Work

The Dynamics of Oil Price Volatility and Its Impact on Global Energy Transition: an Economic Analysis

Year: 2026

Type: article

Abstract: The global energy landscape is undergoing significant transformation due to oil price volatility and the shift toward renewable energy sources. This study examines the economic implications of oil price fluctuations on energy markets, renewable energy investments, and global policies. Employing econometric models (Vector Autoregression) and case studies, we analyze the interplay between oil price volatility, energy security, and energy transition pace. Findings indicate that oil price shocks exert short-term negative effects on renewable investments but show increasing decoupling in the long term, driven by policy support and technological advancements. The paper offers policy recommendations to mitigate volatility risks and accelerate sustainable energy transitions.

Source: STED JOURNAL

DOI: 10.63395/stedjournal0801093s1

Authors: Olatokunbo Demola Salami, Samuel Olasode Olaleye, Felix Oluyemi Adekunjo, Olajide Samuel Gbemisola, Aminat Adeola Ashiru, Ivic Mladen

Institution: University of Business Engineering and Management

Language: English

Topic: Market Dynamics and Volatility

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Affordable and clean energy, Climate action

Open Access status: gold

Estimated APC paid: $53