• Focus Area Future of Global Oil Markets Future of Global Oil Markets
  • Type Instant Insight
  • Date 10 October 2022
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Abstract

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 impose sanctions on Russia, which has had negative spillover effects on the world economy.

Authors

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

Jennifer Considine

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

Emre Hatipoglu

Research Fellow Emre Hatipoglu is a fellow in the Oil and Gas program and leads the research project Energy Markets and Geopolitics.… Emre Hatipoglu is a fellow in the Oil and Gas program and leads the research project Energy Markets and Geopolitics. In this project, Dr. Hatipoglu and his colleagues assess how political events (e.g., international conflict, economic sanctions, international treaties) and global energy markets interact. Prior to KAPSARC, Dr. Hatipoglu was associate professor at the Faculty of Arts and Social Sciences at Sabanci University in Istanbul and a a visiting Fulbrighter during the 2017-2018 academic year at Columbia University. He also served on the advisory board of Sakip Sabanci Center for Turkish Studies at Columbia University between 2016-2018. Dr. Hatipoglu’s work has been published in various scientific journals, such as the Journal of Politics, Energy Research and Social Science, Energy Reports, Foreign Policy Analysis, the Journal of Commodity Markets, and Defence and Peace Economics, among others. He is the editor-in-chief of the journal Energy Transitions, and serves on the editorial board of the International Studies Review.      

Expertise

  • Geopolitics
  • Economic Sanctions and International Politics of Energy Trade

Publications See all Emre Hatipoglu’s publications

Colin Ward

Research Fellow Mr. Ward has worked in all aspects of the energy industry from summer jobs on seismic rigs, to designing refineries,… Mr. Ward has worked in all aspects of the energy industry from summer jobs on seismic rigs, to designing refineries, upstream field development, consulting and strategy work, and now high-impact academic analysis of issues facing the energy system. Much of Mr. Ward’s work in recent years has focused on CCUS-related topics including upstream carbon intensity, CO2-EOR, blue hydrogen, hydrocarbon producer strategy in a carbon-constrained world, and blockchain-based carbon tracking and trading.

Expertise

  • Oil Markets
  • Upstream
  • Carbon
  • CCUS
  • Hydrogen
  • Technology
  • Strategy and Consulting

Publications See all Colin Ward’s publications

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