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 thus be classified as both commercial and strategic storage (Doshi and Six 2017).

Visiting Researcher Dr. 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.
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?
In this paper, joint oil stockpiling (JOS) refers to a commercial arrangement whereby crude oil,…
20th November 2023
The Effects of a Shock to Critical Minerals Prices on the World Oil Price and Inflation
In this paper, joint oil stockpiling (JOS) refers to a commercial arrangement whereby crude oil,…
1st November 2023