A price cap on Russian crude oil, at 60 USD/barrel, was implemented in December 2022. Using parsimonious modeling and detailed Russian oil-field data, this paper studies the price cap’s impact on the Russian economy, global winners and losers and how a cap at different levels affects these...

The Deepwater Horizon incident demonstrated that most of the oil left is deep offshore or in other difficult to reach locations. Moreover, obtaining the oil remaining in currently producing reservoirs requires additional equipment and technology that comes at a higher price in both capital and...

Current world capacity of hydrocarbon liquefaction is around 400,000 barrels per day (kb/d), providing a marginal share of the global liquid fuel supply. This study performs a broad review of technical, economic, environmental, and supply chains issues related to coal-to-liquids (CTL) and...