The COVID-19 Storm and the Energy Sector: The Impact and Role of Uncertainty

Szczygielski, Jan; Brzeszczyński, Janusz; Charteris, Ailie; Bwanya, Princess Rutendo

doi:10.2139/ssrn.3816893

Cited by 3 publications

(1 citation statement)

References 124 publications

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“…The COVID-19 pandemic also caused the crude oil market to become ineffective, and it was difficult to predict the crude oil prices [2]. Moreover, the commodity markets, including the crude oil market, are strongly interconnected with other financial markets [3][4][5][6]; therefore, they have a significant impact on the condition of the whole world economy [7,8]. There is also an observed transmission of volatility from the oil market to the stock market, which has become more prominent with the COVID-19 pandemic [9].…”

Section: Introductionmentioning

confidence: 99%

Knowledge Discovery to Support WTI Crude Oil Price Risk Management

et al. 2023

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The high volatility of commodity prices and various problems that the energy sector has to deal with in the era of COVID-19 have significantly increased the risk of oil price changes. These changes are of the main concern of companies for which oil is the main input in the production process, and therefore oil price determines the production costs. The main goal of this paper is to discover decision rules for a buyer of American WTI (West Texas Intermediate) crude oil call options. The presented research uses factors characterizing the option price, such as implied volatility and option sensitivity factors (delta, gamma, vega, and theta, known as “Greeks”). The performed analysis covers the years 2008–2022 and options with an exercise period up to three months. The decision rules are discovered using association analysis and are evaluated in terms of the three investment efficiency indicators: total payoff, average payoff, and return on investment. The results show the existence of certain ranges of the analyzed parameters for which the mentioned efficiency indicators reached particularly high values. The relationships discovered and recorded in the form of decision rules can be effectively used or adapted by practitioners to support their decisions in oil price risk management.

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Section: Introductionmentioning

confidence: 99%

Knowledge Discovery to Support WTI Crude Oil Price Risk Management

et al. 2023

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Investigation of Residential Demand Response Flexibility Including the Effects of the COVID-19 Pandemic on Energy Usage Habits in Turkey

Tanugur

Zehir

2022

2022 4th Global Power, Energy and Communication Conference (GPECOM)

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The COVID-19 pandemic has made a major impact on society and several sectors, including changes in household energy usage. The pandemic brings together changes and negative impacts that should be followed closely for the energy sector. The main purpose of this study is to comprehensively investigate the effects of the COVID-19 pandemic on electrical energy usage habits in Turkey through systematic methods that are adopted in different countries like the US, India, Europe, China, Canada, and Japan. Based on the analysis, residential load management flexibilities are investigated considering the pandemic impacts. The effect of the COVID-19 pandemic on electricity consumption in the energy sector in Turkey is extensively investigated for the first time. The study is of importance also for future pandemics or other conditions such as extreme wind and snow storms that temporarily lead to living and working from home.

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Energy Resources Exploitation in the Russian Arctic: Challenges and Prospects for the Sustainable Development of the Ecosystem

Romasheva

Dmitrieva

2021

Energies

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According to the forecasts made by IEA, BP, and Total in early 2021, the demand for hydrocarbons will continue for decades, and their share in the global energy balance will remain significant. Russia, as a key player in the energy market, is interested in maintaining and increasing hydrocarbon production, so further exploitation of the Arctic energy resources is an urgent issue. A large number of onshore oil and gas projects have been successfully implemented in the Arctic since the 1930s, while recently, special attention has been paid to the offshore energy resources and implementation of natural gas liquefaction projects. However, the implementation of oil and gas projects in the Arctic is characterized by a negative impact on the environment, which leads to a violation of the ecological balance in the Arctic, and affects the stability of its ecosystem, which is one of the most vulnerable ecosystems on the planet. The main goal of the present study is to understand how the implementation of oil and gas projects in the Arctic affects the ecosystem, to assess the significance of this process, and to find out what the state and business could do to minimize it. In the article, the authors analyze energy trends, provide brief information about important oil and gas projects being implemented in the Arctic region of Russia, and investigate the challenges of the oil and gas projects’ development and its negative impacts on the Arctic environment. The main contributions of this paper are the identification of all possible environmental risks and processes accompanying oil and gas production, and its qualitative analysis and recommendations for the state and business to reduce the negative impact of oil and gas projects on the Arctic ecosystem. The research methodology includes desk studies, risk management tools (such as risk analysis, registers, and maps), brainstorming, the expert method, systematization, comparative analysis, generalization, and grouping.

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The COVID-19 Storm and the Energy Sector: The Impact and Role of Uncertainty

Cited by 3 publications

References 124 publications

Knowledge Discovery to Support WTI Crude Oil Price Risk Management

Knowledge Discovery to Support WTI Crude Oil Price Risk Management

Investigation of Residential Demand Response Flexibility Including the Effects of the COVID-19 Pandemic on Energy Usage Habits in Turkey

Energy Resources Exploitation in the Russian Arctic: Challenges and Prospects for the Sustainable Development of the Ecosystem

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