Founded in 1982, the Oxford Institute for Energy Studies is a Recognized Independent Centre of the University of Oxford.

Its unique multidisciplinary expertise allows it to examine the economics, the politics and the sociology of energy with a focus on oil and natural gas. Its research spans the international relations between producers and consumers of energy; the economic development of producing nations and the geo-political aspects of all these issues alongside the economics and politics of the environment in relation to energy, including climate change. The Institute’s intellectual independence places it firmly at the centre of the dialogue between consumers and producers, government and industry, academics and policy makers. The Institute serves a worldwide audience with its research and continues to inform understanding of all major energy issues today.

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Latest Publications

Europe’s ‘Energy Union’ plan – a reasonable start to a long journey

Published: 2nd March 2015
By: , Malcolm Keay

The European Commission has unveiled its plan for “an Energy Union”, an initiative triggered by the Ukraine crisis’ implications for gas security, but which has now taken on a far wider dimension. It appears to have political momentum, although it lacks crucial detail, especially on governance and supervision of the many proposed improvements. Nonetheless, it […]

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Categories / Country and Regional Studies, Energy and the Environment, Energy Comments, Energy Policy, Renewable

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A Brief Political Economy of Energy Subsidies in the Middle East and North Africa

Published: 24th February 2015
By: , Laura El-Katiri

Energy subsidies are among the most pervasive, and most controversial fiscal policy tools in the Middle East and North Africa (MENA). In a region with few functioning social welfare systems, subsidized energy prices continue to form an important social safety net, albeit a highly costly and inefficient one. In the MENA region’s oil and gas […]

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Categories / Country and Regional Studies, Energy Policy, Oil & Middle East Programme, Papers, Papers

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Lebanon – The Next Eastern Mediterranean Gas Producer?

Published: 18th February 2015
By: , Laura El-Katiri

In this report published by the German Marshall Fund of the United States, Bassam Fattouh and Laura El-Katiri examines the prospects of Lebanon turning into a natural producer and exporter. Lebanon’s exclusive economic zone forms part of the Levant Basin, which has been estimated to hold up to 122 trillion cubic feet of recoverable natural […]

Categories / Country and Regional Studies, Energy Policy, Gas, Submissions & Articles

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China – the ‘new normal’

Published: 16th February 2015
By: , Amrita Sen, Robert Campbell

Over the past decade, China has become a key driver of global oil demand growth. As China’s GDP growth increased at double-digit rates, oil demand growth increased by an average 0.5 mb/d between 2003 and 2012. Over the same period, China accounted for two-thirds of global oil demand growth. Thus, any changes in China’s energy […]

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Categories / Country and Regional Studies, Energy Comments, Energy Comments, Energy Policy, Oil, Oil & Middle East Programme

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Electricity Supply Interruptions – Sectoral Interdependencies and the Cost of Energy Not Served for the Scottish Economy

Published: 9th February 2015
By: , Tooraj Jamasb

The power sector has a central role in modern economies and other interdependent infrastructures rely heavily upon secure electricity supplies. Due to interdependencies, major electricity supply interruptions result in cascading effects in other sectors of the economy. This paper investigates the economic effects of large power supply disruptions taking such interdependencies into account. We apply […]

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Categories / Country and Regional Studies, Electricity & Nuclear, Electricity Programme, Energy Economics, Energy Policy, Energy Security, Papers, Papers

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Paris 2015 – just a first step

Published: 4th February 2015

The 20th session of the Conference of the Parties to the UN Framework on Climate Change (COP 20) recently concluded in Lima, Peru. It was the last COP before the Paris Climate Change Conference, to be held in December 2015, when the parties are expected to sign a universal agreement that would take effect from […]

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Categories / Energy and the Environment, Energy Comments

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Fundamental Petroleum Fiscal Considerations

Published: 2nd February 2015
By: , David Johnston

The most common business structures in the industry today are either production sharing contracts (PSCs) or royalty/tax systems (R/Ts). Roughly half of the governments of this world use PSCs and the rest use R/Ts. While these systems are fundamentally different from philosophical and legal perspectives, their structures are dramatically similar from financial, economic, and accounting […]

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Categories / Energy Comment, Energy Comments, Energy Comments, Publications

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Gasoline and Diesel Pricing Reforms in BRIC Countries – A Comparison of Policy and Outcomes

Published: 26th January 2015
By: , Carolina Santos de Oliveira, Anupama Sen

Recent changes in international oil prices have highlighted the issue of petroleum product pricing reforms in a number of non-OECD economies, particularly as the non-OECD now accounts for the bulk of the global growth in consumption of petroleum products. In 2014, oil demand from the non-OECD is predicted to overtake OECD oil demand for the […]

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Categories / Oil & Middle East Programme, Papers, Papers, Publications

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