The Impact of the COVID-19 Pandemic on International Oil Markets


Alexander G. Tvalchrelidze (Author) – Doctor of Science, Professor, Head of Department, Alexander Tvalchrelidze Caucasus Institute of Mineral Resources, Ivane Javakhishvili Tbilisi State University, Georgia

Series: Economic Issues, Problems and Perspectives

BISAC: BUS069000

Target Audience: The book will be interesting for academic researchers in macro-economy and commodity markets throughout the world, master students in international economics, economic analysts, policy makers, specialists in geopolitics and geo-economics, just for general public.

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.




List of Figures

List of Tables




Chapter 1. Basic Statistics on World COVID-19 Coronavirus Pandemic

Chapter 2. Oil Price Dynamics in 2020 – Statistical Models

Chapter 3. World Oil Markets in XXI Century: Before and During the COVID-19 Coronavirus Pandemic

Chapter 4. Case Study 1: Russia on International Oil Markets Before and During COVID-19 Coronavirus Pandemic

Chapter 5. Case Study 2: Iran on International Oil Markets Before and During COVID-19 Coronavirus Pandemic

Chapter 6. Geopolitical and Geoeconomic Consequences of World COVID-19 Coronavirus Pandemic

Basic Conclusion



Additional information