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


The Future of the Canadian Oil Sands – Growth potential of a unique resource amidst regulation, egress, cost, and price uncertainty

Published: 9th February 2016
By:

Though the Canadian oil sands may have been overlooked in recent years, due to the impressive story of North American tight oil growth, their massive bitumen deposits still comprise a major portion of the world’s crude resources. With an estimated 170 billion barrels of economically proven reserves (amidst the 1.7-2.5 trillion barrels of oil in […]

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

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Russia and OPEC – Uneasy Partners

Published: 8th February 2016
By: , Bassam Fattouh

On Wednesday January 27th Russian Energy Minister Alexander Novak met with a group of Russian oil companies to discuss the domestic and global energy markets, following which he announced that Russia would be prepared to discuss an output cut of 3-5% at a meeting with OPEC in February. On the face of it this would […]

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Categories / Energy Comments, Energy Comments, Energy Policy, Oil, Oil & Middle East Programme

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Reforming Electricity Reforms? Empirical Evidence from Asian Economies

Published: 5th February 2016
By: , Rabrindra Nepal, Tooraj Jamasb

After more than two decades of attempts at electricity sector reform, there is a strong case for assessing empirical evidence on its outcomes, particularly for developing countries. Electricity reform programmes, implemented through the ‘standard’ or ‘textbook’ model, have their foundations in standard microeconomic theory and are based on the rationale that restructuring towards greater competition […]

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

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Gazprom – Is 2016 the Year for a Change of Pricing Strategy in Europe?

Published: 20th January 2016
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Gazprom’s pivot to Asia has stalled and it must now continue to focus on Europe as its key export market. However, stagnant demand and increasing availability of LNG supply are set to put the company’s market share under pressure from 2016. To date Gazprom has responded to competitive threats by making reactive adjustments to its […]

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Categories / Country and Regional Studies, Energy Comments, Energy Comments, Energy Policy, Gas, Gas Programme

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Under the Mountains – Kurdish Oil and Regional Politics

Published: 18th January 2016
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The development of major oil and gas reserves in the autonomous Kurdish Region of Iraq (KRI) is a recent phenomenon which has attracted major media and industry interest. It represents the rare case, in recent history, of the discovery of a large new onshore conventional petroleum province. The Kurdistan Region Government (KRG)’s formulation of its […]

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

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Electricity markets are broken – can they be fixed?

Published: 12th January 2016
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This paper argues that electricity markets in Europe are broken. The increasing penetration of subsidised, zero marginal cost, intermittent generation has distorted prices to the extent that they can no longer give effective signals for investment or operation. The problem is increasingly being recognised but there is no consensus on the solution. The paper considers […]

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Categories / Electricity & Nuclear, Electricity Programme, Energy Policy, Papers, Papers, Renewable

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Fiscal Stabilization in Oil and Gas Contracts – Evidence and Implications

Published: 7th January 2016
By: , Carole Nakhle

The objective of this paper is to analyse how contractual stabilization devices have evolved since the late 1990s, based on a survey of 20 countries and a review of the literature and evidence on stabilization clauses. Although fiscal stability is a commonly cited attribute of a desirable upstream petroleum regime, one of the commonly observed […]

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Categories / Energy Policy, Finance, Gas, Oil, Papers

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Oxford Energy Forum – Special Issue, 103

Published: 16th December 2015
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Energy trading in Europe is on the verge of a fundamental transformation. The implementation of a host of new regulations: the European Market Infrastructure Regulation (EMIR),
the Markets in Financial Instruments Directive (MiFID), the Markets in Financial Instruments Regulation (MiFIR), the Market Abuse Regulation (MAR), the Capital Requirements Regulation (CRR), and the Capital Requirements Directive IV […]

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Categories / Oxford Energy Forum