• Focus Area Future of Global Oil Markets Future of Global Oil Markets
  • Type Instant Insight
  • Date 29 January 2023
Print

Abstract

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 market segments including those where Russian supplies have been limited or absent. Thus, recent events have exacerbated problems observed in the already tight global heavy crude sector, where key exporters have been constrained either by sanctions (Iran and Venezuela) or by logistic bottlenecks (Canada).

Authors

Philipp Galkin

Visiting Researcher Philipp is a visiting researcher at KAPSARC, working on the economic and policy aspects of energy supply and trade. Philipp’s…

Philipp is a visiting researcher at KAPSARC, working on the economic and policy aspects of energy supply and trade. Philipp’s work at KAPSARC includes evaluating the effect of preferential trade agreements on energy flows, analysis of OPEC energy policy and deriving insights related to China’s energy policy and its impact on global markets through modeling energy supply sectors.

Expertise

  • International economic relations
  • Regional and country studies and policy analysis

Publications See all Philipp Galkin’s publications

Jennifer Considine

Visiting Senior Research Fellow Dr. Considine is an Honorary Senior Research Fellow at the CEPMLP in Scotland, where she has developed courses and seminars…

Dr. Considine is an Honorary Senior Research Fellow at the CEPMLP in Scotland, where she has developed courses and seminars on various topics related to the energy industry. She has published a book and several papers on energy politics, world oil market projections, and the Russian oil economy and its future role in the global energy market. She has also consulted for several energy companies and organizations, such as Coastal Corp. Ecopetrol, ANR Pipeline Company, Husky Energy, Pieridae Energy, and the University of Texas at Austin School of Law. She is passionate about advancing knowledge and understanding of the energy sector and its complex dynamics. Dr. Considine holds a Ph.D. in Economics from the University of Aberdeen and a master’s degree in Economics from the University of Chicago.

Expertise

  • World oil and inventories
  • Commodity trading and technology
  • Russian oil industry
  • Econometrics options pricing
  • Commercial strategies

Publications See all Jennifer Considine’s publications

Is the Shale Oil Rush Over?

Is the Shale Oil Rush Over?

The Russian-Ukraine conflict and sanctions on Russian crude oil flows have significantly affected world oil…

20th November 2023
Share this Publication

Related projects

See all projects

Stay informed

 I'm interested in

Select the updates you'd like to receive from us

About

A bit about you