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      Capturing the Value From Supply-Side Shocks in the Heavy Crude Market
      Future of Global Oil Markets

      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…

      Philipp Galkin Galkin, Philipp
      Jennifer Considine Considine, Jennifer
      Evar Umeozor Umeozor, Evar
      29th January 2023
      The G7 Pricing Scheme, an Exercise in Monopsony Power
      Future of Global Oil Markets

      The G7 Pricing Scheme, an Exercise in Monopsony Power

      Carlo Andrea Bollino, Jennifer Considine

      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…

      Carlo Andrea Bollino Bollino, Carlo Andrea
      Jennifer Considine Considine, Jennifer
      17th January 2023
      Stagflation: Should the Oil Industry Worry?
      Future of Global Oil Markets

      Stagflation: Should the Oil Industry Worry?

      Julio Arboleda, Majed Almozaini

      Oil is an essential commodity with an almost perfectly inelastic demand, despite its volatile price. In recent months, fuel prices have declined significantly from approximately $120 per barrel (b) at the beginning of June to less than $85/b at the…

      Julio Arboleda Arboleda, Julio
      Majed Almozaini Almozaini, Majed
      9th January 2023
      Gaming Out the Proposed Price Cap on Russian Oil
      Future of Global Oil Markets

      Gaming Out the Proposed Price Cap on Russian Oil

      Colin Ward, Emre Hatipoglu, Majed A. Al Suwailem

      In a June 29, 2022, communique, the G7 countries agreed to explore ways to impose a price cap on Russian oil exports. The main mechanism would be a ban on the provision of insurance, logistics and financial services by G7 nations for…

      Colin Ward Ward, Colin
      Emre Hatipoglu Hatipoglu, Emre
      Majed A. Al Suwailem Al Suwailem, Majed A.
      24th November 2022
      KAPSARC Oil Market Outlook (KOMO)
      Future of Global Oil Markets

      KAPSARC Oil Market Outlook (KOMO)

      Declining gross domestic product (GDP) growth in Q4 2022 will add downward pressure to the underlying seasonality of oil demand trends in several countries, playing an important role in oil demand declines this quarter. OECD countries in North America and…

      20th November 2022
      The Effects of Russian Sanctions on the Global Economy
      Future of Global Oil Markets

      The Effects of Russian Sanctions on the Global Economy

      Abdullah Aldayel, Jennifer Considine, Emre Hatipoglu, Colin Ward

      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…

      Abdullah Aldayel Aldayel, Abdullah
      Jennifer Considine Considine, Jennifer
      Emre Hatipoglu Hatipoglu, Emre
      Colin Ward Ward, Colin
      10th October 2022
      A Closer Look at the IEA Storage Releases
      Future of Global Oil Markets

      A Closer Look at the IEA Storage Releases

      Colin Ward

      The United States (U.S.) and its western allies have been increasing their pressure on Russia in response to the conflict in Ukraine. Undercutting Russian government finances is a priority for them. Energy exports are a key source of income for…

      Colin Ward Ward, Colin
      2nd October 2022
      Global Crude Oil Storage Index: A New Benchmark for Energy Policy
      Future of Global Oil Markets

      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…

      Jennifer Considine Considine, Jennifer
      Philipp Galkin Galkin, Philipp
      Abdullah Aldayel Aldayel, Abdullah
      13th September 2022
      KAPSARC Oil Market Outlook (KOMO)
      Future of Global Oil Markets

      KAPSARC Oil Market Outlook (KOMO)

      Despite great uncertainty in oil markets, a reduction in expected supply from Russia, and a reduction in global demand since our previous quarterly outlook, we expect oil supply growth to continue in 2022, with production coming close to parity with demand…

      6th September 2022
      Investment Challenges Affecting the Oil and Gas Industry
      Future of Global Oil Markets

      Investment Challenges Affecting the Oil and Gas Industry

      Hamid M. Al Sadoon, Julio Arboleda

      The unprecedented crisis generated by the COVID-19 pandemic has affected the investment in the oil and gas sector, which was already suffering from low investment levels, among other reasons due to the climate change misconceptions. This report analyzes the main…

      Hamid M. Al Sadoon Al Sadoon, Hamid M.
      Julio Arboleda Arboleda, Julio
      22nd August 2022
      KAPSARC Oil Market Outlook (KOMO)
      Future of Global Oil Markets

      KAPSARC Oil Market Outlook (KOMO)

      The drivers of this quarter’s global demand outlook stem from multiple factors (i.e., the Russian-Ukrainian conflict, lower trade confidence, the U.S. Federal Reserve’s interest rate hike, overall downward gross domestic product (GDP) revisions, continued inflation and the recent lockdowns in…

      30th May 2022
      Integrated Oil Companies and the Requiem for a Transition: How Are They Coping with Climate Change?
      Future of Global Oil Markets

      Integrated Oil Companies and the Requiem for a Transition: How Are They Coping with Climate Change?

