, Kang Wu

China’s domestic oil production has lagged the rapid growth in the country’s oil consumption since 2000, leading to a large, and growing, reliance on crude imports to meet demand. Factors including China’s current market structure and regulatory environment impede further…

Rioux, Bertrand

Galkin, Philipp

Wu, Kang

Balancing Energy Security Priorities: A Portfolio Optimization Approach to Oil Imports

Philipp Galkin, Carlo Andrea Bollino, Simona Bigerna

The idea of energy security emerged after the energy crises of the 1970s. It has evolved from the initial paradigm of assuring sufficient energy supplies to include a price affordability perspective and, eventually, many other energy-related issues, such as infrastructure,…

Galkin, Philipp

Bollino, Carlo Andrea

Bigerna, Simona

The Economic Impact of Price Controls on China’s Natural Gas Supply Chain

Science Direct

Despite significant progress made by China in liberalizing its natural gas market, certain key areas such as market access and pricing mechanisms remain controlled by the government.

Axel Pierru, Kang Wu, Frederic Murphy, Philipp Galkin, Bertrand Rioux, Yan Li, Artem Malov, Felipe Feijoo

Effect of Preferential Trade Agreements on China’s Energy Trade From Chinese and Exporters’ Perspectives

Emerald Insight

China is a major energy import powerhouse, its trade deals have significant impact on international energy trade and global energy markets. The purpose of this paper is to explore the role of energy in China’s preferential trade agreements (PTAs) and…

Philipp Galkin, Carlo Andrea Bollino, Tarek Atalla