Data Insights - Capturing the Value From Supply-Side Shocks in the Heavy

20.500.12592/mtk2b1

Data Insights - Capturing the Value From Supply-Side Shocks in the Heavy

29 Jan 2023

Data Insights Capturing the Value From Supply-Side Shocks in the Heavy Crude Market Philipp Galkin, Jennifer Considine and Evar Umeozor Instant Insight December 18, 2022 KS--2022-II13 Capturing the Value From Supply-Side Shocks in the Heavy Crude Market 1 About KAPSARC KAPSARC is an advisory think tank within global energy economics and sustainability providing advisory services to entities and au. [...] The views and opinions expressed in this publication are those of the authors and do not necessarily reflect the official views or position of KAPSARC. [...] Capturing the Value From Supply-Side Shocks in the Heavy Crude Market 2 The Russian-Ukraine conflict and sanctions on Russian crude oil flows have significantly affected world oil markets. [...] The magnitude of the impact of the 2022 supply shock – expressed as an SOV at Qingdao and Saldanha Bay – can be compared to that of COVID-19 in 2020. [...] For both supply shocks – COVID-19 in 2020 and the Ukrainian conflict in 2022 – the market has alleviated their consequences, both in terms of the price and geographic arbitrage, within several months.
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Saudi Arabia