"This book is dedicated to an in-depth statistical analysis and modelling of international oil markets before and during the COVID-19 pandemic with special attention placed on the oil exporting countries Russia and Iran. It is proven that the negative impact of the pandemic on oil markets is huge and expressed by dramatically diminished volume of derivatives contracts at oil markets resulting in failure of oil prices. The coronavirus pandemic highlighted contradictions between the main geoeconomic playmakers of the world - USA, EU, China and partly Russia - however, only the USA has corresponding economic vehicles and instruments, described in the book, for ruling international oil markets"--

"This book is dedicated to an in-depth statistical analysis and modelling of international oil markets before and during the COVID-19 pandemic with special attention placed on the oil exporting countries Russia and Iran. It is proven that the negative impact of the pandemic on oil markets is huge and expressed by dramatically diminished volume of derivatives contracts at oil markets resulting in failure of oil prices. The coronavirus pandemic highlighted contradictions between the main geoeconomic playmakers of the world - USA, EU, China and partly Russia - however, only the USA has corresponding economic vehicles and instruments, described in the book, for ruling international oil markets"--

The scale of the socio-economic impact of the Covid-19 pandemic on the global economy has not been witnessed since the Great Depression. Isolation measures, implemented across the globe to contain the virus, confined hundreds of millions of people into their homes, bringing economic activities to a standstill. This crisis has impacted the oil and gas industry in an unprecedented manner. A massive decline in oil demand and a large oversupply, intensified by the price war between Russia and Saudi Arabia, has sent oil prices to levels unseen in decades. While the oil industry has faced several crises that have pushed it to find new ways to conduct business and adapt to changing conditions, the Covid-induced crisis has come when the industry is dealing with increased shareholder activism and intense pressure on the environmental front. Since this is a new phase for the industry, it could also become the catalyst that accelerates the transformation it has started to go through. Oil will continue to play an essential role in the energy mix for many decades. However, oil companies will have to navigate and manage an uncertain future as oil and gas projects will be riskier to develop and consequently require a higher rate of return. They will have to diversify their portfolios and continue shifting toward an integrated business model that embraces the changes caused by the energy transition and the growth in renewable and new technologies.

This book captures the dynamic relationship between COVID-19 pandemic, crude oil prices and major stock indices as well as the crude oil prices and stock market volatility that have been caused due to outbreak of this pandemic. The pandemic has changed the world melodramatically and major world markets collapsed in the beginning, affecting major industries in an unprecedented way. The book will be useful to the researcher in the field of finance and economics, and policy makers both at government and private level, keeping in view the present state of economy throughout the world.

The World Health Organization confirmed COVID-19 a pandemic on March 11, 2020, causing vast impact on international economy. The coronavirus pandemic has given rise to an unprecedented global health and economic crises. Apart from the toll of early deaths, economic activities have been stalled and stock markets have tumbled, while a wide range of energy markets — including oil, gas and renewable energy — have been severely affected. This crisis The pandemic has stressed the critical value of the health care infrastructure and electricity infrastructure. In view of the above, while governments and policy makers respond to these interlinked crises, they must not lose sight of a major challenge of our time: clean energy transitions.The pandemic has continued to to slow down the recovery of economic activities and consumption due to combination of many factors such as economic recession, expensive storage, warm climate, and enormous uncertainty. Mitigation and adaptation policies are crucial to overcoming the crisis. The commodity futures market will depend on the effectiveness of decision-makers' policies in containing the COVID-19 outbreak and reducing the negative effect of the pandemic on economic activities. This book seeks to throw light on the adverse effects of COVID-19 through enhanced scientific and multi-disciplinary knowledge. The chapters in the book show that the energy, stock, crypto-currencies markets are vulnerable to the surge in coronavirus deaths.

The COVID-19 has dramatically influenced the current global oil market - especially, the Asian one (in China and India). The pandemic impacts the oil demand and supply indirectly - via the lowered oil prices. The largest oil companies were the first to substantially curtail their oil supplies (and investments).

An original and empirically grounded analysis of the Gulf monarchies and their role in shaping the political economy of the Middle East.