Global Crude Oil Storage Index: A New Benchmark for Energy Policy

Jennifer Considine, Philipp Galkin and Abdullah Aldayel
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Abdullah Aldayel: King Abdullah Petroleum Studies and Research Center

Methodology Papers from King Abdullah Petroleum Studies and Research Center

Abstract: The global oil market dwarfs other commodity markets. Its size and role in the energy and industrial value chains underscore its significant economic and geopolitical impacts. Thus, the consequences of oil price fluctuations extend far beyond the oil industry and can be viewed as a barometer of trends in the global economy. Several oil price benchmarks currently compete in the global market. The most popular ones, such as Brent or West Texas Intermediate (WTI), are backed by a sufficient supply of the underlying crude. They also meet the criteria for efficient trading, hedging and speculating — including having sufficient liquidity, developed futures markets, low transaction costs and strong institutional support.

Keywords: Allocations; Commodities (search for similar items in EconPapers)
Pages: 55 pages
Date: 2021-09-13
New Economics Papers: this item is included in nep-ene
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https://www.kapsarc.org/research/publications/glob ... k-for-energy-policy/ First version, 2022 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:prc:mpaper:ks--2022-mp01

DOI: 10.30573/KS--2022-MP01

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