Oil & the Middle East Programme

The Oil and the Middle East Programme of the Oxford Institute for Energy Studies was established in 2009. It is dedicated to the advanced study of modern-day oil markets and of the economics of natural resource wealth. With historical focus on the resource-rich economies of the Middle East, the Programme also focuses on major non-OPEC producing regions such as Russia, and emerging energy markets such as China and India.

The programme’s research activities centre around its three main thematic branches:

  • Oil markets and their financialisation

The key area of the programme’s research concentrates on global oil market dynamics, such as oil price behaviour, benchmark developments, fundamentals research, the impact of unconventional energy sources and of biofuels on oil market dynamics, producer-consumer relations, and oil market financialisation hypotheses.

  • The economics of resource-rich economies and the Middle East

The programme’s second key area of research concentrates on the management of natural resource wealth within resource-rich economies, including resource-based development strategies and economic growth, ways of distributing natural resource rents, and domestic demand growth challenges.

  • Development of emerging energy markets

In response to the rapid rise in energy consumption outside traditional OECD energy consumers, the Oil and the Middle East Programme analyses demand and supply patterns in emerging energy markets, including Russia, India, China, Latin America and Africa.

Research is disseminated via a dedicated research paper series, short energy comments and contributions to academic journals and specialised publications, in addition to a book series published by Oxford University Press. Members of programme staff have also been involved in  a range of international publications, including the United Nations Development Programme (UNDP), the International Energy Agency (IEA) and the International Energy Forum (IEF). The Programme’s research group is composed of core staff, and draws on a network of external contributors from a wide range of disciplinary and industrial backgrounds.

 


Latest from the Oil & Middle East Programme


The US Shale Revolution and the changes in LPG Trade Dynamics – A Threat to the GCC?

Published: 22nd July 2014 | By:

Published paper can be found here One of the major developments associated with the US shale revolution and that has attracted little attention from market analysts is the sharp expansion in US liquefied petroleum gas (LPG) exports. Substantial increase in domestic supply has not only meant that US imports of LPG have dwindled, but the [...]

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

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Awaiting the Mexican Wave – Challenges to energy reforms and raising oil output

Published: 23rd June 2014 | By: , Shweta Upadhyaya

This comment analyses the potential impact of the proposed Mexican energy reforms in light of the current state of Mexican oil production. It identifies the main themes behind the reforms and evaluates the prospects for shallow, deepwater and shale resources, along with the midstream and downstream sectors. The comment notes that while Mexico offers significant [...]

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

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Price Reform in Kuwait’s Electricity and Water Sector – Assessing the Net Benefits in the Presence of Congestion

Published: 2nd April 2014 | By: , Lavan Mahadeva

Kuwait’s domestic electricity and water sector has been in disarray for several years, struggling with fast-rising demand for several decades as a result of rapid industrialization, population growth, rising living standards as well as due to the artificially low utility prices set by the government. We use a model-based methodology to compare the current pricing [...]

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Categories / Electricity & Nuclear, Energy Economics, Energy Policy, Oil & Middle East Programme, Papers, Working Papers

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