      Majed A. Al Suwailem, Bertrand Rioux

      Integrated oil and gas (O&G) companies operate vertically integrated businesses that span the O&G value chain. In this way, they can leverage expertise across multiple domains rather than just focusing on exploration and production (E&P). Examples of such companies include…

      Majed A. Al Suwailem Al Suwailem, Majed A.
      Bertrand Rioux Rioux, Bertrand
      28th February 2022
      Country Horizon: Russia
      Future of Global Oil Markets

      Country Horizon: Russia

      Zlata Sergeeva, Emre Hatipoglu

      This report provides an up-to-date overview of Russian domestic and foreign policy issues related to the oil and natural gas markets. We also discuss the potential role of hydrogen in Russia’s short-term energy strategy. We present a succinct overview of…

      Zlata Sergeeva Sergeeva, Zlata
      Emre Hatipoglu Hatipoglu, Emre
      28th February 2022
      KAPSARC Oil Market Outlook (KOMO)
      Future of Global Oil Markets

      KAPSARC Oil Market Outlook (KOMO)

      The drivers of this quarter’s global demand outlook stem from multiple factors (i.e., a slower roll-out of vaccinations in developing countries, multiple continued lockdowns in several countries due to fears of the COVID-19 omicron variant, a slowdown in long-haul travel,…

      13th February 2022
      India’s Ambition to Achieve Net-Zero Emissions by 2070: Uncertainty and Opportunity
      Future of Global Oil Markets

      India’s Ambition to Achieve Net-Zero Emissions by 2070: Uncertainty and Opportunity

      Yagyavalk Bhatt, Zlata Sergeeva, Brian Efird

      The special report by the Intergovernmental Panel on Climate Change (IPCC) on the impacts of global warming of 1.5 degrees Celsius (°C) above pre-industrial levels highlighted the importance of achieving net-zero emissions or a carbon-neutral future. There has subsequently been…

      Yagyavalk Bhatt Bhatt, Yagyavalk
      Zlata Sergeeva Sergeeva, Zlata
      Brian Efird Efird, Brian
      29th December 2021
      KAPSARC Oil Market Outlook (KOMO)
      Future of Global Oil Markets

      KAPSARC Oil Market Outlook (KOMO)

      The drivers of this quarter’s global demand outlook stem from multiple factors (i.e., a slower roll-out of vaccinations in developing countries, multiple continued lockdowns in several countries, rising inflation, including shipping costs, lagging delivery times, the usual seasonal behavior of…

      4th November 2021
      Implications of the 2021 Iran-China Deal for the Oil Market
      Future of Global Oil Markets

      Implications of the 2021 Iran-China Deal for the Oil Market

      Emre Hatipoglu, Majed A. Al Suwailem

      In late March 2021, China and Iran signed a cooperation pact to stimulate investments in Iran’s oil, gas and petrochemical infrastructure. We refer to this pact as the ‘Iran-China deal’ throughout this manuscript. This deal attracted substantial attention for its…

      Emre Hatipoglu Hatipoglu, Emre
      Majed A. Al Suwailem Al Suwailem, Majed A.
      5th October 2021
      KAPSARC Oil Market Outlook (KOMO)
      Future of Global Oil Markets

      KAPSARC Oil Market Outlook (KOMO)

      The drivers of this quarter’s significant demand growth will be the reopening of COVID-related shutdowns/behaviors, continued economic recovery and seasonal consumption patterns. We anticipate that the most significant quarter-on-quarter (QoQ) growth will come from the U.S., followed by the OECD…

      22nd August 2021
      Will Shale Impede or Accelerate the Global Energy Transition?
      Future of Global Oil Markets

      Will Shale Impede or Accelerate the Global Energy Transition?

      United States (U.S.) shale has transformed oil market dynamics in ways we never thought possible. Shale oil has transformed the oil supply curve through massive supply shocks, such as the rapid increase in tight oil production over the past decade,…

      2nd June 2021