PhD defence by Blas Regnault

Oil price trends and fluctuations: An alternative approach to the global petroleum market
PhD student
Thursday 7 Mar 2024, 16:00 - 18:00
PhD defence
Spoken Language
Aula B and livestream
International Institute of Social Studies
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Blas Regnault

On 7 March 2024, Blas Regnault will defend his thesis examining crude oil prices from 1960 to 2019, aiming to understand the trends and fluctuations of these prices

His research into crude oil prices, detected several gaps in the standard approach used to expain the variables and causalities of these prices. This laid the foundations for an alternative explanation of the determinants of the money prices of crude oil.

In his conclusion, Blas Reganult asserts that production costs in the least efficient oil industry in the world (the USA oil industry) and the evolution of the institutional environment (players, consumers, producers, e.g., the creation of OPEC in 1960) determine the money price trends and sub-trends of oil. He argues that this represents a more plausible explanation than that offered by the standard approach. He further demonstrates that fluctuations in the money price of oil are best explained by global business cycles.

Watch Blas' defence live

Introduction speech PhD defence Blas Regnault

Introduction speech PhD defence Blas Regnault

Doctoral Board


Professor Karin Arts

Doctoral dissertation supervisor

Professr Mansoob Murshed
Dr Howard Nicholas

Full Doctoral Committee

  • Professor Cyrus Bina, University of Minnesota Morris
  • Dr Angela Wigger, Radboud University
  • Professor Irene van Staveren
  • Professor Arjun Bedi
  • Dr Georgina Gomez
More information

The ceremony will begin promptly at 16:00 hrs in the ISS auditorium (Aula B) of the ISS, Kortenaerkade 12, The Hague. The doors will be closed after the start of the Public Defence, but will be briefly opened after the candidate’s introduction to allow latecomers to enter.

Children under 7 years old are not allowed in the Aula during the first part of the ceremony.

The ceremony will be followed by a reception in the Atrium of the ISS.

Professors are invited to join the academic procession.

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