Oil continues to be a cornerstone of the global economy. Its influence spans across exchange rate fluctuations, risk transmission across markets, and the evolving role of corporations’ ESG performance. It is for this reason that it is fundamentally tied to numerous fields of study such as global financial systems, corporate governance, and international development.
However, the role of oil in shaping financial markets also means that it is intrinsically tied to geopolitical stability and state policy. This dynamic has been particularly reflected in the reshaping of global oil markets and energy geopolitics following Russia’s military action in Ukraine. Sanctions on Russian fossil fuels have led to a steep decline in its share of EU oil imports, and in this vacuum, Norway has emerged as a central player.
This Collection explores the economic and political economy dimensions of oil, with particular attention to market behaviour, policy responses, and the financial instruments used to manage uncertainty. It also considers how oil intersects with broader questions of sustainability, regulation, and global justice. While grounded in economic analysis, the Collection welcomes interdisciplinary perspectives that connect oil to governance, environmental risk, and socio-political transformation.
We welcome contributions that engage with topics including (but not limited to):
- Policy responses to oil market shocks
- Exchange rate dynamics in oil-exporting and importing countries
- Energy governance and the transition to low-carbon economies
- The political economy of oil in conflict and post-conflict settings
- Comparative studies of oil-dependent economies
- The role of oil in shaping fiscal and monetary policy
- Oil price volatility and macroeconomic impacts
- ESG controversies and corporate financial performance in the oil sector
- Risk spillovers between oil and other commodities during global crises
- Historical and contemporary analysis of oil market disruptions
We especially encourage submissions from scholars working across economics, political economy, energy policy, and international finance, as well as those examining the intersection of oil with sustainability and development.
Editors
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