Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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The Economic Impact of the Russian-Ukrainian War on the Energy Industry

Authors
Tianjiao Li1, Zekai Meng2, Chengrui Qi3, Tianchen Yang4, *
1Adam Smith Business School, University of Glasgow, Glasgow, G12 8QQ, UK
2School of Mathematics, University of Bristol, Bristol, BS8 1QU, UK
3School of Economics, Jilin University, Jilin, 130012, China
4School of Naturel Science, University of Manchester, Manchester, M13 9PL, UK
*Corresponding author. Email: tianchen.yang@student.manchester.ac.uk
Corresponding Author
Tianchen Yang
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_114How to use a DOI?
Keywords
Russian-Ukrainian war; Political tension; Economic sanction; Oil price volatility; Futures contract
ABSTRACT

This article mainly analyses the impact of the Russian-Ukrainian war on the energy industry at this stage. This article is written in the background from the Russian invasion of Ukraine on 24 February 2022, and the current political situation and its subsequent impact on the future of oil trade is variable. Historically, oil prices have been closely linked to political tensions. The recent war between Russia and Ukraine has affected political tensions across the Europe. The impact of geopolitical risks and sanctions policies on Russia's oil trade exports. Due to the war and the epidemic affecting the oil price supply and demand relationship, the oil price fluctuates, and the impact of price risk and foreign exchange risk on oil companies is mainly analyzed. Our analysis is only based on the current development of the Russian-Ukrainian war, and there may be unforeseen changes in the future.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
10.2991/978-94-6463-036-7_114
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_114How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Tianjiao Li
AU  - Zekai Meng
AU  - Chengrui Qi
AU  - Tianchen Yang
PY  - 2022
DA  - 2022/12/31
TI  - The Economic Impact of the Russian-Ukrainian War on the Energy Industry
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 773
EP  - 779
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_114
DO  - 10.2991/978-94-6463-036-7_114
ID  - Li2022
ER  -