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 barometer of trends in the global economy. Several oil price benchmarks currently compete in the global market. The most popular ones, such as Brent or West Texas Intermediate (WTI), are backed by a sufficient supply of the underlying crude. They also meet the criteria for efficient trading, hedging and speculating — including having sufficient liquidity, developed futures markets, low transaction costs and strong institutional support.
Visiting ResearcherDr. Considine is a KAPSARC visiting researcher and a senior research fellow at the Centre for Energy, Petroleum and Mineral…Dr. Considine is a KAPSARC visiting researcher and a senior research fellow at the Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP) in Dundee, Scotland. Previously, she led a number of projects involving options pricing, real options valuations of physical assets including electricity generation facilities, storage companies, and natural gas pipelines and contracts, risk management and hedging techniques, and trading strategies for a variety of commodities including natural gas, electricity and crude oil.
Dr. Considine has worked with a number of international energy companies including Ecopetrol, TransCanada Pipelines, Westcoast Energy, Coastal Corporation, Duke Energy, and ANR Pipeline Company. She is currently chief editor of Energy Politics, an energy newsletter dealing with commercial strategies and strategic planning in the global energy industry. Dr. Considine is a former member of the Board of Directors for Canada Post, and founding member of a number of initiatives to promote Scottish-Canadian relations including the Canadian Friends of Scotland.
Visiting ResearcherPhilipp 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.
Research AssociateAbdullah is a research associate in the Oil and Gas program, with a focus on oil markets and energy policies.…
Abdullah is a research associate in the Oil and Gas program, with a focus on oil markets and energy policies. He primarily works on the economic cost of shocks to world oil markets. His work has been published in several peer-reviewed journals.
Abdullah holds a B.S. degree in petroleum engineering from the King Fahd University of Petroleum and Minerals (KFUPM).