• Focus Area Future of Global Oil Markets Future of Global Oil Markets
  • Type Discussion paper
  • Date 26 September 2023
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Abstract

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 Council (GCC) and other countries. If properly implemented, the project has the capacity to enhance the security of oil supply throughout the transition to a green economy. Such enhancement can be achieved through the centralized tracking and management of commercial and strategic stockpiles overseas. The initiative will forge new links in the global supply chain for crude oil and liquids and reveal new forms of financing for strategic petroleum reserves (SPRs).

Authors

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 purpose of this report is to recommend an interconnected regional and international strategy to…

20th November 2023
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

Majed A. Al Suwailem

Research Fellow Majed is a Research Fellow at KAPSARC with a focus on energy security, geopolitics, and hydrocarbon laws and regulations. He…

Majed is a Research Fellow at KAPSARC with a focus on energy security, geopolitics, and hydrocarbon laws and regulations. He has more than 15 years of experience in the oil and gas industry in the fields of simulation and modeling, asset management, reserves estimation, oil field development, disruptive technologies, and business planning, gained at Chevron and Saudi Aramco.

Majed holds a B.S. degree in petroleum engineering from the University of Tulsa in the United States, along with two M.S. degrees in petroleum engineering, and reservoir geosciences and engineering, respectively, from Texas A&M University and the Institut Francais du Petrole (IFP School). In 2021, Majed earned his Master of Science degree in public economics and policy from Purdue University.

Expertise

  • Energy Security
  • Geopolitics
  • Hydrocarbon Laws and Regulations

Publications See all Majed A. Al Suwailem’s publications

Abdullah Aldayel

Research Associate Abdullah 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).

Expertise

  • Oil Market
  • Oil Inventories and Energy Policies

Publications See all Abdullah Aldayel’s publications

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