Primary Program
About
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.
Publications
20 November 2023
Is the Shale Oil Rush Over?he California Gold Rush was a time of exuberance and technological development in the mining sector and exhibits significant parallels with shale development that are worth exploring. The easy wins of the pioneers gave way to larger organizations with better funding and technology, s...
26 September 2023
Reconsidering Inventories: An International Strategy for Strategic Storage Assetshe 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 (GC...
06 July 2020
Balancing World Oil Markets and Understanding Contango and Inventories: The Changing Nature of World Oil MarketsThe general theory of storage suggests that the level of inventories is a key factor in determining the structure of the oil futures curve, or the basis, over time. The basis is the difference between the price of oil in the futures market and the price of oil in the spot market. As...
24 February 2020
Market Structure, Inventories and Oil Prices: An Empirical AnalysisUnderstanding 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 refle...
23 January 2020
Placing a Value on Spot Sales from a Joint Oil Stockpiling FacilityIn 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 b...
16 January 2020
The Value of Spot Sales to a Producing Country Subject to Production QuotasIn 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 dy...
18 December 2019
Securing New Markets in Asia: The Value of Strategic Spot Crude Oil Sales to Teapot RefinersIn 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 ‘tea...
07 January 2025
Anticipating Trend Shifts in Oil Prices Using the Crude Oil Storage IndexWe analyze oil price dynamics in the long-, medium and short-term by using the world crude storage index (COSI), a global index reflecting spread options values from crude oil at major ports around the world for all of the major competing crudes.
