Oil & Middle East Programme
Middle East Crude Pricing and the Oman Crude Oil Futures Contract: A Critical Assessment
Published: 1st August 2006| By: Bassam Fattouh
In this comment, Dr Bassam Fattouh considers whether the proposed Oman oil futures contract to be launched later this year satisfies the necessary conditions for it to play the role of a benchmark in pricing Middle Eastern crude oil exports to Asia.
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OPEC’s Discounts on Heavy Crude Oil: Is a New Policy Instrument Taking Shape?
Published: 1st June 2006| By: Bassam Fattouh
Earlier this year in Caracas, OPEC announced that it would leave its production quota unchanged. However, not everyone is convinced by OPEC’s recent announcement. Some observers believe that OPEC members have already reduced their supplies to keep inventories in check and they are doing this by not discounting their heavy crude oils. This comment explores [...]
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Spare Capacity, Oil Prices and the Macroeconomy
Published: 1st June 2006| By: Bassam Fattouh
Spare Capacity, Oil Prices and the Macroeconomy by Dr. Bassam Fattouh for Oxford Economic Forecasting’s conference ‘Global Macro and Industrial Outlook’ held in London on 6-7 June 2006.
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World Energy Trends: Recent Developments and their Implications for Arab Countries
Published: 1st May 2006| By: Robert Skinner
Arab countries have 56% and 30% of the world’s conventional oil and gas reserves respectively. In 2003 they accounted for over 30% of world oil and NGL production, 11% of gas production, 16% of gas exports and 37% of LNG trade. This hydrocarbon endowment and rapidly expanding role in oil and gas trade conveys onto [...]
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Difficult Oil
Published: 1st September 2005| By: Robert Skinner
This presentation was given by Dr Robert Skinner at the Centre for Global Energy Studies 26th Executive Retreat, 29th-30th September.
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Crude Oil: Scenarios and Perspectives of the Market
Published: 1st August 2005| By: Robert Skinner
This presentation was given by Dr Robert Skinner in August of this year at the Comisión de Investigación de los Precios del Petróleo in Querétaro, Mexico.
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The Oil Supply and Demand Context for Security of Oil Supply to the EU from the GCC Countries
Published: 1st April 2005| By: Robert Skinner, Robert Arnott
This report and presentation were prepared as part of the EUROGULF project carried out under the European Commission’s Synergy Program by a consortium under the coordination of the Robert Schuman Centre for Advanced Studies, European University Institute, Florence.
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Exploration and Production Strategy: Keys to Success and Common Reasons for Failure
Published: 1st March 2005| By: Robert Arnott
Rob Arnott reviews the EP strategies of the major integrated companies as well as the independent oil and gas companies and identifies the keys to success and the common reasons for failure. Arnott identifies the key phases of exploration and production as well as the features of the best in class and contrasts company strategy [...]
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Oil Depletion or Depleted Policies
Published: 1st November 2004| By: Robert Arnott
In a recent debate on oil depletion at the Energy Institute, Rob Arnott argued that robust demand was driving current strong oil prices not peak oil. His presentation focused on the ways in which oil is brought to the market and he showed that recent policies and strategies had led to a period of underinvestment [...]
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Redefining the Convenience Yield in the North Sea Crude Oil Market
Published: 1st July 2004| By: F. Caumon, J. Bower
Despite falling production volumes and recent modifications to the way it is traded and prices reported, Brent crude oil produced in the North Sea remains the dominant marker grade for most of the crude oil produced and consumed outside of the Americas. This paper derives from a fundamental observation made by Paul Horsnell and Robert [...]
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