Oil Markets after the Invasion of Ukraine


As Russia is looking for new energy markets and the EU for alternative producers of fossil fuels, the world oil map is being redrawn. What does the global oil market look like a year after the invasion in Ukraine? What are the foreseen trends in the global oil market in the next 10-15 years? How are these shifts and market volatility affecting European industries and their competitiveness? HCSS strategic analysts Irina Patrahau and Lucia van Geuns explore in this paper written for the Bulgarian Diplomatic Institute’s Foreign Affairs Research Paper on “Energy and Climate Diplomacy”.

Read the paper.

The Hague Centre for Strategic Studies

HCSS conducts research and provides advice on geopolitical and defence & security issues to governments, international institutions and businesses. Our research is characterized by a datadriven, multidisciplinary approach, specialist knowledge and a strategic orientation. We combine broad, conceptual knowledge with qualitative and quantitative methods and present our findings in the form of recommendations, strategic explorations and scenario analyses