• Primary Program Markets and Industrial Development
  • Research Interests World oil and inventories, commodity trading and technology, Russian oil industry, econometrics options pricing, and commercial strategies.

Biography

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.

Publications

See all Jennifer’s publications
  • Discussion papers
  • Methodology paper
  • Instant Insight
  • External journal articles
Market Structure, Inventories and Oil Prices: An Empirical Analysis

Market Structure, Inventories and Oil Prices: An Empirical Analysis

Understanding the relationship between crude oil prices and inventory levels is critical for policymakers and economic actors. The size of the ‘basis,’ or spread between spot and futures prices, reflects the level of inventories and can trigger arbitrage trading. The basis also reflects broader underlying market conditions and can be useful to policymakers such as the International Energy Agency and OPEC attempting to monitor and stabilize world oil markets.

February 24, 2020
Placing a Value on Spot Sales from a Joint Oil Stockpiling Facility

Placing a Value on Spot Sales from a Joint Oil Stockpiling Facility

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). 

January 23, 2020
The Value of Spot Sales to a Producing Country Subject to Production Quotas

The Value of Spot Sales to a Producing Country Subject to Production Quotas

In recent years, global oil markets have experienced intensified competition driven by growing surpluses of lighter crude and shale oil. As their margins have shrunk, many producers have increased output in order to boost revenue, adding to the oversupply. Meanwhile, global market dynamics have been upended, with many predicting that the United States will become the primary swing supplier of crude oil (Morse 2018). This atmosphere is particularly challenging for those major oil companies subject to strict production quotas, as they seek to maximize profitability while maintaining constant levels of crude oil production and sales.

January 16, 2020
Securing New Markets in Asia: The Value of Strategic Spot Crude Oil Sales to Teapot Refiners

Securing New Markets in Asia: The Value of Strategic Spot Crude Oil Sales to Teapot Refiners

In the race to secure customers on competitive world oil markets, many oil producers are looking to China as a promising source of increased market share. The task of securing new customers in China can be challenging, as most of China’s recent growth in oil demand has come from ‘teapot refiners’ who have been less predictable, and more like the ‘wild west,’ than China’s national oil companies. Teapot refiners tend to be more focused on short-term profits than long-term relationships.

December 18, 2019
A Short-Term Forecasting Model for Brent Oil Prices

A Short-Term Forecasting Model for Brent Oil Prices

The KAPSARC Oil Market Outlook (KOMO) has been designed to provide readers with a timely source of data, forecasts and analysis of world oil markets, including an understanding of the key factors affecting world oil prices. This paper gives a detailed description of the scope of KOMO, including the models and methodology used in the analysis.

October 20, 2019
The Impact of Global Trade Disruptions on World Oil Markets

The Impact of Global Trade Disruptions on World Oil Markets

After decades of relatively smooth trade liberalization, a wave of protectionist measures and a global trade war is now threatening world trade. On September 1, 2019, the United States (U.S.) imposed a new series of tariffs on Chinese imports worth more than $100 billion.

December 4, 2019
The Demise of the Energy Marketing Industry: An Industry in Decline?

The Demise of the Energy Marketing Industry: An Industry in Decline?

Oilweek, (Calgary: June Warren Publishing Ltd.)

2003
Real Options Valuation and Energy Markets

Real Options Valuation and Energy Markets

Risk Magazine (London: Risk Waters Group)

2003
Transformation and Reform in the Russian Energy Sector

Transformation and Reform in the Russian Energy Sector

Joint Project on Revitalizing Russian Industry, University of Calgary—Gorbachev Foundation Public Policy Project (UCGF’99)

2002
Oil and Gas in Central Asia and Northwest China

Oil and Gas in Central Asia and Northwest China

Book Review , The Energy Journal

2002
The Geopolitics of Energy into the 21st Century

The Geopolitics of Energy into the 21st Century

Book Review, Geopolitics of Energy, (Calgary: Canadian Energy Research Institute)

2001
US Natural Gas

US Natural Gas

Oxford Energy Forum

2001
Vladimir Putin: The Man in the Iron Mask

Vladimir Putin: The Man in the Iron Mask

Geopolitics of Energy (Calgary: Canadian Energy Research Institute)

2000
Yeltsin’s Legacy

Yeltsin’s Legacy

Geopolitics of Energy (Calgary: Canadian Energy Research Institute)

2000
Russian Presidential Elections

Russian Presidential Elections

Geopolitics of Energy (Calgary: Canadian Energy Research Institute)

1996
Battle for Market Share: World Oil Market Projections, 1995-2010

Battle for Market Share: World Oil Market Projections, 1995-2010

CERI Study No. 65 (Calgary: Canadian Energy Research Institute)

1995
Taxing the Difference: World Oil Market Projections, 1994-2009

Taxing the Difference: World Oil Market Projections, 1994-2009

CERI Study No. 59 (Calgary: Canadian Energy Research Institute)

1994
Containing Iraq: World Oil Market Projections, 1993-2008

Containing Iraq: World Oil Market Projections, 1993-2008

CERI Study No. 51 (Calgary: Canadian Energy Research Institute)

1993
Russian Re-Centralization of Energy

Russian Re-Centralization of Energy

Geopolitics of Energy (Washington: Conant and Associates)

1993
Oil in the Former Soviet Union: Historical Perspectives, Long-Term Outlook

Oil in the Former Soviet Union: Historical Perspectives, Long-Term Outlook

CERI Study No. 48 (Calgary: Canadian Energy Research Institute)

1992
Challenging OPEC: World Oil Market Projections, 1992-2007

Challenging OPEC: World Oil Market Projections, 1992-2007

CERI Study No. 47 (Calgary: Canadian Energy Research Institute)

1992
A ‘New’ OPEC

A ‘New’ OPEC

Geopolitics of Energy

1992
After the Crisis: World Oil Market Projection s, 1991-2006

After the Crisis: World Oil Market Projection s, 1991-2006

CERI Study No.39 (Calgary: Canadian Energy Research Institute)

1991

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