Are Treasuries killing the climate deal?

In this OIES Energy and Environment Comment, Dr Benito Müller (OIES Director, Energy & Environment) argues that the intrangicence of developed country finance ministries is threatening the current international climatechange negotiations and the deal in Copenhagen. Dr. Benito Müller.

The Nature of LNG Arbitrage and an Analysis of the Main Barriers for the Growth of the Global LNG Arbitrage Market

This paper by Polina Zhuravleva is one of the first to provide a rigorous definition of LNG arbitrage and analyse the different types of transactions, and barriers to the future growth of this type of trade. The author’s conclusion that most of the existing barriers to trade can be eliminated if participants have incentives to do so, should be of interest to all LNG stakeholders.

Problems and prospects for the “Fourth Corridor”: the positions and role of Turkey in gas transit to europe

Caspian and Middle East gas pipelines to Europe have become an increasingly important and emotive in the late 2000s. The role of Turkey will be critical for all of these projects. But is Turkey a potential hub for, or a potential obstacle to, Caspian and Middle East gas supplies to Europe? Gareth Winrow has consulted many Turkish stakeholders in relation to the different aspects of these issues, and his paper sets out the conflicting views which make this subject confusing for those attempting to establish the reality of Caspian gas supplies to Europe.

Resource rents redistribution and halving global poverty: the resource dividend

This paper by Paul Segal considers the proposal that each country distribute its resource rents directly to citizens as a cash transfer or Resource Dividend and estimates its potential impact on global poverty. If every developing country implemented the policy then the number of people living below the World Bank’s $1-a-day global poverty line would be halved. Further potential benefits of the policy and a range of administrative and political challenges are discussed.

Price Demand and Market Structure for the Oil Industry: Distillates in the driver's seat or Gasoline resurgence ?

This presentation given at an OIES internal seminar raises the issue of whether middle distillates are in the driving seat and whether the world is likely to witness a gasoline resurgence. The presentation then provides an overview of some recent developments in the diesel market and their implications on refinery yields and product price differentials.